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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Thehammer who wrote (178670)2/9/2015 8:37:34 PM
From: MJ  Read Replies (1) | Respond to of 224864
 
Exactly!

The middle class in America is destroyed.

Taxes now is only part of the scam the middle class has lived with. I added a couple of points at the end and gave the numbers and did a little highlighting and underlining. I have friends with middle class values who are still reeling from that debacle.

AS YOU WROTE: WITH MY NUMBER ADDITIONS:

. Actually there were 2 recessions:

1. First one caused by a stock market bubble And, Exacerbated by 9/11 which might have been averted if Clinton had taken out Osama when he had the change,

2. The second one was called by a housing bubble which is shared by democrats and republicans alike.
In fact Bush tried to reign in Fannie and Freddie.

3. Obummer also played a hand in that fiasco as he was leading in protests against banks that were not lending enough in minority neighborhoods.

Those actions led to a dramatic increase in sub prime debt and lowering of qualification standards which helped fuel the housing bubble

Added by mj

4. And the greedy such as WAMU (Washington) Mutual on the West Coast and later JPM . Even the successful real estate agents became greedy as they targeted people for buying and selling and loans.

5. Obama also had a hand in those foreclosures after he was elected. It took time for the WAMU debacle to get resolved---------and is still not resolved totally.

6. Finally the Reverse Mortgage ------that older folks were talked into taking out to see them through their final years.

7. Not quite finished------health care scams----my brother was scammed out of his and his deceased wife's IRA by a 'health care' professiona"l after her death. This is taking of money, property that has yet to be written about in the USA. This is the fish and the fisher scam The older person is the "fish" and the " fisher" is the health care provider.

The 'fisher' then brings in his or her friends and gradually takes alll of his or her money----and sometimes gets the property signed to the fisher. The 'fisher' is adept