Outraged, that’s precisely my point. As you say the middle class will become non-existent. In my original post I described it as “the already disappearing middle class”. The middle class wage is not sliding; the middle class jobs are being eliminated. There will be no middle class wages. The poor will only experience stability short-term. On the USA Today homepage, 1/26/09, one of the lead articles is GM, Caterpillar, Sprint and Home Depot to eliminate 37,000 jobs. Those are mostly lower middle class jobs. Those jobs will never come back and any jobs that replace them will pay far less. Today’s announcement of Pfizer acquiring Wyeth will soon be followed by similar job losses due to the consolidation also never to return. Tens of thousands of jobs are being lost on a daily basis. The president is touting the creation of 300,000 jobs. When will those arrive and will any of these GM, Caterpillar, Sprint and Home Depot employees see them? Never and no. 300,000 would just about cover the jobs lost this month alone.

Castro created the same situation through military overthrow. The poor in Cuba were thrilled with Castro until they had to take in their former middle class relatives and neighbors. The poor had no idea how poor they could be until they divided what they had in thirds. There’s the illustration you asked for. No middle class. A few elitists smoking cigars and everybody else in a pile at the bottom. That’s worked out fine. Cuba’s booming. Nobody swimming off the island…..er…...oops!

This country had a similar loss of middle class in the 30’s and it took involvement in WWII to bring it back. The building of damns and highways did not bring back the middle class. We can now look forward to the president reinstating the draft and increasing our “presence” in exciting, exotic foreign destinations.

Outraged, welfare give-aways have to come from somewhere. They’re going to come from middle class tax increases. Don’t be fooled, they are coming despite promises of cuts and credits. Believe it when you receive it. Look at what’s going on in NY state currently. Similar federal taxes hikes will be instituted. Those windmills cost a bunch. With the job losses combined with the tax increases there will not be any middle class left to tax. We’re looking at another Social Security style pyramid scheme. With SS the pyramid has been upside down. With the upcoming bailouts the graphic will look more like an elephant perched on a blade of grass. But only for an instant.

I admit I sound incoherent on this subject. That’s the nature of this beast. It confuses the “experts”. Ask Alan Greenspan.  And they ramble more than I do. I’m not educated in banking or economics. I would bet few if any voicing their opinions here have such an education. You will not bully me into not speaking my mind. Now would you kindly list the coherent voices you prefer? Bernanke, Paulson, Greenspan, Zuckerman, Geithner, Sperling, Rubin or Summers? Anyone there strike you as “coherent”? Who’s your pick? Is it BO?

Bush and Cheney LIED to this country and the world to start a war in Iraq under the trumped up “war on terror”. This has been a proven FACT. Then, they proceeded to fleese the treasury and they and their friends on wall street, Halliburton, and in the oil companies continued to steal our treasure and storing much of it off shore in safe havens.
This was the most treasonous administration ever in our country.
What we need to do is simply stop the money pit occupation in Iraq and billions spent there NOW and start getting our stolen money back from these theives from wherever they stored it.

By dihey, January 25 at 6:30 am #

>>Candidate Obama vowed that he would give “the Middle Class”, meaning households with yearly incomes of less than $ 250,000, a tax reduction. He reassured the nation that this would not increase the National Debt because he would slightly raise the tax on “the Rich Class” for compensation.
Now the compensation has been taken off the table with the argument that one must not raise taxes during a faltering economy. Baloney.  We have already learned, or we have relearned, one fundamental fact about economic downturns. The “Rich Class” either cannot or will not stimulate the economy by spending the differential between their income and $250,000 or by investing the differential in stock. A slight increase in their tax rate will not hurt the economy one bit. Apparently President Obama is brown-nosing them. Why?<<<

Gerald Celente is fond of the phrase “By their deeds you shall know them”. It is very true. Politicians say one thing but do another and it is looking like the new administration is falling into that category.

Opensecrets.org, a nonpartisan website listing who gets donations, provided info on who paid for the recent inauguration and the top donor was the securities and investments sector. The link is http://www.opensecrets.org/pres08/inaug.php.

Take a wild guess, after going to the link, as to who is going to get taken care of by the Obama administration. This other link, http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638, lists who exactly donated which amount through their respective PAC. You’ll notice banking invested a lot in the new President’s campaign. McCain’s campaign was funded by even more banks—http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00006424

This isn’t “change we can believe in”, it is more like “The more things change, the more they stay the same”.

Maybe Jesse Ventura will run for Pres. once a viable third part emerges but I think his days of political office are over.

What should be done, instead of forking out this massive stimulus, is to foster a new industry in order to create jobs (e.g. Zero-point energy). When the internet emerged in the mid-1990s, it created tons of jobs and helped get the U.S. out of the emerging recession. If this stimulus is passed the U.S. will be deeper in the fiscal hole and the dollar may become even more worthless. I still don’t see how this massive stimulus is going to employ the jobless. For example, infrastructure projects are going to go to the construction companies or whomever else is versed in infrastructure repair. A lot people out of work don’t know how to do infrastructure so where is the re-training component?! I see no mention of any re-training component.

The part that says spending more on college grants is laughable since colleges, with the exception of community colleges, are too expensive to afford even with the help of government money. I’ve heard of no grant or scholarship that will pay for all 4 years of college.

I listened carefully to both presidential candidates and they had no specific plans. Just grand statements with no meaning like “Country First” or “Yes We Can”. I was even more disappointed to see both McCain and Obama back the bank bailout after touting how Wall Street’s reckless behavior shouldn’t be rewarded.

We’re in a depression, not a recession. I don’t care what the media says.

Amen BlueEagle!

We’ve been tag-teamed. The Republicans threw a jab and set us up for the Democrat knockout punch. The Republicans screwed us with paying for the unjust war and the first “jab” of the bailout. Bush was insisting that the economy would collapse without immediate action. We’ve seen no signs of that or of the bailout money.

That first robbery paved the way and Obama and the Democrats are going to drive the Brink’s truck right up our wazoos. That’s what they’re doing. They are punishing us for the Republicans being in office for eight years. And it was equally the Democrats fault as Clinton undressed our military and security organizations thus leaving us ripe for 9/11. Bush was then able to parlay that tragedy into his perceived desire for avenging his father by finishing off Saddam. That was what we were meant to believe. Truth is the whole war was a power play for oil and business opportunity. Protecting the Saudi/Bush oil interests in the bargain. How bad was Saddam considering we had put the slug in power to begin with?  If the Dems had run anyone with a pulse and a spine against Bush they would have won but they didn’t want to win. They were playing their part in this charade.

So now instead of saving us from those criminal Republicans, the Dems are tossing us out of the frying pan and into the fire of economic collapse. Once they’ve squeezed us into socialism with this pork barrel bailout there will be no ousting them. The poor and the soon to be former illegals will have a larger voting block in four years than the already disappearing middle class. A perfect scenario. A few tyrrants at the top and everybody else at the bottom with no way out. Every last one of us will be wondering how we’re going to feed ourselves and outrage at the government will be a dim memory.

A Republican will never beat them and an independents’ chance was lost through legislation years back.  Ask Bob Barr. And that’s ignoring that our elections have been fixed entirely.

In four years the poor will be flush with welfare give-aways and be thinking Obama is their way out and up. It will be too soon for them to realize they had topped out. See Castro’s Cuba. Without a solvent middle-class our country will be totally unarmed against the NWO take-over. Welcome to the North American Union. What are they planning to call it? Canamexico? Amexicanada? Meximerada? It don’t matter what they call it we’re screwed.