RSN: The American People Are Angry

This is a post and video that the entire United States public needs to view.  Please forward the message to your friends and family.  Thank you in advance. DeadlyClear

By Bernie Sanders, Reader Supported News
28 June 12

The American people are angry. They are angry that they are being forced to live through the worst recession in our lifetimes — with sky-high unemployment, with millions of people losing their homes and their life savings. They are angry that they will not have a decent retirement, that they can’t afford to send their children to college, that they can’t afford health insurance and that, in some cases, they can’t even buy the food they need to adequately feed their families.

They are angry because they know that this recession was not caused by the middle class and working families of this country. It was not caused by the teachers, firefighters and police officers and their unions who are under attack all over the country. It was not caused by construction workers, factory workers, nurses or childcare workers.

This recession was caused by the greed, recklessness, and illegal behavior on Wall Street. And, what makes people furious is that Wall Street still has not learned its lessons.Instead of investing in the job-creating productive economy providing affordable loans to small and medium-size businesses, the CEOs of the largest financial institutions in this country have created the largest gambling casino in the history of the world.

Four years ago, after spending billions of dollars to successfully fight for the deregulation of Wall Street, the CEOs of the big banks — JPMorgan Chase, Bank of America, Goldman Sachs and the others — went on a losing streak. The enormous bets they made on worthless, complex, and exotic financial instruments went bad, and they stuck the American people with the bill.

Wall Street received the largest taxpayer bailout in the history of the world. But it was not just the $700 billion that Congress approved through the TARP program.

As a result of an independent audit that I requested in the Dodd-Frank bill by the non-partisan Government Accountability Office, we now know that the Federal Reserve provided a jaw-dropping $16 trillion in virtually zero-interest loans to every major financial institution in this country, large corporations, foreign central banks throughout the world, and some of the wealthiest people in this country.

And, instead of using this money to provide affordable loans to small businesses, instead of putting this money back into the job-creating productive economy, what have they done? They have gone back to their days of running the largest gambling casino in the world. In other words, they have learned nothing.

The American people are angry because they see the great middle class of this country collapsing, poverty increasing and the gap between the very rich and everyone else grow wider. They are angry because they see this great country, which so many of our veterans fought for and died for, becoming an oligarchy — a nation where our economic and political life are controlled by a handful of billionaire families.

In the United States today, we have the most unequal distribution of wealth and income since the 1920s. Today, the wealthiest 400 individuals own more wealth than the bottom half of America — 150 million people….”[Read more on RSN]
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By DeadlyClear

The focus has been shifted today because of the Supreme Court ruling on the ObamaCare mandate and state expansion of Medicaid.

While the Supreme Court narrowly upheld the right to mandate a tax for failure to buy health insurance premiums and maintained states rights not to to have to participate in the expansion of Medicaid, the vast public has been crying out against the imbalance of our nation’s wealth at the expense of the American taxpayers.

We have a huge deficit to deal with caused primarily by former President Bush’s unpaid-for wars in Iraq and Afghanistan and even more importantly, “the deficit is the result of a major decline in federal tax revenue because of the high unemployment and business losses that we are experiencing as a result of this recession — caused by the greed and recklessness of Wall Street. Revenue as a percentage of GDP, at 15.2 percent, is the lowest in more than 60 years.” [Bernie Sanders, The American People are Angry]

Sanders continues, “Despite the causes of the deficit, our Republican (and some Democrat) friends have decided that the best way forward toward deficit reduction is to cut Social Security, Medicare, Medicaid, education, food stamps and virtually every other programs of importance to low and moderate income families. We must not allow that to happen.”

We are about to enter a media driven war between the politicians where it will be hard to determine what to believe. And by the time we get to the November elections most of us will be crazed, sick and tired of the lies and debates.

The cold hard facts are that current politics are rotten to the core with Wall Street driven billionaire money. Whether it is Democrat or Republican – it is tainted.

There are no simple answers or silver bullets. We need to work hard to find the truths and organize our communities in order to share the information. Speak out, voice your opinion and share with your neighbors.

“Our job is to simply bring to fruition what the overwhelming majority of the American people want. They want an economy that works for the middle class and working families and not just for the rich. They want everybody in this country to have health care as a right. They want to protect Social Security, Medicare, and Medicaid. They want to move away from these gross inequalities in income and wealth. We have the people behind us. They have the money. And at the end of the day, the people will be stronger than the money.” Amen Bernie.

3 thoughts on “RSN: The American People Are Angry

  1. GOD bless Bernie Sanders! He is correct in his battle for us (the 99%) I am so tired of working like a dog and being the hamster on the wheel.

  2. Pingback: RSN: The American People Are Angry |

  3. Its time to come together and put an end to the crimes against humanity by Wall Street and the big financial institutions,they need the same thing the italian dictator got a few decades ago.

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