Welcome the immigrants, expel the millennials

From HousingWire:

Immigrants becoming most important group for housing?

The homeownership gap between immigrants and the native-born is closing as more foreign-born U.S. residents move towards buying homes, according to a new report from Trulia.

Trulia used the U.S. Census Bureau’s Current Population Survey and American Community Survey data for this study. For calculations involving the American Community Survey data, the company used five-year 2014 data.

Not only are immigrants closing the gap, but states where immigrants resided in the U.S. for longer periods of time also have higher rates of immigrant homeownership, according to the report.

While those born outside the U.S. still lag behind those born in the U.S., the homeownership gap has been shrinking since 2000. The gap now rests at 15.4 percentage points, down from 20.7 percentage points in 2001.

The homeownership rate for those born in the U.S. remained roughly unchanged from 1994 to 2015, however the rate for immigrants increased 2.3 percentage points.

This entry was posted in Demographics, Economics, National Real Estate. Bookmark the permalink.

127 Responses to Welcome the immigrants, expel the millennials

  1. Grab them by the puzzy (the good one) says:

    @Chrislhayes

    Reince apparently is having sleepless nights.
    To which I say:
    welcome to the club.

  2. Grab them by the puzzy (the good one) says:

    @toddzwillich

    Yet Trump is priming his supporters to believe the election was stolen from them by a cabal of Jews, blacks, bankers and media 6/

  3. Essex says:

    Welcome to America. Home of the Whopper.

  4. D-FENS says:

    Christie still hasn’t signed the gas tax bill and some Democrats in the State legislature are voicing their displeasure on the radio this morning.

    Can he line item veto the gas tax portion of the bill? I wonder why he’s hesitating?

  5. lost says:

    Maybe I’m wrong, but I think this guy is an idiot.

    He claims that free college is basically robbing from the future to get money now? WTF? He has it all backwards. No idea why he is thinking like this, but he is dead wrong. You are not robbing from your future to get paid now, you are investing in the future. The idea is to invest in your education so that you become more productive in the future paying back this initial investment 10 fold. So I’m assuming he is for holding back America, keeping them less educated, and thinks the idea of investing in the increased productivity of your citizens is a waste of time. What an idiot.

    chicagofinance says:
    October 13, 2016 at 1:50 pm
    you know….skip forward to 34:30……that really hits it good….

  6. Grab them by the puzzy (the good one) says:

    @Nouriel

    Trump-Hitler starts using Antisemitic Neo-Nazi language warning of a conspiracy of global bankers out to destroy USA & enrich themsleves

  7. lost says:

    This is a re-post from last night. Just looking for opinions on this. Cheap labor was available (extremely cheap to be quite frank), but they chose the most expensive labor in the world during the time, and America was better for it, as was the world. So why change the tune. My reasoning, one greedy corporation saw the low hanging fruit of easy profit by taking advantage of basically slave labor. Since they took it, every other company had to do the same to compete. The result is the race to the bottom for American workers. Good job! Destroyed the greatest consumer market in the history of mankind along with one of the greatest societies to ever grace this planet. It really didn’t have to be this way, but choices were made.

    These same people were available for cheap labor during that same time period. Hell, I would argue that the availability of cheap labor was much more during this era. So why is it that the United States businesses were able to pay so much to their workers and still profit, while having an over abundance of third world labor to take advantage of? If you didn’t have to use the “cheapest” mode of labor back then, why do we have to now? Why do we now “CHOOSE” to use the cheapest labor available? Why didn’t we “CHOOSE” the cheapest form of labor back then?

    And here in lies the problem with income inequality today. We “CHOOSE” to profit at the expense of the working class today. We did not have this mindset back then. So we are basically eating ourselves from the inside out with terrible business choices driven by greed and sold, or I should say shoved down our throats, on the basis of competition.

    “There’s Chinese, Indians and Mexicans willing to do the same job for pennies on the dollar and Vietnamese and Africans willing to work even cheaper. That doesn’t even factor in the complete absence of meaningful worker protections and environmental regs etc. in those jurisdictions.”

  8. Ben says:

    He claims that free college is basically robbing from the future to get money now? WTF? He has it all backwards. No idea why he is thinking like this, but he is dead wrong. You are not robbing from your future to get paid now, you are investing in the future. The idea is to invest in your education so that you become more productive in the future paying back this initial investment 10 fold. So I’m assuming he is for holding back America, keeping them less educated, and thinks the idea of investing in the increased productivity of your citizens is a waste of time. What an idiot.

