TODAY'S TOPICS: Income Inequality, Obama v. FDR, Molly Ivins!, Rick Perry Extremism, Colbert
Income Inequality and the Daily Show
This is probably the Daily Shows best, and most important segments they’ve ever done because it tackles the most important indicator that we are in the midst of a death spiral here than any other: the extreme inequality in the U.S. We are now on par with African dictatorships…yet when you ask Americans how big that disparity is they are TOTALLY ignorant (this is a product of our media and propaganda Matrix…particularly the right) of it…and when also asked what kind of economy they’d prefer, without knowing it, they want something more akin to Sweden!!!
I write about this inequality ALL THE TIME here…so it should be very familiar to you, but before I get to the OUTSTANDING Daily show clip…here’s some more data on just what a Banana Republic we now live in:
The Annie E. Casey Foundation found that children have been among those hardest hit by the current economic crisis. The number of children living below the child poverty rate increased 18% nationally between 2000 and 2009, and in California 20% of children are currently living in poverty. Also in California, 13% of children live in households with at least one unemployed parent and 7% have been affected by foreclosure since 2007.
In fact, in a new documentary called Making Sense (see clip here), they found that out of 7,000 people distributed around the U.S., with different levels of income, education, wealth, political opinions, 92 percent of the Americans picked Sweden over the U.S. when asked what kind of income distribution they would like to see here…when they broke it by Democrats and Republicans, Democrat, it was 93 percent, Republican, it was 90.5 percent. Again...this is the MATRIX AT WORK.
A few more fun facts, ones I don’t normally use here before you watch the clip…
From 1990 – 2010 costs of living have increased 67%, while wages have stagnated and declined. As the national debt has reached a record $14.6 trillion, total personal debt is now over $16 trillion. Consumer debt is $2.5 trillion. Credit card debt is $805 billion and student debt now exceeds $1 trillion.
Over 250 million Americans, another record-breaking number, are currently living paycheck-to-paycheck struggling to make ends meet.
From David Degraw (notice how we are TRICKED into thinking things aren’t what they ARE!!!): When reporting on inflation, the Bureau of Labor Statistics has twice, since 1980, revised its methodology to mask the severity of inflation, similar to how it masks the severity of unemployment. In its Consumer Price Index (CPI), which measures inflation, it has heavily discounted the measurement weight of energy, food and education – three of the most significant costs for most American households.
To understand the significance of its revised methodology, current “official” CPI is at a 3.6 percent annual rate. However, if calculated the way it was before former Federal Reserve Chairman Alan Greenspan altered it in 1980, it would be 11.1 percent, three times worse than officially stated.
So while the government and the Federal Reserve claim that inflation is low, at 3.6 percent over the past year, food prices have increased 39 percent and US gas prices have increased 34 percent over the same time frame.
The increase in gas cost over the past year masks the severity of total gas price inflation, which is currently 125 percent more expensive since December 2008, increasing from $1.67 per gallon to $3.75.
As 90 percent of Americans experience income declines, and the value of the dollar declines, the price of necessities are rising, while the one major asset many Americans have, a house, is also declining in value. Already, thanks to declining home values, 28 percent of US homeowners owe more on their mortgages than their home is currently worth. With 10.4 million American families having lost their homes to foreclosure since 2007, Amherst Securities, a leading broker/dealer focused on mortgage-related investments, estimates that another 10.8 million homes are at risk of default over the next six years. This will obviously continue downward pressure on home values.
The dramatic increase in economic inequality and poverty, along with the unprecedented rise in wealth within the top one-tenth of one percent of the population has not happened by mistake. It is the designed result of deliberate governmental and economic policy. It is the result of the richest people in the world, and the “too big to fail” banks, using the campaign finance and lobbying system to buy off politicians who implement policies designed to exploit 99.9 percent of the population for their financial gain. To call what is happening a “financial terrorist attack” on the United States is not using hyperbole; it is the technical term for what is currently occurring.
Now watch the clip entitled “World of Class Warfare - Warren Buffett vs. Wealthy Conservatives"
Sorry...I put in embed code for the videos and it totally messed up all my formatting....so, I posted both videos on the California Progress Report...go there, and its in two parts, and you can maximize the tiny screen. Otherwise, I'm just not going to go back and do it all again today...so the post will look different...but watch these videos!
http://www.californiaprogressreport.com/site/Again, I realize how hard it is to accomplish anything in this current environment…I also realize that words alone aren’t enough to change minds immediately, or get the votes necessary. What I’m talking about is the longterm battle in changing hearts and minds…as Reagan and the right understood, and has waged, for three decades now. You don’t think that there constant messaging and efforts aren’t directly responsible for creating this crisis we’re in? Hasn’t deeply infected the minds of the public?
VIDEO SECTION
Bernie Sanders speaks at the United Steelworkers convention!
