Skip to main content

View Diary: Why The Oligarchs Want to Ghettoize The Country (210 comments)

Comment Preferences

  •  the terrorists have won! (11+ / 0-)

    911 allowed Bush to start taking away rights and freedoms and in some ways everyone stood aside to let him do as he pleased. We are seeing the results of this. Allowing the 1% to completely rig the economy in their favor.

    Just saying but it almost appears that they want to see america like China - to be able to compete with China. No middle class just working (slave) and ruling class. Suck up all the resources with no thought of how it affects the environment.

    the media are completely owned and there are only a few unheard voices in the media wilderness.

    with OWS we are finally seeing the people recognizing this and unless everyone gets involved it may be too late to turn it around. The 1% and their wholy owned subsidiary the gov't have gained too much power and it's up to the people to take it back.

    ummm how do you add a signature?

    by bunkai on Tue Dec 27, 2011 at 07:31:45 AM PST

    •  It started well before 9/11. It started with (14+ / 0-)

      the attacks on unions in the 70s, the end of pensions which were "replaced" by the sham of IRAs and 401ks.  

      •  Yep. "Defined benefit" plans provide real pensions (6+ / 0-)

        … while "defined contribution" plans can be made to hemorrhage value or even evaporate entirely, whenever it suits those in a position to manipulate markets.

        The Dutch kids' chorus Kinderen voor Kinderen wishes all the world's children freedom from hunger, ignorance, and war.

        by lotlizard on Tue Dec 27, 2011 at 01:01:45 PM PST

        [ Parent ]

        •  Years ago I had a buddy who'd work the (2+ / 0-)
          Recommended by:
          zaka1, lotlizard

          crab boats in Alaska for a few months each year, then return to Seattle and remain unemployed until the next season. Toward the end of each period of unemployment things would get really tight for him, and yet he'd buy pull tabs religiously, counting on the occasional winners to see him through for the next couple days.

          One day I witnessed him throw his last $10 on the bar. With obvious anxiety he opened tab after tab of losers. The 10th, however, yielded a $20 win. He turned to me triumphantly and said, "Say what you will about the tabs, but I just doubled my investment."

          I just shook my head and made a joke about pull tabs being the 401k plan for the terminally unemployed.

          I hadn't seen him for a few years, but ran into him just a couple days ago (in a bar, with a basket of tabs in front of him).

          "Hey, how's it going?"

          "Not bad. Hangin' in there."

          "Still playin' the tabs, I see."

          "Yeah, well, workin' on building the retirement fund."

          He showed me a $40 winner. I chuckled and said, "Looks like the beginning of a nice little nest egg."

          To which he replied, "No shit, Sherlock. I don't know if you've been paying attention, but pull tabs have a consistently higher yield than the average 401k."

          I've engaged him as my financial adviser. He saw the trend long before I did.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site