[C38] Who Does our Economy Serve?

[Max Soto]

good one! totally right!

2010/8/9 Tom T. <tdtron at earthlink.net>

>
> No problem Bill,
>
> As boat owners, we knew right away that sending that email about economics
> to this group was probably a mistake.
>
> If we had even a clue about economics, we probably wouldn't be boat owners!
>
> Tom Troncalli
>
>
> ----- Original Message -----
> *From:* Bill Haynes <hayneswm at charter.net>
> *To: *Catalina 38 Listserve <listserve at catalina38.org>
> *Sent:* 8/9/2010 10:34:43 AM
> *Subject:* Re: [C38] Who Does our Economy Serve?
>
> Thank you for your understanding.  It won't happen again...............
>
> Bill
>
> ----- Original Message -----
> *From:* Larry Malmberg <larrypi at linkline.com>
> *To:* 'Catalina 38 Listserve' <listserve at catalina38.org>
> *Sent:* Sunday, August 08, 2010 12:55 PM
> *Subject:* Re: [C38] Who Does our Economy Serve?
>
> Thought it was probably a mistake, it happens to all of us from time to
> time.
>
>
>
>
>
>
>
>
> Best regards,
>
> Larry Malmberg-President
>
> Larry Malmberg Investigations and Security, Inc.
> 505 North Arrowhead Avenue - Suite 510
> San Bernardino, CA 92401-1200
> 909-383-8565, 800-655-4549 Facsimile 909-383-8566
> PI 15211, PPO 112446
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>  ------------------------------
> *From:* listserve-bounces at catalina38.org [mailto:
> listserve-bounces at catalina38.org] *On Behalf Of *Bill Haynes
> *Sent:* Sunday, August 08, 2010 9:51 AM
> *To:* Catalina 38 Listserve
> *Subject:* Re: [C38] Who Does our Economy Serve?
>
>  Oooops, sorry for this post.  It was meant for one of my retired AF
> buddies.
>
> Bill
>
> ----- Original Message -----
> *From:* Bill Haynes <hayneswm at charter.net>
> *To:* Catalina 38 Listserve <listserve at catalina38.org>
> *Sent:* Sunday, August 08, 2010 9:40 AM
> *Subject:* Re: [C38] Who Does our Economy Serve?
>
> Paul, Thom has stated the plight of the middleclass in this country so much
> better than I could.  Sure, you know some middleclass folks who are doing
> pretty well.  I do also.  However, taken as a whole, the middleclass is not
> doing so well.  Read this and then let me know what you would do about it.
>
> Bill
>
>
>  Thom's blog
> *Who Does our Economy Serve?*
> *Ed Luce with The Financial Times' has documented the "crisis of
> middle-class America."* He notes the "median wage stagnation" that has hit
> most American families, and writes, "the annual incomes of the bottom 90 per
> cent of US families have been essentially flat since 1973....That means most
> Americans have been treading water for more than a generation." At the same
> time, the Financial Times notes, America's CEOs have seen their compensation
> go up over a hundredfold. The result is a level of inequality not seen in
> this country since 1929, and the conversion of the middle class of 1940 to
> 1980, into the terrified working poor of the post Reaganomics era, the vast
> majority of whom live paycheck to paycheck, with no significant savings, and
> only a job loss and a few weeks from being homeless and on the streets.
>
> *The new GDP report shows our economic growth slowed to a 2.4 percent rate
> * in the second quarter, too slow to put Americans back to work. Much more
> worrisome are details in this report pointing to a continued slowdown this
> year. According to a recent survey by the Employee Benefit Research
> Institute, workers are cashing in their retirement plans just to stay
> afloat. Their grim statistics show the percentage of American workers who
> have less than $10,000 in savings grew to 43 percent in 2010. Almost 25% of
> all workers have postponed their planned retirement in the past year. A
> CareerBuilder.com survey reports that 61 percent of workers are now living
> paycheck to paycheck, as compared to 43 percent in 2007. Meanwhile, Bankers
> at the big Wall Street banks wrapped up their best month in a year. This
> begs a question. Economic activity happens in America because government
> authorizes corporations and gives substantial benefits and limitations of
> liability to those few individuals who own most of corporate America. Thus
> the question: Is this economy our Government has created here to serve the
> wealthy people who own it, or did we bring it into being and do we support
> and maintain it so it can benefit average working people, and thus
> Democracy?
>
> -Thom
>
>
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-- 
Max Soto
C38 #198 ESTANCIA
Puntarenas, Costa Rica
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