WALL STREET OF AMERICA

[clarence swinney]

Formerly The United States Of America

Rape of The Middle Class

EMPIRE DESTRUCTION

1980 to 2007

20 YEARS OF 3 CONSERVATIVE PRESIDENTS
18 years Conservative Senate
12 years Conservative House
6 years Total Conservative Control

Redistribution of Wealth to top 20%.

Folk! It is downhill slide for Middle Class.

FACTS---numbers rounded-

1946--1% owned 30% of Total Wealth

1980—20%--a 33% decline due to Estate Tax and High Top Income Tax Rate.

thence cometh conservatism

1989-36%

80% Increase in 8 years of Reaganism

1993-47%

2007--20% owned 93% of Total non home Financial Wealth

80% owned equity in homes.

Most major corporations are owned by WALL STREET RICH MEN CASINO

In 1945, corporations paid 35.4% of federal revenues and 7.4% in 2003

In 2000, 45% of corporations with revenue over 50 million paid no federal tax

Five Wall Street Banks own 75% of all Bank Deposits in America. 5.

Two own 20%.

Think that is not POWER???

FACT CHECK

In 8 years of Bush with 6 years of Total Control

They (wall street rich) created a Net New Jobs of 3000 per month.

Why? That is NET. You take the new jobs created and subtract the ones sent to China, etc

3000! Wow!

Bush took over after Clinton had created 237,000 Net New Jobs per month.

Clinton left Bush a spending of 1830 B Per Year.

Bush doubled it to 3600 B.

Bush inherited a 5700B Debt from Clinton. He took it to 11,500B

20 years of 3 conservative presidents did this horrible thing.

Took the Debt of less than 1000B after 200 years and added on 8000B.

In 2009 they are spinning big time to blame Obama for huge debt.

Conservatives will spend millions to cover up their Big Recession.

Much of that 8000B Debt add-on went to WALL STREET GAMBLERS.

The people do not know what has happened to them.

Forbes list of 400 Richest reveals how many became Billionaires via corporate
takeovers and Hedge Gambling

Right Wingers yell Rich Pay most of taxes.

Income Taxes!Yes! They have most of the money.

Yet! Conservatives transferred much of taxation from Rich to Middle Class. Reagan voiding REVENUE SHARING a disaster for Middle Class where taxes were transferred from Rich Income taxes to Middle Class in State and Local Taxes. Was it by design?

Was it a Designed Act of taxation transfer by Conservatives.

In 2008 the Middle Class paid 30% of nominal Income in Federal-State-Local Taxes.
Top 10% paid 30% also. Progressive tax system?

Social Security Tax Increase in 1983 was it designed to hit the Middle Class and ease on the rich?

Greenspan + Reagan. 6.2% Tax on Middle Class. One earns $50,000 pays 6.2%. Earns $1,000,00 pays 6.4%. Earns $10,000,000 pays 1/10th of 1%. By design to keep rich rich?

Was Destruction of S&Ls a deliberate act of wealth transfer from 400 local investors to individual Rich on Wall Street?

Key actor Michael Milken became a Multiple Billionaire with income of 550 Million in one year from raiding S&L deposits (plus) for his Rich Corporate Raiders on Wall Street.

Raiders like Perelman and Ichan became multiple Billionaires.
Sweat of Brow? Ho Ho.

Bush I had to borrow 140 Billion on 40 year bonds to pay for the raids on S&L's by Wall Streeters.
140B creates many Billionaires and Millionaires. Depositors money was used by those Corporate Raiders and bankrupted the S&L then the government pay off to depositors by Federal Deposit Insurance created Debt for Middle Class.

RAPE OF MIDDLE CLASS 1980-2007

Same ideology gave us Great Depression now Great Recession.

It is not a Depression due to:

Democratic Social Safety Nets such as
Social Security and Medicare

Only the uninformed vote to send conservatives to Washington.

Some type of Revolt will take place in next decade.

Democrats will continue to allow Conservatives with their huge right wing talk shows spreading lies to blame them.

Democrats need a national Megaphone informing all the people as to what has been done and how they have been RAPED by a few million RICH on Wall Street who have taken their Wealth.

I ask one thing.

PROVE ME WRONG. With numbers and facts not usual vile name calling

[e-mail]
author-Lifeaholic-Workaholic to Lifeaholic success
author-unpublished
All American Party-How Democrats created a great successful Middle Class and how Conservatives are determined to destroy it

[endless october]

1. one addendum to your list.

Clinton signed NAFTA. easily one of the most destructive tools Wall Street has been given in the past 30 years.

it did exactly what the critics feared it would do : gutted unions and sent jobs to low wage, non-OSHA labor markets.

he should have vetoed it.

[clarence swinney]

2. Mexico no big deal

Remove Imports of OIL.

Our jobs were going to the border usa firms long before Clinton.

For six months after Nafta our Exports were much larger than imports form Mexico.
Then PESO TANKED.
Mexico could not afford basics such as food so could not buy our products.

CHINA not Mexico. Globalization not Mexico. Yes! Many thousands of jobs have gone to Mexico. Peanuts to China.

China is booming and can afford to subsidize foreign firms with huge plants

Remember the Decade when Europe was screaming USA taking over rally manufacturing.

Illegal Immigration bigger problem. None and unemployment would be 5% not 10%.

I agree that Nafta was wrong. It should have been vetoed. Clinton was/is a globaliazer.

[e-mail]

[dysfunctional press]

4. "For six months after Nafta our Exports were much larger than imports form Mexico."

how much of that consisted of raw materials and factory machinery to set up production of goods that had previously been made in the u.s....?

just spouting numbers doesn't tell NEARLY the whole story.

[dysfunctional press]

3. clinton didn't create' 237,000 Net New Jobs per month'...

the tech boom, y2k, and the inflation of the housing bubble did most of that.

are you trying to argue that signing nafta was a positive thing for american job growth?