Severe imbalance

This doesn't make sense. This isn't healthy--for the nation. This isn't sustainable. This is what people are protesting, at least in part.

It's been a big day for hypocrisy, ignorance and possibly an education in the headlines today

To wit:

U.S. millionaires say $7 million not enough to be rich

More than four out of ten American millionaires say they do not feel rich. Indeed many would need to have at least $7.5 million in order to feel they were truly rich, according to a Fidelity Investments survey.



Some 42 percent of the more than 1,000 millionaires surveyed by Fidelity said they did not feel wealthy. Respondents had at least $1 million in investable assets, excluding any real estate or retirement accounts.


"Every person in the survey is wealthy," said Sanjiv Mirchandani, president of National Financial, a unit of Fidelity.

Once again I'm reminded of the George Harrison Beatles' song "Piggies", for painfully obvious reasons:

Have you seen the little piggies

Crawling in the dirt

And for all the little piggies

Life is getting worse

Always having dirt to play around in.

Have you seen the bigger piggies

In their starched white shirts

You will find the bigger piggies

Stirring up the dirt

Always have clean shirts to play around in.

In their styes with all their backing

They don't care what goes on around

In their eyes there's something lacking

What they need's a damn good whacking.

Everywhere there's lots of piggies

Living piggy lives

You can see them out for dinner

With their piggy wives

Clutching forks and knives to eat their bacon

Link to original post:  http://news.yahoo.com/s/nm/us_fidelity_survey/print

Quote of the day, Part II

"We believe, like the Spaniards in the 16th century who pillaged Latin America for gold and silver, that money, usually the product of making and trading goods, is real. The Spanish empire, once the money ran out and it no longer produced anything worth buying, went up in smoke. Today’s use in the United States of some $12 trillion in government funds to refinance our class of speculators is a similar form of self-deception. Money markets are still treated, despite the collapse of the global economy, as a legitimate source of trade and wealth creation. The destructive power of financial bubbles, as well as the danger of an unchecked elite, was discovered in ancient Athens and detailed more than a century ago in Emile Zola’s novel “Money.” But we seem determined to find out this self-destructive force for ourselves. And when the second collapse comes, as come it must, we will revisit wrenching economic and political tragedies forgotten in the mists of history."  --Chris Hedges, Columnist, Truthdig


Link to original post:  http://www.truthdig.com/report/item/a_recipe_for_fascism_20101108/

From the movie "The End of Poverty"

One small snippet from a much larger and important, incisive, eye-opening movie.

That precious few people will see.


Have a nice weekend, y'all.

Link:  http://www.theendofpoverty.com/

Quote of the day---and you're still voting Republican?, Part III

Decline of the Middle Class as Metaphor for the Decline of America: 'Disproportionate' is the freighted word that shackles our society. Over the past few years some two-thirds of the gain in national income has gone to the top one percent of Americans. ...too much of our political system is bought and paid for. Too much of our political system is self serving, responsive to the wings of our two parties and indifferent to the day to day concerns of middle Americans in spite of the incessant lip service extended to them. Yes, there is limp Wall Street reform, but no clawback of the exigencies that drove the nation to the brink. Yes there is a stimulus program, but faltering shamelesly through lack of clear direction. Yes, there is an alternative energy program without clear mandates nor meaningful results as the transfer of billions to the oil providers continues unabated. Yes, there are our soldiers dying in fragmented nation states far away without a modicum of sacrifice being asked of the home front. Yes, there are moneyed interests both domestic and foreign who have access to those who govern, without limitation and a shameless Congress ready to do their bidding in spite of the promises made in Presidential campaigns to curtail their influence. Yes we have courts of law who, through judicial minutiae rather than pragmatic sense of national welfare have given these moneyed interests even greater influence by striking down financial restraints on the powerfully funded in election laws, that make the middle class even more disenfranchised. Yes, there is talk of restraining government spending while special interests with access to government and its earmarks are encumbering the nation into ever greater indebtedness. Yes, while Main Street and middle class Americans continue to lose jobs, the pay checks on Wall Street and corporate boardrooms continue in their unabated and inflated manner while middle class Americans are absorbing pay cuts or shortened work weeks if they have any jobs at all, while teachers, the backbone of the nations future, police and firemen are losing their employment. And so it goes, leaving the nation with a Frankenstein system whose core objective of governance has become self preservation of power and personal influence. This, while governing for the greater good of the nation has become a secondary and distant gerrymandered priority leaving the great body of the American electorate virtually without meaningful representation and forestalling and diminishing America's middle class' engagement with its government with every passing day. --Raymond J. Learsy, Scholar and author, "Over a Barrel: Breaking Oil's Grip on Our Future"