Daily Show on Rick Perry’s already long list of controversial (and idiotic) comments since joining the race:
This could get good…Murdoch hacking scandal keeps moving up the ladder…
http://videocafe.crooksandliars.com/heather/new-explosive-evidence-news-world-scandal
http://videocafe.crooksandliars.com/heather/new-explosive-evidence-news-world-scandal
New Study…Teabaggers are just GOP Christian extremists…DUH!!!! How long have we been saying this on the left??? They also tend to be white, racist, anti-immigrant, and as I said, RELIGIOUS! Yet, the media has continued to talk about them as if they’re fucking non-partisan and grassroots!!! Joan Walsh: It's the GOP's white conservative base in silly costumes. Why couldn't the media figure that out sooner? Scholar Robert Putnam, best known for his study of American atomization in "Bowling Alone," has produced new data on the Tea Party and it's being billed as a shocker. Sit down before you read this: They are older, white conservative Christians "who were highly partisan Republicans long before the Tea Party was born."
From Democracy Now -- Ex-Evangelical Denounces Michele Bachmann & Calls Christian Reconstructionist Politics "Anti-American":
Colbert Satirizes 'Money as Speech' with a Word Cloud
ARTICLE SECTION
Governor Supercuts" for President?, By Jim Hightower
A FEW CLIPS:
If the fawning reporters had any real journalistic curiosity about what kind of national "leader" this guy would be, they could have slipped away on that same day to the city's convention center. There, 100,000 Houstonians gathered in bleak testimony to his gubernatorial leadership. They were some of Houston's many low-income children and parents who're struggling to make ends meet in Perry's hard-scrabble Texas economy.
These needy families had come to a citywide, back-to-school event where backpacks, school supplies, uniforms, haircut vouchers, immunizations and bags of food were being provided by the school district. Officials expected 25,000 to show up, but four times that number came. Some families camped out for hours before the doors opened, and many were turned away as supplies were exhausted by 10 a.m. "It shows the need," observed a solemn school spokesman.
If the fawning reporters had any real journalistic curiosity about what kind of national "leader" this guy would be, they could have slipped away on that same day to the city's convention center. There, 100,000 Houstonians gathered in bleak testimony to his gubernatorial leadership. They were some of Houston's many low-income children and parents who're struggling to make ends meet in Perry's hard-scrabble Texas economy.
These needy families had come to a citywide, back-to-school event where backpacks, school supplies, uniforms, haircut vouchers, immunizations and bags of food were being provided by the school district. Officials expected 25,000 to show up, but four times that number came. Some families camped out for hours before the doors opened, and many were turned away as supplies were exhausted by 10 a.m. "It shows the need," observed a solemn school spokesman.
SNIP
With Perry, you get the two basic political strains of today's Republican Party in one suit. On the one hand, he has carefully posed himself in the past couple of years as the farthest out of Tea Party Republican's far-out right-wingers. Think Michele Bachman with better hair: Perry called the BP oil disaster an "act of God." His response to the drought that's devastating Texas was to pray for rain (God did not oblige). He's a "tenther" who angrily asserted state's rights to nullify Obama's "socialist" schemes
The Biggest Little Hypocrite in Texas, by Robert Scheer
A FEW CLIPS:
To begin with, Texas is not and never will be a model for the nation unless the other states discover similarly rich deposits of oil and natural gas that account for one-third of jobs and supply 40 percent of tax revenues within those states. If Texas energy receipts and jobs helped float Gov. Bush’s reputation, they have been nothing short of miraculous for Perry’s tenure. The price of oil rose from $25 a barrel when Lt. Gov. Perry replaced the newly elected President Bush to $147 in 2008 and has stayed at more than $80 a barrel since, to the dismay of anyone who has to buy gasoline.
In addition, thanks to breakthroughs in oil field technology that Perry had nothing to do with, there have been controversial new drilling techniques that have vastly expanded the exploitation of gas and oil reserves, producing many of the new jobs that the Texas governor claims. For a relatively ineffectual governor, in a state in which the part-time Legislature holds the power, to take credit for this job boom is as ludicrous as a Saudi prince bragging of his entrepreneurial skills as the source of royal wealth.
SNIP
There is, however, something very important in the Texas experience that could serve as a model for the nation, and that is the state’s success in avoiding the worst effects of the housing crash. Texas has not suffered anything like the crushing foreclosure crisis that is the main source of joblessness in states from Florida to California. But Perry surely will not dwell on the reasons for Texas having escaped that fate, because his mantra of less government regulation doesn’t work in this instance. If lax environmental and zoning codes were the secret, neighboring Arizona and Nevada would not be the housing basket cases that they are. The difference for Texas is one that most free-market conservatives ignore: It was precisely the tight government regulation of the housing market that spared Texas a similar fate.
From the first days of statehood in 1845, Texas has maintained the strictest laws on home mortgages in the nation. The Texas constitution’s blanket ban on home equity loans, born of outrage over previous land grabs by banks, has been eased substantially over the years, but a firm commitment that the total amount in loans on a house not exceed 80 percent of appraised value, and other consumer-friendly restrictions on mortgage lenders, saved Texas from the home mortgage disaster visited upon many other states.
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