    There is no worse idea than free college. If you wanted to make the community colleges free, I wouldn’t care. As far as a traditional 4 year private or even public university leave it alone. When I taught at Rutgers, my very best students were the people in their mid-30s who never went to college and were now going on their own dime. Because they paid for it out of pocket, they took it 10 times more seriously and go so much more out of it. These were people who were busy raising 2 or 3 kids at the same time. Despite the fact that the 19 and 20 year olds had a lot more brainpower, these people learned a lot more and gave me much better work. If the kids weren’t paying for their school, they tended to not take it as seriously.

    Fast forward to this idea of free college for everyone…I can’t wait to see how bad it would be if college were free. Me personally, I’d be on the other end of the spectrum. I live 5 minutes within 3 colleges. I would sign up, skip class, take tests, and collect degrees for fun.

  9. nwnj3 says:

    It’s always funny to see who easily the sheeple(eg anon) are steered and manipulated to suit the agenda of politicians. 3-4 years ago this moron was down on Wall St protesting now he’s joined the globalist banker, neocon, Koch Bros coalition. Simply amazing…

  10. Essex says:

    Totally agree Ben. Make the loans less predatory though. Low fixed rates. Flexible repayment terms.

  11. lost says:

    Ben, good point and I tend to agree with you.

    I’m not advocating for free college education, but was making the point that it really was not robbing from the future like this man was insisting. If you take advantage of the free education, it is nothing more than one of the best investments you can make.

  12. D-FENS says:

    Filmmaker Dinesh D’Souza reacts to Clinton campaign leaks
    Oct. 14, 2016 – 3:10 – Creator of ‘Hillary’s America’ responds to alleged comments about Catholics

    http://video.foxnews.com/v/5169869584001/filmmaker-dinesh-dsouza-reacts-to-clinton-campaign-leaks/?#sp=show-clips

  13. Chi says:

    regarding free college. The more you subsidize the higher the price gets.

  14. Grab them by the puzzy (the good one) says:

    like in most rich western countries college should be free. it is also a time for 18 yr olds, all of them, to get drunk and have lots of s ex.

    there will be plenty of time to become an old fart like Ben with kids, an unaffordable mortgage and the GOP. free college is the minimum that a young person should receive in exchange for a lifetime of taxation to pay for wars in Iraq.

    fukc angry fascists relentlessly wishing to oppress the young

  15. 3b says:

    If there is free college I want to be reimbursed. I paid for my kids. No loans either.

  16. grim says:

    What is tuition at PCC, MCC, or BCC these days?

    I suspect nearly free.

    Why aren’t more people taking advantage of this?

    Wasn’t this the whole point of CC?

  17. Grab them by the puzzy (the good one) says:

    like our military industry

    Chi says:
    October 14, 2016 at 8:36 am

    The more you subsidize the higher the price gets.

  18. Essex says:

    i wouldn’t wish community college on anyone.

  19. McBox says:

    Wikileaks is out!

  20. lost says:

    Wanted to add a little to my post at 8am.

    The owners of business saw the gold at the end of the rainbow. Less spending, more profits. It’s no longer America first. Globalization is the big dream.

    Globalization=even more opportunity for profit by the owners at the expense of the workers. And that’s where the world economy is going wrong today. That’s the reason for some much stagnation with an every growing population. Bottom line, globalization has been a disaster for workers. It has lead to a much lower avg wage for the entire world ( i know some workers are better off) that is killing the economy by taking away buying power, which results in less demand, and more stagnation.

  21. D-FENS says:

    2 years in CC then transfer to a state school. That’s the best deal going.

  22. D-FENS says:

    Grim, to answer your question…it’s because lots of people say things like this:

    Essex says:
    October 14, 2016 at 8:57 am
    i wouldn’t wish community college on anyone.

  23. grim says:

    I see, it makes perfect sense.

  24. grim says:

    Lost – why do you ignore the entire demand side of the equation?

  25. Not Lost says:

    To your comments about globalization and the corporate state.

    Several things you are ignoring.

    They could not globalize because there was Communism and a bit earlier Fascism out there in the world. Both of these were very nationalistic – Franco’s Spain practiced Autarky until his death, same for North Korea now.

    In the US, there was the labor movement. The labor movement got its behind kicked all the time until the mob took it over. Best story about this was the Dallas Ford plant. The UAW could not get in town because the Ford goons would beat them up. The New Orleans mob boss Carlos Marcello sent in a team that rough up the goon allowing the UAW to get in and unionize the place.

    So remember is never about “good will” or “good intentions” is about what you can get away with. That is why Corporations worldwide have rigged it their way. In their way to a total Corporate “State/World” there are obstacle. Soft obstacle like culture see Korean and Japanese entities that value social harmony and loyalty to their countrymen over profits. Strong obstacle like the State Corporatism/Strong State of Putin & the Chinese Communist Party. Emerging obstacles like the Bernie egalitarianism/Trump nationalism.

    At the end is always, what you can get away with.

