Middle class dying, diminishing.
Banking still unreformed. Come next meltdown who bails out the TOO BIG TO FAIL TURDS TANK AGAIN?
Economy still dead.
http://www.informationclearinghouse.info/article40036.htm "Census Report: Half of Americans Poor or Near Poor. October 22, 2014
http://www.washingtonsblog.com/2014/09/obamas-long-battle-cut-social-security-benefits.html "If as expected, U.S. President Barack Obama will, for the first time in his Presidency, be given by the nation’s voters two Republican-controlled houses of Congress, he’ll finally be able to sign into law bills that are as conservative as he wants; and one of these new laws will transform Social Security.
Back in 2009, he came into office wanting to address the long-term financial issue of Social Security not by removing the annual earnings-cap of around $100,000 that pertained (and above which income was/is untaxed for Social Security, so that this change alone could solve the problem), but instead by reducing retirement benefits to seniors: cutting the benefits they receive. This man, Obama, who went along with George W. Bush’s taxpayer-bailouts for Wall Street rather than institute bailouts of Main Street (the public) and who thereby produced continuation of the economic crash for everyone other than the nation’s wealthiest 1% or 5%, "
http://www.counterpunch.org/2014/04/18/inequality-and-the-inevitable-collapse/ "And the Washington Post report Credit Suisse’s findings that “the lower half of the global population possesses barely 1% of global wealth while the richest 10% of adults own 86% of all wealth, and the top 1% account for 46% of the total.” And in the Land of the Free, where anyone can supposedly become a zillionaire, income and wealth inequality is the most acute of any industrialised nation and the highest it’s been since 1928. The median wage for a working-man in the US today, according to Nobel Prize-winning economist Joseph Steiglitz “is below its level in 1989”.
http://www.washingtonsblog.com/2014/10/happens-cash-longer-trash.html "What happens when cash is no longer trash?"
Its the middle classes who make millionaires NOT the other way round.
http://www.informationclearinghouse.info/article38938.htm "Memo: From Nick Hanauer
To: My Fellow Zillionaires"
http://www.counterpunch.org/2014/03/20/too-poor-to-qualify-for-obamacare-yes/ "MARCH 20, 2014
A Fatal Loophole? Too Poor to Qualify for Obamacare? Yes
Some people in some Republican-governed states are too poor to qualify for subsidies to buy insurance under the Affordable Care Act.
You get that right: too poor to qualify for subsidies.
Here is how I discovered this remarkable fact:
There was a Reuters article at Huffington Post on January 22nd, “Target Cuts Health Coverage For Part-Time Workers, Citing Obamacare,”
http://www.informationclearinghouse.info/article40027.htm
"October 21, 2014 The voters who put Barack Obama in office expected some big changes. From the NSA’s warrantless wiretapping to Guantanamo Bay to the Patriot Act, candidate Obama was a defender of civil liberties and privacy, promising a dramatically different approach from his predecessor.
But six years into his administration, the Obama version of national security looks almost indistinguishable from the one he inherited. Guantanamo Bay remains open. The NSA has, if anything, become more aggressive in monitoring Americans. Drone strikes have escalated. Most recently it was reported that the same president who won a Nobel Prize in part for promoting nuclear disarmament is spending up to $1 trillion modernizing and revitalizing America’s nuclear weapons.
Why did the face in the Oval Office change but the policies remain the same? Critics tend to focus on Obama himself, a leader who perhaps has shifted with politics to take a harder line. But Tufts University political scientist Michael J. Glennon has a more pessimistic answer: Obama couldn’t have changed policies much even if he tried."
Nobel peace prize winner bombed 7 Muslim countries! Was chosen for PEACE!
War war war expenditure up up up up up. War destroys an economy!
http://www.countercurrents.org/nnu211014.htm
"Ebola: Statement By RN’s at Texas Health Presbyterian Hospital
By National Nurses United
This is an inside story from some registered nurses at Texas Health Presbyterian Hospital in Dallas who have familiarity with what occurred at the hospital following the positive Ebola infection of first the late Thomas Eric Duncan and then a registered nurse who cared for him Nina Pham"
And ebola, Cuba sends to Africa doctors, he sends military.
http://www.counterpunch.org/2014/10/23/dont-ask-the-pentagon-where-its-money-goes/
"But when it comes to budgeting, the concept lingers on. “Don’t ask us how we spend money,” the Pentagon basically says. “Because we can’t really tell you.”
Every taxpayer, business, and government agency in America is supposed to be able to pass a financial audit by the feds, every year. It’s the law, so we do our duty. There’s one exception: the Pentagon."
And the $
http://www.zerohedge.com/news/2014-10-23/russia-de-dollarizing