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Third World America: Drowning in Debt and Choking on Lies

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Third World America: Drowning in Debt and Choking on Lies

Post by Guest on Sun Jun 26, 2011 2:36 am

Yet, we've remained largely silent in the face of the same sort of behavior by Wall Street and Washington. Bonus-seeking bankers crashed into Main Street's economy and ran control frauds within banks that would have failed without taxpayer bailouts. Bureaucrats and elected officials bailed them out without demanding consequences. Bankers are revving their engines again in credit derivatives, currency derivatives, and commodities trades. "Financial reform" addresses none of the latter problems.

Arianna Huffington's Third World America: How Our Politicians are Abandoning the Middle Class and Betraying the American Dream explains that the $787 billion American Recovery and Reinvestment Act, the bank bailout package also known as TARP, allotted only $72 billion to infrastructure projects. Another feature of the bill was to have banks agree to lend money to medium and small sized businesses to stimulate the economy. That didn't happen and official unemployment numbers remain above 9%, while unofficial figures for underemployed Americans soar above 20%.

http://www.huffingtonpost.com/janet-tavakoli/third-world-america-drown_b_883782.html

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Re: Third World America: Drowning in Debt and Choking on Lies

Post by casheyes on Wed Jun 29, 2011 3:50 pm

I think this a plan.
I'm not get into that way of thinking or view, but how they treating us it make you wonder.
I think and feel still that something is going to happen soon, I feel it in my gut and when it hit me like that it's something real bad about to happen.
Usually when I predict things of that nature, it will happen regardless.
What going to happen? I see that things are going to turn for the worse regardless of what these people in media keep advocating.


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Re: Third World America: Drowning in Debt and Choking on Lies

Post by tristen303 on Wed Jun 29, 2011 6:01 pm

I find it shocking and a complete miscarriage of justice that if I sold crack near a school zone I would go to jail for half my life but if I destroy the pensions, savings and retirement of millions even working against them in some instances I get nothing not even investigated that is the problem we should be focused on instead of looking for handouts and scraps through taxes

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Re: Third World America: Drowning in Debt and Choking on Lies

Post by TR11005 on Thu Jun 30, 2011 1:01 am

The Republican world is going to end on August 2. Getter done! LMAO

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Re: Third World America: Drowning in Debt and Choking on Lies

Post by tristen303 on Thu Jun 30, 2011 1:41 am

Ya think LOL I tthink a clean slate finally no more yo owe me this because I'm born here, you owe me this because your more succesful then me, or your only more successful becasue your a crook give me give me give me yep I can't wait to see the left have to earn and earn well bu they can't they won't....God speed

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Re: Third World America: Drowning in Debt and Choking on Lies

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