IT’S REAL … WHETHER THE MEDIA WANTS TO COVER IT OR NOT
|| By FITSNEWS || This website continues to believe in the indomitable American spirit … even as we mock the mainstream media apologists who invoke the “indomitable American spirit” as they provide cover for those who would seek to kill it.
We’re referring of course to the “rainbow and unicorn” crowd … mainstream media outlets fed by the “one percenters” who would have you believe all is well with the U.S. economy.
It isn’t … as the latest labor participation and retail spending data clearly demonstrate.
But the lack of quality jobs and stagnant income levels aren’t occurring in a vacuum. There’s a good reason a record number of working age Americans are out of the work force …
One big reason? The death of American innovation … courtesy of the government that stole money out of your pockets to protect those deemed “too big to fail.”
It’s the whole “center cannot hold” theme we often invoke in writing about the American middle class – which is forced to subsidize unprecedented dependency on one end of the spectrum and rampant crony capitalism on the other.
And God forbid politicians try and cut even a dime of that spending …
Anyway, what does the perpetuation of this welfare/ corporate dependency mean for the vast majority of Americans who are simply trying to scratch out a living?
Take a look courtesy of Gallup …
(Click to enlarge)
(Chart: Via)
“The percentage of new businesses created (in 2008) was smaller than the percentage of businesses that closed down,” Gallup’s Benjamin Ryan noted. “In other words, the birth rate of new businesses dropped below the death rate for the first time since these metrics were first recorded — and that downward track has continued.”
The reason?
“A crucial factor influencing the declining rate of U.S. startups is a decline in the personal savings rate,” Ryan wrote.
Well duh …
When government sucks up so much of people’s personal incomes trying to sustain the unsustainable … it deprives them of the ability to invest in their ideas. That means less innovation, lost jobs, lower incomes and lackluster growth.
Gallup’s chairman and CEO Jim Clifton put the disturbing numbers in context – noting how American now stacks up compared to the rest of the world (and calling the media out for their silence on the issue).
“The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity. Countries such as Hungary, Denmark, Finland, New Zealand, Sweden, Israel and Italy all have higher startup rates than America does,” Clifton wrote. “We are behind in starting new firms per capita, and this is our single most serious economic problem. Yet it seems like a secret. You never see it mentioned in the media, nor hear from a politician that, for the first time in 35 years, American business deaths now outnumber business births.”
Amen …
Again .. we wanna be “rainbows and unicorns” about the economy. We really do. But the fundamentals simply aren’t there … and it’s about time more of those who bring you the news were honest about that (and the reasons why).
109 comments
90% of the FITS-Bots are indoctrinated and solidly entrenched in the the “rainbow and unicorn” crowd…
They come here because you reinforce the Bull-$#!t anti-American Tyrants like Obama feed them….
The spirit is only damaged by Idiots like FITS and his minions…we never die…we like Bay-bay Kids…we multiple…so STFU and quit hoping…We’ll be back…Nov. 4 showed that…
You are, in reality, a constituency of one.
Well, maybe two, if you count pogo.
Did you pay any attention to WHO was inaugurated today…or are too F*#king stupid to keep score????
I think the Liberal-Tarians did even worse than the Democrats, Dumb@$$…
*Hint: She lies through her teeth and reaks from every pore of curry.
Did you pay any attention to WHO was inaugurated today
President Rick Perry?
Check out this this video of the Boz at about 450lbs (?) screaming into a microphone and making a fool of himself…OH MY!!!!
https://www.youtube.com/watch?v=3bh4lB0bBws
Thanks Flip I checked that out. That lifestyle, if you are over 22, is a very depressing and dark, soulless existence…
It will make you have a jaded view and hate enlightenment like Boz hates clarity…
It’s looks like he’s very irresponsible and lives in a world clouded by cigarette smoke and hazy w/ whiskey…Sad… Not a very good example, when this country desperately needs adults w/ some integrity and dignity much more than it needs excess inebriation…….and party-timers…
What’s the matter? Gov’t assistance checks not keeping up with inflation. GrandTango sums up the South Carolinian ‘spirit’. Bitch about the federal government’s handling of the economy, while relying on it to stay afloat financially. Keep those hands out, Fat Whore.
Reality really P!$$#$ you off….eh? LMAO….
The reality of you being on gov’t assistance, while at the same time crying about the federal gov’t doesn’t piss me off, it just makes you look even more idiotic than just simply reading any of your posts. That fact you are fat and a whore is just plain funny :-)
LMAO…LMAO… LMAO!