  26. Raymond Reddington says:

    Govt college loans lead to leverage which leads to higher prices. You are now seeing the pressure put on private schools that are feasting on govt dollars and not producing. Now those same institutions want to latch on to your property tax like a tick in the form of charter schools.

  27. Fast Eddie says:

    i wouldn’t wish community college on anyone.

    What an asinine statement.

  28. Raymond Reddington says:

    Online college should be inexpensive but it is not. It’s not the cost, it’s what the market will bear. Online college can be done with cloud computing. A physical campus is expensive to run in comparison

  29. lost says:

    Grim, just like you don’t want to overpay an employee because it destroys the balance in the equation. You don’t want to underpay either, for the same reasons. The economy will never be perfect, it will be a constant fight as the balance shifts from one side to the other. I just wish we were smart enough to see the big picture and bring a balance that works for everyone.

  30. Joyce says:

    What the market will bear… with govt loans programs as far as the I can see

  31. 1987 Condo says:

    For $80, my daughter can “CLEP” out of 6 credits of electives next semester. That is cheaper than even BCC or MCC

  32. Ottoman says:

    Not exactly. As I’ve said before, the most prosperous time for the American middle class was the time after the New Deal until the 1970s. According to Piketty that short 40 year period was an anomaly — and only existed because of a few worker won rights. He says that the income inequality we have now is actually the norm in human history.

    Anyway, one of those worker rights was the National Labor Relations Board which oversees unionization and the like. Of course corporations were never happy with the loss to profits that resulted from workers rights so they colluded in the mid 1960s to infiltrate the NLRB and reshape it in their corporate image. GE, Sears, Macy’s, Ford, AT&T were involved along with a few others. Once they got their lackeys on the board, they began reversing the pro worker judgments from the previous decades and they set their sights on other government boards.

    The dipsh!t mental patient right wing Federalist society morons — those folks who think blacks are still 3/5ths a person because that’s the original constitution — have done he same thing with the courts, quietly packing them with the most extreme right wing ideologies they could find. Four of the current Supreme Court justices are Federalists, so was Scalia.

    Red State legislatures gerrymandering and passing voting restrictions are some of the tools they use to accomplish these goals. What’s funny is that the dumb fvcks on this page bellyache about the state of the country when most of the stuff they complain about has been caused by the right wingers they support. They control most of the state’s, the courts, and the federal legislature.

    “My reasoning, one greedy corporation saw the low hanging fruit of easy profit by taking advantage of basically slave labor. Since they took it, every other company had to do the same to compete. The result is the race to the bottom for American workers.”

  33. Ottoman says:

    Yes, waiting 15 years into your adult life to get a college degree sounds like a shrewd move.

    “When I taught at Rutgers, my very best students were the people in their mid-30s who never went to college and were now going on their own dime.”

  34. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    “Because they paid for it out of pocket, they took it 10 times more seriously and go so much more out of it.”

    I am a perfect example of this. When my parents paid for my freshman year (well sort of, it was all of the monetary gifts I received as gifts from birth until then over $10) I ended up on residence life and academic probation. When I was forced to pay myself during my sophomore year on, I made Dean’s List the entire time and eventually worked my way up the ranks of the Residence Life job ladder (desk assistant to resident assistant to building assistant manager which provided my free housing). I went on to two years of grad school since it didn’t cost me anything except a lot of time in the residence halls and computer labs (where I essentially studied).

    You can compare this to the problems with section 8 housing and other welfare. Why not behave like a derelict on someone else’s dime? The inner city dregs, beholden to the Dems, will never bust out of the cycle of poverty. Not when the government continues to provide them the means to survive. I know a handful of people who have made it out. Most of them through the Upward Bound program (only qualify for the program by busting your ass in a poor school district). I honestly never met a single kid at Montclair State who didn’t drop out by the end of the their sophomore year who was on EOF ( income based only).

    As for community colleges, you guys can make fun of them all you want. They are my recruiting grounds for the hardest working and smartest workers. I know. Every Summer I took three credits at MCC in one of those accelerated 3 week 1/2 day, 5 days/week courses. Those students were twice as intelligent and twice as hard working as the my (lack of) competition up in MSU. All were immigrants, except for the occasional high school fukc-up.

    I do not blame the African American for their plight. I blame the Democrats for making it so difficult for them to get out of those cities. And yes, there are poor white folk also in the same predicament. But as a percentage compared to the rest of their race? Fugedabout it.

  35. joyce says:

    Ottoman

    If you despise everything posted here and ever so rarely respond to any questions, why are you here?

  36. Juice Box says:

    If someone is not really sure quite what you want to be or study when they at looking at colleges then they should take the community college route, don’t bother getting that Communications or Fine arts degree that could cost $160,000.

  37. Fast Eddie says:

    They control most of the state’s, the courts, and the federal legislature.

