Corrente

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World's rich got richer amid '09 recession (and by "'09 recession," Reuters must mean the 2007-???? Depression):

In North America, the ranks of the rich rose 17 percent and their wealth grew 18 percent to $10.7 trillion.

So, it couldn't be more clear, could it?

For the elite, there is no recession. There is no problem. And the elite are running both legacy parties, and -- human nature being what it is -- for their benefit.

Permanently higher unemployment, loss of housing, no medical care, shitty jobs, rent-seeking parasites everywhere you look, a surveillance state: These are not bugs. They're features.

The lesson the elite took from FDR was never to let that happen again (and the role of career "progressives" was to create the illusion that even an FDR-lite might be on the table. Na ga happen).

The depression has worked out very well for them.

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gqmartinez's picture
Submitted by gqmartinez on

Actually, its not really a trickle any more thanks to Obama. But what is a good word to describe it?

a little night musing's picture
Submitted by a little night ... on

- not quite a gusher, not yet.

Hookfan's picture
Submitted by Hookfan on

floats up to the top where its skimmed off, while the rest of us stay under water or die from lack of financial oxygen. . .

cenobite's picture
Submitted by cenobite on

"a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

He was talking about Goldman Sachs but I think it scales up to our entire worthless ruling class at this point.