General Discussion
In reply to the discussion: I read this last night and it sent shivers down my spine – prophetic! [View all]truedelphi
(32,324 posts)Most people in this country are woefully un-educated about economic matters.
And most people pride themselves on the notion that "These economic policies are beyond my understanding."
This is not a matter of "education" as far as college degrees and school certificates. I have two friends with PHD's who tell me they don't care to figure out economic matters.
So we are now in a situation where people voted for the Lesser Evil, even though that Lesser Evil gave Tim Geithner and Ben Bernanke the keys to the economic kingdom.
If people understood what these two men have done, and how the DOJ has pretty much looked the other way regarding any type of real justice for those who perpetuated the fraudulent economic situation, then there would be a total change.
And anyone paying attention can find out what is happening. The two people I mentioned above do not work quietly. Geithner has traveled all over the world, to many many economic summits, where he officially tells the assembled foreign ministers that "Obama works for me." And judging from what has gone on, with the banks and large financial institutions now receiving some 49 cents out of every dollar of profit generated in this economy, it is clear that Geithner's statement is true. (In my parents' day, back in the sixties and seventies, only eight cents out of every dollar went to financial concerns.)
But when you have the people that are closest to the President being Immelt, Geithner, and Jamie Dimon, it isn't surprising that the the middle class is being extinguished, bit by bit by bit. Already 12 million people have been foreclosed. And there is no real way to bring the middle class back, until there is a huge shift in who runs the country. As long as 49 cents out of every dollar of profit gets to go to the banks, the middle class is in hell.