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A Tribute to Bernie Sanders

Discussion in 'BBS Hangout: Debate & Discussion' started by Sweet Lou 4 2, Dec 10, 2010.

  1. Sweet Lou 4 2

    Sweet Lou 4 2 Member
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    While Obama and the Republicans sold America out one last final time, one guy gave it to us straight. Sadly, I think it's too late:

    • 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
    • 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
    • 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
    • 36 percent of Americans say that they don't contribute anything to retirement savings.
    • A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
    • 24 percent of American workers say that they have postponed their planned retirement age in the past year.
    • Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
    • Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
    • For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
    • In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
    • As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
    • The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
    • Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
    • In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
    • The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
    • In America today, the average time needed to find a job has risen to a record 35.2 weeks.
    • More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
    • or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
    • This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
    • Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
    • Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
    • The top 10 percent of Americans now earn around 50 percent of our national income.


    http://finance.yahoo.com/tech-ticker/the-u.s.-middle-class-is-being-wiped-out-here's-the-stats-to-prove-it-520657.html?tickers=^DJI,^GSPC,SPY,MCD,WMT,XRT,DIA


    I don't think it's reversible. The country is so divided and people so misinformed there's no way to get back on track. America's best days are indeed behind us.
     
  2. thadeus

    thadeus Member

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    Quick! Act like nothing's wrong!
     
  3. Rashmon

    Rashmon Member

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    Bernie has no sense of humor, I think his brother Larry is much funnier.
     
  4. rtsy

    rtsy Member

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    I know what to do: BAN HAPPY MEAL TOYS.
     
  5. Commodore

    Commodore Member

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    Are you entitled to the wealth of others?
     
  6. Sweet Lou 4 2

    Sweet Lou 4 2 Member
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    No, but the wealthy are entitled to yours though.
     
  7. Sweet Lou 4 2

    Sweet Lou 4 2 Member
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    I know what to do! Complain about fast food bans and Obama giving up the podium to a former Prez!

    That'll solve all our problems!

    rtsy? Couldn't you even pick a better nick?

    Seriously, brah!
    ;)
     
  8. Commodore

    Commodore Member

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    How so? What's forcing me to give them my wealth?
     
  9. Rashmon

    Rashmon Member

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    <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/BYRTK62pVWQ?fs=1&amp;hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/BYRTK62pVWQ?fs=1&amp;hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
     
  10. Sweet Lou 4 2

    Sweet Lou 4 2 Member
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    we extract it from you in oh so many ways.
     
  11. Northside Storm

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    Another interesting facet-

    http://abcnews.go.com/US/story?id=2270473&page=1

    Perhaps explains why certain facets of American leadership are so war-prone these days, with so few contact points with war and so little risk.

     
  12. Raven

    Raven Member

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    Depends on how they acquired it.
     
  13. Sweet Lou 4 2

    Sweet Lou 4 2 Member
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    The problem isn't how they acquire it - forget about the fees and fine print. That's nothing.

    It's what they do with it. They don't reinvest it. They aren't interested in chasing a saturated U.S. market that's flooded with cheap goods fighting for 1% changes in market share. They are going after global markets. The money - your money, is flowing out of this country. It use to be the wealth was reinvested. So yes, cutting taxes could SPUR economic growth.

    But instead, in order to find greener pastures, that wealth doesn't get re-invested. It being used to grow the rest of the world. On some level, that's a good thing. But if you want to know why our wages are actually shrinking, that's why.

    Companies are simply chasing the biggest profit and that's by taking the money they make off Americans and putting it into 3 things:

    investing in foreign markets
    investing in foreign companies
    Manufacturing in foreign companies to export back

    The rest of the wealth just gets accumulated to ridiculous levels to amounts that no human being can conceivably need. Why does any one need a billion dollars anyway?

    I have deep respect for Warren Buffet and Bill Gates. While idiot conservatives call them socialists, they are the greatest capitalists in this country and even they know how stupid tea baggers are.
     
  14. Commodore

    Commodore Member

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    Sanders doesn't understand that wealth generation (not necessarily possession) is a reflection of one's value to society.

    In a free market system, you must generate something of value to others in order to create wealth.
     
  15. jo mama

    jo mama Member

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    the corporate welfare (fascist) system propagated by both republicans and democrats.

    we dont have a free market system in this country. we have a corporatist/fascist system. the costs are socialized and the wealth is privatized. the taxpayer subsidizes risky behavior.

    [​IMG]
     
  16. Classic

    Classic Member

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    All of those stats are sickening indeed. Our politicians have failed us mightily the last 30 years in being of the people and for the people. The one thing in all this though that you can't ignore and is how have the individuals helped contribute to this? I mean the politicians and regulators put the banks to be in a position to offer/take advantage of customers with all this credit and get 100% financing for houses they couldn't afford ect but the consumers were the ones who went out and did this. Sadly while the wealth has transferred I believe that a lot of people have done this to themselves. The cost of the bailouts was 9 trillion according to some but this was all debt that had to be borrowed in the first place. What does that say about our society at the same time?
     
  17. glynch

    glynch Member

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    Perhaps the whole billionaire funded misinformation program scarfed up by the usual conservative/libertarian posters above , and not seriously challenged by professor Obama above, can be blown away by a little consistent truth.

    On the otherhand the conservatie/libertarians have the right wing media and the mainstream media. They profit as the speech creates eyeballs for a day or two but afterwards time to crucify Bernie. As we saw by one Dean scream heard on a special mike when it could barely be heard over the shouting crownd a few feet away was used to blow away a real fighting liberal like Howard Dean.

    Bernie for Democratic Presidential nominee. He can beat professor Obama as the head of the Machinist Union said about Obama during the primary: (to paraphrase) "We have seen the guy during our struggle to keep the Maytag plant in Illinois and other issues. The guy has soaring rhetoric in support, but runs away at the first opposition. He is a poet; not a fighter."
     
  18. rimrocker

    rimrocker Member

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    This bit is good... I 've wondered if any politician would ever address this in public fashion...

    <object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" id="clembedMTkwMTItNDIyNTg?color=C93033" width="425" height="355" codebase="http://fpdownload.macromedia.com/get/flashplayer/current/swflash.cab"><param name="movie" value="http://embed.crooksandliars.com/v/MTkwMTItNDIyNTg" /><param name="allowFullScreen" value="true"></param><param name="quality" value="high" /><param name="wmode" value="transparent" /><param name="allowScriptAccess" value="always" /><embed src="http://embed.crooksandliars.com/v/MTkwMTItNDIyNTg" quality="high" wmode="transparent" width="425" height="355" name="clembedhttp://embed.crooksandliars.com/v/MTkwMTItNDIyNTg" allowfullscreen="true" align="middle" quality="high" allowScriptAccess="always" type="application/x-shockwave-flash" pluginspage="http://www.adobe.com/go/getflashplayer"></embed></object>
     
  19. glynch

    glynch Member

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    Rimrocker, good find.

    I also thought the very beginning was good. Only the "religion" of libertarianism glorifies usury.
     
  20. glynch

    glynch Member

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    Rimrocker, good find.

    Defend usury, libertarian/economic conservatives.
     

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