Friday, October 9, 2015

OBAMA-CLINTONomics - DID THEIR CRONY BANKSTERS DESTROY THE GLOBAL ECONOMY? A crisis of global dimensions

A crisis of global dimensions

OBAMA’S  CRONY  BANKSTER-DRIVEN  ECONOMY

First he  sabotaged America’s borders and then invited endless waves of illegals to grab America’s jobs and keep wages depressed.

Then he went after America’s pensions, medicare and social security towards his design of destroying the American middle-class.

AND IT’S WORKING!
                                        


“Goldman Sachs, JPMorgan Chase, Bank of America (ALL MAJOR DONORS TO BARACK OBAMA) and every other major US bank have been implicated in a web of scandals, including the sale of toxic mortgage securities on false pretenses, the rigging of international interest rates and global foreign exchange markets, the laundering of Mexican drug money, accounting fraud and lying to bank regulators, illegally foreclosing on the homes of delinquent borrowers, credit card fraud, illegal debt-collection practices, rigging of energy markets, and complicity in the  Bernie Madoff Ponzi scheme.

A crisis of global dimensions

9 October 2015
In a Perspective column published at the beginning of 2015, the World Socialist Web Site commented on the frequency of crises convulsing the global capitalist system. “The ‘peaceful’ intervals between the eruption of major crises—geopolitical, economic and social—have become so short that they can hardly be described as intervals,” we wrote. “Crises, on the other hand, appear not as isolated ‘episodes,’ but as more or less permanent features of contemporary reality.”
As the world enters the final months of 2015, it can be said that not only the frequency, but also the intensity of crises is reaching a new inflection point. The necessity of resolving the crisis of revolutionary leadership is posed with ever-greater urgency.
The global economy remains mired in the contradictions that erupted to the surface seven years ago. The policy of the ruling class in response to the Wall Street crash has reached an impasse. The flooding of financial markets with money has inflated asset bubbles while failing to produce any significant economic growth. Yet any move to curb the easy money policy of the Federal Reserve and other central banks risks sparking a financial panic even more severe than that which erupted in 2008.
This week, the International Monetary Fund cut its global growth forecast to just 3.1 percent for 2015, the slowest growth rate since 2009. “Six years after the world economy emerged from its broadest and deepest postwar recession,” IMF Economic Counselor Maurice Obstfeld reported, “a return to robust and synchronized global expansion remains elusive.”
This is a considerable understatement. In the more advanced capitalist countries, economic growth is stagnant, with persistent widespread unemployment and flat or declining wages. The situation is even worse in the so-called “emerging markets.”
Lawrence Summers, US treasury secretary under President Clinton, pointed to the crisis facing the ruling class in a comment published in the Washington Post on Thursday. Under the headline, “A global economy in peril,” Summers wrote that the dangers “are more severe than at any time since the Lehman Brothers bankruptcy in 2008.” He continued: “The problem of secular stagnation—the inability of the industrial world to grow at satisfactory rates even with very loose monetary policies—is growing worse in the wake of problems in most big emerging markets, starting with China.”
The world economy is faced with the “specter of a global vicious cycle in which slow growth in industrial countries hurts emerging markets, thereby slowing Western growth further,” Summers declared, adding, “Industrialized economies that are barely running above stall speed can ill afford a negative global shock.”
The economic crisis at once intensifies and is compounded by mounting geopolitical crises and international conflicts, driven above all by the relentless pursuit of global hegemony by American imperialism. For a quarter century, the American ruling class has been engaged in endless wars of ever-expanding geographical scope. For the past fifteen years, the military interventions have been waged under the banner of the “war on terror,” the ideological framework used by the American financial aristocracy to reorganize the Middle East and Central Asia through bloodletting and violence.
One country after another has been targeted for regime change or subversion by the US and its allies: Afghanistan, Iraq, Libya, Syria, Yemen. The carnage produced by these wars has led to a virtual collapse of state structures throughout the Middle East, producing a flood of desperate refugees to which the ruling classes of Europe have responded with violence and repression.
Here too, the crisis is reaching a tipping point. The local wars in the Middle East are leading increasingly to direct conflict between the major powers. This week, French President Francois Hollande declared that the conflict in Syria risked devolving into “a total war, a war that will also affect our territories,” i.e., Europe.
Over the past week, the Russian ruling class has sought to defend its interests in Syria by more openly backing the government of President Bashar al-Assad, which is targeted for overthrow by US-backed Islamist militias. The US and NATO powers have responded with extreme belligerence.
