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	<title>Comments on: Killing the Middle Class</title>
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		<title>By: Jane Wegener</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5337282</link>
		<dc:creator><![CDATA[Jane Wegener]]></dc:creator>
		<pubDate>Mon, 23 Dec 2013 15:18:00 +0000</pubDate>
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		<description><![CDATA[The current administration pretends to be helping the middle class and the poor all the while we watch as the middle class is decimated.  Even the poor black people in south Chicago protested a recent Sharpton meeting.  If the poor start to understand that the democratic policies are the reason they are still poor look out progressives!!!  Blacks have been voting for dems who claim to want to help for decades....but are realizing they are still poor.  Is America awakening??? We can only hope and pray!!!]]></description>
		<content:encoded><![CDATA[<p>The current administration pretends to be helping the middle class and the poor all the while we watch as the middle class is decimated.  Even the poor black people in south Chicago protested a recent Sharpton meeting.  If the poor start to understand that the democratic policies are the reason they are still poor look out progressives!!!  Blacks have been voting for dems who claim to want to help for decades&#8230;.but are realizing they are still poor.  Is America awakening??? We can only hope and pray!!!</p>
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		<title>By: Ibinaround2</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5337155</link>
		<dc:creator><![CDATA[Ibinaround2]]></dc:creator>
		<pubDate>Mon, 23 Dec 2013 03:42:00 +0000</pubDate>
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		<description><![CDATA[Reagan set in motion the killing of the middle class with the ridiculous supply side &quot;Trickle Down&quot; economics.   That is the main cause of the 1% owning 40% of the US wealth, it does NOT trickle down...]]></description>
		<content:encoded><![CDATA[<p>Reagan set in motion the killing of the middle class with the ridiculous supply side &#8220;Trickle Down&#8221; economics.   That is the main cause of the 1% owning 40% of the US wealth, it does NOT trickle down&#8230;</p>
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		<title>By: kidcat24</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5336572</link>
		<dc:creator><![CDATA[kidcat24]]></dc:creator>
		<pubDate>Sat, 21 Dec 2013 18:53:00 +0000</pubDate>
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		<description><![CDATA[I&#039;m not sure how old some of the posters here are but, that part time work with no benefits started happening back in the late 70&#039;s early 80&#039;s.]]></description>
		<content:encoded><![CDATA[<p>I&#8217;m not sure how old some of the posters here are but, that part time work with no benefits started happening back in the late 70&#8242;s early 80&#8242;s.</p>
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	<item>
		<title>By: A Z</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5336469</link>
		<dc:creator><![CDATA[A Z]]></dc:creator>
		<pubDate>Sat, 21 Dec 2013 13:54:00 +0000</pubDate>
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		<description><![CDATA[&quot;Thus, the nation remains wedded to a policy best described by Andrew Huszar, who was responsible for executing the first round of Quantitative Easing (QE), as “the greatest backdoor Wall Street bailout of all time.”&quot;

Talk show host Jerry Doyle did say that QE was deleveraging for Wall Street. He worked there 10 years in the past.

