You sometimes wonder why the Wall Street Financiers appear to dislike the Obama Administration. Because it sure seems like they've done well by him. Maybe it's because in his move to be a compromiser he's acceding all sorts of concessions.
Or has he conceded all sorts of accessions?
In any event, the news seems full of reverses sometimes. Like I'm not sure which side anyone is on. They say they're one thing but then another thing happens, and I wonder if they're really all just foxes in the henhouse, working together to confuse us while they're stealing our nest eggs.
Like Rick Perry's miracle in Texas. Turns out about 80 percent of the new jobs created since 2007 went to newly-arrived immigrants. Half of those were in the country illegally. The employment of native-born Texans actually declined over that period.
Wait a minute. Isn't he supposed to be a Republican?
On the flip side, in the supposedly business unfriendly Democratic administration, Wall Street Securities firms made $83 billion in profit during the last two and a half years under Obama.
Those same firms only made $77 billion in profit during the entire eight years of the Bush Administration
And it wasn't just Wall Streeters. In 2010 members of Congress had a collective net worth of $2 billion, a 25% hike over 2008, and that doesn't even include home values. To be fair and balanced, as in account balances, the median net worth of congressfolks is a mere $513,000.
The 50 richest lawmakers account for 80 percent of the wealth—probably just a few folks innocently padding their retirement before they have to go off to work in the not-nearly-as-lucrative wasteland of Wall Street consulting firms.
Anyone seen my 401K recently?
I think I left it in the henhouse.
America, ya gotta love it.
Friday, December 02, 2011
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