MIDDLE CLASS RAPE

[clarence swinney]

EMPIRE DESTRUCTION

1980 to 2007

20 YEARS OF 3 CONSERVATIVE PRESIDENTS
18 years Conservative Senate
12 years Conservative House
6 years Total Conservative Control

Redistribution of Wealth to top 20%.

Folk! It is downhill slide for Middle Class.

FACTS---numbers rounded-

1946--1% owned 30% of Total Wealth

1980—20%--a 33% decline due to Estate Tax and High Top Income Tax Rate.

thence cometh conservatism

1989-36%

80% Increase in 8 years of Reaganism

2007--20% owned 93% of Total non home Financial Wealth

80% owned equity in homes.

Most major corporations are owned by WALL STREET RICH MEN CASINO

Five Wall Street Banks own 75% of all Bank Deposits in America. 5.

Think that is not POWER???

In 8 years of Bush with 6 years of Total Control

They (wall street rich) created a Net New Jobs of 3000 per month.

Why? That is NET. You take the new jobs created and subtract the ones sent to China, etc

3000! Wow!

Bush took over after Clinton had created 237,000 Net New Jobs per month.

Clinton left Bush a spending of 1830 B Per Year.

Bush doubled it to 3600 B.

Bush inherited a 5800B Debt from Clinton. He took it to 11,500B

20 years of 3 conservative presidents did this horrible thing.

Took the Debt of less than 1000B after 200 years and added on 8000B.

In 2009 they are spinning big time to blame Obama for huge debt.

Conservatives will spend millions to coverup their Big Recession.

Much of that 8000B Debt add-on went to WALL STREET GAMBLERS.

The people do not know what has happened to them.

Right Wingers yell Rich Pay most of taxes.

Income Taxes!Yes! They have most of the Income.

Yet! Conservative transferred much of taxation from Rich to Middle Class. Reagan voiding REVENUE SHARING a disaster for Middle Class where taxes were transferred from Rich Income taxes to Middle Class in State and Local Taxes. Was it by design?

Was it a Designed Act of taxation transfer by Conservatives.

In 2008 the Middle Class paid 30% of nominal Income in Federal-State-Local Taxes. Top 10% paid 30% also. Progressive tax system?

Social Security Tax Increase in 1983 was it designed to hit the Middle Class and ease on the rich?

Greenspan + Reagan. 6.2% Tax on Middle Class. One earns $50,000 pays 6.2%. Earns $1,000,00 pays 6.4%. Earns $10,000,000 pays 1/10th of 1%. By design to keep rich rich?

Was Destruction of S&Ls a deliberate act of wealth transfer from 400 local investors to individual Rich on Wall Street?

Key actor Michael Milken became a Multiple Billionaire with income of 550 Million in one year from raiding S&L deposits (plus) for his Rich Corporate Raiders on Wall Street.

Raiders like Perelman and Ichan became multiple Billionaires.
Sweat of Brow? Ho Ho.

Bush I had to borrow 140 Billion on 40 year bonds to pay for the raids on S&L's by Wall Streeters.
140B creates many Billionaires and Millionaires. Depositors money was used by those Corporate Raiders and bankrupted the S&L then the government pay off to depositors by Federal Deposit Insurance created Debt for Middle Class.

RAPE OF MIDDLE CLASS 1980-2007

Same ideology gave us Great Depression now Great Recession.

It is not a Depression due to:

Democratic Social Safety Nets such as
Social Security and Medicare

Only the uninformed vote to send conservatives to Washington.

Some type of Revolt will take place in next decade.

Democrats will continue to allow Conservatives with their huge right wing talk shows spreading lies to blame them.

Democrats need a national Megaphone informing all the people as to what has been done and how they have been RAPED by a few million RICH on Wall Street who have taken their Wealth.

I ask one thing.

PROVE ME WRONG. With numbers and facts not usual vile name calling

[e-mail]
author-Lifeaholic-Workaholic to Lifeaholic success
author-unpublished
All American Party-How Democrats created a great successful Middle Class and how Conservatives are determined to destroy it

available for 4 speeches

Lifeaholic--the Bible tells us what and Lifeaholic tells us how

Mr President-highly praised speech for sales organizations--how salesmen are fuel that runs business engines

Business Management Success Top Down
35 years in building and turning around businesses

All American Party---for Democrats stimulation
Great for fund raisers a hootenanny night of FACTS--much humor. Watch Bush riding old Spendo on his Crawford Farm.

[pscot]

1. And it goes on

n/t

[truedelphi]

2. Also important to note:

The US Tax code has never been "reformed" other than to mostly add more breaks to the rich.

So my Dad made the equivalent of a 55K salary back in the 1950's. But that salary was only $ 5.5 K.

We lived in lovely apartment, and at any point in time could have bought a nice home.

We had health insurance, two or three week vacation every year, new car every four to five years paid for in CASH. Also my mom blew money like no tomorrow - if she bought a dress, it had to have matching heels, belt, et cetera.

But now to have that kind of lifestyle, you'd need 55K and while the tax on 5.5 K was negligible, the tax on 55K is horrendous.

Also most of the middle incomed along both coasts and in major metro areas have lost the ability to ever own their own home, so the idea of home ownership with the resultant mortgage deduction is not possible. So the taxes on the middle incomed are really taking a much more horrible bite out of people paychecks, and that is before you examine another factor - my dad paid as an indie contractor no more than 6% -- now you'd be paying 15% !!

[notesdev]

3. This is not a GOP-exclusive problem

First step in solving a problem is admitting to it. The cold hard fact is that Democratic Congresses have contributed enormously to this fiscal disaster and continue to do so to this very day. Record profits on Wall St. this year primarily due to the actions of a Democratic House, Democratic Senate, Democratic President, Democratic Treasury Secretary, and so on.

The real story is that this is the elites vs. everyone else, and the elites control both parties. Obama's #1 donor and major contributor to middle-class destruction: Goldman Sachs. Republicans gave us Paulson, Democrats give us Geithner, actual difference imperceptible.

[jgraz]

4. Make that 4 conservative presidents

And possibly 5

[upi402]

5. Clinton was a Republican, in terms of NAFTA, GATT, and Telecom Act

in my opinion, the best Republican President ever. But he pulled the rug out from under our ability to make stuff and sell it to other countries on a level playing field. That made US workers compete with Asian workers who need much less money and have a much lower standard of living. So I count him as a conservative.