The middle class has been under attack since the 1980s. The wealth of the middle class boomed from 1933 through 1980. What happened. The move to a trickle down economics policies and abandonment of any effort to make government work for a majority of Americans. Tax cuts for the rich, and screw everyone else became the goal of the Republican Party. That is what happened to the middle class.
The country can be restored, but it will take a concerted effort to push money out of politics and a government, dedicated to what is best for the Middle Class. The rich can take care of themselves and the poor will fare better under policies designed to benefit a majority of Americans.
The country became F*#ked Up in 2008, you colossal and ignorant Dumb@$$…
Under Bush, the TRUE, full-participation unemployment rate was 4.5% at one point. Insurance worked, salaries rose, gas was cheap, taxes were relatively low, ingenuity was respected and rewarded, and the beggar class was taken care of, quite well…
Obama has F*#ked this nation u, along w/ his bad of fools in the Democrat Party….
I bet GrandTango has to stand on a ladder to see lower-middle class.
2008? Is that when you started gov’t assistance? Can we blame Obama for you?
What would he do if Medicaid took his taking ass off the dole?
I started supporting the FSA many years before 2008.
You’re about as ignorant as the Gay-Bashers…LMAO…
You Demand we all take our money and give it to the hand-out takers, to empower your politician gods…and feed your greed…But you hatefully attack and insult me as being in the class, that you claim to be the protector for…
LMAO… Hahahaha!
So how’s your blog doing, you must have hired help considering how much time you spend on Will’s blog.
You’d probably Crap all over yourself if you knew how well my BLOG is doing, since you have so much invested in my failure. I’m very proud to say I’m doing quite well…thank you for asking…Hahahaha…
Dogcatchers in Graycourt and 96 have actual inaugurations?
Who knew?
The tallest ladder probably only gets him high enough to sniff their asses.
Who was President in 2008? Labor participation crashed during the Bush Depression. It has been going up since 2009. Since bush left office.
Unemployment is down
Labor Participation is Up
Stock Market is up
Gas Prices are down
Housing prices are up
Misery index is down
You are correct about that “at one point” comment, but that one point was under Clinton.
Liberals would be hilarious if you were not so dangerous…if you can’t handle reality…you just make S#!t up to fit your mythology…LMAO..
Facts are a hard master. I understand why Republicans hate them so much.
LMAO!!!!! Hahahahaha!
The “Bush era ” effectively ended in Jan. 2007 when the Dims took over congress. Ever since then it has been in a steady decline. Keep on believing the media.
Yeah, you do the same Pops. Keep on keeping on with Faux News. That media bullshit line is older than you.
keep on believing facts..i have my gods to tell me different and i believe them..Sarah wouldnt lie to me.
Yes, but the start date goes back to “read my lips” … and the killing of the Reagan Tax Cuts.
One can not expect innovators to have their rewards stripped away just at the cusp of real wealth creation. This is why Steve Jobs never took a salary when he returned to Apple. That was a simple tax dodge.
Since Read my lips, we’ve had GOP-implemented welfare-to-work reform and a balanced budget that Republicans forced Clinton to sign…..
Bush cut taxes significantly and won a war – fairly cheaply- that Congress voted us into…
And the US military showed @$$-backward stone-aged thinking Muslim religious nuts that the US WILL do what Clinton threatened over and over….It was a lesson to them until Obama and the media took the side of the brutal murderers and Jihadists…and let all those lives go to waste…because the lefts hate American Conservatives — and sympathizes w/ Islam…
It was not that long ago this country worked…yes, there were still many flaws, but it was not Totally SCREWED UP…like it is now…. We are in a BIG freakin’ mess and it’s all Obama and the Democrats who did it…
Excellent!! FITS has Smirks working 2nd shift and weekends now that as he became a joke during the 1st shift.
I’m not sure if they have 2 or 3 clowns who have several user names posting on FITS, or if liberals come here to roost..
But The State newspaper would let liberals post all they want, if they HATE Haley and the GOP…They immediately ban most non-liberal posting…
There are not many sites to post in SC, if you are a Conservative…And liberals are VERY closed-minded and big on censoring any thought not in NAZI lockstep w/ theirs…at least FITS is smart enough to let me and you w/ a couple others -double the level of interest in his site…If not for us, it would be VERY boring…and not much different than the DNC’s site…
Like the SCPSD? HAHAHAHAHAHAHA! That site lasted as long as Michelle Bachmann’s presidential bid (another failed prediction by you). And it’s never boring when you tinfoil hats bring up the Nazi’s.
