Re: Bankruptcy Filings Rise

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The reason many middle class people are on the edge is because they live beyond
their means. More and nicer cars, bigger house, season tickets for the home team,
etc etc. I know this. Many others are doing just fine. They save, invest, and
plan. And they are doing well investing, with markets at 5 year highs.

As far as immigration, they come because they are wanted. American workers suck.
They have poor work ethic, complain, expect great benefits, and will sue you at
the drop of a hat. Mexicans are better. While americans were watching tv and
playing grand theft auto while smoking a blunt, Pedro and Jose were trudging
across the desert during the summer evading rich retired "Minutemen" and border
patrol. Jose and Pedro, this Bud's for you.

On 4/02/06, Mr. Blue wrote:
> On 4/02/06, v wrote:
>> rrr: You forgot te rest of the
>> sqeeze play, credit card minimum
>> payments have doubled by law. Since
>> gas prices have more then double,
>> and add to that riseing taxes.
>> Pretty soon there will be alot of
>> people forced to throw in the towel.
>> Most household planners can plan for
>> contigency expenese, it's the added
>> unexspected costs of living that
>> will push most people over the edge.
>> The people who are on the edge now.
>> Have nowhere to go but down, with
>> the rest of the economey.
>
> Also, don't forget, rising health insurance premiums and health care costs in
> addition to higher prices for natural gas.
>
> "The people who are on the edge now have nowhere to go but down with the rest of
> the economy."
>
> As I'm fond of saying, "Bankruptcy is the future of the American middle class."
> As middle class jobs that require college education are either sent overseas or
> filled with foreign workers on H-1B or L-1 visas, more and more college educated
> Americans will discover that the economy only has room for them as either working
> poor or lower middle class, including Americans who already have significant
> financial obligations. Of course, we're also continuing to shed lower middle
> class blue collar jobs with many of those jobs going to illegals (construction
and
> meat packing come to mind).
>
> Of course, our politicians will just continue to offer Americans education as the
> solution to our problems. Americans just gobble it right up; it's the opiate of
> the masses. Perhaps one day our fellow citizens will discover that education is
> not a replacement for sound economic policy. Alternatively, our society could
> follow the path of "The Marching Morons" (do a Wikipedia search).
>
> Regardless, as the middle class slowly disintegrates and goes bankrupt,
presumably
> some work will come available. Of course, once we've lost the middle class and
> the lower middle class we'll all be out of work for lack of paying clients.