Elizabeth Warren: Treasury Sec. and Congressional Oversight Panel are not on the same page

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clarence swinney commented on this video

$14,000B Surplus. Wow! What a different attitude today in America!

14,000 Billion Surplus missed

NOTE—Numbers are rounded and are not exact. Simplistic. Purpose here is for an Overview.
Will be exact in my forthcoming book.

No Reagan or Bush Tax Cuts for the very Rich.
Today we would have a $14,000B SURPLUS

NO DEBT.

$14,000 Billion SURPLUS

24 X $750B=$18,000B Revenue missed (1985-2009)
5 X $1700B=$8,500B Revenue missed (2004-2009)
Total $26,500 Billion of Revenue missed

Debt is close to $12,000B
$26,500B of Revenue and we would have no Debt but a $14,000B Surplus

Now you know what occurred?

HERE IS THE BEEF

In 1980 the top 1% owned 20% of Total Financial Wealth
In 1989 it was 36%.
An 80% Increase via good old Ronnie enrich the rich policies and shaft middle class.
Even his David Stockman said his Tax Cut was Trojan Horse to enrich the rich.

Bush took over and now 20% own 93% of Total Financial non-home Wealth.
Top 2.7% got four times as much of Bush Tax Cuts as bottom 80%.

Those are, primarily, Wall Streeter who own our major corporations.
During Bush 8 sent 2,300,000 jobs to CHINA.
While getting huge bonuses on profits from Gambling..
While closing hundreds of plants in America.
While eliminating millions of jobs.
While buying our government.

The new--Wall Street of America--formerly USA

All Aboard! Next Boat to China in 2010 carries all jobs from Hanesbrands
Winston-Salem NC jobless thank you Wall Street.

p.s. Actually the Surplus would be much more.
The ultra rich got most of Income Increase since 1980.
A Tax Increase would have gotten us more of it

Feb

Elizabeth Warren: Treasury ...

Jan

CLARENCE SWINNEY commented on this video

Mt Rushmore Greatness not Blarney Blabber
Comparing Democrat’s hero-CLINTON—versus Republican’s hero--REAGAN
-----------------------------------------------------------------------------------------------------------

1.JOBS—grew by 43% more under Clinton.
2.GDP---grew by 57% more under Clinton.
3.DOW—grew by 700% more under Clinton..
4. MARKET CAP INCREASE—Clinton + 330%--Reagan + 136%
5.NASDAQ-grew by 18 times as much under Clinton.
6.SPENDING--grew by 28% under Clinton---80% under Reagan.
7.DEBT—grew by 43% under Clinton—187% under Reagan.
8. DEFICITS—Clinton got a large surplus--grew by 112% under Reagan.
9.NATIONAL INCOME—grew by 100% more under Clinton.
10.PERSONAL INCOME—Grew by 110% more under Clinton.
11.MEDIAN FAMILY INCOME-grew by 75% more under Clinton
12. DEFENSE BUDGETED-Clinton -2311B—Reagan-2062B (current $)
13.UNEMPLOYMENT—AVG—Clinton 5.2%--Reagan 7.6%
(I admit averaging averages can be dumb. I dumb.)
SOURCES—Bureau of Labor Statistics (www.BLS.Gov)--Economic Policy Institute (EPI.org)—Global & World Almanacs from 1980 to 2003 (annual issues)
www.the-hamster.com (chart taken from NY Times)
National Archives History on Presidents. www.nara.gov
LA Times 10-11-00 on Market--www.Find articles.com
Federal Budget.Com 2009

A vote for a Conservative is a vote for Less Success.
A vote to reduce the Standard of Living for all Americans.

Recall 1920’s and Wall Street under Conservative control?
Recall 2000-2008 and Wall Street under Conservative control?

Want more of those years? It will take many years to recover.

cswinney2@triad.rr.com
political historian
Lifeaholics Of America
author-unpublished
“All American Party”
How Democrats created a great Middle Class
and Conservatives are determined to destroy it

Dec

2009

CLARENCE SWINNEY commented on this video

EMPIRE DESTRUCTION
rape of the middle class
1980 to 2007

20 YEARS OF 3 CONSERVATIVE PRESIDENTS
18 years Conservative Senate
12 years Conservative House
6 years Total Conservative Control

Redistribution of Wealth to top 20%.

Folk! It is downhill slide for Middle Class.

FACTS---numbers rounded-

1946--1% owned 30% of Total Wealth

1980—20%--a 33% decline due to Estate Tax and High Top Income Tax Rate.

thence cometh conservatism

1989-36%

80% Increase in 8 years of Reaganism

1993-47%

2007--20% owned 93% of Total non home Financial Wealth

80% owned equity in homes.

Most major corporations are owned by WALL STREET RICH MEN CASINO

In 1945, corporations paid 35.4% of federal revenues and 7.4% in 2003

In 2000, 45% of corporations with revenue over 50 million paid no federal tax

Five Wall Street Banks own 75% of all Bank Deposits in America. 5.

Two own 20%.

Think that is not POWER???

FACT CHECK

In 8 years of Bush with 6 years of Total Control

They (wall street rich) created a Net New Jobs of 3000 per month.

Why? That is NET. You take the new jobs created and subtract the ones sent to China, etc

3000! Wow!

Bush took over after Clinton had created 237,000 Net New Jobs per month.

Clinton left Bush a spending of 1830 B Per Year.

Bush doubled it to 3600 B.

Bush inherited a 5700B Debt from Clinton. He took it to 11,500B

20 years of 3 conservative presidents did this horrible thing.

Took the Debt of less than 1000B after 200 years and added on 8000B.

In 2009 they are spinning big time to blame Obama for huge debt.

Conservatives will spend millions to coverup their Big Recession.

Much of that 8000B Debt add-on went to WALL STREET GAMBLERS.

The people do not know what has happened to them.

Forbes list of 400 Richest reveals how many became Billionaires via corporate
takeovers and Hedge Gambling

Right Wingers yell Rich Pay most of taxes.

Income Taxes!Yes! They have most of the money.

Yet! Conservatives transferred mu