You are probably right. NAZI is old school. ISIS is the new ‘love child’ of the left along with radical Islam.
Obama released 5 more of his Muslim soulmates last night from Gitmo so they can resume terrorizing western civilization.
which is still a small fraction of what your God George W released from Gitmo..ooopsis more facts to cloud your stupid argument..it never gets old does it?
Uncontrollable hate much?
hey maybe someone could start their own blog and idiots of the like mind could flock their and wallow in glorious knowledge that others are ignoring..uh oh, wait a sec..didnt some asshole already try that and fail so miserably all he can do is post on another website he knocks as stupid and irrational constantly…ooopsies nevermind.
+10 Maybe he’s going back to the printed word, aka, The Batshit Times…
Implode much?
Well, blaming all democrats for the plite of the wage earner is certainly a stretch.
The worst offender is the bloated national bureaucracy, the Central Planning Screw-ups in the ever expanding, ever taxing, ever over-regulating, ever more pointless, ever more greedy … and ever more stifling of innovation.
Democrats have done FAR more to expand the bureaucracy than Republicans… and again…the ONLY party that I know of to CUT taxes is the Republican Party. Whereas the Democrats ALWAYS raise taxes….(see Obamacare)….
So you dont remember that the GOP controlled all three house of Govt till 2007? two piss poorly planned wars, one completely unnecessary, the biggest attack on US soil in history, gas at the highest prices in history, the biggest recession since the depression, the greatest transfer of wealth from the middle class to the upper class and it goes on and on and on, yet its all the dems fault, couldn’t get a single bill through..but yeppers all their fault because telling the actual truth would destroy your twisted fucked up version of reality,,so in spite of all the facts (you will need to look up the meaning of the word “facts”) its all the dems fault.
You mean it was the GOP in control when the economy was BOOMING, we were proud of our country…and there was a sense of order…???…Thank you for reminding me how GOOD this country can be…
The middle class started to lose ground earlier than 1980. It started in 1971. Did you forget about all the stagflation and the oil crisis and what it did to the middle class?
Shhhhhh, don’t blow the narrative with facts.
Income and the middle class grew until 1999 and is been on a steady decline since. In fact, it’s only slightly higher than it was in 1980. Here’s a great article on the subject,including a very easy to understand graph. http://billmoyers.com/2013/09/20/by-the-numbers-the-incredibly-shrinking-american-middle-class/
Bill Moyers…That MoFo is left of Mao…you F*#king IDIOT!!!!…Hahahahahaha…And he uses PBS to get rich…and push his Communist politics…
You are a F*#king Dumb@$$ to think you can peddle Bill Moyers Bull-$#!t and no one will know what you’re doing…LMAO….
left of Mao
Left of MAO
L of MAO
LMAO!
We’re not worthy, we’re not worthy!
Flip says he doesn’t respect you boys..ooopsies time to hang it up i guess..i mean he has got it figured out right? right? His momma says so
You have really turned into a joke on FITS. I used to read your shit (no matter how weird and bizarre) and think this dude is smart, even if you are apparently insane and prefer ‘rations’ over pussy.
How the mighty fall-you have been reduced to chasing and mocking GT around the blog while apparently no longer interested in discussing issues.
You fell into trap, like so many.
I used to read your shit
——-
like tea leaves, you can see your future in it.
Life is good. Get off that ‘I served my country and hate my country’ gig. you are better than that.
That’s not my gig.
My gig is “Republicans are scum.”
You have NO ‘gig’-except chasing Tango around.You contribute nothing anymore.
Chasing Tango around? Your dick is stuck up his rear?
The ideology of liberalism is woefully finite. Once they are put in power…and given all they told us would make us a Utopia…they are spent…because, like Communism, al, they ever do is fail…
Score one for the ol’ e.m. That’s pretty creative – and rare – coming from a forest of pretty dull people.
Take a bow. You got a hit. It may have only been a single – but when you strike out a lot…you probably see it like a Grand Slam…kudos…
coming from an idiot who has never even got on base..big praise.
You know Big T/Grand Tango/Emily, I mentioned the graph for the “too lazy to read the article crowd”, I forgot about the “too stupid to understand the words crowd” – thanks for reminding me…
Colonel. You are one of the toughest ‘reads’ i have ever had.
