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Old 12-27-2011, 10:38 AM
 
12,282 posts, read 13,234,137 times
Reputation: 4985

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While millions of Americans saw their incomes decrease, their job opportunities dissipate and their home values drop as the economy dipped, the 535 men and women they elected to represent them in the U.S. Congress were not only shielded from the economic downturn but gained during it.

The average American’s net worth has dropped 8 percent during the past six years, while members of Congress got, on average, 15 percent richer, according to a New York Times analysis of financial disclosure. The median net worth of members of Congress is about $913,000, compared with about $100,000 for the country at large, the Times’ analysis found.

This wealth disparity between lawmakers and the people they represent seems to be continually growing. Nearly half of Congress — 249 members — are millionaires, while only 5 percent of American households can make the same claim.

As Americans Get Poorer, Members of Congress Get Richer - ABC News

Can anyone give me an update on what is happening with the "Stock Act" or the other two bills?
Seems to be falling to the wayside in the press.
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Old 12-27-2011, 10:48 AM
 
3,201 posts, read 3,856,510 times
Reputation: 1047
There have been many stories about political profiteering. Politics is about making money.

"60 Minutes" did a story a couple weeks ago.

Nobody cares.

Just make sure Oil companies and Walmart don't make money. Congress can steal all they want.
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Old 12-27-2011, 10:52 AM
 
1,027 posts, read 1,256,477 times
Reputation: 892
Now we know why the GOP teabagger congress wants to raise taxes on the middle class, while cutting taxes for their rich billionaire buddies.
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Old 12-27-2011, 10:54 AM
 
Location: Near the water
8,237 posts, read 13,513,062 times
Reputation: 3899
Sadly, American people have become complacent.


Quote:
Originally Posted by joebaldknobber View Post
There have been many stories about political profiteering. Politics is about making money.

"60 Minutes" did a story a couple weeks ago.

Nobody cares.

Just make sure Oil companies and Walmart don't make money. Congress can steal all they want.
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Old 12-27-2011, 11:21 AM
 
858 posts, read 707,494 times
Reputation: 846
I read this earlier today. It's not just limited to Congress. The 1% have seen their fortunes increase over the last 4 years while everyone else is struggling. There also the question of why there are so many millionaires in congress...well once I saw that it takes 10 million dollars for a successful campaign, there's your answer.
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Old 12-27-2011, 11:25 AM
Status: "Apparently the worst poster on CD" (set 23 days ago)
 
27,634 posts, read 16,118,635 times
Reputation: 19029
Quote:
Originally Posted by TheFix View Post
Now we know why the GOP teabagger congress wants to raise taxes on the middle class, while cutting taxes for their rich billionaire buddies.
Enlighten me please?
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Old 12-27-2011, 11:26 AM
 
16,545 posts, read 13,448,514 times
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One thing people are forgetting about the 1%. They are getting richer due to Progressive globalist policies. When a corporation starts to trade globally, they end up selling more product and thus.......the horror... MAKE MORE MONEY! I find it odd that Progressives and liberals complain about the 1% making more money than ever, when it is THEIR ideology that is allowing it to happen. A multinational company is just that. MULTINATIONAL which means customers from MULTIPLE nations!
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Old 12-27-2011, 11:27 AM
 
3,201 posts, read 3,856,510 times
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Teabaggers love Newt Gingrich.

Newt is the most corrupt politician over the last 20 years.
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Old 12-27-2011, 11:27 AM
 
16,545 posts, read 13,448,514 times
Reputation: 4243
Quote:
Originally Posted by joebaldknobber View Post
Teabaggers love Newt Gingrich.

Newt is the most corrupt politician over the last 20 years.
Nah, the late Teddy Kennedy was way worse.
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Old 12-27-2011, 11:30 AM
 
9,855 posts, read 15,201,228 times
Reputation: 5481
Rumor has it that we as citizens can do something about this on Nov. 6th.

I wanted to tell everyone that because it seems like typically most Americans don't know what that date is.
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