We’re trapped because this recession is actually works like the Great Depression, and not like other recessions. But what’s the trap?
Unemployment — (About 17 Million in Jan. 2012)
From the end of 2007 until the end of Bush’s last budget in Sept. 2009, America lost 10 million jobs. And, we’re still missing those 10 million jobs. On top of that, the 7 million that are typically unemployed, now must look much longer for work.
Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and middle class fight … Warren Buffet explains tax loopholes for the rich.
Democrats tax and spend. Republicans borrow and spend, which explains the deficit. As it turns out “tax and spend” is how you are supposed to govern. But there is method to the Republican madness. If you care about America, you might want to understand.
May 21, 2010. Hyperinflation has been a popular conservative topic since 2008 (Glenn Beck, Peter Schiff), but really, can you get any sillier? Trillions of dollars ago, at the start of the recession (Dec. 2007), inflation was about 2.4%. Now (Dec. 2011) it’s about 2.1%. Hyperinflation? No, just …>>
So why did half the Republicans and most of the Democrats bail out Wall Street? Because Wall Street was holding a gun to America’s head — Don’t bail us and we’ll wreck the economy. So the real question, why did some of the worst bandits get to keep a lot of the money. The answer is the same as for: Why can’t we pass tough Wall Street regulations now?
There is a tiny splinter group, of course, that believes you can do these things [abolish social security]. Among them are … a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid [President Eisenhower]. Not much has changed. The Texan is Ron Paul, and the business men are the Koch brothers.