Speaking at a meeting of NATO defense ministers in Brussels on Thursday, US Defense Secretary Ashton Carter declared that Russia’s moves “will have consequences for Russia itself, which is rightly fearful of attacks. In coming days, the Russians will begin to suffer casualties,” he warned ominously.
Even as it intensifies its threats against Russia, the US is ratcheting up its military maneuvers in Asia. According to media reports, the US is planning within the next two weeks to sail warships inside territorial waters claimed by China. These provocative actions follow the finalization of the Trans Pacific Partnership, a trade and investment deal between the US, Japan and other Asian economies concluded with the specific aim of isolating China and countering its influence in the region.
The United States is not the only imperialist power asserting its interests on the global stage. Japan is remilitarizing and expanding its arms industry, currently with the encouragement of the Obama administration. Germany is once again asserting its claim to hegemony over the European continent, and has global ambitions. German imperialism, which came into conflict with the United States in the two world wars of the Twentieth Century, has its own interests in Syria, Iran, Russia and China.
To the economic and geopolitical crisis must be added the extreme crisis of bourgeois rule. The old political institutions, used by the ruling class for decades, are breaking apart or in disarray. In the United States, in the midst of an election campaign dominated by the spokesmen of various billionaires, the political system is increasingly dysfunctional.
One of the principal parties of the ruling class, the Republican Party, has been thrown into chaos following the withdrawal of Kevin McCarthy, the current House majority leader, from the contest to become the new House speaker. According to media reports, representatives who had gathered to select the speaker of the house—the second person in the line of presidential succession—were in “total shock,” with some audibly weeping as the gathering broke up.
All of these crises are surface manifestations of something more profound: the crisis of the world capitalist system itself. This crisis brings with it the danger of world war and a descent into barbarism. At the same time, it creates the objective basis for the overthrow of the capitalist system—the radicalization of the working class internationally.
Decades of war, intensifying economic crisis and growing social inequality have produced immense changes in the consciousness of billions of workers and young people internationally. These subterranean processes are beginning to break to the surface. There is everywhere a growing restlessness and desire to fight.
In a period of crisis, the class character of political tendencies emerges more clearly. In Greece, opposition to austerity swept the Coalition of the Radical Left (Syriza) to power at the beginning of the year. The organization was proclaimed by all manner of pseudo-socialist and pseudo-left organizations to be the hope for the future, an alternative to the bank-dictated impoverishment of the Greek working class and youth.
Ten months later, Syriza leader Alexis Tsipras is leading the campaign to impose a new round of EU-backed austerity. “We have to tighten our belts,” he declared this week as he unveiled the government’s new budget, “to dare to implement the reforms this country needs.” Meanwhile, former Syriza Finance Minister Yanis Varoufakis, the self-described “erratic Marxist,” has announced his admiration for Margaret Thatcher.
Not only have the pseudo-left representatives of more privileged sections of the middle class been exposed in Greece as the accomplices of austerity, they have also served as champions of imperialist operations in the Middle East. In Syria, groups and publications such as the International Socialist Organization and International Viewpoint have provided the “human rights” justifications for the CIA drive to bring down the Assad regime by stoking a catastrophic sectarian civil war. Parroting the most rabidly militaristic factions of the US ruling class, they criticize the Obama administration for not moving quickly or aggressively enough to oust Assad.
A political realignment is beginning to take place, bringing with it a growing intersection between the perspective and program fought for by the International Committee of the Fourth International and the upsurge of working-class struggle. In the United States, the WSWS has played a central role in a growing movement of autoworkers, who are striving to cast off the dead weight of the trade unions and take an independent path. This is a significant indication of a radicalization and political reorientation of the working class in the United States.
The expanding crisis is a symptom of capitalism in an advanced state of disintegration. The basic question is: which will develop more rapidly, the drive of the ruling class to barbarism and war or the independent political mobilization of the working class in the world socialist revolution?
For this question to be answered in a way that opens up a new stage for the future of humanity, there must be a development of socialist political consciousness in the working class through the building of revolutionary leadership, that is, the building of the International Committee of the Fourth International as the World Party of Socialist Revolution.
Joseph Kishore

SEN. BERNIE SANDERS

“Calling income and wealth inequality the "great moral issue of our time," Sanders laid out a sweeping, almost unimaginably expensive program to transfer wealth from the richest Americans to the poor and middle class. A $1 trillion public works program to create "13 million good-paying jobs." A $15-an-hour federal minimum wage. "Pay equity" for women. Paid sick leave and vacation for everyone. Higher taxes on the wealthy. Free tuition at all public colleges and universities. A Medicare-for-all single-payer health care system. Expanded Social Security benefits. Universal pre-K.” WASHINGTON EXAMINER

OBAMANOMICS: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and Muslim Dictators


SEN. BERNIE SANDERS ON HILLARY’S SERVITUDE TO OBAMA’S CRIMINAL CRONY BANKSTERS… their looting continues unabated.



"I think that the business model of Wall Street is fraud," said Sanders. "I think these guys drove us into the worst economic downturn in the modern history of America and I think they're at it again. I believe that when you have so few banks with so much power you have to ... break them up. That is not Hillary Clinton's position."


"The American elites, comfortable in their current lifestyle, had better wake up to the rumbling beneath their feet before the volcano erupts."


The nation’s population has grown by 35% since 1988; however the number of employed Americans has only increased by 27% while those who have dropped out and are no longer in the labor force has escalated by 50%.  Further the number of Americans living in poverty has increased by 61%.

A Nation of Discontent

Not since the presidential election of 1932 has the American electorate been so mired in discontent.  Despite the best efforts of the media to portray this discontentment as limited to the Republican base, numerous polls have confirmed a vast majority of the populace shares this same sense of disgruntlement.  Yet the nation’s political, academic and corporate classes, whose lifestyles have never been better than they are today, are surprised and dumbfounded by this phenomenon.  These elites prefer to look at this chapter in America’s political history as just the ranting of an immature and essentially ignorant citizenry who will, in time, see the error of their ways and settle for whatever crumbs the ruling class throws their direction.
Perhaps the explanation for this overarching angst can be made more readily apparent to the elites by painting a portrait of the America they have created since 1988 -- the high water mark of America’s power and influence -- and the near irreparable damage that has been done to this nation and its people.   
eginning in the years following the end of the Second World War, the American populace was the benefactor of unprecedented peace, growth and prosperity -- the most resounding in the history of mankind.  Living in a nation whose future prospects seemed limitless, the people increasingly turned inward in the pursuit of leisure and lifestyle leaving the governance of the country to the various elements of the ruling class secure in the thinking that this nation’s upward trajectory was unstoppable.


The Economy


The cognoscenti declared that expansive government spending, globalization and free trade combined with a comprehensive and overarching regulatory regime determined to root out so-called corruption and inequality as well as save the planet from the over blown evils of global warming should be the course for the nation to pursue.  The result of this foolhardy and myopic scheme:
  1. In 1988 the national debt of the United States stood at $2.6 Trillion, today it is approaching $18.6 Trillion-- an increase of 615%.  On the other hand the debt of all the nations on earth has increased by only 135% since 1988.
  2. The American Gross Domestic Product has recorded a growth of 110% over the past 27 years.  By
  3. comparison global growth has been 218% and in the case of China it has been a staggering 1,900%.

  1. Among the reasons for Chinese and global growth is the American trade deficit. In 1988 this nation experienced a non-oil trade deficit of $71.1 Billion;   by 2014 this same deficit had ballooned to $458.3 Billion.  An increase of 545%.  

  1. The impact of the above in combination with an excessive regulatory regime: in 1988 23% of all jobs were in the goods producing arena, in 2015 it is 13%.  If these percentages had remained the same together with the current working age population, 34.3 million as compared to the actual level of 19.5 million would be employed in this high paying arena. Instead a significant majority of all the new job growth over the past 27 years has been in fields that pay on the average 40% less than the goods producing sector.
  2. The nation’s population has grown by 35% since 1988; however the number of employed Americans has only increased by 27% while those who have dropped out and are no longer in the labor force has escalated by 50%.  Further the number of Americans living in poverty has increased by 61%.

