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Members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25 percent increase over the 2008 total, according to a Roll Call analysis of Members' financial disclosure forms. Nearly 90 percent of that increase is concentrated in the 50 richest Members of Congress. As with the general U.S. population, a few exceedingly wealthy people skew the averages for the rest of the membership. But still, by almost any measure, the average Member of Congress is far wealthier than the average U.S. household.
TARP was signed into law in October 2008, and its crony capitalism effects came mostly after that. But it is important to remember all the things that have happened since 2008: Obamacare became law, the Obama stimulus package was enacted, the Dodd-Frank so-called financial reform law, etc. The real divide is how the rule of law has come to be abused and misused to favor the political establishment and their cronies, while burdening and bullying the rest of us. The political establishment is crushing the economy, killing jobs, and decreasing liberty. What's bad for us is obviously good for them. Cursing the problem doesn't seem to be working.
By this time, everyone should be aware of the federal policies that precipitated the housing bubble and its collapse — the push by Congress and two administrations to push higher-risk lending in order to expand home ownership, as well as the effort by Congress to get Fannie Mae and Freddie Mac to spread that risk through mortgage-backed securities. While Wall Street made the situation worse by developing risky derivatives on those securities and failed to recognize the risk inherent in the securities themselves, the collapse wouldn’t have occurred at all had the federal government not intervened to distort lending for their own social-engineering goals.
How? Well if I told you that my friends from Langley would come knocking. Nahh, just joking.. to chuck out the folks who feel they are unchuckable and will resist any chucking will be.. difficult. Call it a need for a coup since our power of vote has become a farce.
Originally posted by DavidsHope
I would be curious as to exactly how a nation such as the US can go about cleaning house in this corrupt political system? Our vote does not count because we vote by state and electoral college. My vote has never counted, not even once as the college chooses who to vote for. ..And the Senate and House? No one will ever agree because they too are being controlled....by someone...somewhere ... dangling dollars and power in their faces....
they control the money...they have all the power ... and they decide what to take from us and what to give back which is increasingly very little. But how do we throw them out? they will just be replaced by another group of power hungry trolls who have nothing other than the same agenda.
Independents cannot win the electoral votes...There are no candidates on the Republican side that is even close to being truthful. There is no one on the Democratic side that is even close to being truthful. In fact there is no one to vote for that is close to being truthful. If your vote has no voice, then the only voice that will be heard is silence.
I would love to simply clean house..but it will never happen because someone is in control we cannot even see. they are there make no mistake, but we do not know who they are and cannot stop them until they show their faces..And I fear by then it will be too late. Indeed it may already be too late.
DH
Originally posted by TDawgRex
reply to post by seabag
Keep banging that drum brother! (Or is it sister?)
I have had this debate over the years all to many times. But people seem to keep on thinking that it is only one entity that screws them.
it takes two to tango...and we're the dance floor.
Originally posted by TDawgRex
reply to post by Advantage
Actually, you misunderstood me. Lobbyists/Corporations and politicians are doin the Tango. The people are the dance floor. Gettin' tromped on.
But ya got a doin the robot referance in there so good for you!
Star for youuuuuu!edit on 2-11-2011 by TDawgRex because: (no reason given)
Originally posted by Advantage
Originally posted by TDawgRex
reply to post by Advantage
Actually, you misunderstood me. Lobbyists/Corporations and politicians are doin the Tango. The people are the dance floor. Gettin' tromped on.
But ya got a doin the robot referance in there so good for you!
Star for youuuuuu!edit on 2-11-2011 by TDawgRex because: (no reason given)
Meh, Im just thankful I made any sense at all.. I fractured a rib and am taking dilaudid aka fake morphine. Thanks for pointing my poor brain in the right direction. Maybe I should refrain from posting tonight??
Originally posted by seabag
When will everyone (especially the OWS crowd) figure out that our government is almost solely responsible for the economic reality we face today? I read day in and day out about new members of our government openly supporting the efforts of OWS. I really can’t wrap my head around how supporting OWS and the vilification of Wall Street will benefit these goons because they are obviously behind the thievery going on. Take a look at this:
RollCall
Members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25 percent increase over the 2008 total, according to a Roll Call analysis of Members' financial disclosure forms. Nearly 90 percent of that increase is concentrated in the 50 richest Members of Congress. As with the general U.S. population, a few exceedingly wealthy people skew the averages for the rest of the membership. But still, by almost any measure, the average Member of Congress is far wealthier than the average U.S. household.
Congress is getting richer while we’re all struggling? How is that possible? Are they benefiting from the corruption in Wall Street? Maybe even facilitating it??
What’s happening is not a result of capitalism as I’ve heard so many times on ATS. These problems are the result our greedy, corrupt government officials gobbling up power and manipulating the markets through corporatism and crony capitalism. The policies and actions of our federal government (our elected officials) are causing the huge economic collapse that we are entering now.
American Thinker
TARP was signed into law in October 2008, and its crony capitalism effects came mostly after that. But it is important to remember all the things that have happened since 2008: Obamacare became law, the Obama stimulus package was enacted, the Dodd-Frank so-called financial reform law, etc. The real divide is how the rule of law has come to be abused and misused to favor the political establishment and their cronies, while burdening and bullying the rest of us. The political establishment is crushing the economy, killing jobs, and decreasing liberty. What's bad for us is obviously good for them. Cursing the problem doesn't seem to be working.
The sooner everyone identifies and vilifies the correct enemy the sooner we can address the real problems!