Wednesday, January 5, 2011

US Collapse accelerated in 2010

Now the Rich Get Richer Quicker: "These figures show that the shocking economic collapse of the last two years has been no collapse whatsoever for the most affluent, even while it remains traumatic for most, and catastrophic for many. Yet instead of generating a sense of moral urgency, this condition has produced a spirit of entitlement among the privileged, complacency among the struggling middle, and resignation among the impoverished. How else account for the most decisive judicial act of 2010 - the Supreme Court ruling in January that elite-protecting political spending by corporations must be unrestrained - and the most decisive legislative act - the December extension by Congress of massive tax cuts for that wealthiest sub-minority? And who can deny that the court decision led directly to the congressional act?"

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