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March 26, 2016

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NK

free markets are made up of free peoples making enlightened self-interested decisions. Completey agree with that self-evident point. There are indeed billions of free peoples in europe (south of St Petersburg), north america, much of SA and the subcontinent and plucky Australia. This is the Anglo-Sphere that are our natural trading partners and military allies; skewing so much of our trade to Chinese slave-ish labor for 30 years has had economic and geopolitical consequences which actually reduced free markets.

NK

Ig- your last graph at 11:39 is exactly right. How do we get there?

Miss Marple 2

Ignatz,

Don't overestimate my resources.

In addition,when the government pushes these regulations knowing full well that other countries do NOT have them, they are with intent shipping jobs overseas.

Yes, welfare checks make people dependent. When you have to feed kids, maybe people don't look at the long-term.

A simplified tax code doesn't mean much to folks who are below the taxable income level, although eventually it might help.

Who is it that has pushed for deregulation, a pause in immigration, and a sealed southern border?

Trump.

jimmyk on iPhone

"A simplified tax code doesn't mean much to folks who are below the taxable income level, although eventually it might help."

Perhaps not, but when companies start hiring, and new businesses start emerging, because taxes and regulations are reduced and simplified, it will mean something. Remember the 80s?

Ignatz Ratzkiwatzki

--Don't overestimate my resources.--

Likewise.

--Yes, welfare checks make people dependent. When you have to feed kids, maybe people don't look at the long-term.--

People who have to feed kids but can't are overwhelmingly single mothers and those with little education. Those are precisely the people hurt by minimum wage laws, immigration, poor tax policies, overregulation and all the rest of the reasons we have a stagnant economy.

--A simplified tax code doesn't mean much to folks who are below the taxable income level, although eventually it might help.--

It means a hell of a lot to them when the guy who is above the taxable income level hires them because he will be able to keep enough of what they produce to make it worth his while to have another employee.

--Who is it that has pushed for deregulation, a pause in immigration, and a sealed southern border?

Trump.--

Have I ever criticized Trump, or anyone else, for any of those positions?

DrJ

MM,

I'm not picking a fight -- really. But the first thing to do in your hypothetical is to dump the house. Any asset can be sold. If there isn't enough cash to cover an upside-down mortgage, walk away from it.

Rent something small and look to relocate to an area where you can work. It is not easy, but the options you cite are bleak. Better to take the hit upfront and build for the future.

NK

demographics are different from the 80s, but energy prices are way down, and yes if we made a sane IRC and slashed gratuitous regulation (i.e. regulations which primarily keep regulators employed) GDP and wages will rise far more than the past 8 year calamity. That model is true.

Ignatz Ratzkiwatzki

--How do we get there?--

Good question.
Increasingly it looks like out of the barrel of a gun.

Miss Marple 2

DrJ,

I ran into people like this all the time at the food pantry. Examples:

1. Mother and daughter-in-law with kids. Father and son had gone to St. Louis to look for work because the roofing jobs they had always had were taken by Mexicans (probably illegals). Daughter-in-law and kids had moved into the older couple's house to save money.

2. Young couple from a small town in Western Indiana. They couldn't get jobs and had no kids so had moved to Indianapolis to look for work and were living in a cheap motel. I had to find them stuff they could use in the motel, like peanut butter and cannedtuna and bread. No cooking facilities. ALso found jobs not as plentiful for them as they had been led to believe.

3. Driver for Colonial Bakery (which shut down) and who was over 55. Had worked for them all his life. He was out of work for over a year and when I left the food pantry (got to be too much for me with my situation) he was still looking, and had aged about 10 years.

4. A woman who rented a house which was sold out from under her. She had 4 dogs (small) and was facing having to give 2 up in order to find a place to live, as she couldn't stay with her friend much longer.

In addition, let me apprise you of the fact that rents are UP quite a bit, because so many people no longer can qualify for mortgages. Here in Indianapolis a 3-bedroom house in a run-down area will still cost you about $1000 a month.

I tried to offer helpful advice, but I am not a financial or employment counselor, so could only offer sympathy and a few suggestions.

It still bothers me, these people. I can still see their faces.

DebinNC

... and on that sad note, a new thread

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