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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (145555)	9/26/2010 11:58:07 AM
From: ChinuSFO	Respond to of 543106

There is a lot of political rhetoric in play while debating the extension of the BUsh tax cuts. But figures don't lie. Rather it provides the perspective on what all that political jargon means. And then we have the concept of "Third World America" something like Huffington would be very familiar with. In the glory days of the US, these rich folks provided aid, food etc. to the poor countries of the world so that they could expand heir "imperialist empire." But when it comes to providing those to their countrymen, they are reluctant and continue to ask for their more-than-fair share. =================================== Obama and the American dream in reverse Sep 24, 2010 09:40 EDT excerpt................... The statistic that best explains growing doubts over the achievability of the American Dream was released by the Census Bureau in mid-September. In 2009, the Bureau said, 3.8 million people joined the ranks of the poor by falling below the poverty line, defined by the government as an annual income of below $22,000 for a family of four. In contrast, the net worth of the 400 richest Americans rose by a healthy eight percent in the year to August, according to a list by the business magazine Forbes published a week after the poverty figures. That perpetuated a rich-poor gap of proportions similar to the 1920s, before the Great Depression. For most of the past four decades, the annual incomes of the bottom 90 percent have changed relatively little while those of the top 1 percent have tripled. ...read it all at blogs.reuters.com