    Your time is coming. All branches of the Federal government will be in the hands that you’re tethered to and the soup lines will be wide open! Flat screens, housing, cell phones, open forums for every social cause that every warped mind could conjure will be approved without resistance. You’ll then be able to wile away the hours among the layabouts as the well slowly drains.

  38. Fast Eddie says:

    Yes, waiting 15 years into your adult life to get a college degree sounds like a shrewd move.

    No words.

  39. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    “Yes, waiting 15 years into your adult life to get a college degree sounds like a shrewd move.”

    It sure is when you can get your company to reimburse you for the tuition.

  40. Juice Box says:

    Cognitive dissonance manifesting itself with physical and psychological symptoms.

    Even after you vote you won’t feel better.

    CHICAGO (CBS) – Researched showed Thursday that the 2016 Presidential Election can be causing people headaches and illness.

    Clinical Psychologist, Dr. Sheila Raja is not shocked by the survey, stating more than half of Americans are significantly stressed by the presidential election.

    The American Psychological Association said men and women, both Democrats and Republicans feel the pressure nearly equally.

    About 38 percent of adults said a source of that stress comes from the bitter words between candidates, which are then adopted by others and shared 24-7 on social media.

    The survey added that millennials and older voters are the two generations most stressed.

    The people interviewed just finished early voting. Most said that did little to lower their stress levels.

    http://chicago.cbslocal.com/2016/10/13/study-reveals-2016-presidential-election-causing-people-stress-and-illness/

  41. chicagofinance says:

    Without going into tons of detail…..technology and communication? What? Everything is static for 60 years? You can text someone on a shop floor in China and get a response in under a minute…..heck, you can have real time video monitoring…..also, any repetitive task has either been mechanized or else compensated relative to the value of the specialization…… come on…. think a little and don’t be so quick to ignore the obvious because it does not agree with your moral argument.

    lost says:
    October 14, 2016 at 9:01 am
    Wanted to add a little to my post at 8am.

    The owners of business saw the gold at the end of the rainbow. Less spending, more profits. It’s no longer America first. Globalization is the big dream.

    Globalization=even more opportunity for profit by the owners at the expense of the workers. And that’s where the world economy is going wrong today. That’s the reason for some much stagnation with an every growing population. Bottom line, globalization has been a disaster for workers. It has lead to a much lower avg wage for the entire world ( i know some workers are better off) that is killing the economy by taking away buying power, which results in less demand, and more stagnation.

  42. joyce says:

    Yes, it is. The current populace wants something and doesn’t want to pay taxes for it, so we borrow and only pay interest. The future generations will pay this and higher interest for past services rendered.

    lost says:
    October 14, 2016 at 8:30 am

    it really was not robbing from the future like this man was insisting.

  43. Juice Box says:

    re: “the income inequality we have now is actually the norm in human history.”

    Nope the norm is some form of bondage. Serfdom for the peasants for the thousand years before the industrial revolution in the 19th century, before the year 1000 your ancestors were most likely a slave of some sort that is if you are descended from Europeans.

  44. Juice Box says:

    Gerim unmod my comment posted at 10:03 AM

  45. grim says:

    I just wish we were smart enough to see the big picture and bring a balance that works for everyone.

    Vote with your dollars.

    Where do you shop?

  46. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    “Vote with your dollars.

    Where do you shop?”

    Guilty, though lately, I’ve noticed the quality of most American Made products far surpass that of our Asian counterparts.

    I’m looking at new three season radials for my Mazda 6, was surprised to see the majority of the highest rated tires from both Michelin and Continental are still made here. The old tire I loved (Cross Contacts) have moved production to Mexico and they suck now apparently.

  47. yome says:

    We need to agree not everyone is mold to be a College material but we need to offer more free College for the deserving. A certain score on the College Entrance Test will qualify for a Government Sponsored 4 year Scholarship with a certain Grade to maintain to keep the Scholarship for everyone. We need to invest for our future and education is one.
    We do it for Sports. Why not for all deserving students? The rich will benefit more,will be the argument. The poor needs to work twice as hard to keep the grades. We need to stay with” keep the grades and you keep the Scholarship”.

  48. grim says:

    Everything I have on my body as of this moment is made in USA, and I gladly paid a premium for the clothing.

    I do not shop in big box mart.

  49. grim says:

    What lost fails to realize is that American consumers are hell bent on destroying American labor.

    To the extent that they will buy a foreign product to save pennies, or will shop at big box mart to save a few pennies.

    They would gladly boycott their neighborhood merchant to go on walmart shopping spree. They are actively supporting they very behavior they are screaming about.

  50. Juice Box says:

    My Goodyear tires are made in Napanee Ontario Canada just east or Toronto at their flagship plant where it is below zero right now.

