Upper Crust Socialists--Crony Communism in the USA

Let us now on the eve of who-knows-what-will-really-happen review the facts:

Fact number one: the Republicans now in charge, along with the citizens who so loudly and brashly supported them over these last 28 years, have promoted and enacted 1920's style Laissez-faire free market policies, and have ridiculed sensible regulatory measures while branding those who warned of the danger of unfettered free market capitalism as “socialists,” “communists,” and anti-American sucklings of the government teat.

Fact number two: these same Republicans have long believed in trickle down economics, and to that extent have cut taxes, passed crony-capitalist policies, kick-backs, subsidies, special favors (eg, letting the credit industry write the bankruptcy laws), and no-bid contracts to allow an unprecedented concentration of wealth at the top, the likes of which we have seldom seen before and reminiscent of the pre-Depression era.

Fact number three: Since President Bush took office more than 7 million Americans have lost their health insurance, 4 million Americans have lost their pensions, foreclosures are at record levels, consumer debt has more than doubled and the national debt is $9.7 TRILLION dollars.

Fact number four: Under the Republican control the top .1% now earn more money than the bottom 50% and the top 1% have more wealth than the bottom 90%. The wealthiest 400 people saw their wealth increase by $670 BILLION dollars, while median family income has dropped by more than $2,000

Fact number five: Both McCain and Bush, until JUST THIS MONDAY AFTERNOON, have continually erred about the true state of our economy, repeatedly stating that it was “fundamentally strong.”

Fact number six: The Bush bail-out plan, authored by the nation’s top financial leaders, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, calls on that lower 90%--the mainstream American taxpayer—to pay for the mistakes, the greed, the self-interested ineptitude of their cronies, who at this point keep every dollar of their mis-begotten gains while suffering NONE of the risk! This is socialism all right, socialism for the rich:

WE take the big risk (without wanting or asking for it), THEY get the reward.

I will later present my plan for a sane and just reform.

Richard F. Dawahare September 21, 2008