Message from the peons to the "ruling elites":
Let them eat cake.
Posted on 12/27/2009 12:18:49 AM PST by TigerLikesRooster
Grasping bankers bring back fears of class warfare
Americans will remember 2009 as the year that class warfare reared its ugly head
Irwin Stelzer American Account
No sense in wasting too much of this year-end report on what you already know.
The financial sector is back from the brink. The largest banks have been able to raise capital and earnings sufficiently to repay their government bailout loans and have enough left over for generous bonuses. Share prices have recovered half the losses made since they peaked. Sales of existing homes are at close to a three-year high, but the sector has a glut of new homes. The job market is improving, but the unemployment rate is in double digits, and almost 40% of those out of work have been jobless for 27 weeks or longer. The American healthcare system is about to be placed under government control. Ben Bernanke is to be confirmed for another term as chairman of the Federal Reserve Board while he figures out when and how to drain liquidity from the system. And President Barack Obama, although still popular, has seen his popularity rating drop below that of Bill Clinton and George W Bush at this time in their presidential careers.
So much for what is obvious even to the casual observer. Less obvious are some important changes that are likely to be with us long after the current recession is history.
For years, perhaps decades to come, Americans will be whittling away at the mountain of debt the Obama administration has built. On the day before Christmas, immediately after passing the healthcare bill, the Senate joined the House in raising the debt ceiling so that the administration could borrow enough — $290 billion — to keep the government running, but only for a few months.
(Excerpt) Read more at business.timesonline.co.uk ...
No wonder faithful establishment spinner like Irwin gets scared. Of course, to him, it would be only seen as a class warfare. However, when ruling elites are so out of control, should peons just sit quiet and say nothing?
Ping!
The Civil War
The Great Society
and every other spending program we have been dealing with in trying to provide for people who were affected by the European slave traders who profited from others' misery.
The Civil War
The Great Society
and every other spending program we have been dealing with in trying to provide for people who were affected by the European slave traders who profited from others' misery.
We’ve had over three decades of class warfare and resulting corporate-socialism in the USA.
In the current world regime, the dollar must fall regardless of political policies. For example, we cannot continue to take both products and money from investors in South Korea. We must manufacture products at equal levels for trade, or the USA will default.
A bill for WWII might be in order as well...
Prince Barry Antoinette and his financial fairy statist say, what’s their problem, just let them spend more!
Both should recieve the Mussolini treatment in Times Square!
South Korea for years of defense
Japan for years of defense
Germany for bases we have closed and handed over, plus years of defense
First of a bunch of stuff in the beginning of the article is just bull crap the economy is not getting better. I don’t see any of this as class warfare I see what happened as Fascism by obama and the banks and people revolting.
It is NOT class warfare not to want to pay them billions of dollars for their Failure.
Why should we be expected to bear the losses while they privatized the profits and donated to people like obama and acorn and wanted to push climate gate.
Nonsense people should start pointing out what is really going on and that is our government has been captured and they have privatized the profits and socialized the losses and obama said his greatest accomplishment was the bailouts.
I have posted the payoffs over and over I hope people are starting to understand articles like this are nothing but propaganda to sway people from seeing the truth using the stigma of class warfare if anyone has used it is the too big to fail bankers against the citizens to further their continuing robbery of the taxpayers of the USA.
See payoff links here
http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/
http://www.opensecrets.org/orgs/list.php?order=A
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
http://www.businessinsider.com/goldman-sachs-changes-its-status-to-financial-holding-company-2009-8
http://www.ritholtz.com/blog/2009/03/backdoor-bailouts-for-goldman-sachs/
http://www.noquarterusa.net/blog/2009/07/02/will-cap-and-trade-be-the-next-bubble/
http://www.salon.com/opinion/greenwald/2009/04/04/summers/
http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html
http://www.nytimes.com/2009/07/19/business/19dimon.html
http://www.americanthinker.com/2009/07/will_dems_allow_goldman_to_man.html
U.S.gave ve up billions in tax money in deal for Citigroup’s bailout repayment
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534.html?hpid=topnews
http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout/print
http://nlpc.org/stories/2009/09/27/taxpayer-owned-citigroup-still-bankrolling-acorn
http://nlpc.org/stories/2009/09/21/bank-america-acorn-%E2%80%98partner%E2%80%99-and-major-funder
www.washingtonpost.com/wp-dyn/content/article/2009/12/22/AR2009122202101.html?hpid=topnews
motherjones.com/politics/2010/01/too-big-jail
Others are still steadfastly in denial or spouting garbage which they know are the boldfaced lie.
About that fat bankers thing another load of crap
“It’s a p.r. stunt,” says an executive at one of the banks that will be getting a dressing-down at the White House meeting.
Read more: http://www.time.com/time/business/article/0,8599,1947411,00.html#ixzz0auF64ELF
[Actually, one way to reduce our debt is to sue England and Holland for bringing slaves to this country.]
Bump that!
“COMMERCE BETWEEN MASTER AND SLAVE IS DESPOTISM”
—Thomas Jefferson
“Special Relationship My Arse”
—LomanBill
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