    Forterra brand I get about 65k miles on them, always rotate at 10k miles!

  51. Juice Box says:

    Grim – saving pennies? Bah!!! You forget the banks and their credit. Most American’s are massively leveraged. Your local five and dime store isn’t going to give you a $10,000 line of credit with 48 months zero interest.

  52. chicagofinance says:

    but you are a metrosexual….

    grim says:
    October 14, 2016 at 10:21 am
    Everything I have on my body as of this moment is made in USA, and I gladly paid a premium for the clothing.

    I do not shop in big box mart.

  53. D-FENS says:

    They don’t do it on purpose you numbskull. Obviously Ben’s point went right over your head.

    Ottoman says:
    October 14, 2016 at 9:43 am
    Yes, waiting 15 years into your adult life to get a college degree sounds like a shrewd move.

    “When I taught at Rutgers, my very best students were the people in their mid-30s who never went to college and were now going on their own dime.”

  54. Juice Box says:

    re: made in USA? You sure?

    Nearly 100 percent of all apparel Americans use is imported, and 52 percent of textiles Americans use are imported.

  55. D-FENS says:

    It’s nearly impossible to buy everything you need made in the USA. Grim, didn’t you just buy an HR-V? I think they’re made in plants in Mexico and Japan…(from global components).

  56. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    You know…there could be an excellent shopping portal opportunity for people who want to buy only American. Americamazon.

  57. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    It’s gotta gain more traction than my Bye Bye Baby abortion clinic chain!

  58. No One says:

    lost=pumpkin=michael

  59. yome says:

    Criminal summons for Fat Boy over Bridgegate
    A New Jersey judge is allowing an official misconduct complaint against Gov. Chris Christie to move forward in the legal drama over his alleged role in the lane-closure scandal known as Bridgegate.

    Bergen County Judge Roy F. McGeady signed a criminal summons against Christie on Thursday morning, ruling there is probable cause to investigate a complaint of official misconduct against him.

  60. Essex says:

    9:50 – Asinine to the fifth power.

  61. Essex says:

    It’s fun to watch the cognitive dissonance spew forth here.

  62. Juice Box says:

    Christie is screwed. This guy looks like he could kill.

    http://www.bcpo.net/index.php/home/meet-the-prosecutor

  63. lost says:

    Do you want growth or stagnation? There has to be a balance in the profit/labor costs equation. It is not good to become so efficient that you bring your labor costs down to almost zero. How are you going to command growth in the economy if people don’t have money to spend? Exactly how is a customer supposed to support the economy if they don’t have the capital to support it?

    chicagofinance says:
    October 14, 2016 at 9:56 am
    Without going into tons of detail…..technology and communication? What? Everything is static for 60 years? You can text someone on a shop floor in China and get a response in under a minute…..heck, you can have real time video monitoring…..also, any repetitive task has either been mechanized or else compensated relative to the value of the specialization…… come on…. think a little and don’t be so quick to ignore the obvious because it does not agree with your moral argument.

  64. Comrade Nom Deplorable, verbally armed and dangerous says:

    Sweeney not running for governor. Apologies if this is old news.

  65. 1987 Condo says:

    Is no one old enough to realize this was the exact same conversation we had in the 80’s…..??
    (Allentown by Billy Joel anyone?…my Hometown by Springsteen?)

    I have to live through this a second time?

    All I know, more BMWs around this time than last time!!!

  66. STEAMturd questioning the gender of Hillary's Cankle fluid. says:
  67. Comrade Nom Deplorable, verbally armed and dangerous says:

    Juice,

    My insider (who doesn’t like the Fat Man) think that the crim complaint is bullshiite.

    Not my realm so I stay out of it.

  68. chuck Kallop says:

    I suppose “immigrants” mean legal immigrants, not illegals.

  69. lost says:

    Capital is meant to play a major roll in the capitalist economy. If the velocity is not there because too much money is on one side of the equation, that’s not good for anyone. Balance is everything.

    We see in history, that the best economic growth the world has ever seen was the result of sharing profits more evenly with the labor side. You can’t deny this. From the 1800’s to 1970, the economy grew the faster the profits were shared. Previously, all profits went to the top, and you see how good that growth was, it was almost nonexistent during the era of absolute monarchs.

  70. Comrade Nom Deplorable, verbally armed and dangerous says:

    Joyce,

    “The future generations will pay this and higher interest for past services rendered.”

    Plan accordingly.

  71. Comrade Nom Deplorable, verbally armed and dangerous says:

    LeSean McCoy to line sidelines with cops to tick off Colin Kaepernick. That should be a photo op.

  72. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    I think that prosecutor filled my gas tank last night.

    I’ll be here all day folks.

