WHAT CAN BE DONE TO SAVE THE MIDDLE CLASS?
GOP = SCREWS THE MIDDLE CLASS AGAIN AND AGAIN = HAVE BEEN FOR 45 YEARS!
THIS GOP DID NOT END SLAVERY = THEY MOVED IT TO ASlA! BUT THE LINCOLN GOP DID BUT THAT ENDED WITH EISENHOWER!
MIDDLE CLASS WAS SCREWED BY BILLIONAIRE AND BANKSTER SCAMS AS THEIR WEALTH DECLINED BY ALMOST $5O,OOO to ONLY $77,3OO or a decrease of 63% of their Remaining Wealth:
SOURCE: Federal Reserve Report 2010 and http://www.theburningplatform.com/2012/06/21/who-destroyed-the-middle-class-part-1/
A catastrophic impact of the BANKSTER COLLAPSE on Middle Class Households
“The reason for the epic collapse of middle class net worth is quite simple when viewed from a 10,000 foot elevation. The great descent in net worth was primarily due to the bursting of the (Bankster owned) Federal Reserve created real estate bubble (Bush Housing Ownership Society).”
— Neil Howe
28% plunge in Case Shiller Home Price Index between 2007 and 2010.
The wealth destruction was concentrated among the working middle class because their homes accounted for the vast majority of their household net worth.
39% Decline in median net worth over a three year time frame – was incomprehensible.
The middle class decline is the sory of a powerful, connected O.1%, enriched at the expense of the middle class.
Decline continues through 2012 for average housholds.
7.7% decline in Median family income over a three year time frame = not recovered
6.3% decline in Median family income of $48,900 since 2001 to 45,800 in 2010.
93% of the ‘recovery’ income in 2009 and 2010 went to TOP 1%.
Corporations reap RECORD INCOMES and Stock Markets are at RECORD LEVELS in 2013
The financial oligarchy purposefully understates inflation so the masses remain pacified so the real decline in median household income is 20+% since 2001.
58,000 Factories and 12,OOO,OOOO White-Collar and Blue-Collar jobs were shipped out by the Oligarchy to slave labor countries mostly in Asia since 1970 causing the decline in median income and a gutted manufacturing base.
The Oligarchy captured mainstream media tells the average American it is all there fault – Americans don’t seem to understand this use of globalized slavery to damage their lives:
46 million people on food stamps
$15 trillion increase in the National Debt since 1978
Federal Reserve Documents the Destruction of the Middle Class in 2010 Report
The oligarchs, who gutted our industrial base, next have impoverishing OUR YOUTH with crushing college debt with the false promise of decent paying jobs when they graduate with a degree from the University of Phoenix = hundreds of PRIVATIZED for profit diploma mills exploiting funded by the easy Federal government debt from SALLlE MAE used to bilk or youthful unemployed.
$3O,OOO+ average student loan debt per student ranging up to several hundred thousand for PhD students is a $1+ trillion DEBT MAKER for the Banks and government to blow another bubble. The Middle Class taxpayer is on the hook for the billions in loses that will surely follow.
GOP and CORP DEMS did a 1999 bipartisan screw job on the Middle Class that was initiated by Rubin, Gramm and Leach and signed by Clinton (repealing the Glass-Steagall Act and expanding the UNREGULATED DERIVATIVES SCAM) which led to the GOP-Bush Housing Scams to foster the banks reckless greed and hubris.
Of course, all the BIG BANK SCAMMERS were PROTECTED by TOO-BIG-TOO-FAIL MIDDLE CLASS Bailouts and FED “UNDER THE TABLE BAILOUTS” (the FED Greenspan-Bernanke PROTECTION) so Wall Street could go ahead and leverage and dump their risks on their CLIENTS in pursuit of vast personal riches with ZERO CONCERN FOR FAILURE! Heads they won, tails you lost. It’s good to own the politicians, regulators, and media.