General Discussion
In reply to the discussion: 80% of the US Population is at or below the POVERTY line - WHY is this NOT a National Emergency??? [View all]truedelphi
(32,324 posts)Name one appointee that Obama got into a high positions relating to economics that didn't screw over the middle class? Geithner should have been tried for RICO violations - instead he got the top position at Treasury.
Do you not understand what the Bernie Sanders-insisted upon audit of the Federal Reserve meant? That SIXTEEN TRILLION Dollars went off secretly to the Biggest Banks and Biggest Huge Financial conglomerates that ever existed.
Experts have stated that some 45.7 trillion dollars of these monies will never ever ever be repaid.
Right now, 49 cents out of every dollar of profit generated in this country goes DIRECTLY into the coffers of the Biggest Banks. 49 cents!
Back during the 1980's, that amount was eight cents out of every dollar. As long s this statistic is as it is, we can't gt an economic recovery that will help the middle class.
And it is not just the Oval Office inhabitant. It is the damn bought and paid for Democrats. The VERY FIRST MAJOR INITIATIVE the Democrats undertook when they secured their majority in Congress, circa Jan 2007, was to up the costs of postage for very small business firms, and individuals, while discounting the major businesses like Amazon and Time/Warner.
This means a modest enterprise like the one I run basically gives up and lets Amazon handle books sales (I help run a small publishing firm.) So the company gets screwed twice - once should we mail off anything, and do it at accelerated rates. And secondly when we allow Amazon to take over the book sales. And the main reason for allowing them to do this is this: they have the more convenient cheaper postage and Amazon has been free of sales tax situation!