  73. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    I think if Fatman is guilty, they would have got him by now. He has few friends.

  74. Essex says:

    look at it this way, if Kwistie is tied up in court, that less time for him to govern NJ off a cliff.

  75. Essex says:

    “Lost” found the place, apparently.

  76. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    That’s fair. NJ’s an ungovernable mess anyway. Too much government and regulation here. The people accept the corruption. They deserve it.

  77. grim says:

    Christie appointed that prosecutor.

  78. grim says:

    Grewal said in a statement that he was “extremely honored and humbled” to be nominated by Christie.

  79. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    I know. What a wonderful coincidence. Though I definitely don’t think he planned the lane closings. Even if he found out during the debacle, he wouldn’t get more than a slap on the wrist. It’s not like he received any material gain like our congressmen get busted on all of the time.

  80. grim says:

    Which side of the bread do you butter again?

  81. joyce says:

    The legislature and future governors don’t want a precedent set that a governor can actually get in trouble.

    STEAMturd questioning the gender of Hillary’s Cankle fluid. says:
    October 14, 2016 at 11:34 am
    I think if Fatman is guilty, they would have got him by now. He has few friends.

  82. Juice Box says:

    Grim – makes no difference who nominated him he practices Sikh Rehat Maryada.

    Christie is screwed, this guy won’t be swayed.

  83. HEHEHE says:

    Starting in the 1970’s China decided that they wanted to model their economy to be more like Singapore’s. Authoritarian government running a capitalistic system.

    U.S. and other Western corporations heralded this as an opening to 1 billion new consumers to buy their products – at least that’s what was claimed in the press.

    The reality is that while the Chinese needed foreign investment and entrepreneurial know-how from US corporations, the US corporations realized that their long-term existence was going to rely on the exploitation of the cheap Chinese labor for making US products.

    Otherwise they’d be competing against Chinese companies making the same products so cheap they could not compete. So say goodbye to all those US manufacturing jobs.

    Basically the average American was forced to give up a decent paying unionized manufacturing job for a nonunionized job in the service sector.

    The great “benefit” is now they got a cheaper TV, then VCR, then PC, then DVD player, now I-pad than they would have to purchase if the goods were still manufactured in the US.

    You can substitute Mexico for China when it comes to the automobile industry.

    Now we are on the verge of a new revolution in robotics and AI that’s going to put most of those manufacturing jobs out of existence for humans; and then they’ll gradually whittle away on the service sector jobs too.

  84. Grab them by the puzzy (the good one) says:

    an married, not able to date defeats the purpose of going

    Ottoman says:
    October 14, 2016 at 9:43 am
    Yes, waiting 15 years into your adult life to get a college degree sounds like a shrewd move.

  85. chicagofinance says:

    BROCKTON, Mass. – Mom always said to stay away from drug addicts, and maybe this is why. A local woman thinks an addict stole her mother’s ashes from the glove compartment of her car, figured it was drugs and snorted mom. The woman tells The Enterprise that she had plenty of valuables in her unlocked Jeep on Monday, such as a gold chain, expensive sunglasses and money. But the only thing taken was the little white box, the remains of a 71-year-old who died in July. The daughter, who had been spreading the ashes around some of mom’s favorite places, says it is “mortifying” to think someone is now sitting around with his giggling pals, passing around the box and wondering why they aren’t feeling anything. She asks for whatever remains are remaining to be returned. No questions asked.

  86. Juice Box says:

    re: “spreading the ashes around some of mom’s favorite places”

    There is a park in Hoboken where someone I know dumped his dad’s ashes, he said his dad wanted to be part of the town he grew up in.

  87. HEHEHE says:

    ” So why is it that the United States businesses were able to pay so much to their workers and still profit, while having an over abundance of third world labor to take advantage of? If you didn’t have to use the “cheapest” mode of labor back then, why do we have to now? Why do we now “CHOOSE” to use the cheapest labor available? Why didn’t we “CHOOSE” the cheapest form of labor back then?”

    Back in the 1920’s-1930’s international trade was less open, tarrifs were higher, transportation of goods internationally was less efficient, low-wage countries like China, Mexico, etc. had little or no manufacturing infrastructure in place nor corporations or entreprenuers willing to shell out the money to pay for putting it into place.

    US corporations had a cheap, exploitable, and willing workforce.

    Not arguing that Unions helped establish better pay and working conditions during that time period.

    Just arguing the world has changed.

