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View Diary: The rich really did get richer, while the rest of us ... didn't (74 comments)

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  •  Any and all focus upon the stock market... (7+ / 0-)

    ...as a legitimate indicator of a recovery in this country is, INHERENTLY, a false meme (literally, propaganda) perpetuated by the status quo. This has been statistically supported for a very long time.  (I've been discussing this inconvenient truth within this community since almost the day I joined this place, just under seven years ago.)

    Adding insult to injury is what's really happening in the housing/real estate market, where the next 45% of our society maintain most of their net worth. Again, the "stabilization" and/or "upswing" is as much a byproduct of Wall Street's cash (literally) buying up property in the most depressed markets, thus contorting a greater reality: that if justice had been served in the past five years, this state-sanctioned pillaging by the banks and the monied class would/should never have been allowed to transpire in the first place. And, if anyone has/had been paying attention--especially in the past 30-60 days--they would begin to understand just how blatantly egregious our government has been in this extremely deliberate effort to further ripoff and hollow-out the heart of our society, as well.

    The remaining 45%+ of our society maintain no net worth (of any significance), or negative net worth, living in poverty and/or from paycheck to paycheck, just trying to make ends meet (and that last phrase in this sentence applies to many in the middle class, as well).

    This is the new normal, and it's getting uglier by the day, especially right now, as we blog. The inconvenient truths are all around us, and it's a travesty of huge historical significance and monumentally negative social proportions.

    "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

    by bobswern on Thu Apr 25, 2013 at 06:48:42 AM PDT

    •  You have been a stalwart on these issues. (3+ / 0-)
      Recommended by:
      Words In Action, Mary Mike, bobswern

      I think this will grow:

      The remaining 45%+ of our society maintain no net worth (of any significance), or negative net worth, living in poverty and/or from paycheck to paycheck, just trying to make ends meet (and that last phrase in this sentence applies to many in the middle class, as well).
      Perhaps it is darkest before the dawn, but I see little on the horizon to suggest any change in this process.  

      Join us on the Black Kos front porch to review news and views written from a black pov—everyone is welcome.

      by TomP on Thu Apr 25, 2013 at 06:57:01 AM PDT

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    •  It's a feature, not a bug. (3+ / 0-)

      Today we saw more boldly stated what many suspected: the stock market is propped up.

      As the Fed lowered interest rates and bought bonds (and thus lowered yields) to shore up the banks, not only have wealthy investors concentrated on accumulating higher-yielding stocks, but so have central banks.  There's your stock market rally.  Because it just would not do for the wealthy or their wholly-owned governments to see anyone else prosper.

    •  On a related note, the Trans-Pacific Partnership (2+ / 0-)
      Recommended by:
      bobswern, Klusterpuck

      which you have been admirably screaming like a stuck canary about, would one approach be to threaten a "coalition" with those on the right who would also be opposed to such a deal?

      I mean, Obama doesn't give a flying eff about what we on the Left think, but he sure does care about right-wing approval.

      If we threatened to raise the ire of the right by bringing it to their attention, might that have an impact?

      Barring that, wtf will?

      Frankly, I'd rather take down Exxon or Goldman Sachs, the way we're taking down RushBeckistan, than elect another "better" Democrat who's going to wind up singing for the bankster choir.

      by Words In Action on Thu Apr 25, 2013 at 07:41:20 AM PDT

      [ Parent ]

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