Truth-O-Meter Says Michael Moore corrrect: 400 Americans have more wealth than 1/2 of the rest

[1776Forever]

The Truth-O-Meter Says:

Michael Moore on Saturday, March 5th, 2011 in a speech to protesters in Madison, Wisconsin

"Just 400 Americans -- 400 -- have more wealth than half of all Americans combined."



Right now, this afternoon, just 400 Americans -- 400 -- have more wealth than half of all Americans combined," Moore avowed to tens of thousands of protesters.

"Let me say that again. And please, someone in the mainstream media, just repeat this fact once; we’re not greedy, we’ll be happy to hear it just once.

"Four hundred obscenely wealthy individuals, 400 little Mubaraks -- most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 -- now have more cash, stock and property than the assets of 155 million Americans combined."

(more at link)

http://j.mp/fdXRU9

............

Here's the list of the top 400 from Forbes:

http://www.forbes.com/wealth/forbes-400

Go Michael!

[Peter1x9]

1. original link was invalid, found the working one

here:
http://www.politifact.com/wisconsin/statements/2011/mar/10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/

[1776Forever]

5. Thank you changed it out with Michael's tweet link. n/t

[hifiguy]

2. Moore does his homework

I am not surprised in the least that this is true.

[femrap]

3. Hell, just the Walton Family

(the Wal-mart pukes) have more $$$$$ than the bottom 1/3rd of our nation. And that bottom third is 100 million people!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

:puke: :puke: :puke: :mad: :mad: :mad: :mad: :wtf: :wtf: :wtf: :argh: :argh: :argh: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow: :wow:

[subterranean]

4. Do they have enough to start creating jobs yet?

[walldude]

6. Apparently not until wages are down to a buck an hour...

But they are getting there!

[1776Forever]

8. You reminded me of this from Ted Kennedy:

http://www.youtube.com/watch?v=SicFn8rqPPE

God Bless him! I will never forget him and thank God we had him as long as we did!

[TheKentuckian]

7. I find it bizarre that anyone would think this is sustainable.

The bottom 80% are picking at bones, the bottom 60% don't have a pot to piss in, and the situation for the bottom 40% would choke up Marie Antoinette they are so busted.

How in the world is an economy supposed to function with this level of disparity?

[MichiganVote]

11. It won't. Its the next bubble to burst. Like a putrid blister. Which means more trouble for us.

[Marblehead]

9. when I travel

I see the same stores everywhere and of course wal mart. I can't even find a local hardware store anymore. There could be millions of small businesses if these mega stores would fall.

[1776Forever]

10. So true! My little Ohio town used to be full of stores now only a few downtown survive. I was

thinking about how young people don't know what it is like to have a selection of places to shop accept in a mall and then it is only mostly clothing stores.