Thursday, November 4, 2010



                                      GOLDMAN SACH'S OFFICE PARTY

Rich people are the backbone of our economy because they are the only people who buy things and create jobs. Therefore we should cut their taxes and cut spending on everything else.
 We all either work for rich people or sell them stuff.

The clearest explanation yet of the forces that converged over the past three decades or so to undermine the economic well-being of ordinary Americans is contained in the new book, “Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class…
The answer becomes clearer when one recognizes, as the book stresses, that politics is largely about organized combat. It’s a form of warfare. “It’s a contest,” said Professor Pierson, “between those who are organized, who can really monitor what government is doing in a very complicated world and bring pressure effectively to bear on politicians. Voters in that kind of system are at a disadvantage when there aren’t reliable, organized groups representing them that have clout and can effectively communicate to them what is going on.”
The book describes an “organizational revolution” that took place over the past three decades in which big business mobilized on an enormous scale to become much more active in Washington, cultivating politicians in both parties and fighting fiercely to achieve shared political goals. This occurred at the same time that organized labor, the most effective force fighting on behalf of the middle class and other working Americans, was caught in a devastating spiral of decline.
Thus, the counterweight of labor to the ever-increasing political clout of big business was effectively lost.
“We’re not arguing that globalization and technological change don’t matter,” said Professor Hacker. “But they aren’t by any means a sufficient explanation for this massive change in the distribution of wealth and income in the U.S. Much more important are the ways in which government has shaped the economy over this period through deregulation, through changes in industrial relations policies affecting labor unions, through corporate governance policies that have allowed C.E.O.’s to basically set their own pay, and so on.”
This hyperconcentration of wealth and income, and the overwhelming political clout it has put into the hands of the monied interests, has drastically eroded the capacity of government to respond to the needs of the middle class and others of modest income.
Nothing better illustrates the enormous power that has accrued to this tiny sliver of the population than its continued ability to thrive and prosper despite the Great Recession that was largely the result of their winner-take-all policies, and that has had such a disastrous effect on so many other Americans.

Rich people got no reason
Rich people got no reason
Rich people got no reason
To live

They make great big scams
Great big buys
They walk around
Tellin’ great big lies
They strike grand old poses
While they get to beat
The poor out of homes
With their nasty mortgage deeds

Well, I don't want no rich people
Don't want no rich people
Don't want no rich people
`Round here

Rich people are not the same
As you and I
(A fool such as I)
All men are brothers
Until the day they die
(It's a wonderful world)

Rich people got nobody
Rich people got nobody
Rich people got nobody
To love

They make little babies beg
That are so low
You got to stick em up
Just to get some dough
They got golden cars
That go beep, beep, beep
They got those invoices
They’re cheap, cheap, cheap
They got manicured fingers
And dirty little minds
They're gonna get you every time
Well, I don't want no rich people
Don't want no rich people
Don't want no rich people
'Round here


cmaukonen said...

Well DD. As was said in a old Wizard of Id Cartoon.

king "Do you discount royalty ?"
merchant "No...they serve their purpose."

There was a time when rich people would be very philanthropic. But alas that is long ago.


All hope is lost. ahahhhaha

Hope was all lost anyhow. ha

The stats on charitable contributions are down anyway.

And half of those go into political contribution committees anyway. ah

Anonymous said...

You know what keeps comming to mind is that if their is a revolution to take back the government, the wealthy might be the first ones to swing from a tree in the process. You only have to look to history to see that. The wealthy is the US royalty.