Arianna And The Huffington Post: Looks Like A Copy Cat Job

Arianna Huffington of the Huffington Post on April 19 posted a comment titled: Shorting the Middle Class: The Real Wall Street Crime. She speaks about the financial elite and what they have been doing to America for the last 30 years, shorting the middle class. She also wrote how Wall Street was overseeing a "massive transfer of wealth from the middle class to the richest Americans.

If that statement of transferring wealth from the middle class to the richest Americans sound familiar, it is because you read it first here on "politidose" many times over and as early as July 9, 2008 in my post titled, "The Roadblock To Job Creation And A Sustained Economy--Conservatives." Also see Note 1 for other past posts on the subject. Any journalist or person who follows the news should have seen what was going on with the "transfer of wealth" long ago. Most of it happened under Reagan, Bush 41 and Bush 43 and that was also pointed out in past post on "politidose."

It is good to see Arianna and the Huffington Post finally understand what has been taken place in our country. But what Arianna does not understand is that the transfer of wealth from the middle class to the wealthy has already taken place. That is why we are going through the worst economic down turn since the great depression. Arianna also does not seem to understand the massive transfer of wealth from the taxpayers that was used by Reagan, Bush 41 and Bush 43 to finance their 20 years of record federal deficit spending and debt. My three part series on "politidose" titled: "The U. S. Economy: Which Party Performs Best" started running January 27, 2008 explained what happened. (Maybe that will be the next commentary by Arianna)

Glad to see Arianna and the Huffington Post catching up on what has been going on with the "transfer of wealth from the middle class to the wealthy."

Note l: Innovation: Lost In America posted 7/23/08

The Absence of Competition posted 10/20/09

The NFL, Corporate Welfare, Tax Incentives and The Transfer of Wealth posted
2/13/10

Congress And The Regulation Of Wall Street And Financial Institutions

President Obama and the democrats in congress are working on legislation to bring the free wheeling dealings of Wall Street and its bankers under control to prevent another meltdown that was experienced in 2008. That also includes their shady dealings. The President and democratic leaders in congress have asked the republicans to join them, but once again the ditto heads say they will oppose the democratic proposal and vote no.

It was reported Mitch McConnell, the republican minority leader in the senate met with the banking lobby and affirmed to that lobby they would oppose the democratic plan. The republican conservatives have once again said no in keeping with their unAmerican ideology of opposing anything coming out of the Obama administration or the democratic congress. Their do nothing attitude is in line with their record of failure to accomplish any thing meaningful for the country and its people.

The party that gave America 90% of its deficit spending and debt, a ruined economy, the worst job creating record since the great depression and the loss of a record number of jobs in the economy is alive and still sick. This sad bunch is still led by the likes of Newt Gingrich, Dick Armey and the conservative right wing who want to see America fail. They are all a pitiful lot.

The President and the democratic congress need to push on with legislation to bring Wall Street and its bankers under control and truly regulate their activity that sent the economy on its downward course. Let the republicans continue to be the unAmerican party since that is their own choice. When the vote is taken in the senate lets see if the republican party will have at least 4 or 5 republican senators who believe in America and vote with the democrats. The President and the democratic congress should continue to lead by action.