  88. chicagofinance says:

    HEHEHE says: October 14, 2016 at 11:49 am – he posted most of my response….essentially we have been put in competition with an economy which is run centrally and who’s leaders consider human life fungible…..if the U.S. corporations don’t adapt, the entire country will be crushed……

    Look…..I completely understand your point of view and I can see where you derive your opinion, but I just don’t think that you are considering all the relevant facts out there………there are plenty of things about the U.S. that are unfair, immoral and disappointing, but in a fair comparison with every other country, we literally kick the sh!t out of everyone by a wide margin……

    lost says:
    October 14, 2016 at 11:15 am
    Do you want growth or stagnation? There has to be a balance in the profit/labor costs equation. It is not good to become so efficient that you bring your labor costs down to almost zero. How are you going to command growth in the economy if people don’t have money to spend? Exactly how is a customer supposed to support the economy if they don’t have the capital to support it?

    chicagofinance says:
    October 14, 2016 at 9:56 am
    Without going into tons of detail…..technology and communication? What? Everything is static for 60 years? You can text someone on a shop floor in China and get a response in under a minute…..heck, you can have real time video monitoring…..also, any repetitive task has either been mechanized or else compensated relative to the value of the specialization…… come on…. think a little and don’t be so quick to ignore the obvious because it does not agree with your moral argument.

  89. Comrade Nom Deplorable, verbally armed and dangerous says:

    HEHEHE

    Invest accordingly. I was looking at ROBO today.

  90. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    “Sikh Rehat Maryada”

    That’s a sikh comeback!

  91. lost says:

    They would have been inferior products. They still would not have been able to compete. Without the technology and business know how of U.S. companies, China would be nothing to even worry about. Our corporate leaders created the monster known as china. Same can be said for India or any other place that is exploited for cheap labor.

    “Otherwise they’d be competing against Chinese companies making the same products so cheap they could not compete. So say goodbye to all those US manufacturing jobs.”

  92. Juice Box says:

    Yeah, She is a real hero for women and oppressed people.

    Subject: Transcript | 20151009 Meeting with BLM Activists

    https://wikileaks.org/podesta-emails/emailid/10095

    Here is the short version if you don’t want to read it or open the link.

    In a private meeting with Black Lives Matter on 10/09/2015 Hillary Clinton took a question from a member of the BLM group, who asked if she would be open to decriminalizing marijuana and ‘sex work’. Hillary replied by saying that she is open to it, and appeared to have put much thought into the legal mechanisms around doing so.

  93. D-FENS says:

    Hmm. Didn’t know Hillary was a Libertarian.

  94. Comrade Nom Deplume, still fcuking around at work says:

    Ahead of schedule but basically, on the intended glide path.

    “(Bloomberg) — A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.

    At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.

    Sign-ups for Obamacare coverage begin next month. Fallout from the quitting insurers has emerged as the latest threat to the law, which is also a major focal point in the U.S. presidential election. While it’s not clear what all the consequences of the departing insurers will be, interviews with regulators and insurance customers suggest that plans will be fewer and more expensive, and may not include the same doctors and hospitals.

    It may also mean that instead of growing in 2017, Obamacare could shrink. As of March 31, the law covered 11.1 million people; an Oct. 13 S&P Global Ratings report predicted that enrollment next year will range from an 8 percent decline to a 4 percent gain. . . . “

  95. lost says:

    Thanks for everyone that took the time to help me out with the question I posted. Just trying to make sense of it all and you guys are a big help.

    chicagofinance says:
    October 14, 2016 at 12:04 pm
    HEHEHE says: October 14, 2016 at 11:49 am – he posted most of my response….essentially we have been put in competition with an economy which is run centrally and who’s leaders consider human life fungible…..if the U.S. corporations don’t adapt, the entire country will be crushed……

    Look…..I completely understand your point of view and I can see where you derive your opinion, but I just don’t think that you are considering all the relevant facts out there………there are plenty of things about the U.S. that are unfair, immoral and disappointing, but in a fair comparison with every other country, we literally kick the sh!t out of everyone by a wide margin……

  96. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Come on Juice. You watched the debates. Hillary is going to be everything to everyone. Of course, it helps if you are willing to make a sizable donation and are willing to pay her husband to speak.

  97. Comrade Nom Deplume, still fcuking around at work says:

    FWIW, Mrs. DePlume is mulling a GC position at a biotech and as part of the planning for that, we are dumping her overweighted pharma portfolio. I want to be largely out of pharma before the election as I think that a democratic sweep will crush that sector.

  98. Juice Box says:

    Steam – I am totally ready for a woman president, and I would have absolutely NO problem voting for a woman for POTUS. It’s just, Hillary is NOT that woman. Honestly, gender isn’t even a factor for me. I’ll vote for a man, I;ll vote for a woman, I’ll vote for a trans testicle too given that I think they would do a good job. But Hillary is definitely NOT that she is a real turd sandwich and I am not going to eat it and like it too.

  99. grim says:

    Careful, your minimization of the first woman president is going to get you in trouble.

    Though I too think the first woman president should be elected for a reason other than her challenger is a f@ck up.

