07 August 2008


And the rich get rich...
And the poor get....well, you know. Except no one is whispering, “I love you”, in their ear while it's happening.

According to this morning's polls, the only demographics where McCain holds a lead is among Republicans, evangelicals, and those over 45.

Over 45 and supporting McCain? What in the name of hell do these people think they’re doing? Listen up, here! Or as Raymond's dad Frank used to say, "Holy Crap!, what are they? Nuts?"

McCain calls Social Security a disgrace and wants to hand it off to the Wall-Street croupiers. He would privatize Medicare and put it under the control of HMOs and insurance oligarchs. His energy plan was written in the boardrooms of big-oil. And his tax policy is to continue the process of robbing the poor, dismantling the New-Deal, and the destruction of the middle class, with a continuation of Bush’s failed policies. And over 45s support this?

Over 45, and supporting McCain. They must be nuts. Don’t just take my word for it. According to calculations of the Tax Policy Center of the Urban Institute and Brookings Institution:

Senator Barack Obama's tax plan would provide a rise in after-tax income of 5.4% for the bottom 20% of Americans in 2012. The top 1/10th of 1% of Americans would see a drop of 12.4%

Senator John McCain's tax plan would provide a 0.9% rise in after-tax income for the bottom 20% of Americans in 2012. The top 1/10 of 1% would see a rise of 11.6%.

Ain’t we got fun, the rich get richer, and the poor...well, you know!

The song, “Ain’t We Got Fun”, came out in 1921, slightly before the Great Depression. I mention this because that's where the phrase, "the rich get rich and the poor get....children" started. And, because there are some eerie and quite scary similarities between what is happening right now and how things were in 1928.

The share of the nation's income for the top 1% of earners, (22.9%) reached its modern peak in 2006. The only year higher? 1928.

The top 10% in 2006 took a bigger share (49.7%) than at any point since 1917. The year 1928 was the runner-up. If the wealthiest 10% have glommed onto 49.7% of the nation’s income, it means that the other 90% of us are sharing only 50.3% of the nation’s income. Makes you sort of wonder what portion of that 50.3% gets to retirees, working families, and older Americans, doesn’t it?

Compare it to a fried chicken dinner on Sunday. Mom & dad share the breast and thighs, and the eight kids share the legs, beak, back, and "parson's nose". It don't seem right somehow, especially when the kids had the chore of watering and feeding the danged old chicken.

It really has become time for the “baby-boomers”, and their parents, to catch a clue as to the economic realities. And, it is time for them to recognize that a vote for Obama is a vote for their own best interests and for the future of their children and grandchildren.

Or as it was put by Plutarch: “An imbalance between rich and poor is the oldest and most fatal ailment of all republics”

Ain't We Got Fun!

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