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Be Very Afraid: The American Economy Is Cannibalizing Itself, and We the People Are Going to Pay a Huge Price


Business  (tags: business, americans, money, economy, class warfare, society, politics, government, finance, corporate, consumers )

Cal
- 266 days ago - alternet.org
The bottom 90 percent of Americans have disappeared from official Washington.



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Comments

Jennifer C. (172)
Tuesday November 5, 2013, 4:53 am
Noted.
 

pam w. (191)
Tuesday November 5, 2013, 7:46 am
And what do the OLIGARCHS want?

Revolution?

Mass starvations?

 

Jonathan Harper (0)
Tuesday November 5, 2013, 12:26 pm
EEk!
 

Mary Donnelly (47)
Tuesday November 5, 2013, 1:05 pm
Thanks for info. What are we going to do about it?
 

Roger Garin-michaud (61)
Tuesday November 5, 2013, 2:03 pm
noted, thanks
 

Birgit W. (140)
Tuesday November 5, 2013, 2:14 pm
Noted.
 

Past Member (0)
Tuesday November 5, 2013, 2:46 pm
Another fine example of Reaganomics in action. Corporate profits, instead of "trickling down" to those who made those profits possible, are redirected back upstream, while those down below continue to suffer in the man-made drought. Maybe it's time we all took a refresher course on how the French Revolution came about.
 

Lois Jordan (55)
Tuesday November 5, 2013, 2:48 pm
Noted. Thanks, Cal.
Oh, don't even get me started on that greedy thief, Carl Icahn. He bought the company my husband worked for back in the late 90's and started dismantling it and selling it off. Then, he took what was left and sold that. So, my husband ended up on the bottom of the labor force of the new company, instead of the seniority being integrated. We lost a lot in retirement, too. Then, the new company furloughed him for nearly 2 years. We have never gotten back what was lost. What these Corporate Raiders are allowed to legally do is absolutely reprehensible. The vast majority of Congress just loves their "donations" from people like this. Now, I need to go cool off.
 

Past Member (0)
Tuesday November 5, 2013, 3:25 pm
The rich are spending their ill-gotten gains gambling on the derivatives market, (valued as high as $700 trillion). When that crashes, we will need a new form of economy.
 

Ann Breeden (65)
Tuesday November 5, 2013, 6:03 pm
Thanks for the informative article. I like all the comments as well.
 

Sheila D. (24)
Tuesday November 5, 2013, 6:38 pm
Thanks for the article, Cal.
 

Bryna Pizzo (139)
Tuesday November 5, 2013, 7:13 pm
Thank you! We have to spread the news far and wide and let the President and Congress know that we are aware of the state of the nation, and we must demand that they take action begin to serve the people's interests! (n, p, t)
 

Patsy Olive (0)
Tuesday November 5, 2013, 8:39 pm
On the food stamps issue what bothers me the most is children going hungry.
 

Bill and Katie Dresbach (79)
Tuesday November 5, 2013, 8:57 pm
How can they let kid's go hungry? NO care at all! Along witth the Senior's!
Thank You
 

Colleen L. (2)
Tuesday November 5, 2013, 9:44 pm
It doesn't make me feel good to read this type of news. I too wish the President and Congress would take these issues seriously. That's what they are paid to be doing, not just screwing around. Thanks Cal
 

Joanne Dixon (37)
Tuesday November 5, 2013, 10:28 pm
Lois, thank you for sharing your story. By all means cool off, but don't stop sharing it. Individual stories help to put a face on the problem. Without stories, it's hard for most people to grasp it. And they need to grasp it. We all need to grasp exactly what is happening.
 

Inge Bjorkman (131)
Wednesday November 6, 2013, 12:15 am
Time to become self-sufficient, growing your own food, also works indoors with LED lights.
Money does not saturate the stomach, they only do the banks richer and keeps you in slavery.

Love
 

Alfred Donovan (44)
Wednesday November 6, 2013, 12:53 am
Same old story the rich get richer and the poor get poorer.
 

John S. (297)
Wednesday November 6, 2013, 1:12 am
Not to worry, it's not like they will have to pay more for health insurance. in 1900, families spent 80% of income on food, clothes, and homes. Today, we spend more than half of our money on housing and transportation. Our ambitions turned from bread and shirts to ownership and highways. We are all subtle victims of the expectations that 100 years of wealth have bought.
 

GGmaSheila D. (134)
Wednesday November 6, 2013, 3:49 pm
Sigh...how to get past the forced poverty escapes me now, and there doesn't seem to be a way past the building anger. Right now, depression is the best I can hope for.
 

Lyn Romaine (106)
Wednesday November 6, 2013, 4:59 pm
It's terrible.
 

Kathleen R. (138)
Friday November 8, 2013, 5:34 pm
noted & read
 
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