Tuesday, July 3, 2012

A view . . .

. . . from the bottom. . . 
The richest 400 Americans own as much as the bottom 150 million put together. And these multimillionaires and billionaires are now actively buying the 2012 election—and with it, American democracy.

750 people at GS Technologies lost their jobs thanks to a bad deal engineered by Bain Capital. 15 million lost jobs after the cumulative deal-making 
of the entire financial sector pushed the whole economy off a cliff. Comparatively, Solyndra was a rounding error.

In 2011, America's top fifty financial CEOs got a 20.4 percent pay hike, even as the wages of most Americans continued to drop.

Welcome to the new Gilded Age, where buoyant rich men with flashy white teeth, raging wealth and a measured disdain for anyone lacking those attributes and challenge their own primary opponent to a $10,000 bet and referring to their wives'' several Cadillacs.

Something much like the robber barons of the Gilded Age complete with political power has now returned with a vengeance.

(based upon the writings of Robert Reich)



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