Our Economy

“I say to you, as you did it to one of the least of these my brethren, you did it to Me” Jesus Christ ,Matthew 25:40

“There’s room at the top they are telling you still…….but first you must learn to smile while you kill! If you want to be like the folks on the hill.” John Lennon

Thank You for reading……….

If you think that Fanny Mae was fucking Freddie Mac and then they got AIG from unprotected sex please kill your self now because you are a huge part of the problem.

This week has been one of the worst weeks in the history of modern capitalism. With central banks all over the world trying to inject money into the falling system and our own “government” spending upwards of 900 billion dollars to rescue companies that where once thought to be stable. You have every right to think that things are bad and will be getting worse I mean wait till they figure out that the credit card debt will make the housing crisis look like a walk in the park. I am not going to get into how these problems are a result of greed, over speculation, deregulation and the utter disreguard and duping of the American people. Nor will I get into how the recent spike and fall in the price of oil was criminal collusion and treason. I want to talk about how we will bail out the rich to the tune of 900 billion dollars and fight a war based on LIES, solely for oil ,to the tune of $554,869,520,582.00 (http://www.nationalpriorities.org/costofwar_home) but wont do one thing for the American People.

This Administration and their speculator friends have not only declared war on an enemy of their own creation, but they also have declared war on you the American people. Don’t believe me? Lets take a look at excerpts of a report on the Center on Budget and Policy Priorities web site (witch I encourage you to read in full) about how this “economic expansion “ between the years of 2001-2007, affected us ,the American People.

“This marks the first time on record that poverty and the incomes of typical working-age households have worsened despite six consecutive years of economic growth. The new data show that in terms of poverty and median income, the economic expansion that started at the end of 2001 was the worst on record. The data provide fresh evidence that the gains from the expansion were quite uneven and flowed primarily to high-income households.”

“The child poverty rate climbed from 17.4 percent in 2006 to 18.0 percent in 2007”

“The economic expansion produced no gain in median income for the group normally most helped by economic growth — non-elderly households”

“The Census data released today appear to show a slight decline in inequality between 2006 and 2007. This component of the Census data, however, is not reliable. It is well known among analysts that for methodological reasons, Census data are not a good measure of trends in inequality. The Census data fail to capture a substantial amount of income at the top of the income scale, in part because the Census Bureau records income only up to certain specified levels. For example, Census does not count earnings above $999,999; if an individual has a job paying $5 million, Census records the individual’s earnings as $999,999. If the individual’s earnings climb from $5 million to $10 million, Census records the individual’s income as remaining flat at $999,999. (The Census Bureau does this to insure confidentiality.) The Census data also leave out all capital gains income, which flows disproportionately to the most affluent households.”

“In the poverty data the Census Bureau released today, Americans are considered poor if their annual incomes in 2006 were below $16,530 for a three-person family, equivalent to $1,380 a month. For a family of four, the poverty line was $21,200 a year, or $1,770 a month.
http://www.cbpp.org/8-26-08pov.htm

Interesting isn’t it and we are spending our tax money to keep this system from falling apart instead of doing something about the poverty and stagnation it creates. The rich and well to do may have taken huge hits over the past couple weeks but we all have been getting killed over the last 7 years. Instead of multi billion dollar buy outs, why not give us a single payer national health care plan witch wouldn’t cost shit and would save us money? Or replace the money you stole from the Social Security Trust Fund or extend unemployment benefits? Or may be you should beg for forgiveness because Christ says that, what ever you do to the least of my brothers and sisters you do unto Me! You better hope there is no God.

Buckle Up.