Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, December 28, 2007

yet another cnbc crank

I love that those over privliged pompas tubby mornons on CNBC think somehow they are middle class. They wouldn't know middle class if it hit them in the head.......

AMT, and how the Bush Tax cuts helped them...

lets run some numbers.

average wage per hour $18
median wage 2006 24,891.59

This doesn't look to bad people can live on 2 thousand a month, 1 thousand for a house payment, 1 thousand for expenses.... sounds fine, you get 2 wage earners and you can get a decent house for 2k and 2 k in expenses... it's middle class...

Oh.... Wait!!! that includes benefits.
well how much are benefits. Half assed medical, and other limited benefits come to $10,000 per year. That is $10 per hour, and

So, people are making $8 per hour with bennifits.
or $14K per year.

Well what is that..... $1166 per month... oh, hmmm well cheep rent and some frugal living. $700 in rent $400 for expenses... I guess that is doable, assuming you eat a lot of canned beans and are a wonder with grains... and keep in mind the $100-$200 gas bill. That is awefully frugal living, and perish the though there is some large purchase or expense.

with 2 people that is a $1200 home payment, $1100 in expenses...... Seems fairly Sparse...

Bet let me just let CNBC in on something, they benefited almost 0 from the bush tax cuts, and probably were hurt. These people have no Retirement, and were just thrilled to be able to afford a decent TV.

It was one thing when bennifits were $3K per year and the rest could be taken home.

SEEMS LIKE A FAIRLY LARGE DISCONNECT FROM WALLSTREET TO REALITY.(admitted, CNBC isn't wallstreet)

Just remember when you talk about the middle class in this country... they make $8-12 bucks an hour pluss bennifits. or $15-22 without.

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