Have you ever sat near the gate to an airplane and listened to the grumbled remarks as the First Class passenger board first?
How about the lady who ran HP and said Palin, McCain, Obama, or Biden weren't qualified to run a large corporation. The same lady who was FIRED by HP, and given a $40 million severance pay.
Yes the AIG head in the cartoon above is scheduled to receive a $5 million severance pay for failing.
McCain's wife wore $350,000 worth of dress and pearls to give her speech at the GOP convention.
The Lady Baroness Rothschild now a supporter of McCain and worth Billions of dollars (yes with a B) says that Obama is an elitist and "arrogant".
Class warfare!
It is already here.
It was renewed by Regan tax cut, and enhanced by 20 years of rePublican largess to the rich and Clintons middle of the road mildness.
It is 1930 once again. What comes next?
The Republicans are scared. They have reason. But it is not too late to pull back. Unless they keep pushing .
8 comments:
IMHO, pushing a 'class' war trumps pushing an 'illegal' war....
I guess the real question is why? Why would they want to bring that up at all? Do they want to scare all the rich people into voting to for them? That's only 2% of the population. They can't directly get any more money, having taken the Federal Election funds. So why the fear mongering. Maybe they believe it.
Whoa, I just had a very serious conversation with two retired friends. They were acquiring a house yesterday and today they are not. Today they are looking at what it would cost to take what's left of their retirement funds and buy an annuity from a triple AAA source. Their dreams of just last week have been cut down by 2/3rds.
Even that maybe optimistic.
We may not have a "class war" it might actually be a generation war.
Can't imagine what privatized social security would be down to.
The best data I can find indicates that the average 401k lost from 8 to 15% as of end of trading on Thursday. It would be reasonable to assume that privatized Social Security would have the same losses or more depending on what you invested in. I know TIAA-CREF retirees who have lost over 30% as of today because they kept their money in the more volatile portfolios hoping for a lucrative retirement.
Fridays and Mondays are always the BAD days for the stock market. So let's see what Friday brings.
-*******************************************
My cat, Visa, just published her first blog entry.
"Cultural Warriors" from Bill o'Reilly.
Post a Comment