You have spoken of your work for the ‘unborn’ yet post like a liberal on most issues/policy.
My guess is you are like most liberals and your world-view is based on being liked HOWEVER you deserve praise for your stance on ‘life’ issues.
I’m easy, I’m personally very conservative, believe in personal responsibility and am fairly conservative in my politics. All of that said, I am not blindly following a Republican line, instead favoring a conservative line – they’re not the same thing and haven’t been for a while.
Arguing “when and how” the middle class got killed is stupid. The “when” is as simple as looking at the numbers. 1999 was the peak. There was a gentle glide down beginning in ’99 and then an equally gentle glide up to ’07 on a graph that era looks like a hammock. However, the overall trend was downward. Pat ’07, the trend has been a not so Henrik downward glide path.
The “how” is ridiculously complex. Money policy and the housing bubble, tax policy and the cost of the war, borrowing from”China” and our failure to secure our on energy sources you can mix them all and add any number of other causations. The big problem we Americans have is that we want it all, we want it now and don’t give a damn about the real costs.
Probably because you are just too stupid to have differing opinions than what your Gods Sarah “Too stupid for the real world” Palin or Sean Hannity tell you think..many of us have economically conservative beliefs but middle of the road beliefs on some social issues..but then again you honestly believe that someone years ago said..lets breed a Muslim to infiltrate the US govt, lets make him black and with a single parent..yeah, yeah thats the ticket..so after that every point you make is open to scorn and laughter..im sure you are use to it by now..
Many people want the character and success of a Conservative…but they cannot stand up to the hate and persecution. So they pander and capitulate to pop culture and the liberals to be liked and heard…FITS has some of those same tendencies…Boz Is textbook of one who wants so badly to be relevant, w/ nothing to offer in the way of insight or creativity…
Also: Note the level of HATRED from the liberals on here. I BET they would physically harm me, murder me, if they could…They are that shallow and lacking in stature…
These are very intelligence-poor people…who act on emotion, and are not used being defined for who, and what, they really are…They are use to being patted on the head for being nice little lockstep liberal lemmings…
Liberals, as these idiots indicate, are truly like Hitler or Stalin. They are wrong, hateful…and would exterminate people who call them out for the pieces of $#!t that they are…if they could…
They are very dangerous if not checked…
An award winning synopsis of the depraved liberal mind.
You’re obsessed with me. That creeps me out.
Good points all. The problem is a little thing called the US Congress.
Jack you missed the exorbitant taxation on the same middle class for most off that period.
POLL: TROOPS TURN ON COMMANDER IN CHIEF; DEEPLY UNPOPULAR
BOEHNER SLAMS OBAMA IN BRUTAL FLOOR SPEECH…
Looks like the political winds have shifted, and FITS is busting his @$$ to try to blow off the right politicians, again…LMAO….
Again, Tango can’t keep the dicks out of his head…
Damned Tango is the avatar of spiritual dickery.
“spiritual dickery..” Instant classic.
or his mouth…
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If you’re running a small business that counts on international sales for at least one third of your orders,you’re up the creek.I haven’t heard much talk about this,but USPS shipping rates to other counties are outrageous,and will likely kill your business.
Being used to subsidized mailing rates as a deployed Soldier, I had never thought about that until six months ago when I walked in to the post office to mail a package to a friend in Thailand. It was a box full of stuff that made his luggage over weight, maybe forty pounds. The airlines wanted several hundred dollars in overage fees and I figured the USPS would be much cheaper – hah! USPS wanted four hundred dollars. The box sat on a shelf in my garage until the friend came home on furlough…
Innovation died when libertarians gave up meth and started taking the week-end off.
Are you talking about Steve Jobs?
I thought trickle down economics would lead us all to jobs and prosperity?
McJobs for some, prosperity for others.
REAGANOMICS WORKS!
It did until 1999.
What was Bush’s REAL lowest unemployment rate..and what year was it…???
Is it a secret or are you going to tell us?
This all started in the mid-80’s with the you have to have a college education to ever make it in the world scare. Most of the innovative people I know have high school or lower degrees and can actually work with their hands outside of a keyboard. Now we’re stuck with a bunch of Starbuck employees with graduate degrees and have to search to find a plumber or mechanic who’s worth a damn.
You are clearly in touch with the younger generation and have it all figured out, Hip Old Person.
I work at a university and see the slugs strolling across campus everyday. I’d estimate 50% are seeking degrees that will qualify them to make coffee at Starbucks.