  1. Another factor impacting on the economic health of the American people is immigration.  In 1988 there were 16 million immigrants (including less than a million illegal aliens) living in the United States.  Today that number has skyrocketed to 42.4 million (including an estimated 12 million illegal aliens).  This enormous increase (165%) in the immigrant population has not only put pressure on a stagnant job market but it has also been a major factor in the decline of median income in the country.
  2. The upshot of all the above is that the median income for all Americans has only increased (adjusted for inflation) by 6% over the past 27 years and has declined by 4.3% since 1999.  Since 1988 the income of the top 5% has risen 39.3% (adjusted for inflation) while the income of the bottom 60% has increased just 0.5%.
One of the primary hallmarks of the United States was that of a classless society wherein economic factors allowed the citizenry to take advantage of the marketplace in order to move up or down based on their efforts and willingness to work.  However, this scenario is disappearing as the opportunities for upward mobility cease to exist and for a class driven society to dominate.  This is now a rapidly eroding economy based almost solely on consumption which cannot be sustained without a vibrant wealth creating (goods and proprietary services) sectors.

The Political Parties

As the federal government has grown exponentially through the monies it spends and its regulatory regime, the political class (which includes the bureaucracy) has become the most powerful entity in the nation.  While the nation’s economy has grown by 110% since 1988, federal government spending has skyrocketed 275% and is now approaching $4.0 Trillion (larger than the economy of Germany) making it financially the largest single entity in the history of mankind. 

There is no business, institution or private individual in the United States that does not come under the influence of this leviathan.  With so much power and opportunity to enrich oneself, the overwhelming majority of the elected and appointed members of this fraternity will do anything to remain in office. As a consequence there is now a permanent cycle of corruption at play in Washington D.C.  Large corporate interests (including unions and Wall Street), assorted large special interest organizations and the super wealthy, through their financial contributions to the political parties, either make certain that their interests are protected or that they have access to government largess.   

Because of the corrupting influence of an unimaginable amount of money and power and the fact that this nation can only function politically with two national parties, the founding fathers’ vision of a government of the people, by the people and for the people is rapidly becoming one that is by and for the ruling class.

Education

Rather than view education as the means for the people to attain success in a competitive world, the nation’s elites have recast it into a vehicle for their pet theories and political views.  Whether it is the promulgation of self-esteem, the obsession with the evils of the nation’s past, or the perils the planet faces due to mankind’s very existence, among other inane curricula, the education establishment has assured that the American people are rapidly becoming among the least well-educated populations in the world.

In 2013 American 15 year olds ranked 32nd among industrialized countries in math, 20th in reading and 24th in science.  In 1988 this same age group ranked among the top 5-10 nations in the world in these same categories.  Yet by 2013 the per student spending in the United States, the highest in the world, had increased by 58% since 1988 (adjusted for inflation) while the median income of the American people has only increased by 6%.

The Culture

Perhaps no area of the American society has been so adversely impacted since 1988 as the culture. This erosion has been driven in large part by a majority of the elites determined to impose their lifestyle choices on the rest of the population.  Using the cudgel of the mainstream media and the entertainment complex, they have successfully inculcated a plurality of the American people into believing that there are no moral absolutes and that the state can grant any rights that it so chooses to whomever they choose.

Thus abortion and the subsequent sale of human body parts as well as the loss of respect for human life, the erosion of religious freedom, runaway out of wedlock birth, the glorification of violence in entertainment, and the undermining of any ethical or behavioral standards combined with a woeful educational regime has resulted in a nation without a rudder and two generations of Americans unsure of who they are and unable to cope with whatever the future may bring.

Summary
The American Ruling Class since 1988 has accomplished the unthinkable: they have placed the nation on a collision course with chaos and decline.  Virtually all their actions have either benefitted them financially or socially to the detriment of the rest of society.  Whether they are those on Wall Street making untold millions shuffling money, or the public sector unions and their never ending financial demands, or the education establishment’s obsession with ideology and funding, or the political class and their avarice and narcissism, or those whose religion is extreme but personally profitable environmentalism -- they all hide behind the fig leaf of caring and compassion for their fellow Americans.

As the 2016 election approaches a majority of the populace is beginning to realize that they have been conned and manipulated.  That, in fact, the future of the United States and that of their progeny is in serious jeopardy.  If wholesale changes are not instituted soon there will be no turning back and potentially violent internal chaos and external threats will be inevitable.  The American elites, comfortable in their current lifestyle, had better wake up to the rumbling beneath their feet before the volcano erupts.

