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Who gained from Bush's economic meltdown?
    by Clarence Swinney, political historian

1% GOT 10% ALL INCOME IN 1980--24% IN 2009
1% OWNED 20% ALL FINANCIAL WEALTH IN 1980 AND 43% IN 2009
REAGAN BORROWED 1800B AND BUSH II 6000B
TAX CUTS CREATED MANY MILLIONIARES
10 BILLIONIARES IN 1980 AND 51 IN 1989 AND 413 IN 2009
 
TAX CUT FOR 2%
THE PEOPLE WERE NEVER TOLD THAT IN THAT 2% WERE THESE ONE YEAR INCOMES
5000 MILLION-4000 MILLION-3000 MILLION-2000 MILLION-1000 MILLION-500 MILLION-100 MILLION- 50 MILLION
LUCKIE DUCKIES SHO NEEDED A TAX CUT.
 
THEIR INCOME DID NOT CREATE VALUE OR BETTER STANDARD OF LIVING. MOST CAME FROM
CASINO DERIVATIVE OF AMERICA
 
CREATED 31,000 NET NEW JOBS PER MONTH OVER 8 YEARS FOR LOWEST SINCE HOOVER.
10 OWN 80% OF 7600 BANK DEPOSITS
10 OWN  ENERGY COMPANIES
10 OWN  HEALTH CARE COMPANIES
10 OWN  MILITARY MANUFACTURING
WALL STREET OWNS CONGRESS AND WHITE HOUSE
40% OF CAMPAIGN MONEY IN 2010 FROM WALL STREET
WALL STREET OWNS K-STREET 20,000 LOBBYISTS
 
WALL STREET SMASHED OUR HOUSING INDUSTRY
WALL STREET SMASHED OUR FINANCIAL INSTIUTUTIONS
WALL STREET INVADED TWO OF POOREST MOST UNARMED NATIONS ON EARTH.
WALL STREET TURNED OUR EQUALITY INTO SECOND WORST FOR INEQUALITY ANONGST 31 RICHEST NATIONS.
WALL STREET PUT 46 MILLION ON FOOD STAMPS
WALL STREET FORECLOSED ON 8 MILLION HOMES
WALL STREET PUT OVER 20 MILLION IN UNEMPLOYED OR UNDEREMPLOYED LINES
WALL STREET SHIPPED OUR MANUFACTURING INDUSTRIES TO CHINA TO GET RECORD PROFITS
BY MAKING CHEAP & SELLING HIGH

COMMENTS WELCOME CSWINNEY2@TRIAD.RR.COM
olduglymeanhonest political historian           
madmadmad mad at Inequality in America


 

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