The rich get richer and income inequality in America continues with no end in sight. The latest evidence is from the social security administration The gap between rich and the rest of us continues to grow.
One might think that $11 dollars less per month in food stamps for an individual is not a big deal. But considering the maximum monthly amount one could have is $200 a month, now $189, it is. A whopping 15% of the population are on food stamps and now will experience a 5.4% cut in benefits, just in time for the holidays. As of July 2013, 47,637,407 people were receiving SNAP benefits.
We have heard a great deal this year about manufacturing coming back to the United States. We hear about the diminishing wage gap in some Asian countries and the possibility of lower U.S. energy prices.
This week in outrageous economic shorts we quote insightful articles covering the JPMorgan Chase $13 billion settlement for bundling bad mortgages and pawning them off to unsuspecting investors. The case is due to the actions of two acquisitions made by JPMorgan Chase, Bear Stearns and Washington Mutual.
Tonight's documentary is Inside Job. Made in 2010, this is probably the best documentary on the financial crisis and it also won an Academy award. It should also make your blood boil and then bubble over considering business as usual is still going on. The conflicts of interest alone exposed in this film will stun you In short it's a must see and if you have watched it already, well, see it again.
Obama wants to import more foreign guest workers than there could possibly be jobs for in the United States per the demands of cheap labor corporate lobbyists. Yet again, instead of focusing in on jobs for Americans, Obama is busy pushing comprehensive immigration reform which will absolutely decimate U.S. workers by flooding the very weak U.S. labor market.
America has a problem, a big one, the middle class has been wiped out. It is economic genocide and the target is most of America. The statistics just continue to pour in on how poorly America is doing. Even as the great manufactured crisis is over in D.C., the political agenda once again has nothing to do with helping America's middle class. Why jobs are not job #1 by this government we do not know.
Say what you will about the Tea Party – they know how to get their message across. Some of that message is steeped in fear about changes in the United States that are eroding the “natural order” of white people dominating all political, cultural, social, military and other institutions. When a mixed-race inner city politician was elected as president, it was just too much for many older, white Republicans, who decided that Barack Obama was an illegitimate president whose policies simply had to be opposed.
Congress at the midnight hour has passed a deal to re-open the government and raise the debt ceiling, yet this deal is amazingly short lived. The political theater has been unbelievable and once again the problem with America's economy is completely irresponsible politics versus external events. Instead of focusing in on the responsible thing, which of course is to not destroy the United States and global economy, the press is now having a field day with who blinked first in this very dangerous game of political chicken.
Brought to you by the GOP - Manufacturing artificial crises one at a time to rob you blind....again.
Good Morning! Rise and Shine! Get that Cup O' Joe...
break out the O.J....hang out with the pooch...for it's time to check out the funny slams and bams of government shutdown and economic Armageddon.
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