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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (6867)	3/20/2004 11:20:08 PM
From: PartyTime	Read Replies (1) \| Respond to of 173976

>>>Bush's top campaign contributors and the corporations that have outsourced the most jobs abroad. Bush has gotten $440,000 and the Republican Party has gotten $3.6 million from the corporations that have outsourced the most jobs, including American Express, Bechtel and several computer companies.<<< Now just imagine the ripple of disgust cutting through the smell of bacon and eggs in morning diners Everywhere, USA! Then flash to the young job applicant showing up at Macdonalds and asking: "Do you have any manufacturing positions open?"

To: Patricia Trinchero who wrote (6867)	3/20/2004 11:20:35 PM
From: PartyTime	Read Replies (1) \| Respond to of 173976

In the late 1970s, the top one percent of the US population held 13 percent of the wealth; in 1995 it held 38 percent. (Levy, Frank. The New Dollars and Dreams ). The top ten percent of the U.S. population owns 81.8 percent of the real estate, 81.2 percent of the stock, and 88 percent of the bonds. (Federal Reserve Bank data in Left Business Observer, No. 72, Apr. 3, 1996, p. 5). One percent of the U.S. population owns sixty percent of the stock and forty percent of the total wealth. (Hawken, Paul, The Ecology of Commerce: A Declaration of Sustainability. New York: HarperBusiness, 1993). The top one percent of U.S. households owned 42 percent of all stock in 1997... The top ten percent of households owned 82 percent of all stock-market wealth... Only 27 percent of households held more than $10,000 in stock in 1997... 57 percent of Americans didn't own any stock at all... The top fifth of households saw their income rise 43 percent between 1977 and 1999, while the bottom fifth saw their income fall 9 percent.... Since 1973, every group in society except the top 20 percent has seen its share of the national income decline, with the bottom 20 percent losing the most. They have just 3.6 percent of national income, down from 4.4 percent a quarter century ago. Indeed, the top fifth now makes more than the rest of the nation combined... Rebecca Blank, who recently left the President's Council of Economic Advisors, pointed out, ‘We've gone back to levels of income and wealth inequality that this country hasn't seen since the teens and 1920s.’" (Source: Merrill Goozner, Crash of '99?, Salon.com, Oct. 1, 1999). The top one percent of Americans receive more income than the bottom 40 percent. (Korten, David. When Corporations Rule the World, p. 108). When he was worth $40 billion, Microsoft chairman Bill Gates was worth more than the bottom 110 million Americans (the bottom 40 percent of the population). By 1998, Gates was worth $59 billion; a year later, he was worth $85 billion. Gates is twice as wealthy as the second richest American, Microsoft co-founder Paul Allen (worth $40 billion). (Source: open letter from Ralph Nader (December 1998), citing Edward Wolff of New York University, whose calculations included home equity, pensions and mutual funds, but excluded personal cars, based on Gates' then-current net worth of $40 billion). In 1995, 358 billionaires were worth $760 billion, the same as the poorest 20 percent of the world’s people. (Korten, David. When Corporations Rule the World, p. 83). endgame.org