The opinions expressed by columnists are their own and do not represent our advertisers

Sunday, September 16, 2012

New Report

A new report reveals just how damaging the financial crisis perpetrated by banksters on Wall Street was to our economy. The organization, Better Markets, calculated that our economy lost as much as $12.8 trillion as a result of the financial crisis. But beyond the numbers, there's a human toll, too. As the report says, "There are millions of Americans and perhaps tens of millions of Americans, who will never regain their earnings, educations, skills, and trainings that they lost during and as a result of the crises." We know this crisis was caused by rampant fraud on Wall Street, yet not a single bankster has gone to jail for their involvement in the meltdown. In fact, they got bailed out – and are doing just fine today. Meanwhile the Middle Class continues to suffer – and they can't expect any help from multimillionaire Mitt Romney, who said in an interview today on ABC that he believes the Middle Class is defined by those making between $200,000 and $250,000 a year. No wonder he's Wall Street's favorite candidate.

1 comment:

Anonymous said...

Isn't Obama now one of the "rich"?? Got that way a lot faster than most. Looks to me like he found and won his own personal lottery...