This email was forwarded to me today...unfortunately, the original author wasn't credited for writing this, but I thought the point it made was so strong that I had to share it anyways. Republicans are always being accused of being pro-big business, while Democrats always claim to be "for the little people." With Democrats in power over the past few years, this points out something different. Tell me, what do YOU think?
The United State government took dramatic attempts to "save the economy"
during the late, great financial crisis, resulting in a massive increase in
US government debt. But who was really saved?
New estimates from the Gallup group show that almost 1 in 5 Americans are
either unemployed or underemployed, working less than they would like.
Commodities prices have risen, driving increased food and energy costs
around the world; a gallon of gasoline is about 17% more expensive than it
was a year ago. Housing is the biggest asset for most Americans, but house
values continue to decline. With far fewer jobs, rising costs for basic
goods, and falling house prices, clearly it was not the working class that
was rescued.
On the other hand, stocks, held disproportionately by the wealthy, have
doubled in value from crisis lows, bonuses for those working on Wall Street
have hit record levels, and star hedge fund trader John Paulsen personally
made $5 billion last year.
Essentially, the government engineered a massive transfer of wealth to the
corporate sector, at taxpayer risk and expense.
President Reagan used to say: "The most terrifying words in the English
language are: 'I'm from the government and I'm here to help.'" The lower
you are on the food chain, the truer that statement becomes.
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