There is no relationship between the Middle Class and Wall Street. The Wall Street recovery occurred, but, that doesn't mean American jobs are back.
Wall Street surges as US recession declared over
(AFP) – 14 hours ago
NEW YORK — US stock markets jumped to four-month highs Monday, propelled by news that the world's biggest economy exited recession in June 2009.
The markets began their upward drive in late morning trade after the National Bureau of Economic Research said the US economy had ended the most sustained downturn since World War II.
The Dow Jones Industrial Average climbed 145.77 points (1.37 percent) to finish at 10,753.62, while the tech-rich Nasdaq composite index gained 40.22 points (1.74 percent) to 2,355.83.
The broader S&P 500 index rose 17.12 points (1.52 percent) to reach 1,142.71 points.
The drive came on the back of a strong multi-session rally spurred by a brighter economic outlook....
Stop looking at President Obama as if he has two heads and six eyes. He has never lied or deceived anyone. This is a very slow recovery for the Middle Class. I knew that the minute Wall Street tanked and I've been saying it every since.
The ONLY mistake President Obama has ever made regarding the REPORTING of the greatest scam to rob the USA Treasury in history, is that he is too CIVIL to say what actually occurred under Bush and Cheney.
The Republicans don't know what an economy is. They only understand that 'handing over' their personal wealth to Wall Street works for them. There is no direct correlation between Wall Street and the Unemployed. There was at one time, but, that isn't the case anymore.
American jobs have to be CREATED. The jobs that were LOST after the CRASH of 2008 were supported by a housing BUBBLE created by Wall Street and a hapless Republican administration in DC.. All one has to do is look at the CHARACTER of the collapse and the fact more men's jobs were lost than women.
What occurred under the Bush White House which began with a multi-billion dollar bill in 2001 to place Americans in homes rather than apartments was a SYSTEMIC emptying of the 'fiscal' reserves of every aspect of the American and global economies. Everyone was in on it.
A fiscal collapse resulted because the Bush / Cheney economy was supported by EXPLOITATION of the American Dream. The price of Real Estate is NOT returning anytime soon and I am referring to AT LEAST a generation.
Wow, people believe Murdoch's Mad Cap News Service? Why? Because it gives one that 'feel good feeling.' I mean why REALLY understand what occurred when it feels soooooooo much better to be angry and FEEL powerful. Oh, the QUICK FIX.
Look, the Bush Dynasty as exported USA jobs to China and India. And that was before the collapse. When "W" could not FIND an economy for his administration because of the actions of 30 years of EXCORIATION of the American landscape by Republicans he simply allowed the Republican majority to LEGISLATE the economy through jobs bill after jobs bill after jobs bill. How was that done? BY BUILDING STUFF and financing the poor into the houses that were being built. The number of houses that exist in the market today, far exceeds the people in 'fiscal condition' to purchase them. There is a housing glut.
What were people doing under the Bush / Cheney White House? What was the 'AVERAGE' American doing with their money during those hideous years of illegal war and outrageous economic growth supported by ever increasing USA debt?
They were 'playing millionaire.' That is what they were doing. They were seeking to purchase house after house. They had a shore house. They had a mountain house. They had investment houses. They were collecting rent and racking up NET WORTH. Well. Now that your jobs are gone after being STUPID enough to BUY INTO IT, where does anyone believe the jobs are coming from? THIN AIR? GOOD WILL? Perhaps A THOUSAND POINTS OF LIGHT will give people enough purpose in their lives to feel FULFILLED.
Reducing government only does TWO things. It decreases the EFFECTIVENESS of ENFORCEMENT of laws and provides a clear path for corruption. AND. It gets rid of UNIONS. See the government is about 50% if not more of all memberships in UNIONS. So, why not rant on about reducing government and get rid of the unions at the same time? Right? I mean why not allow corruption after all the current DRUG CARTELS in Mexico carry their own 'economy of violence.' Yes? After all the only thing Wall Street is interested in is 'cash flow.' So, Wall Street doesn't care if they are supported by corruption and crime so long as they are making money. After all, some of the so called 'Best and Brightest' of Wall Street have very healthy drug addictions.
