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How long has this been going on? (Hum along as you read)

by: xteeth

Sat Apr 09, 2011 at 11:51:06 AM EDT


Every other article everywhere ought to mention that America is awash in cash.  Corporations paid few taxes (down under 10% on average last year), profits higher than they have ever been in recorded history, your taxes are lower than you parents and their parents back to the 1950's and still all you hear about are cuts, cuts, cuts and moral "improvements" to your character. It's just you that have no cash. Your house has lost more than 20% of its value, your job is threatened, if you haven't already lost it, and still there are 400 Americans who have more wealth than 150,000,000 other Americans.

When did someone last say that there are three ways, any one of which will turn budget deficits into surpluses forever? Single payer health insurance. End our three wars. Put back taxes on the wealthy to Clinton years levels and restore inheritance taxes. Any one of these fixes all the strum and drang monotonously thrummed by main stream media, Republicants, Cantservatives, Deficit Commissions and leading Democrats. Imagine if we did all three at once. We have no spending problem, we have an income problem and there is no amount that will sate the greed of the Reich wingers for more and more. The rich have now unlimited access to your Congress people and president, unlimited amounts of money to spend to buy influence and all anyone can talk about is how to give them more. It is no longer the question that Frank asks in "What's the Matter With Kansas," it is What's the Matter with the United States - but you already knew that. You haven't had a real pay increase in thirty years. Your pensions are gone. Why? You have to work two or more jobs. Why? Everything you buy costs more. Why?

Because all the increases in your efficiency and output are shoveled up the economic ladder and we now have on our economic backs the biggest leech in the form of a financial sector that does not one thing to improve the economy. Half the growth in our economy since 2000 has been in the financial sector. They suck off the growth and put it into the stocks of the wealthy and sell them back and forth to bid up their ephemeral value. Funny that you don't seem to be able to take part in that.  

Instead, your kids and parents are moving back into your basement. College is out of the question. No retirement for which to plan. Gasoline so expensive that cars are sitting in driveways when they aren't repossessed. Average credit card debt over $5,000, millions of mortgage defaults and no one talks about the secondary mortgages. For a solution, everyone wants to tighten your belt, not the belts of those with all the cash. McDonalds is cheaper than eating at home due to corn syrup and agricultural subsidies. You are the stone from which no more blood can be wrung.

xteeth :: How long has this been going on? (Hum along as you read)
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Question is, (0.00 / 0)
how much longer will a sizable chunk of the general public continue to buy the GOP song and dance that all we have to do is shovel just a bit (or a lot) more of our cash up that economic ladder and prosperity will miraculously appear (trickling down from on high)?

People just can't seem to grasp the disconnect between the message and the result, and we don't seem to be able to make it crystal clear to them.

2012. Or sooner, in some cases.


They believe (0.00 / 0)
they are going to be rich, soon, and don't want to miss the fun.  And some of them like having someone else to look down on, too.  The Republicans promise both.  

[ Parent ]
System failure. (0.00 / 0)
The system is producing exactly what it is designed to produce - it's a money game, so money interests win out (most of the time).  Emasculate the institutions and organizations that speak for the people, and pretty soon all you have left are the voices of the elite.

Even the most strident supporters of capitalism understand that there are systemic problems with the economic system.  Now that we are turning our backs on some of those problems, I expect things to get worse, not better.

"Physical concepts are free creations of the human mind, and are not, however it may seem, uniquely determined by the external world." A. Einstein


This diary (0.00 / 0)
expresses so much of what I see.  Thank you.  Here's another article that explains much of it as well:  
Plutocracy Now: What Wisconsin Is Really About

You can read the article http://motherjones.com/politic...




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