CW57, one of the local DumFox stations, aired an "infomercial" for a seminar, books and training videos on how to take advantage of the housing market crash, telling the Gullible that if they buy the properties ON CREDIT (even though they're targeting people who are already in bankruptcy and facing foreclosure) then sell them to rich real estate developers for tens of times what the houses are currently priced, financed on both transactions with an Adjustable Rate Mortgage by the same investment banks which wrote a blank rubber check for the last time this scam was perpetrated. Now, the paper they hung on us last time, it wasn't the primary cause of the Recession Massive Economic Collapse it was just (normally, as everybody knows, I avoid cliché like the plague, but I'm going out on a limb and doing it anyway) the straw that broke the camel's back. 30 straight years of unfunded Reaganomics, the collapse of the infrastructure, such as levies, bridges, roads, other privately owned public utilities, unfunded war-for-profit where those who made the profit from other people dying paid no taxes on the blood money, destruction of the unions, done at public expense and again for private
Tag: Reaganomics
Why are Indian children still dying of poverty?
There was an AP story about infanticide in India, mostly young girls, and the question attached was "why, with rising prosperity?" One question immediately answered, the "rising prosperity" is mostly the Rich getting Richer, much like the Class War they "upper class elites" declared in America long long ago and are intensifying now. Having the top economic level, the "1 percenters" getting an even larger share of even an expanding economy means those in the 80% who have less income than it takes to actually survive, will have even less. A classic example of How Deregulated Free Market Capital works to destroy the poor for the profit of the very richest. And now, it's taking its bloody horrid toll on the children of the poor PEOPLE.
Following Right Wing political theology
Faith based politics where you have to believe fervently the dogma handed down by the High Priests of Capital... But according to their gospels of greed, there has never actually been any revolution where wealth has been redistributed to the poor from the wealthy. In other words, the wealth has been transferred from one group of heavily armed rich thieves to another. Lateral instead of Vertical economic mobility. Thus, no real Socialist state or more importantly, Socialist Economy has ever existed, at least according to the Ayn Rand Theology. Yet somehow, it's the Communists and Socialists, the ones who never had their hands on the missing bread in the first place, who crashed the economy repeatedly over the past 500 years of straight-on Capitalism. For instance the Mortgage Crisis that immediately preceded the crash of the War-expense Bloated Debt Economy. 19242