Don't start looking at President Obama as if he descended from a cloud to SAVE THE WORLD. To the extent his office allows that he is doing his level best to make PEACE and security from NUCLEAR ANNIHILATION happen.. Bush and Cheney should be able to say that. They did nothing but escalate global tensions and EXPAND the capacity for nuclear confrontation. Why would they do that by the way? Oh, yeah. To propagate more OPPORTUNITY for war and Wall Street profits. That's it, huh? I mean anyone prefers conventional warfare than nuclear encounter, so citizens would be more than willing to 'give their first born' to death on the battlefield so long as they aren't vaporized after all.
I don't want to hear how President Obama is responsible for the 'sorry state' of the economy today. He DID NOT create this mess and make no mistake it is a complete and abject mess. We are DAMN lucky the economy isn't worse than it is and houses are still worth anything at all.
The American people NEED TO LEARN a lesson alright, but, it AIN'T about George Washington and the USA Constitution and the Bill of Rights. It is about how LOUSY Republicans are at economic development of the country. And believing that SOMEHOW voting in Social Conservatives will turn the corner on economic demise is nothing but pure unadulterated 'faith based' voting.
I want to know what SCOTT BROWN has proposed to BOOST economic growth in the USA since being elected. I want to know what the Whiz Kid from Massachusetts has proposed to the legislature to TURN THIS ECONOMY around. NOTHING. His complete focus on proposing legislation is focused on 'Social Issues' of 'fear based voting.'
NOTHING !!!!!!!!!
Washington Post Staff Writer
Tuesday, June 29, 2010
...The freshman senator has bristled at a proposed assessment, included by the House-Senate committee, to pay for the cost of the legislation using a fee on financial firms with more than $50 billion in assets, and hedge funds exceeding $10 billion. The
Congressional Budget Office estimated the cost of the legislation at nearly $20 billion over the next decade.
Brown said in a statement Monday that he was "surprised and extremely disappointed" by the proposed assessment. "While I'm still reviewing the bill's details, these provisions were not in the Senate version of the bill which I previously supported," he said. "My fear is that these costs would be passed onto consumers in the form of higher bank, ATM and credit card fees and put a strain on lending at the worst possible time for our economy. I've said repeatedly that I cannot support any bill that raises taxes."...
Well, if he didn't like the bill then what is he proposing INSTEAD? NOTHING. He is just like the rest of the Republicans in COMPLAINT of every form of legislation that comes to the floor for a vote. They don't have answers, they DO however HAVE COMPLAINTS, because their 'wealth' might be diminished by future profit taking. Let's have a PITY PARTY for them. "AHHHhhhhhhhh.."...
Here is the Glamour Boy's Claim to Fame. A bill that is basically UNCONSTITUTIONAL
Brown wants citizenship revoked for terror ties
Critics question legality of bill
WASHINGTON — Senator Scott Brown responded to the attempted Times Square bombing yesterday by cosponsoring a bill that would allow the United States to strip Americans of citizenship if the government determines that an individual supported or joined a terrorist group.
But a host of scholars and fellow lawmakers, including the House Republican leader, Representative John Boehner of Ohio, immediately questioned the constitutionality of the proposal, saying it was at odds with a half-century of Supreme Court precedents that ruled that citizenship can be relinquished only voluntarily. The legislation would affect US citizens whether they are native-born or naturalized....
http://www.boston.com/news/nation/washington/articles/2010/05/07/brown_wants_citizenship_revoked_for_terror_ties/
WHEN, are Americans going to realize they are about to make the biggest mistakes of their lives by putting Social Conservatives BACK into the legislature. Government is not about what happens in the PEWS of the country. Maybe they forgot about that !
...But again, maybe that kind of casting is just good business to attract viewers for "Dancing with the Stars." People like seeing the faces of members of other shows, even if those shows were terrible. 