Why no discussion of the”Kansas Miracle?”
Yes, what about Brownback’s economic miracle? Where are the Tea Party supporters touting this? GrandTango, Flip, Bible Humper?
Brownback’s miracle is that he kept his job. Probably best for the rest of us that Kansas quarantines him to their state only. Way to take one for the team bros.
Hay! I watch Fox. Never heard of Kansas. Is it in the United States?
Brownbacks? Let them go extinct.
More disturbingly…why the fuck did Kansans re-elect him? Even more that that…why the fuck did we (not me) re-elect Haley…or any of the GOP douchebags we have?
I guess S.C. likes living in hog squalor.
Go figure. America elected a American hating, Radical Islam loving Muslim named Obama 2x.
I guess the USA likes living with a ‘hog squalor’ POS occupying their wHite House. I can’t imagine the stench in that place. It will have to be fumigated.
Ahhh…the sickly sweet stench of good ole Southern racism. Just like grandpa used to make.
What does fumigating the wHite House have to do with racism?
You are saying black people smell. Specifically the president.
No. Michelle said Barry smells-not me:
Michelle Obama says Barack has Body Odor – YouTube
? 4:52? 4:52
http://www.youtube.com/watch?v=mqq6EwcgyWk
Oct 5, 2008 – Uploaded by artifishalMichelle Obama tells Glamour magazine that Barack Obama is kicked out of bed because he stinks!
You might like my BROKEN MIRROR AND CYCLOPS comment above. I can swing both ways in my political but not sexual orientation.
Sooner or later, America is going to come up with the next big “thing” that everybody wants, and we will start making it. But you can never say when or where. And we’ve got to stop making it easy for other countries to make that “thing,” whatever it will be.
“…. Been down so long it looks like up to me …”
Remember kids, innovation only comes from for-profit businesses! Definitely not educational institutions, scientists, inventors, upstarts, and so on, that may rely on pesky statist things like government funding! Because, if innovation did come from those latter things, then people might question why conservatives and libertarians want to butcher funding to “pseudo” innovators, as we have been doing over the last several decades, and which clearly is reflected in many different studies across the world.
The real question is, how can we grease the palms of billionaires via tax breaks, decreased regulation, and more free funbux via subsidies to increase, um, err… “Innovation!”
Obscure statistic cherry picked to fit fitsnews narrative.
So we are 12th behind a bunch of small countries.
Focus the rage Fits. The economy is improving…but only for the monied class.
Income inequality is the real enemy here, and before you label me a pinko communist…ask yourself when’s the last time you got a raise? Has your employer raised your health insurance premium again. Has your employer decided to combine both sick and holiday leave into just “leave with pay”? Have you calculated how many years it will take of work on your salary to retire with even enough to avoid going on welfare at 3.5% being fed into your crappy 401K?
Simple fix. Aggressively tax high income earners and corporations. The path is clear but the way is blocked (i.e. US Congress).
Fine! How about a whooping big tax cut for the poor instead?
Looks a lot worse when you start the vertical axis chart at 7%.
——– “The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity. Countries such as Hungary, Denmark, Finland, New Zealand, Sweden, Israel and Italy all have higher startup rates than America does,” Clifton wrote.
I have tried to find where Clifton got this data. What other countries are we behind? Who are we ahead of? Everyone is quoting Clifton but there is no reference and a search predating his statement comes up with nothing.
“The percentage of new businesses created (in 2008) was smaller than the percentage of businesses that closed down,” Gallup’s Benjamin Ryan noted.
THAT WAS 2008!!! — 2008 —- YOU REMEMBER THE FINANCIAL MELTDOWN
Excellent!
Btw: generally, those countries rising in the “new startup” list have a standout characteristic … They all have flat or close to flat income taxes.
Obamacare to the economy was like a middle aged man suddenly adding 30 pounds of weight. It held him back for a few years and still slows him down but he has kinda gotten used to it.
In a free market, you have the inalienable right to fail. Your innovation may be bought out and kept off the market, to be “invented” by the buyer later, your saddlery may lose out to the horseless carriage. The adding machine and slide rule may well remove rows of desks of clerk from managing data as more advanced computing engines further outdate existing methods.
Now where can I have this Royal typewriter cleaned and get a new ribbon or two for it?
RE: “the center cannot hold”
A Yeats reference is always welcome.
****
THE SECOND COMING
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the center cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: somewhere in sands of the desert
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
— William Butler Yeats, January 1919