Saturday, January 8, 2011

New Rethug Representatives (and Old) Confused (But What's New?) GOP Victory Bankrolled by Wall Street Execs - Bernanke "No Jobs - 4 Years" - "Chosen?"

See it for yourself! Complements of Jazzbumpa's Retirement Blues. (Please read his posts prior to this prize one for some real enlightenment (and easy graphs) about our financial predicament.) Think they don't know the difference between "mendacity" and "veracity?" Or maybe some other "assity?" Cause they are certainly living it every day. It's still "Send In the Clowns" time, isn't it? When, oh when, will this disease be cured permanently? Dylan Ratigan lets us into the truth circle: GOP Victory Bankrolled by Wall Street Executives. More good news! (snark) For those with permanent jobs anyway. Ben Bernanke testifies to the facts:

The US economy is showing signs of a "self-sustaining recovery", but is not growing fast enough to reduce high jobless levels, Federal Reserve chairman Ben Bernanke has said.

Mr Bernanke told the Senate Budget Committee it could take four to five years for the job market to normalise.

And, of course, as you've heard if not experienced (emphasis marks added - Ed.).

The number of people in the US filing for bankruptcy rose by 9 percent last year to 1.53 million, as more working families fell victim to job losses, plunging home values and unforgiving creditors.

The figure was the highest since 2005 when changes in the bankruptcy laws making it more difficult and costly to file led to a sharp decline in the number of Americans seeking court protection. The recent spike in cases — despite the added costs and legal hurdles — is indicative of just how desperate large segments of the American population are despite the official claims of an economic recovery.

Over the last three years — as the economic recession and 2008 crash took hold — 4 million consumers filed for bankruptcy, with last year’s numbers matching the record levels reached before 2005. While most filers earn less than $30,000 and lack a college degree, a growing percentage of families with incomes above $60,000 and college degrees are being forced into bankruptcy.

As tens of millions are finding it impossible to pay their bills, the corporations and banks are raking in record profits, top executives are pocketing huge payouts and the richest 2 percent of the population is celebrating the tax cut handed to them by Obama and the congressional Republicans.

And for some strange reason, Liberals Are Scoffing At Daley's Chosenness (but is it a mistake?):

"This was a real mistake by the White House,” (Adam) Green, the co-founder of the Progressive Change Campaign Committee, said in a statement. “Bill Daley consistently urges the Democratic Party to pursue a corporate agenda that alienates both Independent and Democratic voters. If President Obama listens to that kind of political advice from Bill Daley, Democrats will suffer a disastrous 2012.”

Green says a big concern for progressives is Daley's opposition to the Consumer Financial Protection Bureau being overseen by Elizabeth Warren, in addition to his opposition to the "public option" during the health care debate.

Daley has argued that Democrats should seek a more moderate stance, a position that has angered liberals who were already upset with some of the compromises brokered by Obama’s previous chief of staff, Rahm Emanuel.

Sadly, Suzan ________________

2 comments:

libhom said...

Obama's choice of an evil bankster like Daley is sickening.

Suzan said...

I'm retching too, my friend.

And wondering what we can do to register our disapproval without shooting ourselves in the foot (or higher).

Thanks for telling me how you feel.

S