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View Diary: We Must Accept That Mitt Romney Won the Election with a Mandate (237 comments)

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  •  When so many leaders are One Percenters... (5+ / 0-)

    ...they begin to lose sight of (if they ever even knew) the real detrimental impact of losing a few dollars in the poorest of households, (and even in the households of the struggling middle class)?  

    Members of Congress are much richer than you and me.

    With a median net worth of $878,500, Democratic lawmakers were actually worth more than nine times the typical American household in 2010. Not bad for the party that positions itself as the defender of the middle class...

    ...Obama's average net worth of $7.3 million isn't too shabby either, especially when compared to the median household net worth in America, which was $96,000 in 2009.

    Republicans still have the upper hand in terms of wealth, but not by much. Their median net worth was $957,500, and 35 of them have assets totaling more than $10 million.

    Regardless of party, Congress members' $174,000 salary blows away the median household income of $49,445 for 2010. And their net worth has been on the rise since 2004, unlike ordinary Americans, who have seen their wealth slip.

    In theory--intellectually, they may attempt to understand that people who make so much less than our political leaders make have a harder time when their incomes are cut.  But, do they really fully understand the full impact of falling further and further behind the real inflation rate on people on a fixed income?  

    Do they really comprehend how difficult it is for the average American when our One percent leaders, using convoluted, intellectually "reasonable" laws, sternly inflict even more austerity on people who are already dealing with their own personal austerity?

    They may talk the talk of being "defenders of the middle class and the poor" but they don't personally walk the path of poverty and/or austerity  themselves.

    •  So true, and yet... (1+ / 0-)
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      They would still roll over for the first lobbyist to throw incentives their way, even if they were making 20K a year.  As long as they're plied with gifts and offers of lucrative post-term employment opportunities, they're going to sell their soul to the highest bidder.  

      Bribery of a legislator, in any form, needs to be outlawed.  The conundrum is: How do you get the beneficiaries to legislate against their benefactors?

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