Not since the presidential election of 1932 has the American electorate been so mired in discontent.  Despite the best efforts of the media to portray this discontentment as limited to the Republican base, numerous polls have confirmed a vast majority of the populace shares this same sense of disgruntlement.  Yet the nation’s political, academic and corporate classes, whose lifestyles have never been better than they are today, are surprised and dumbfounded by this phenomenon.  These elites prefer to look at this chapter in America’s political history as just the ranting of an immature and essentially ignorant citizenry who will, in time, see the error of their ways and settle for whatever crumbs the ruling class throws their direction.

Perhaps the explanation for this overarching angst can be made more readily apparent to the elites by painting a portrait of the America they have created since 1988 -- the high water mark of America’s power and influence -- and the near irreparable damage that has been done to this nation and its people.   

Beginning in the years following the end of the Second World War, the American populace was the benefactor of unprecedented peace, growth and prosperity -- the most resounding in the history of mankind.  Living in a nation whose future prospects seemed limitless, the people increasingly turned inward in the pursuit of leisure and lifestyle leaving the governance of the country to the various elements of the ruling class secure in the thinking that this nation’s upward trajectory was unstoppable.

The Economy

The cognoscenti declared that expansive government spending, globalization and free trade combined with a comprehensive and overarching regulatory regime determined to root out so-called corruption and inequality as well as save the planet from the over blown evils of global warming should be the course for the nation to pursue.  The result of this foolhardy and myopic scheme:

  1. In 1988 the national debt of the United States stood at $2.6 Trillion, today it is approaching $18.6 Trillion-- an increase of 615%.  On the other hand the debt of all the nations on earth has increased by only 135% since 1988.
  2. The American Gross Domestic Product has recorded a growth of 110% over the past 27 years.  By comparison global growth has been 218% and in the case of China it has been a staggering 1,900%.
  3. Among the reasons for Chinese and global growth is the American trade deficit. In 1988 this nation experienced a non-oil trade deficit of $71.1 Billion;   by 2014 this same deficit had ballooned to $458.3 Billion.  An increase of 545%.  
  4. The impact of the above in combination with an excessive regulatory regime: in 1988 23% of all jobs were in the goods producing arena, in 2015 it is 13%.  If these percentages had remained the same together with the current working age population, 34.3 million as compared to the actual level of 19.5 million would be employed in this high paying arena. Instead a significant majority of all the new job growth over the past 27 years has been in fields that pay on the average 40% less than the goods producing sector.
  5. The nation’s population has grown by 35% since 1988; however the number of employed Americans has only increased by 27% while those who have dropped out and are no longer in the labor force has escalated by 50%.  Further the number of Americans living in poverty has increased by 61%.
  6. Another factor impacting on the economic health of the American people is immigration.  In 1988 there were 16 million immigrants (including less than a million illegal aliens) living in the United States.  Today that number has skyrocketed to 42.4 million (including an estimated 12 million illegal aliens).  This enormous increase (165%) in the immigrant population has not only put pressure on a stagnant job market but it has also been a major factor in the decline of median income in the country.
  7. The upshot of all the above is that the median income for all Americans has only increased (adjusted for inflation) by 6% over the past 27 years and has declined by 4.3% since 1999.  Since 1988 the income of the top 5% has risen 39.3% (adjusted for inflation) while the income of the bottom 60% has increased just 0.5%.
One of the primary hallmarks of the United States was that of a classless society wherein economic factors allowed the citizenry to take advantage of the marketplace in order to move up or down based on their efforts and willingness to work.  However, this scenario is disappearing as the opportunities for upward mobility cease to exist and for a class driven society to dominate.  This is now a rapidly eroding economy based almost solely on consumption which cannot be sustained without a vibrant wealth creating (goods and proprietary services) sectors.

The Political Parties

As the federal government has grown exponentially through the monies it spends and its regulatory regime, the political class (which includes the bureaucracy) has become the most powerful entity in the nation.  While the nation’s economy has grown by 110% since 1988, federal government spending has skyrocketed 275% and is now approaching $4.0 Trillion (larger than the economy of Germany) making it financially the largest single entity in the history of mankind. 

