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alstry (35.46)

Is America Headed For Another Uncivil Civil War

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October 18, 2011 – Comments (1)

WHY ARE THE PROTESTERS REALLY UPSET? it is really pretty simple:

In 2008, due to excessive, fraudulent, and predatory lending, the global financial system essentially collapsed. 
As a result, the government bailed out banks and financial assets to keep the economy functioning. 
According to the Barofsky Report, the taxpayer bailout, funded by WE THE PEOPLE, could exceed $23 TRILLION dollars.   
It is top few percent of the population that owns the vast majority of the financial assets, most of the population has a small or no exposure.  
Warren Buffett admitted in a N.Y Times Op Ed that if the bailout didn't occur, Berkshire Hathaway would have gone bankrupt. 
In essence, the top few percent got the BIGGEST handout/entitlement payment in human history....while the vast majority of taxpayers got relatively little.
If you do the math, it works out to over $2 million dollars for every man, women, and child in the top few percent of the American population.
This money, trillions and trillions of TAXPAYER dollars, was simply handed to to the wealthy, without most authorizing or understanding what happened.
Some, like Warren Buffett, benefitted a lot more ($50 Billion Dollars), others much less. 
For those NOT bailed out, many lost their jobs, evaporated their savings, and saw their homes foreclosed and taken away.
Since primarily financial assets were bailed out, and not the underlying stream of cash flow they represent, the REAL economy kept collapsing. 
Consequently, millions of citizens are suffering, while those that were bailed out by government (WE THE PEOPLE) are enjoying unprecedented prosperity.
Unless we restructure the system, millions of additional citizens/families will join the suffering including students, veterans, teachers, police officers, firefighters, etc... 
If we think citizens will not demand their inalienable rights as more and more become distressed and figure out what happened...we are not thinking.

In an Industrial Economy where money/financial assets obtains food, water, fuel, and shelter... if you simply hand TRILLIONS of taxpayer (WE THE PEOPLE) dollars to the top few percent, while most get little or nothing, you should expect those receiving little or nothing, and barely surviving, to get very frustrated.

1 Comments – Post Your Own

#1) On October 18, 2011 at 6:06 PM, alstry (35.46) wrote:

THE DEFICIT IS THE ECONOMY STUPID....

IRS: Budget cuts would hurt service, raise deficit...

hmmmm....we are running a budget deficit.....and cutting the budget increases the deficit......then, logically, the deficit is the driver of the budget.

It is amazing how so many are adopting alstry's views these days.

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