Tag Archives: Trickle-Up Economics
Yet, America’s corporate and political leaders have intentionally been shoveling wealth into an ever-bigger pile for those at the top. They’ve gotten away with this by lying to the great majority, which has seen its share of America’s prosperity steadily disappear. Yes, they’ve told us, the rich are getting richer, but that’s just the natural workings of the new global economy, in which financial elites are rewarded for their exceptional talents, innovation, and bold risk-taking.
Horse dooties. The massive redistribution of America’s wealth from the many to the few is happening because the rich and their political puppets have rigged the system. Years of subsidized offshoring and downsizing, gutting labor rights, monkeywrenching the tax code, legalizing financial finagling, dismantling social programs, increasing the political dominance of corporate cash – these and other self-serving acts of the moneyed powers have created the conveyor belt that’s moving our wealth from the grassroots to the penthouses.
Not since the Gilded Age, which preceded and precipitated the Great Depression, have so few amassed so much of our nation’s riches. Having learned nothing from 1929’s devastating crash, nor from their own bank failures in 2008 that crushed our economy, the wealthiest of the wealthy fully intend to keep taking more for themselves at our expense.
Now, however, the people are onto their lies. In an October poll, two-thirds of Americans support increased taxes on millionaires, an end to corporate tax subsidies, and policies to more evenly distribute the wealth we all help create. This is rising egalitarianism shows the true American character, and it’s changing our politics – for the better.
- Class Warfare and It’s Corporate Underpinnings (woodgatesview.com)
- Robert Reich: The Rise of the Regressive Right and the Reawakening of America (huffingtonpost.com)
WARNING – If you’re easily offended, especially by “The F-word”, please skip this post.
- My Rebuttal to ERIC ERICKSON founder of website? “we are the 53%” is a rich 1% wanker (bonjupatten.wordpress.com)
Liberal media? HUH?
From FOX – New York: More than 20 people were reportedly arrested in a fracas outside the LaGuardia Place Citibank, after upwards of 50 demonstrators entered the bank to close their accounts.
“They were locked inside. They’re now being placed under arrest. Two individuals who were inside closing their bank accounts and then came outside were approached by an undercover cop and against their will placed under arrest simply for attempting to close their Citibank accounts in an act of peaceful protest,” one woman told spectators.
Of course, FOX was biased and did not tell the citizen’s/account-holders point of view. I don’t care if you emerged from a protest of any kind, if you have an account, you are a customer and have every right to enter the business and close your account.
This is so outrageous. The woman narrating the video was ABDUCTED from the street, for no other reason than she had been with the group choosing to close their accounts!
There is only one right thing to do now. Close you account(s) with ANY big Wall Street bank. Start with Citibank. ~ sekanblogger
Thanks to Don in Mass for this find.
- Woman arrested while trying to close her Citibank account (dangerousminds.net)
- Occupy protests spread like wildfire (politico.com)
- Bite Me, Citibank! (angrydd.wordpress.com)
Much thanks to DuncanR at THE MAD HATTERS blog for this great find.
Remember that this is a worldwide economic collapse. Although the problem(s) have their roots on Wall Street,
THE 99% includes people from all over the world.
Thanks to BIG EASY APPLE for this video (below).
- Occupy Wall Street (chaikadai.wordpress.com)
- Herman Cain is no friend of Occupy Wall Street “I… (shortformblog.tumblr.com)
- Nancy Pelosi Weighs In On Wall Street Protests, Pushes Back On Eric Cantor’s ‘Growing Mobs’ Criticism (huffingtonpost.com)
- Occupy Wall Street – Who Are The 99%? (bigeasyapple.com)
New theme song for “Occupy Wall Street”?
This was recorded in 1975, so it’s not exactly written for today’s protesters, but it sure does stand the test of time.
I’ve heard or read Shawn tell about different song’s lyrics, but not this one. Maybe it was written about the Savings and Loan Scandal. The Bush family did quite well being “bailed out” way back then, over 35 years ago!
