wall street rich own usa

[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

[geckosfeet]

1. Yes. The big swindle. Taking from the poor (ok - middle class) to feed the rich.

The Critical Unraveling of U.S. Society

[tblue]

2. Strangely, the tea-naggers have similar complaints, tho they blame the Left,

and don't understand how they are being manipulated by their corporate masters. Too bad we cannot educate them (the vast majority of them, we can't) because then we would have a huge groundswell of populist energy to right our ship of state.

Another thing, I'm reading a book on miners in South America. The exploitation of workers by the multinationals who own the mines, including the counter-protestors paid to attack the union, parallels what's going on here in this country. Except the miners and their wives risk their lives to demand their rights. We don't do that here.

Thanks for an informative, if disheartening post.

[Ghost Dog]

9. Education / Communication / Information / Think.

Be cool. And above all, think.

Groundswell will happen / is happening anyway, if I know anything about you (free-to-self-express) folks.

[DJ13]

3. That should be "20 years of four conservative Presidents"

Fiscally Clinton was more Republican fiscal conservative than Democrat.

He actually got much of the GOP's economic wish list passed when neither Reagan nor Bush Sr. could.

NAFTA, the elimination of traditional welfare, repeal of Glass/Steagall, telecom deregulation, MFN status to unleash China on our economy.

Name an economic want the GOP was talking about from the early 80's on, and Bill got it passed.

[clarence swinney]

4. Truth to your remarks but-- excuse caps

CLINTON PRAISE-WITH PLEASURE
GDP--rose from 6300 to 11,600
NATIONAL INCOME-5,000 to 8,000 Billion--took 20 years to grow 2500B before Clinton
JOBS CREATED--over 22 million--record by far
AVERAGE WEEKLY EARNINGS--$360 to $478
AVERAGE WEEKLY HOURS WORKED--never hit 35.0--hit that  mark 4 times in 80's
UNEMPLOYMENT--from 7.2% down down down to 3.9%
WELFARE TO WORK—11,533,710 on federal roll in 1996 and 3,880,321 in 2007.
MINIMUM WAGE--$4.25 to $5.15
MINORITIES--did exceedingly well
HOME OWNERSHIP--hit all time high
DEFICIT--290 Billion to whoopee a SURPLUS
DEBT----+28%---300% increase over prior12 years
FEDERAL SPENDING--+28%---80% under Reagan- who da true conservative?
DOW JONES AVERAGE--3,500 to 11,800  all it's history to get to 3500 and Clinton zooms it
NASDAQ--700 to 5,000---all of it's history to get to 700 and Clinton zooms it
VALUES INDEXES-- almost all bad went down--good went up in zoom zoom zoom
FOREIGN AFFAIRS--Peace on Earth good will toward each other---Mark of a true Christian--what has Bush done to Peace on Earth?
POPULARITY---highest poll ratings  in history during peacetime in  AFRICA, ASIA AND EUROPE even 98.5% in Moscow--left office with highest gallup rating since it was started in 1920's.
STAND UP FOR JUSTICE--evil conservatives spent $110,000,000 on hearings and investigations and caught--- ONE--- very evil man who took a few plane rides to events.
BOW YOUR HEADS--Thank you God for sending us a man of Bill Clinton's character, intelligence, knowledge of governance, ability to face up to crises without whimpering and a great leader of the world.
THANK YOU GOD FOR THE GOOD TIMES THE CLINTON YEARS.

[DJ13]

5. you DO understand our current economic mess is due to Bill I hope?

He set the stage for Bush and his corporate cronies to ransack our economy by campaigning for and signing those GOP inspired bills in the 90's.

Yes our economy was still good under his Presidency (due to the tech bubble), but bad legislation is like a virus, it takes a while before the symptoms of illness become apparent.

[FatDave]

7. Come on, give Bill a break.

He was the best republican president since Teddy Roosevelt.

[DJ13]

8. You're right, cant argue with that

:hi:

[baldguy]

6. There's the top 1% - the rich, then there's the next 4% - the middle class.

Then there's everyone else.