Monday, January 26, 2009

How The Republican Party Has Conned America for Thirty Years, And Why We Should Not Listen To Them For Another 30:

" cuts did what they have always done
over the past 100 years –
they initiated a
bubble economy that would let
the very rich skim the cream off the top

just before the ceiling crashed in on working people..."

The fact-based society will win the battle with the fantasy-rich society!


The race to the bottom

When wall street confidence men were scamming IRA and pension plans to the tune of millions in fees and bonuses and trillions in leveraged instruments, Congressmen, pandits, and administration officials were lauding them as geniuses and captains of industry. If a CEO paid himself 100 million, not only no problem, but Congress actually passed laws with incentives to pay stock options and taking away stock-holder rights to limit the salaries of the men who supposedly worked for them.

Executive stock options tied to higher fraud rates

But for the rest of us the policy is and has been, "the race to the bottom.

Continue reading "The race to the bottom"

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.