The sky is falling!
I'm sure it is, I think I have been picking pieces of it up on my lawn. I'm pretty sure I've been hit in the head by falling pieces. That's got to be the answer. These figures can't be real, so I must be delirious.
9.5 TRILLION have been funneled from the Federal Reserve to Wall Street over the past nine months. The GNP of the US is about 12 TRILLION. No one can or will say where or how it has been used.
The United States has a 3-6 TRILLION trade deficit. China just did a stimulus package that included a buy Chinese first provision. Remember that was in the US stimulus package but was taken out at the staunch urging of so-called conservatives. And a few blue dog Democrats.
The year before Ronald Reagan took office the pay for CEO's was 30 times the average worker. In 2008 it was 500 times the average worker.
1.5 MILLION homes have been foreclosed in the past 1.5 years, with no end in sight.
24.99% the new interest rate on a credit card I have, went from 7.99%. No balance, no late payments, no over credit limit. Go figure. I did see this bank is one that is now considered healthy enough to get out from under TARP. They take federal money to save their sorry asses, then they turn around and change interest to usury rates (except that we don't have usury laws in the US anymore) so they can get out of some limp oversight.
100% The amount my heath insurance cost has increased by in 4 years.
My disgust, disdain and despair..........priceless.
I'm sure all of this is a result of a piece of the sky conking me on the head, we couldn't really be impotent enough as a nation to allow this to happen to us, could we?