2010 May NOT be much better than 2009 for Main Street as VERY LITTLE HAS CHANGED!
By Daniel at 29 December, 2009, 10:18 am
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
FINANCIAL ARISTOCRACY ALWAYS WINS - THAT WAS THE PLAN ALL ALONG!
[Some of Source: R. Reich]
http://robertreich.blogspot.com/
September 2008 = Financial Crisis with GWBush warning: “This sucker could go down.”
Judd Gregg = Lead Republican negotiator warned “if we do not do this, the trauma, the chaos and the disruption to everyday Americans’ lives will be overwhelming, and that’s a price we can’t afford to risk paying.”
Summer 2009 Wall Street back on its FEET = 5 largest BANKS are MUCH LARGER and MORE POWERFUL than EVER BEFORE!
Financial AR1STOCRACY (FA) and their F1unky Executives/Tradsters/Hedge Fundsters=FAR Richer
FA placed Massive bets (Against their OWN Clients) that Home Mortgage Derivatives would DEFAULT as they were DESIGNED TO DO!
Main Street continues to SUFFER from the THEFT and Reduction in and Increased Cost of Credit
In the Meantime Wall Street uses PhD generated Automated ILLEGAL Algorithms to make Trade that STEAL EVEN MORE!
FALSE: PA1D-0FF Congress Members fervently argue Wall Street’s health = Main Street Health!
FACT: Economic life on Main Street is DEPENDENT ON WALL STREET who controls the Credit Flows and that MUST CHANGE as Main Street middle-class once earned enough to be able to save more of their incomes, they borrowed from one another, largely through local and regional banks.
Assumptions of EAST COST Congress is those paid huge sums of money must be very smart and deserve 600 Times More Income than the rest of us!
2009 proved = Trickle Down is a FARCE+Loans Continue to Default+No Small business Credit +Massive JOB LOSSES!
G0LDMAN will pay $25 billion in Bonuses
Real problem is Main Street has been Broke and Supported by DEBT for Years as all the Wealth went to the FINANCIAL ARISTOCRACY as the Middle Class has SUNK!
For 40 years Economic GAINS FLOWED into a relatively small number of POCKETS of the R1CH!
0bama Economic Team = Americans Save More and Spend Less but the Wall Street Shipped all the JOBS out to MAKE PROFITS leaving a crushing VACUUM for a P00RLY Educated Populace.
Americans spent too much ONLY in relation to their declining portion of THEIR SHARE of the Gains. Americans have been flat out CHEATED out of their “FAIR SHARE” since the time of REAGAN!
1980 Wall Street took 20 Times the Average American
2009 Wall Street takes about 600 Times the Average American a 3,000% increase!
Yes the Financial Aristocracy including Banksters and Hedge Fundsters TOOK A Disproportionate SHARE.
2010 May NOT be much better than 2009 for Main Street as VERY LITTLE HAS CHANGED!
Too many Americans have lost their jobs, incomes, homes and savings.
With 95% of Discretionary Wealth Concentrated in the Financial Aristocracy at the top and with their Purchase of Government any Hope of Main Street Recovery will be very slow!
- JacksonAndrew
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.