A Quote by Arianna Huffington
The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, it's not just one giant insurance company (and its banking counterparties) facing disaster, it's tens of millions of hardworking Americans who played by the rules.
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Unemployment insurance, abolishing child labor, the 40-hour work week, collective bargaining, strong banking regulations, deposit insurance, and job programs that put millions of people to work were all described, in one way or another, as 'socialist.' Yet, these programs have become the fabric of our nation and the foundation of the middle class.
Most of the scientists I know think civilization is teetering on the brink of a global disaster. They just don't know when it's going to hit. I don't have the answer to that either. I'm scared as hell.
Tens of millions of Americans are modern-day slaves - unable to retire early, or working in jobs they don't really want, just for the health insurance they need to take care of themselves, a spouse, or a child with a 'preexisting condition.'
The gang that trashed the town was now back in town to trash it even more and you'll never guess.. they decided that the only way to save an economy brought to its knees by their collective actions and the banking system they represent was to, well, no, surely not.. hand trillions of taxpayer-borrowed dollars to the Rothschild-controlled banks and insurance companies like CitiGroup, J. P. Morgan, AIG and a long list of others.
Hey, guess what? Turns out the free market? Not so free. Wall Street was hit hard Monday when Lehman Brothers filed for bankruptcy, Merrill Lynch was sold to Bank of America, and insurance giant AIG neared a collapse of its own. Basically, if your commercials air during golf tournaments, you're done.
There is no way they should walk out of that place [Wells Fargo] with millions, tens of millions, tens and tens of millions of dollars, when innocent people who actually flagged this culture of conceit and culture of rip off should've been fired while the people who were doing it somehow are able to just resign and reap the big reward. It's just an outrage. It's people who have forgotten decent values towards other people.
It's Obama's bad luck that he got elected just as the mayhem of the foreclosures, the banking collapse, and the General Motors disaster was accelerating the surge in unemployment to warp speed.
Above all, we should acknowledge that the collapse of the Soviet Union was a major geopolitical disaster of the century. As for the Russian nation, it became a genuine drama. Tens of millions of our co-citizens and co-patriots found themselves outside Russian territory.
It`s not just Republicans. It`s Republicans and Democrats. It`s middle class, lower middle class, working class Americans who have felt the angst, who are frustrated, who are angry as a result of 1% growth which, in my view, has been really the issue that has propelled Donald Trump from day one.
Historians will likely give Obama credit for steering the country away from the brink of economic collapse in 2009.
I felt like the luckiest kid in the world. And I was. I was growing up middle-class in a time when growing up middle-class in America meant there would be jobs for my parents, good schools for me to prepare myself for a career, and, if I worked hard and played by the rules, a chance for me to do anything I wanted.
The light bulb going off in my head was a fear that in this pivotal moment in history, when America faces so many serious problems, when the middle class and working class of this country are being decimated, that there were not voices out there representing the tens of millions of people who needed a voice. And the idea of going through a campaign where there is not a serious discussion about the most important issues facing America, where there are not voices out there representing people who are hurting - that seemed to me unacceptable.
To reward work, to grow the middle class and strengthen the economy, to give millions of Americans the respect they deserve... It's time to raise the minimum wage.
So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.
We're facing a natural disaster in the middle of an economic disaster. The federal government has to balance its budget the way our families do.
Wal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target.... Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services..... unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business.
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