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dajoki

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Gender: Male
Home country: USA
Current location: PA
Member since: Wed May 11, 2005, 10:48 PM
Number of posts: 10,498

About Me

I love spending time with my grandchildren and gardening.

Journal Archives

Yes, the Looting Must Stop

Yes, the Looting Must Stop
http://www.smirkingchimp.com/node/90990

Looting is the word of the day, on the lips of every newscaster, the president, and elected officials across the country. And, indeed, looting is a major problem in America

In 1981, when Ronald Reagan ended the New Deal era, crushed labor unions, and massively cut the top personal and corporate tax rates, he kicked off the most massive and widespread looting of America since the 1920s.

Working people all across the nation have seen over $7 trillion of their wealth looted by the top 1 percent just in the past two decades, reducing them from the middle class to the working poor.

Small and medium sized businesses, since Reagan stopped enforcing the Sherman AntiTrust Act in 1983, have seen their companies looted by giant monopolies and predatory banksters like Mitt Romney.

Millions of homeowners across the nation had their homes looted by thugs like Steven Mnuchen, California’s “Forclosure King,” and Wall Street banksters like Jamie Dimon, a practice that’s again exploding.

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