Monday, July 23, 2012
Wall Street has record profits but austerity for the rest of us
This article by Zach Carter lays bare the lie that austerity is what is needed to improve the economy for all. First off, Wall Street and their government cronies could give a shit about the "all." They are only interested in their vast profits knowing it comes at the expense of the rest of us. And the austerity programs initiated by said government cronies makes sure that the 99% pay for it by cutting programs and services designed for them, and/or privatizing those services and granting tax breaks for the 1%. We've had plenty of time for austerity to help the economy, if that was indeed its real reason. But so far less and less in trickling down because that is the very design of this bullshit policy. Hence record-setting Wall Street profits and ever-dwindling crumbs for the rest of us. Yes, regressives are right about redistribution of wealth, only upward to themselves instead of more equitably to everyone. See the article for more facts they don't want you to know.