I’ve been telling people for years that we’re in a Great Depression, and that despite the election of Barack Obama, things are getting worse. There’s a reason for this. The rich are draining the mass of working people financially dry. They’re doing this using their power that they’ve purchased in the political markets and the corrupt corporate wing of the Supreme Court. Currently, the rich in the USA scam nearly 25 percent of all income generated. They also own over 80 person of all assets, whether we’re talking about cars, homes, stock and bonds. Think about this. Thirty years ago, the richest one percent received about 7 percent of the total income generated in the USA. And they are tearing away more and more income and wealth from those of us who work for a living. That means the rest of us will have less money to buy things. Less things bought means less jobs, less income and more. This is a downward spiral for the 99 percent. This has been going on for thirty years. I don’t usually toot my own horn, but I showed all of this in my book, The Rigged Game. Everything that’s going on now was easily predicted by me when I finished the final draft of the book in 2004.
Posts Tagged ‘the great recession’
Posted in Uncategorized, tagged compared, comparison, FDR, Franklin Roosevelt, obama, The Great Depression, the great recession on Jpm8000000pmWed, 24 Aug 2011 13:58:35 +000011 10, 2010 | Leave a Comment »
There are below two videos. One of them is of Obama via Jon Stewart. The other video is about a leader named Franklin Roosevelt.
I will begin an on-going series of the differences between Obama and FDR. Those differences are gigantic, and all of them are in favor of FDR.
Let’s begin with something we should all know. When FDR became president, the unemployment rate was 25.3 percent. If unemployment was measured today as it was during the reign of FDR, the unemployment rate would’ve been around 16.5 percent when President Obama took office.
Roosevelt decided to tackle the problem immediately. Meanwhile, Obama decided to negotiate with the Republicans that wanted to destroy his presidency on a stimulus package. He settled for a package that included job destroying tax cuts for the rich, and a smaller stimulus package than what experts such as Paul Krugman said was necessary to get the USA out of its economic problems.
Roosevelt was reelected in 1936. Will Obama be reelected in 2012? Obama is the wrong person for the wrong job at the wrong time. However, he may get lucky since all the Republicon candidates are far worse choices than he is. But let’s face something. Obama is leading us toward banana republic status just as surely as the Republicans want to, only Obama wants to do it slightly slower than his rivals.
Roosevelt, on the other hand, decided to work on behalf of all American citizens, and he decided to fight back against the vicious, class warriors for the rich of the Republicon Party. He didn’t want the United States to slide into banana republic status, something that Obama seems to relish doing.