academiccompositionab
Empowerment Equalizer
SSaragian
Antony Sammeroff
Ann Sterzinger
Rodney
RJ
busterjames
cainusmaxus
Craig FitzGerald
David Heleniak
Caity & Dan Greene
keirmartland
Keith Preston
Bill the Butcher
ljp711
MRDA
Jack Donovan
Rachel Haywire
comrade hermit
Michael
Vince
Regan
robertstark2014
Noonan
S E Pearson
Rachel Haywire
Nexus X HumectressCredit card charge-offs and liquidations have hit their highest rate since 2008 for credit card issuers such as Capital One and Discover, a concerning sign for the outlook of the US economy. The Federal Reserve is starting to sign alarm bells about this. Recent reports from card issuers, including AMEX (American Express), also show an increase in delinquencies and charge-offs. A sign that US consumers are struggling to pay their bills and could be on the verge of reducing spending. If consumer spending gets cut back, that’s something which could cause a recession. As spending accounts for almost 70% of US GDP.
Attack the System
Categories: Economics/Class Relations
The New Deal was repealed in November of 1980 when the resoundingly retrograde reprobate Reagan was f*cklected by the charmingly numb-nuts American electorate who’ve had the joy of 44 years of self inflicted throat slitting ever since. “Free (for the rich bastards) markets! Let them eat kakke; blame the effing n*ggers; blame the Mexicans trying to take our jobs!”
Just don’t blame capitalism, folks. You work to make the capitalists rich. They turn around and pay you a wage you can’t live off of that has been stagnant for 44 years. While your rent has gone up 200% in that time and your out on the street, evicted. But still waiving that good ol’ rojo, blanco y azul bandera mi amigo!
F*ck me! I’m an American. I live (in a trash heap) in the greatest country in the world. Who said?! Why God told me during a bout of schizophrenia. “USA! USA! USA!