August 29, 2011


The Government And The Banks
Are Trying To Scare You.
Sign seen at the Judson Memorial Church
on Washington Square South in NYC.

Excerpt from Can the Middle Class Be Saved by Don Peck, published in the September 2011 issue of the Atlantic:

In October 2005, three Citigroup analysts released a report describing the pattern of growth in the U.S. economy. To really understand the future of the economy and the stock market, they wrote, you first needed to recognize that there was "no such animal as the U.S. consumer," and that concepts such as "average" consumer debt and "average" consumer spending were highly misleading.

In fact, they said, America was comprised of two distinct groups: the rich and the rest. And for the purposes of investment decisions, the second group didn't matter; tracking its spending habits or worrying over its savings rate was a waste of time. All the action in the American economy was at the top: the richest 1 percent of households earned as much each year as the bottom 60 percent put together; they possessed as much wealth as the bottom 90 percent; and with each passing year, a greater share of the nation's treasure was flowing through their hands and into their pockets. It was this segment of the population, almost exclusively, that held the key to future growth and future returns. The analysts, Ajay Kapur, Niall Macleod, and Narendra Singh, had coined a term for this state of affairs: plutonomy.

In a plutonomy, Kapur and his co-authors wrote, "economic growth is powered by and largely consumed by the wealthy few." ...

August 13, 2011

You Must Think For Yourself, What You Must Do.

YouTube video posted by TPMtv

As per the editorial Magical Unrealism, published August 12, 2011 in the New York Times, when Bret Baier (debate moderator from Fox) asked the eight gathered Republican presidential candidates in Ames, Iowa "if they would reject a deal to cut the deficit that had 10 times the amount of spending cuts as it had tax increases, the hands of all eight candidates went up."  

There is no shame anymore. The sole purpose of the modern day G.O.P. is to push the goals and agenda of the super-rich, and to ultimately keep those people in positions of power over you and your family.

. . . . . . . . 

Excerpt from The Joy Luck Club by Amy Tan, first published by G.P. Putnam's Sons, 1989:

"What's the point?" I say. "There's no hope. There's no reason to keep trying."

"Because you must," she says. "This is not hope. Not reason. This is your fate. This is your life, what you must do."

"So what can I do?"

And my mother says, "You must think for yourself, what you must do. If someone tells you, then you are not trying." ...

August 10, 2011

Your Congress Is Bought

Seen on a subway platform 
in New York City

YouTube video posted by FixedNewsChannel

Here's a clip from the August 9, 2011 episode of MSNBC's The Dylan Ratigan Show that's making the rounds on the internet.  

Dylan Ratigan (Host): It is about one guy. I would like him to go to the people of the United States of America and say "People of the United States of America, your Congress is bought, your Congress is incapable of making legislation on healthcare, banking, trade or taxes because if they do it, they will lose their political funding ... and they won't do it. But I'm the President of the United States, and I won't have a country that's run by a bought Congress, so I'm not gonna work with a bought Congress ..."

Jimmy Williams (MSNBC contributor): Money in politics is the root of all political evil.  It is corruption at its worst ...