There is no business, institution or private individual in the United States that does not come under the influence of this leviathan.  With so much power and opportunity to enrich oneself, the overwhelming majority of the elected and appointed members of this fraternity will do anything to remain in office. As a consequence there is now a permanent cycle of corruption at play in Washington D.C.  Large corporate interests (including unions and Wall Street), assorted large special interest organizations and the super wealthy, through their financial contributions to the political parties, either make certain that their interests are protected or that they have access to government largess.   

Because of the corrupting influence of an unimaginable amount of money and power and the fact that this nation can only function politically with two national parties, the founding fathers’ vision of a government of the people, by the people and for the people is rapidly becoming one that is by and for the ruling class.

Education

Rather than view education as the means for the people to attain success in a competitive world, the nation’s elites have recast it into a vehicle for their pet theories and political views.  Whether it is the promulgation of self-esteem, the obsession with the evils of the nation’s past, or the perils the planet faces due to mankind’s very existence, among other inane curricula, the education establishment has assured that the American people are rapidly becoming among the least well-educated populations in the world.

In 2013 American 15 year olds ranked 32nd among industrialized countries in math, 20th in reading and 24th in science.  In 1988 this same age group ranked among the top 5-10 nations in the world in these same categories.  Yet by 2013 the per student spending in the United States, the highest in the world, had increased by 58% since 1988 (adjusted for inflation) while the median income of the American people has only increased by 6%.

The Culture

Perhaps no area of the American society has been so adversely impacted since 1988 as the culture. This erosion has been driven in large part by a majority of the elites determined to impose their lifestyle choices on the rest of the population.  Using the cudgel of the mainstream media and the entertainment complex, they have successfully inculcated a plurality of the American people into believing that there are no moral absolutes and that the state can grant any rights that it so chooses to whomever they choose.

Thus abortion and the subsequent sale of human body parts as well as the loss of respect for human life, the erosion of religious freedom, runaway out of wedlock birth, the glorification of violence in entertainment, and the undermining of any ethical or behavioral standards combined with a woeful educational regime has resulted in a nation without a rudder and two generations of Americans unsure of who they are and unable to cope with whatever the future may bring.

Summary

The American Ruling Class since 1988 has accomplished the

unthinkable: they have placed the nation on a collision course with

chaos and decline.  Virtually all their actions have either benefitted

them financially or socially to the detriment of the rest of society. 

Whether they are those on Wall Street making untold millions

shuffling money, or the public sector unions and their never ending

financial demands, or the education establishment’s obsession with

ideology and funding, or the political class and their avarice and

narcissism, or those whose religion is extreme but personally

profitable environmentalism -- they all hide behind the fig leaf of

caring and compassion for their fellow Americans.


As the 2016 election approaches a majority of the populace is beginning to realize that they have been conned and manipulated.  That, in fact, the future of the United States and that of their progeny is in serious jeopardy.  If wholesale changes are not instituted soon there will be no turning back and potentially violent internal chaos and external threats will be inevitable.  The American elites, comfortable in their current lifestyle, had better wake up to the rumbling beneath their feet before the volcano erupts.








SOLD OUT AGAIN!

BILLIONS AND BILLIONS HANDED OVER TO MUSLIM DICTATORS TO REBUILD THEIR SQUALID COUNTRIES… But for America?

The flooding in South Carolina and the decay of social infrastructure





"There is no solution to the vast and sweeping  crisis confronting American society while this parasitic financial elite maintains its grip over social life. Its political stranglehold must be broken and its wealth expropriated.” 



OBAMA-CLINTONomics…. will it destroy this nation?

THE RISE of BARACK OBAMA and the FALL of AMERICA: WHO WILL ULTIMATELY PAY FOR HIS LIES AND CRIMES?

Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.


These are only the most striking of a barrage of numbers reported in recent weeks, demonstrating that for the US financial aristocracy, the Crash of 2008 has been used to engineer a historic redistribution of wealth.



THE COMING GLOBAL MELTDOWN:


a nation pays the ultimate price for OBAMA-CLINTONomics and the death of the American middle-class


OBAMA-CLINTONomics: Their cronies loot…

 “This is Obama’s new “middle class,” working for half the wages of their grandparents and barely keeping one step out of a homeless shelter.”


"Corporate profits are at their highest share of GDP since World War II, while the portion of national economic output going to labor has fallen to the lowest postwar level." 




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