  100. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    We are a country of nearly 320 million people. How is it that it always has to be a Bush or a Clinton?

  101. grim says:

    Mrs. Obama is next up.

    I am disgusted by familial politics.

  102. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    I think Chelsea is next. But judging by her convention speech, she may not be so lucky.

  103. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    I’ve got another money maker. Thinking about opening a noodle shop (like there aren’t enough) and calling it Everybody Loves Ramen.

  104. 1987 Condo says:

    Billy Bush?

  105. HEHEHE says:

    “Thanks for everyone that took the time to help me out with the question I posted. Just trying to make sense of it all and you guys are a big help.”

    I don’t know what the answers are to our current situation. I just know the standard D.C. answer is to continue to borrow and spend our way to try and maintain the status quo and current standard of living. Unfortunately that answer has an expiration date at some point and when it comes its likely going to end in another major war abroad or one at home.

  106. STEAMturd questioning the gender of Hillary's Cankle fluid. says:

    Uncanny resemblance.

    http://tinyurl.com/J-Yellen-match

  107. Juice Box says:

    Ah finally a wikileak on New Jersey’s can of wiggly worms.

    John, Huma, Just had lunch with the Chairman and his top advisor Bill Maer. Both stressed the importance of giving the Chair his reassurances for the captioned . Presently the Chair has given the line to Hillary in 20 of the 21 counties which only assures that Joe Biden, Bernie Sanders will not be a factor in N.J. Also, all of the major city mayors are aligned with us as well. With this being the commitment , I feel that you ,John, as head of the national campaign should discuss the process directly with Chairman Currie. He and his outstanding ,loyal staff , deserve that courtesy. I will be introducing the N.J. STATE COMMITTEE LEADERSHIP /HILLARY FOR PRESIDENT TEAM to the Secretary , Thursday night. They are fully committed . They will proceed with the joint fundraising agreement . John has the support of Cory Booker, Bob Menendez, Bill Pascrell, all of the most critical county chairs, mayors and legislative leaders. We must always agree that respect is mutually beneficial. Let`s wrap this up as we have key fundraisers ready to go .

    https://wikileaks.org/podesta-emails/emailid/9846

  108. Neither homes nor college were expensive until the government got involved.

    regarding free college. The more you subsidize the higher the price gets.

  109. Grab them by the puzzy (the good one) says:

    yes, you do. Y’all have been voting GOP forever

    own your candidate mfacker

    HEHEHE says:
    October 14, 2016 at 2:27 pm

    I don’t know what the answers are to our current situation.

  110. Grab them by the puzzy (the good one) says:

    @TheStalwart

    All surreal, but *TRUMP: AIRPLANE ACCUSER ‘WOULD NOT BE MY FIRST CHOICE’ probably takes the cake here

  111. Grab them by the puzzy (the good one) says:

    @costareports

    What we’re watching:
    The worldview of Bannon & Breitbart, Stephen Miller & Jeff Sessions fully consuming the GOP, at least until Nov. 8.

  112. HEHEHE says:

    Sorry chief. Not a Republican. Voted for a couple.

  113. Is it any surprise that Slick Willy’s dilly is bent to the left? (per Paula Jones)

    https://www.youtube.com/watch?v=ZuqmVKfEJ2g

  114. Comrade Nom Deplorable, verbally armed and dangerous says:

    Why should the GOP own someone that was foisted on them by the DNC, dem activists and a complicit media? I feel no such obligation.

    That said, I will vote Trump if only to extend my middle finger to the Politburo that footrest, twitiot and Rory seek to impose on what is left of this once proud nation.

  115. nwnj3 says:

    “owning” a candidate is just a stupid notion unless you are a sheeple like anon. They’re the first idiots thrown overboard once the election is won.

  116. Comrade Nom Deplorable, verbally armed and dangerous says:

    Good interview on CNBC this morning (no idea who–I was listening on XM) and this analyst said that president likely would have no material effect on market.

    This is consistent with what I have long maintained–the position forces you to be centrist. Obama wasn’t nearly as bad as I feared he would be because he got his azz handed to him in two midterms.

    Even if the dems take the House and Senate, I think that it will revert once they overplay their hand. And Clinton will throw the twitiot under the bus a lot faster than Obama did.

    Anyway, peace out. In the car and with the fam soon, and offline for the entire weekend I hope.

  117. HEHEHE says:

    Peace and love and ROBO

  118. Paul Joseph WatsonVerified account
    ‏@PrisonPlanet
    Google Trends: The mainstream media has LOST its power to control the narrative.

    And they’re incredibly butt-hurt about it.

  119. D-FENS says:

    Wow Jill Stein says if it came down to it, she’d rather have trump over Clinton as president because he’s less likely to start a nuclear war?

Comments are closed.