Saturday, January 19, 2008

The Economic Report

"Just shut up and go spend, It's good for
the economy !"
-The U.S. Government

Yeah with what money ? When we are being
laid off, and replaced by Illegals. With what
money when our jobs are outsourced, and
nothing Is made In America anymore.

"The jobs are never coming
back"- John McCain

What planet are the politicians on ? Do
they ever leave the Beltway, or their
exclusive gated communities ?

They are so far removed from
reality. Yet they claim every
four years that they can relate to
us and our problems.

And If you say "America Is the
richest nation In the world ".

Let's have a look at who enjoys this wealth.

One percent of the U.S. population owns sixty
percent of the stock and forty percent of the total wealth.
(Hawken, Paul, The Ecology of Commerce: A Declaration of
. New York: HarperBusiness, 1993).

In 1998 the top 1 percent of the population owned 38 percent
of the wealth, the top 5 percent owned over 60 percent (source:

Now Compare this to to the late 1970's

In the late 1970s, the top one percent of the US
held 13 percent of the wealth; in 1995 it held 38
percent. (Levy, Frank. The New Dollars and Dreams ).

Links -

US Consumers Head Into Recession Bunkers

Entire US Economy Teeters On The Brink

Lenders/Mtge Brokers Pressure Appraisers To Over-Value

Bubble Economics

Merrill Lynch Posts $16B Loss In Third Quarter

The Panic Starts

Dow Dives Another 307

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