What if they gave a Class War and nobody came?

Well…I don’t think we need to worry about that scenario anymore!

There is a huge asymmetrical War raging. But just as when America ‘didn’t know’ it was at war with terrorists, The Ruling Class doesn’t know it is in a Class War.

Because as far as they are concerned, they have already won. Because for the last eight year….they had.

HT to  bubbanomics

Bloomberg is reporting today that the wealthiest 400 Americans had their incomes double during the Bush presidency.  The average for these poor souls is a measly $263,300,000 per year.  Times are hard indeed.


Capital gains made up 63 percent of the richest 400 Americans’ adjusted gross income in 2006, or a combined $66.1 billion, according to the data. In all, the 400 wealthiest Americans reported a combined $105.3 billion of adjusted gross income in 2006, the most recent year for which the IRS has data.

….

The richest 1% of Americans earned $1.3 trillion in 2004, an amount greater than the total national income of Canada. Further the top 1% of Americans has 33% of the country’s wealth.

It appears however that the drums and trumpets of War are approaching their luxurious redoubts of sheltered wealth. They are starting to get the hint.

“They don’t get it,” McCaskill said on the floor. “These people are idiots. You can’t use taxpayer money to pay out $18-billion in bonuses… What planet are these people on?”

The Ruling Class (and drooling bigots like Limbaugh and his dittoheads) are the last constituencies of the Republican Party. In point of fact, the Republican Party is not much more than Political Arm of The Ruling Class.

Why should Repubs vote to fix the economy for the Middle and Lower Class….when their constituency is doing just…swell? People are losing jobs and getting thrown out in the street in record numbers, and in response the Ruling Class and their political arm, The Republican Party are echoing Dick Cheney…

“So?”

The only thing they have to fear….is us. And even that ‘us’ has been largely unaware…or afraid to acknowledge….that we are in a Class War. Up until now.

To put it simply….It’s On.

And  …Governments across Europe tremble as angry people take to the streets it’s worldwide.

As the one percent of the planet that holds the preponderance of wealth and the other 99% of the planet wake up to the fact that we ARE in a Class War, things are about to get interesting. Especially IF the 99% wake up to the fact that the 1% is killing the planet we all share …unnecessarily…  just so that they can make even more money.

As if money will save them.

Hold onto your hats, kidz. The symbolic election of Obama portends FAR more change than anyone (ha) could have anticipated. I wonder what will happen when the Ruling Class wakes up to the fact that they have…once again, gone too far… and that the peasants are indeed revolting.

Note to the nervous, and people always seem to get nervous at the words “Class War” are spoken! Perhaps the greatest service McCain did in his campaign was draw the lines of the Class War. If you make over the McCain Line of $5 million a year….

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  1. Photobucket

  2. [Irish Workers Occupy Waterford Crystal Factory

    by kentuckydavehttp://www.dailykos.com/story/2009/1/31/1307/29124/198/691364]

  3. I heard part of a speech by Robert Reich on public radio. I can’t find a transcript, but he gave one of the most clear and profound explanations of what’s going on economically that I have ever heard.

    He laid out the fact that all of the money is trickling up…just as you and bubbanomics have demonstrated and that, for the rest of us, our incomes have been declining in terms of purchasing power. Since the 70’s, we’ve done things like going from one-income households to two-income households, worked longer hours, and finally went into debt just to keep up. But when the housing bubble broke, the house of cards fell. And now, we can produce all kinds of goods, but no one can afford them. Hence, the problem is NOT that financial institutions can’t loan money, but that the average person can’t afford to buy.  

  4. for rubbing it in!  😉

    Was this all a plan of the Bilderbergs?

    I think BushCo knew this economic crisis was going to “hit” big time and that is why they were having the martial law training groups across the country — to control major rioting.  Of course, they were planning on a McCain win, too!

    It’s always nice to learn things AFTER the fact!  As though that is something new!

    FBI saw mortgage fraud early

    By PAUL SHUKOVSKY

    P-I REPORTER

    Wednesday, January 28, 2009

    Last updated 2:58 p.m. PT

    The FBI was aware for years of “pervasive and growing” fraud in the mortgage industry that eventually contributed to America’s financial meltdown, but did not take definitive action to stop it.

    “It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes,” said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002.

    The problem, according to the two FBI retirees and several other current and former bureau colleagues, is that the bureau was stretched so thin that no one noticed when those lenders began packaging bad mortgages into bad securities. . . .

    The FBI was aware for years of “pervasive and growing” fraud in the mortgage industry that eventually contributed to America’s financial meltdown, but did not take definitive action to stop it.

    “It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes,” said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002.

    The problem, according to the two FBI retirees and several other current and former bureau colleagues, is that the bureau was stretched so thin that no one noticed when those lenders began packaging bad mortgages into bad securities. . . . .

    Nevertheless, high FBI and Bush administration officials knew a potentially devastating problem was on the horizon and failed to stop it.

    “It was a sleight of hand because the public thought the administration was resourcing counterterrorism when in fact they were forcing cannibalization of the criminal program,” the retired FBI official said. “Now the chickens have come home to roost.”

    WE, this country, are the ones that started the global meltdown.

    But, in reality, I think there has been an insidious, slow moving effort right down the line, for a number of years now, to marginalize the so-called “middle-class” to the “poor class” level.

    (P.S.  Of interest to you (previous thread of yours), but I don’t think you caught it.)

    • kj on February 1, 2009 at 12:02 am

    was on my list after FISA, but she redeemed herself.  😀

  5. Thousands protest across Russia

  6. Was my last day of work.  Which also means that my former employer “Globo-Corp”, a gigantic international company KNEW well before the July 2007 deadline to “roll out” the positive benefits of a major downsizing project.  

    Advanced foreknowledge of complete financial disaster.

    According to scheduled plans and yes the CEO is a regular at Bilderburg meetings.

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