Tuesday, May 14, 2013

The Rich Never Had It So Good

Yet they still complain. And about whom do they complain? The Poor who have nothing.
"[W]e're not going to give up on destroying the health care system for the American people." Paul Ryan.  
"It just keeps getting worse. I am scheduling a vote for next week on the full repeal of #Obamacare." Eric Cantor 
The Republican Party, lapdogs of the Rich are eager to oppress the Poor at every opportunity. The Republicans and their Rich Masters absolutely loathe healthcare for the poor, sick and old. Republican Healthcare is predicated on the Rich sucking every single dollar from you and letting you die quickly after they've drained you of all your money.

But, the Plutocracy won't stop at merely stealing your life savings at the end of your life; they want you to be a pauper before that.

David Simon was on Real Time with Bill Maher last year and stated,
"What we need is a political culture where somebody plants a fuckin’ olive tree, which doesn’t even give you an olive for seven years. That’s how you fix an economy…When that olive tree becomes an orchard."
What Simon doesn't understand is the Republicans in 1980 did plant Olive Trees, except it was a privatized, deregulated, deferred income, out-scoured grove designed to provide Billions of Olives to the very, very rich while they told Us a few olives would trickle down. But, in fact, all we got were the pits.

The Dow Jones Industrial Average topped 15,000 this month an all time high, while at the same time half the jobs in the country pay less than $35,000.

Everything the Republicans do is predicated on expanding Income Inequality. Since, the Republican Recession, the economy's recovery has meant a recovery for the Very Rich.

From 1966 to 2011, the bottom 90 percent of Americans’ average income, as reported on tax returns, went up by $59 showing complete stagnation. If that $59 increase for the majority of Americans equals one inch, then on the same scale, the incomes of those in the top 10 percent went up by 168 feet. The top one percent, 888 feet. The Plutocrats income, the top one percent of the top one percent, rose by almost five miles relative to that one inch.

The Bush Presidency and Tax Cuts were nothing more than the destruction of the Middle Class and an acceleration of the Wealth Transfer Upwards.

According to research published by Emmanuel SaezProfessor of Economics at the University of California, Berkeley:
From 2009 to 2011, average real income per family grew modestly by 1.7% but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%. Hence, the top 1% captured 121% of the income gains in the first two years of the recovery. From 2009 to 2010, top 1% grew fast and then stagnated from 2010 to 2011. Bottom 99% stagnated both from 2009 to 2010 and from 2010 to 2011. In 2012, top 1% income will likely surge, due to booming stock-prices, as well as re-timing of income to avoid the higher 2013 top tax rates. Bottom 99% will likely grow much more modestly than top 1% incomes from 2011 to 2012.
This is precisely the desired effect of the Republican Crafted and Conservative Inspired Recession. The Rich are prepared to lose money in the short-term knowing that their wholly owned and operated Republican Party will attempt to jam through Austerity Legislation to dismantle the Social Safety Net and designed to permanently solidify the Rigidly enforced Class System we have in this Country.

Every fiscal crisis is an opportunity for the Republican Party and their Right-Wing Stooges to advance the Plutocracy's schemes of deregulation of financial markets, selling off public lands for private exploitation, diminishing the power of Unions and Collective Bargaining and providing Hundreds of Billions in tax payer dollars extorted from the middle and working class as welfare to the Very Rich.


Glenn Bateman said...

While I agree with the tenor of this posting and agree that the main focus should be upon the repuknican politicians, I believe that mention of the many (if not most) dumbocraps in the House of Lords (senate) is warranted.

The Senator from Wall Street (Schumer) is always worthy of a sneer for his ability to protect the bankers and hedge fund managers. The list of DINO senators who support the agenda of their corporate masters is worthy of note.

Unfortunately, I believe that the only senators completely unowned by the wealthy are Bernie Sanders, Elizabeth Warren, Al Franken, and probably Sherrod Brown. There is a taint to the rest of the so-called democratic party senators. I also am unconvinced that The Obomination is really on the side of working people.

As always, I respect and appreciate your postings. Keep up the disaffection!

the yellow fringe said...

What Glenn said!

Grung_e_Gene said...

Absolutely Glenn Bateman. I have no love for the "Pro-Business" Demcrats who 40 to 50 years ago would have been solid members of the Republican Party.

It's just the Democratic Party isn't Wholly-Owned and Operated by Corporate Hegemons in the way every elected Republican is today.

I also like Sheldon Whitehouse of Rhode Island and my Senator Dick Durbin and Rep Tammy Duckworth.

Glenn Bateman said...

Very true, Grung_e_Gene...

The repuke party is 100% corporately owned while the dumbocrap party is only 80% corporately owned.

I do not know enough about Whitehouse to formulate an opinon. However, Dick Durbin is known to be a sellout and among the chief bottlenecks to filibuster reform in the senate. I do NOT trust Durbin. I agree with you about Tammy Duckworth and would agree with the statement that there are many more good progressive democrats in the house than in the senate.