Reality check : The 56 trillion hole !

This is not so much a 'fire sale' as the looting of America.

At the other side of this 'shake out' (or 'shake down depending on which side you're on) a tiny elite will have increased its share of total wealth. Before the bailout about one percent owned over 90 percent of wealth. Eventually, about half that will own some 99 percent of all wealth. We are all SOOOOO screwed.

This is a class war by any other name...

Since the Bush Putsch in 2000, median income has fallen 5.9%.

Mr. Bush and friends are offering us an "ownership" society. But he didn't mention who already owns it. The richest fifth of America owns 83% of all shares in the stock market. But that's a bit misleading because most of that, 53% of all the stock, is owned by just one percent of American households.

And what does the Wealthy One Percent want? Answer: more wealth. Where will they get it? As with a tube of toothpaste, they're squeezing it from the bottom. Median paychecks have gone down by 5.9% during the current regime, but Americans in the bottom fifth have seen their incomes sliced by 20%.

At the other end, CEO pay at the Fortune 500 has bloated by 51% during the first four years of the Bush regime to an average of $8.1 million per annum.

So who's winning? It's a crude indicator, but let's take a peek at the Class War body count.

When Reagan took power in 1980, the One Percent possessed 33% of America's wealth as measured by capital income. By 2006, the One Percent has swallowed over half of all America's assets, from sea to shining sea. One hundred fifty million Americans altogether own less than 3% of all private assets.

Yes, American middle-class house values are up, but we're blowing that gain to stay alive. Edward Wolff, the New York University expert on income, explained to me that, "The middle class is mortgaging itself to death." As a result of mortgaging our new equity, 60% of all households have seen a decline in net worth.

Is America getting poorer? No, just its people, We the Median. In fact, we are producing an astonishing amount of new wealth in the USA. We are a lean, mean production machine. Output per worker in BushAmerica zoomed by 15% over four years through 2004. Problem is, although worker productivity keeps rising, the producers are getting less and less of it.

Today's Pig is Tomorrow's Bacon
http://www.gregpalast.com/todays-pig-is-tomorrows-bacon-a-labor-day-recipe/

I think everyone should do two things on November 4th. Vote and change there W-4 form on the line were you write in EXEMPT and do so. If 1million amerians did this and more were to follow itwould send a message to the Jackasses in Washington that they are all fired. No taxes equals change for sure.

We need to go back to the basics; Re-establish our government. Its so fucked it in DC. Do you really know which ones to trust? Dems are as messed up as Repubs. Theyre all in on it.

"It is genuinely incredible. The U.S. Treasury is empty, we are losing that stupid, fraudulent chickencrap war in Iraq, and every country in the world except a handful of corrupt Brits despises us. We are losers, and that is the one unforgivable sin in America."

"Beyond that, we have lost the respect of the world and lost two disastrous wars in three years. Afghanistan is lost, Iraq is a permanent war zone, our national economy is crashing all around us, the Pentagon's ‘war strategy’ has failed miserably, nobody has any money to spend, and our once-mighty U.S. America is paralyzed by mutinies in Iraq and even Fort Bragg. "

"The American nation is in the worst condition I can remember in my lifetime, and our prospects for the immediate future are even worse. I am surprised and embarrassed to be a part of the first American generation to leave the country in far worse shape than it was when we first came into it. Our highway system is crumbling, our police are dishonest, our children are poor, our vaunted Social Security, once the envy of the world, has been looted and neglected and destroyed by the same gang of ignorant greed-crazed bastards who brought us Vietnam, Afghanistan, the disastrous Gaza Strip and ignominious defeat all over the world. The stock market will never come back, our armies will never again be No. 1."

"We have become a monster in the eyes of the whole world – a nation of bullies and bastards who would rather kill than live peacefully. We are not just whores for power and oil, but killer whores with hate and fear in our hearts. We are human scum, and that is how history will judge us… No redeeming social value. Just whores. Get out of our way, or we’ll kill you." – Hunter S. Thompson

Humor is the politeness of despair said the optimist ;)

American policy = money pit... this catastrophy has got to change. The most damaging factor in Washington is that there are so many corrupt individuals, from both sides of the isle, that are in on the whole scheme of thiings... there needs to be a virus invented that attacks and destroys corruption, governmental or otherwise. Or we the people could just stand up against all of the unscrupulous behavior and demand ACCOUNTABILITY by weeding out the undesirables....

When the next great flood comes, a lot of changes will take place... soon...