It would have been so much better if the firms had gone bankrupt. the real assets would not have disappeared. They would have been assigned to creditors or to someone buying out the failed businesses.]]></description>
		<content:encoded><![CDATA[<p>&#8220;Thus, the nation remains wedded to a policy best described by Andrew Huszar, who was responsible for executing the first round of Quantitative Easing (QE), as “the greatest backdoor Wall Street bailout of all time.”&#8221;</p>
<p>Talk show host Jerry Doyle did say that QE was deleveraging for Wall Street. He worked there 10 years in the past.</p>
<p>It would have been so much better if the firms had gone bankrupt. the real assets would not have disappeared. They would have been assigned to creditors or to someone buying out the failed businesses.</p>
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		<title>By: 11bravo</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5336368</link>
		<dc:creator><![CDATA[11bravo]]></dc:creator>
		<pubDate>Sat, 21 Dec 2013 06:05:00 +0000</pubDate>
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		<description><![CDATA[What happens to the entire global economy, and it&#039;s societies when the US goes under?
Kinda like as if caterpillar moved out of Peoria IL = devastation!!!
Who will buy the worlds products, who will buy ours?
Guns ammo and food isn&#039;t the worst idea - or the most far-out.]]></description>
		<content:encoded><![CDATA[<p>What happens to the entire global economy, and it&#8217;s societies when the US goes under?<br />
Kinda like as if caterpillar moved out of Peoria IL = devastation!!!<br />
Who will buy the worlds products, who will buy ours?<br />
Guns ammo and food isn&#8217;t the worst idea &#8211; or the most far-out.</p>
]]></content:encoded>
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		<title>By: blert</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5336100</link>
		<dc:creator><![CDATA[blert]]></dc:creator>
		<pubDate>Fri, 20 Dec 2013 19:05:00 +0000</pubDate>
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		<description><![CDATA[ZIRP shuts down Angel Investing -- which is funded by SURPLUS cash flow -- from the older generation to the younger generation. (Cf: Duddy Kravitz)
Small businesses drive job growth -- not the Fortune 1000.
Angel investors drive small business initiations.
Surplus investment cash flow (interest, dividends, rents, royalties) enable Angel investors; capital gains -- only rarely. Wages are not used to fund small business start-ups. INCOME not assets, nor asset liquidations, drive Angel investing.
The Bernanke is eating all our seed corn. 
However, there is only the one America -- exemplar to the world.
The Fed is sending the entire world into a dark economy...
Which, given some thought, is the natural outcome of too much Top-Down brilliance, too much Leftism.
The Dream is the enemy of the Real.]]></description>
		<content:encoded><![CDATA[<p>ZIRP shuts down Angel Investing &#8212; which is funded by SURPLUS cash flow &#8212; from the older generation to the younger generation. (Cf: Duddy Kravitz)<br />
Small businesses drive job growth &#8212; not the Fortune 1000.<br />
Angel investors drive small business initiations.<br />
Surplus investment cash flow (interest, dividends, rents, royalties) enable Angel investors; capital gains &#8212; only rarely. Wages are not used to fund small business start-ups. INCOME not assets, nor asset liquidations, drive Angel investing.<br />
The Bernanke is eating all our seed corn.<br />
However, there is only the one America &#8212; exemplar to the world.<br />
The Fed is sending the entire world into a dark economy&#8230;<br />
Which, given some thought, is the natural outcome of too much Top-Down brilliance, too much Leftism.<br />
The Dream is the enemy of the Real.</p>
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		<title>By: blert</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5336092</link>
		<dc:creator><![CDATA[blert]]></dc:creator>
		<pubDate>Fri, 20 Dec 2013 18:52:00 +0000</pubDate>
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		<description><![CDATA[Financial Repression has ALREADY clipped the real values out of said accounts by at least 35% over the last five years.

So, you&#039;re wrong.
On current trends, the Fed will clip ANOTHER 35% of real value out of those accounts -- by just staying steady at the wheel.
It&#039;s far better to shear the sheep. Mutton just doesn&#039;t bring enough $$$.]]></description>
		<content:encoded><![CDATA[<p>Financial Repression has ALREADY clipped the real values out of said accounts by at least 35% over the last five years.</p>
<p>So, you&#8217;re wrong.<br />
On current trends, the Fed will clip ANOTHER 35% of real value out of those accounts &#8212; by just staying steady at the wheel.<br />
It&#8217;s far better to shear the sheep. Mutton just doesn&#8217;t bring enough $$$.</p>
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		<title>By: StarTripper</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5336030</link>
		<dc:creator><![CDATA[StarTripper]]></dc:creator>
		<pubDate>Fri, 20 Dec 2013 16:59:00 +0000</pubDate>
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		<description><![CDATA[When the crash comes watch for the Federal Government to come in to &quot;rescue&quot; all those 401K and IRA accounts by turning them into Treasury accounts with a &quot;guarenteed return.&quot;  I listen constantly to fools in my office that think Bernanke is a genius and the Wall Street surge is for real.  They will be screwed with the rest of us.  Well, except for those who bought ammo and food.]]></description>
		<content:encoded><![CDATA[<p>When the crash comes watch for the Federal Government to come in to &#8220;rescue&#8221; all those 401K and IRA accounts by turning them into Treasury accounts with a &#8220;guarenteed return.&#8221;  I listen constantly to fools in my office that think Bernanke is a genius and the Wall Street surge is for real.  They will be screwed with the rest of us.  Well, except for those who bought ammo and food.</p>
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		<title>By: alericKong</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5336016</link>
		<dc:creator><![CDATA[alericKong]]></dc:creator>
		<pubDate>Fri, 20 Dec 2013 16:30:00 +0000</pubDate>
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		<description><![CDATA[Last year I remember reading economists challenging anyone to show how deficit spending and easy money policy harms the economy.

Just off the top of my head:

Invincible competition
No one beats the Fed. Small businesses have to compete for the same resources against people who print their own money and run their own courts. Finding bond yields today is like finding steel or gas during WWII.

Toxic Assets
The zero interest rate bonds are put on today&#039;s balance sheets much like 2008&#039;s overvalued housing derivatives. Soon holders of wealth will demand a greater return in exchange for treasury bonds, the old zero rate bonds will crash in price. Lending will then freeze because everyone&#039;s assets have disappeared.

Commodity Inflation
Gasoline and food are sky-rocketing in price, but even worst people&#039;s life-savings has lost value. $1,000 today is not the same as $1,000 in 1999. In effect ZIRP amounts to stealing from the savings of normal people to prop up overvalued failures who have been exposed as criminals.

Detrimental Incentives
Why wakeup at 4:00 AM to work at a shipping dock or oil field when you can sleep in till noon, pickup a disability check, and spend your nights drinking beer and doing drugs on the beach?

Scarcity
I would be more supportive of paying down past debt with inflated dollars if we lived in a moral ascetic society. However we are eating through our supply of cheap energy and arable land like locusts to fuel cheap plastic goods imported from China, more urban sprawl by the highway, foreign oil, and healthcare for the morbidly obese and drug addicted. High Quality Collateral not only disappears but is never developed and sooner than you think there will be nothing to back the floated paper currency.]]></description>
		<content:encoded><![CDATA[<p>Last year I remember reading economists challenging anyone to show how deficit spending and easy money policy harms the economy.</p>
<p>Just off the top of my head:</p>
<p>Invincible competition<br />
No one beats the Fed. Small businesses have to compete for the same resources against people who print their own money and run their own courts. Finding bond yields today is like finding steel or gas during WWII.</p>
<p>Toxic Assets<br />
The zero interest rate bonds are put on today&#8217;s balance sheets much like 2008&#8242;s overvalued housing derivatives. Soon holders of wealth will demand a greater return in exchange for treasury bonds, the old zero rate bonds will crash in price. Lending will then freeze because everyone&#8217;s assets have disappeared.</p>
<p>Commodity Inflation<br />
Gasoline and food are sky-rocketing in price, but even worst people&#8217;s life-savings has lost value. $1,000 today is not the same as $1,000 in 1999. In effect ZIRP amounts to stealing from the savings of normal people to prop up overvalued failures who have been exposed as criminals.</p>
<p>Detrimental Incentives<br />
Why wakeup at 4:00 AM to work at a shipping dock or oil field when you can sleep in till noon, pickup a disability check, and spend your nights drinking beer and doing drugs on the beach?</p>
<p>Scarcity<br />
I would be more supportive of paying down past debt with inflated dollars if we lived in a moral ascetic society. However we are eating through our supply of cheap energy and arable land like locusts to fuel cheap plastic goods imported from China, more urban sprawl by the highway, foreign oil, and healthcare for the morbidly obese and drug addicted. High Quality Collateral not only disappears but is never developed and sooner than you think there will be nothing to back the floated paper currency.</p>
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		<title>By: davarino</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/killing-the-middle-class/comment-page-1/#comment-5335918</link>
		<dc:creator><![CDATA[davarino]]></dc:creator>
		<pubDate>Fri, 20 Dec 2013 12:36:00 +0000</pubDate>
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		<description><![CDATA[Obama, he just wants to help you : )
 
He is focusing on the economy like a laser. 
 
In a way I am glad Obama was elected, because he is demonstrating, with open kimono, exactly what the left has been doing covertly for the last 50 years. Hopefully America has an epiphany.]]></description>
		<content:encoded><![CDATA[<p>Obama, he just wants to help you : )</p>
<p>He is focusing on the economy like a laser. </p>
<p>In a way I am glad Obama was elected, because he is demonstrating, with open kimono, exactly what the left has been doing covertly for the last 50 years. Hopefully America has an epiphany.</p>
]]></content:encoded>
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