History repeating itself. This article says it all IMO.
Shifting ResponsibilityHow 50 Years of Tax CutsBenefited the Wealthiest Americanshttp://wealthforcommongood.org/wp-content/uploads/2010/04/ShiftingResponsibility.pdf
It's here too. There are so many foreclosures in our neighborhood and surrounding areas. I went out a road that I haven't been down in years, recently. There are huge, beautiful "McMansions" sitting out there empty, with weeds 4 feet tall around them, being vandalized and falling to blight, among gorgoues, well manicured
There are some "For sale by owner" signs around here. I figure they're in trouble.
One house I know was foreclosed because the bank wouldn't refinance. An electrician recently did work for us & said he'd done work for these people. It makes me sad to have seen the work these people had put into their new home & now it stands empty.
On "Morning Joe", this morning, a republican senator was complaining about regulations on energy businesses, how it was stifling growth, hiring & such, at the same time the 'worm' at the bottom of the screen was stating some oil company had made record profits. Ironic.