Maybe America is not broke but a lot of people are. Looks like we are going to live in interesting times in 2012.
Here is an excerpt.
America is not broke.
Contrary to what those in power would like you to believe so that youll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. Its just that its not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.
Today just 400 Americans have the same wealth as half of all Americans combined.
Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer bailout of 2008, now have as much loot, stock and property as the assets of 155 million Americans combined. If you cant bring yourself to call that a financial coup détat, then you are simply not being honest about what you know in your heart to be true.
And I can see why. For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that wed have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite. Wall Street, the banks and the Fortune 500 now run this Republic and, until this past month, the rest of us have felt completely helpless, unable to find a way to do anything about it.
Mikey’s starting to sound like a Republican