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Old 11-05-2010, 06:57 PM
 
35,016 posts, read 39,141,005 times
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Inhabitants of the Big Money economy are celebrating Republican wins last week. They figure financial regulations will be rolled back, environmental regulations will be canned, the Bush tax cut will be extended to the top 1 percent, and it will be harder for workers to form unions.

Inhabitants of the Average Worker economy aren’t so sure. The economy has been so bad they’re angry at politicians. They showed their anger at the ballot box. They took it out on incumbents.

Robert Reich (America's Two Economies, and Why One is Recovering and the Other Isn't.)
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Old 11-05-2010, 07:16 PM
 
69,368 posts, read 64,081,664 times
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Delusianne, you almost came to the right conclusion.. The reason why the big money is recovering is because obama wrote legislation which catered to their industry to keep competition out.

Credit card legislation,
healthcare legislation
financial reform legislation

They were ALL setup to benefit those on the higher income brackes..

Look at Obama and his bailout of GS.. Coincidence that GS is owned by Buffet and Buffets wealth increased 20% since Obama has taken office, and that Buffet endorsed Obama practically getting him elected? No liberal outrage though over Obama writing special laws to favor his special interest groups though..

Last edited by pghquest; 11-05-2010 at 07:27 PM..
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Old 11-05-2010, 07:24 PM
 
29,939 posts, read 39,450,111 times
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Quote:
Originally Posted by delusianne View Post
Inhabitants of the Big Money economy are celebrating Republican wins last week. They figure financial regulations will be rolled back, environmental regulations will be canned, the Bush tax cut will be extended to the top 1 percent, and it will be harder for workers to form unions.

Inhabitants of the Average Worker economy aren’t so sure. The economy has been so bad they’re angry at politicians. They showed their anger at the ballot box. They took it out on incumbents.

Robert Reich (America's Two Economies, and Why One is Recovering and the Other Isn't.)
Robert Reich was on Obama's "dream team". Did he forget to mention that? Exactly...
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