The "supply-side economics" scam, was intended to make the rich richer at
any cost, not to help the economy. The currently bursting housing bubble
was just the cover-up engineered in purpose to provide the illusion of
wealth, and to mislead the average guy into believing that the tax cuts
actually work. By this, they were able to delay the opposition to the
"supply side scam" and allow the cor****ate thieves to stuff their pockets,
and to dismantle more of the US factories and ****p them to China.
A new re****t however, show the reality:
"""
Incomes fell for poor and stagnated for middle-class families since late
1990s, making it tougher for them to weather economic downturn.
......
NEW YORK (CNNMoney.com) -- Poor and middle-class families are entering the
recession in a precarious situation due in part to declining or stagnant
income growth, a study released Wednesday has found.
"""
http://money.cnn.com/2008/04/09/news/economy/incomegap/index.htm
What makes a recession relatively easy to ride, is the fact that the
average
population do have enough savings and a decent income prior, therefore
being able to buy-out the economy.
Unfortunate, after almost 8 years of supply-side scam, the average
population is bleed dry and the housing bubble was used to provide them
the
illusion that they are ok. In meantime, while the population was confused
about what is going on, the rich shareholders and CEOs literally robbed
them of the ability to cope with the incoming recession.
Such huge polarization between poor and rich didn't happen from the Great
Depression. Be ready for a reply if we do not take fast actions to put
back
money into people pockets.
In order to survive the nest recession and prevent it to degenerate into
Great Depression 2.0 we need to act now to:
- extend and increase the unemployment benefits.
- extend and increase the help for the poor and unemployed. Including
legislation forcing the banks to allow the unemployed to keep his house
till the economy recover.
- provide programs for the unemployed to go back to school to get a higher
degree.
- even have the federal government create jobs by starting up
infrastructure
projects.
From where we get all these money ? From taxes on those who got them by
robbing the middle class and the poor in the last 8 years as a result of
supply-side scam and the subprime mess and created the recession in the
first place
--
The world of the future will be fully democratic or will not be at all.
Democracy Highlander
P.S.:
When I say "democratic", I use the word democratic coming from democracy
not
from Democratic party. I am not connected in any way with Democratic party
and if they fail to do as promised and cut cor****ate corruption I have no
problem to turn on them and blog against them too.
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