Blunt And Frank
Mr. Blunt and Mr. Frank
Were standin’ in the halls of their 7 figure bank
Wonderin’ what in the world
They were gonna do for you
I can take the brunt
If you can take the flank
Explained Mr. Blunt to timid Mr. Frank
Wonderin’ what in the world
They were gonna do for you
We been stealin’ this money most every day
And ain’t nobody caught us in any way
But something’s tellin’ me
Now our goose is cooked
We been raisin’ our prices
On the kiddies ices
And the bedroom suites on the corner store
Don’t you think that they could go up some more?
Then with everybody jivin’
About how to be survivin’
We could bring ’em back down again
And it’s gone full circle
While the world bank wins again
Revolution no solution
To the government’s illusion
That the people are amusin’
With the prices that we’re usin’
And I think that they’re abusing
Everything that we try to do
Defamation to the nation
That is drowning in inflation
Immigration, isolation is a useless tabulation
To the calculation that the world
Is gonna want to come to you
So people in distress gonna worry nonetheless
‘Bout the monetary mess from an educated guess, never really blessed
I think we must confess it now
So people jump and shout,
Everything is out
And I’ve said what I have to say
Everybody sit back
While I get ready to play
Where you gonna go
When the people gonna know
That they’re ripping us off again
Right back down
To the same old hole we been in
Bet your bottom dollar
That you’re really gonna holler
When your friends turn you down again
Not a thin dime
To keep in you in your time of men
- Over 1000 People Turn Out To Plan Occupy Philly for Oct. 6th (crooksandliars.com)
- Dems attempt to harness anger at Wall Street (politicalticker.blogs.cnn.com)
- ‘Occupy Wall Street’ Tries to Harness Anger on the Left (usnews.com)
“Trickle-up” is an accurate description of the present condition.
I want to mention “Reaganomics, trickle-down, and public safety, all in the same short post, so let’s talk about a “tipping point” in American history.
That point would be when Reagan ‘busted’ the Air Traffic Controller’s union. That single action began the long decline that American workers, of all varieties have been on ever since. It also marked a sharp increase in industrialists gaining more and more power over politics and government.
Reagan didn’t invent this stuff, it has always been a corporate tactic to bust unions and buy politicians, but Ronnie put such a spin on it, that it made people feel that it was okay and even damned patriotic.
Good, reliable data, charted and graphed, shows that time as the starting point of the decades long rise of corporate profits. At the same time that profits rose and the wealthy thrived, blue collar worker’s ‘real’ wages stagnated.
This entire scenario puts all in our society in an increasingly dangerous class-warfare that effects public safety. Our workers and therefor our society face a new phenomena: the “flat world”.
Thomas Friedman article here:
In conclusion; The corporate buyout of American government has been complete for may years. Fox News conservatives would have you believe that regulation (protecting the public) is the big problem causing poor job growth, but that’s just not the case.
It is just this simple; we may pay $10 per hour, foreign companies may pay $10 a day. Our wages stay at the same level or decline while theirs slowly creep up. We are on our way to being the same waged employees as China and Mexico, or we will have no jobs at all.
Our middle class is disappearing into poverty while our corporate, financial and government masters get pushed up even farther into wealth and power.
List a few common sense ideas to save our middle/lower economic classes, and I’ll bet I can find the Fox News footage demonizing those same ideas as unpatriotic, nanny-state government that is just seeking to hinder business from growing and employing here.
Middle/lower classes of white people are flocking to conservatism, drinking their kool-aid, and sealing their fate in serfdom for generations to come.
Stupid is, as stupid does.
The proliferation of talking heads and lobbyists leading the stupid into their own demise on the many new forms of media, almost guarantees the continuing gridlock in government, and class warfare from the top on the bottom.
Any progressive or populist solutions to the nation’s problems are always crushed by ‘Captain Obvious”, that is, by the overwhelming amount of money being spent on propaganda (talk radio, Fox News, PAC’s, etc.) that plays to the average person’s most base emotions while ensuring nothing sensible and logical is ever presented to them.