"We will be among the biggest beneficiaries of reform,” Goldman Sachs CEO Lloyd Blankfein said of the 2010 Dodd-Frank financial regulation bill, which was supposed to be a broadside to Wall Street.
THE LOOTERS:
OBAMA and his CRIMINAL CRONY BANKSTERS…. their looting only gets better by the
day!
Democracy in America and around the world is collapsing
under the weight
of immense and ever-growing levels of
social
inequality, bound up with the domination of a
financial mafia that
uses its political power to enrich itself at
the expense of society.
Congress, the White House, the courts,
the regulators, the Democrats and
Republicans are all
subservient to this financial aristocracy.
Income
inequality grows four times faster under
Obama than Bush
The study noted that, in the aftermath of the Great
Depression, the US undertook policies “during the New Deal [that] permanently
reduced income concentration until the 1970s.” In contrast, the study noted a
striking absence of any measures to reign in social inequality in the present
crisis. Far from it, the Obama administrations’ bank bailouts, austerity
program and wage-cutting policies have vastly expanded the prevalence of social
inequality.
REALITY of HOPE & CHANGE…. will
we survive Wall Street’s ongoing looting?
State of the Union: A bankrupt
ruling class talking to itself
30 January 2014
President Barack Obama’s State of the Union speech was a cynical
propaganda piece, filled with fraudulent claims and promises that no one, least
of all his audience at the US Capitol, believes in the slightest.
With Obama’s speech Tuesday night one had more than ever the
sense of the president as chief representative of the financial aristocracy that rules America, speaking to a
house filled with millionaire congress members and bought-and-paid-for
representatives of big business.
OBAMAnomics at work for Wall
Street donors:
The labor
share of national income has fallen from 62 percent before the eruption of the
financial crisis to around 59 percent today. With US gross domestic product at
about $15 trillion, this means that some $450 billion has been gouged out of
the working class to finance the further enrichment of the financial aristocracy.
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