I suddenly realized that GOP has reduced the gap between rich and poor..

[TheCoxwain]

We are all poor now

[redqueen]

1. Pfff...

[ladjf]

2. The rich have stashed their money until after the crash. Then they

will buy up things for ten cents on a dollar.

[thoughtcrime1984]

4. Yep, then overindulge, then ask for another bailout.

[ladjf]

12. I grew up during the last "great depression". I clearly remembering

my father explaining how the rich people went around town buying residential property for almost nothing.

[thoughtcrime1984]

13. Seems almost criminal. The rich benefitting from the plight of the poor.

Strike the word almost.

[TheCoxwain]

15. This is a great time to buy stocks if you have the cash..but all my savings is tied up in ..

you guessed it -- my 401k. ( Ive lost 38% this year)


Doesnt make sense to unload positions .... I hope I can recover in a few years after all this is done...

[ladjf]

18. Such a "hit" is indeed hard to take. I hope that you and your

family are young enough to be able to enjoy an upturn in the not too distant future and that your job is secure.

[thoughtcrime1984]

3. Malarkey

The rich remain rich, the little guys are left holding the bag, diminished 401ks.

[iiibbb]

7. You only lose if you cash out now. Until then it's just paper losses.

[thoughtcrime1984]

11. I know folks in their 60's, living off of market-driven retirement plans

They are screwn.

[Jackpine Radical]

5. No, I'm surew the upper ranks of the rich are doing just fine, as always.

It's those ocial-climbing, nouveau-riche little yuppies with a Beamer & a few million that are tonna take the hit. Teach them their place and all that, ya know. RICH means something over 100 mil. REALLY RICH begins at 1 bil.

[lapfog_1]

6. No, the "smart" money got out some time ago

and was short selling until they stopped it.

What is going on now is the further re-definition of the "upper class" to get rid of the poseurs and wanna bees... if you were a paper near millionaire because of your 401K and house equity, well, you are just a working bum again, grateful for a job. Because the REAL owners and rich bastards just yanked your dream away. That's they way they want it.

[cali]

8. exactly. in fact, the op couldn't be more wrong. the

gap between rich and poor is growing ever more swiftly.

[NorCalDem]

17. hammer meet nail. n/t

[ReadTomPaine]

14. Bingo.

:thumbsup:

[Uzybone]

9. Rubbish

The rich continue to live it up. You don't think some people are cashing in as the market crashes?

Things just get worse for the middle class and the poor.

[TheCoxwain]

10. I love the word Rubbish ....In fact I like "Roobish" with nice Yorkshire accent even better

The thing is .. "Roobish" brings one word to mind .. My 401k.

[NorCalDem]

16. If you think that ACTUAL rich people (like the superrich)

people pulling the strings behind the curtain lost ANY money during this latest financial crisis I have a bridge in Brooklyn to sell you. I bet they're all laughing on their way to the bank (well, the ones that still exist anyway) to cash the $700 billion check given to them by the American Taxpayers....

Remember how much money families like the Rockefellers, and Carnegie, and J.P. Morgan, and Vanderbilt, and dare I say, Prescott Bush lost during the first great depression? Those families were totally wiped out and have lived in poverty ever since.... ooh wait a minute...