Bush's Gilded Age Crime-Poor Go Homeless-Rich Gets Bailout

[EV_Ares]

Driving to the Naval Academy at Annapolis, the route goes through poor neighborhoods where house after house have signs: For Sale.

What this really means is: foreclosed.

Listening to Jimmy Cramer yell and scream on CNBC about how “there is so much pain
out there,” he was not referring to underpaid American troops, or homeless American poor, but the banks, hedge funds and private equity deal-makers whose hundreds of millions of dollars have been reduced to hundreds of millions of dollars.

In fact, the great pain suffered on Wall Street is this: At the market close this past Thursday, the Dow Jones average was up 3 percent, down from an all-time record high only several weeks ago.

These are tough times for the wealthy.

What has happened during the Bush years, with the Bush ethic of “grab all you can” greed, is the stench of a new Gilded Age that is morally disgraceful, economically unsustainable and politically deadly for Republicans if the Democrats speak clearly against this.

Hillary would probably argue that the wealthy, like special-interest lobbyists, are just plan old Americans who never influence government with their money. Some in Congress will have to interrupt their fundraisers and offend their campaign contributors. For most Democrats, this is the issue of a lifetime, the stuff of which landslides are made of.

Is it right that American troops are told we can’t afford to give them body armor and protected vehicles, so they die preventable deaths, while the highest-income 1 percent receive huge tax cuts?

((((Rest of the story & points @ link))))

http://pundits.thehill.com/2007/08/17/gilded-age-crime-poor-go-homeless-wealthy-get-bailouts/

[smirkymonkey]

1. K&R

I would say something, but my head is about to explode. :kick: