"Study: The widening gap between the rich and the rest of us is ‘unsustainable’"

A thriving economy lifting up the middle and lower income classes doesnt win votes for Democrats. A declining economy and lower income voters dependent on government handouts and the Democratic party willing to give it to them does win votes for democrats.

 

Chicken, egg.
Egg, chicken.
Shake hands and retreat to your corners, when the bell rings come out fighting.

 

Nah, it's sustainable. The middle and lower classes just need to read up on 'productivity'. It's all sustainable as long as you can be more productive (do the job of, say, two or three people) and the rich can profit from your productivity.

 

“Efforts to bump the United States dollar off its pedestal as the world’s primary reserve currency have gained significant momentum this year… these efforts are clearly laying the groundwork for a post-American world.” -Edmund C. Moy, 38th Director of the United States Mint.

The BRICS nations (Brazil, Russia, India, China, South Africa) recently formed the BRICS Development Bank to compete with the International Monetary Fund (IMF).

Basically, they’re pulling away from the U.S. so they will no longer need U.S. dollars to do business.

And as soon as the ties are completely cut, all those dollars that Russia and China currently have will be coming home to roost… right here in the U.S.

When that happens, inflation is going to go through the roof… the prices of all kinds of consumer goods will explode.

Click here to discover 1 Thing You Must Have When the Dollar Goes Bust.

The massive shift in financial power cannot be stopped. It is already too late. The Fed has debased the dollar to a point where it will never recover.

 

And yet, the dollars value continues to rise against both the Ruble and Euro.

 

Yes a floating currency against the USD is subject to the mismanagement of Washington and Wall Street and will have the rest of the world begging for mercy. De coupling from the dollar is a process and will inability these countries who are moving on to become much stronger as the dollar collapses.
http://www.zerohedge.com/news/2014-10-06/swift-announces-it-regrets-pressure-disconnect-russia

 

Under Democrat control we have seen a quickening pace of that widening so why would you turn to Democrats?

The President of Inequality
Policies promoting equality over growth have damaged both.

In the latest grim tiding of the public mood, merely 42% think the American dream that “if you work hard, you’ll get ahead” remains true, down from 53% in 2012 and 50% in 2010. According to the Public Religion Research Institute poll last week, the steepest declines in belief in the last two years were among people under age 30 (down 16 percentage points), women (14 points) and Democrats (17).

In other words, the most disillusioned belong to the coalition that elected President Obama. But before giving up on upward mobility, they ought to blame the policies he has enacted. Mr. Obama has been the best President for slow growth and inequality in modern history, as new economic surveys show.

***
Start with the Census Bureau’s annual poverty and income survey, which came out this month. Real U.S. median household income—or the wages earned in the middle of the wage distribution—was $51,939, a 0.3% increase over 2012. But the 2013 figure is still 3.9% lower than the median income when the recession ended in 2009, and 7.9% lower than the median in 2007.

One trick some liberals use to obscure the uniquely bad performance of the Obama years is to go back to the height of the dot-com bubble in 1999 when real income peaked at $56,895 and compare it to 2013. But this conveniently ignores that real median household income rebounded smartly in the middle of the last decade. That rebound occurred after the Bush tax cuts on capital income and marginal income-tax rates became law in 2003.

As the nearby chart shows,


incomes fell after 1999 through 2004 but then rose again for three straight years and nearly reached the 1999 level in 2007 at $56,436. The bottom fell out with the 2008 financial panic and recession, as you would expect. But the amazing fact of the Obama years is that incomes did not rebound with the recovery as they have in every other expansion. Only in 2013 did incomes begin to pick up modestly, five long years into recovery.

Even then real median income did not increase in 2013 in 36 states. Instead, the gains were concentrated in metro areas like Washington-Arlington-Alexandria (median: $90,149), San Francisco-Oakland-Hayward ($79,624) and Boston-Cambridge-Newton ($72,907). Wyoming amid the fracking revolution was another standout, with the median rising 5.7%.

This slow, uneven growth has also led to an increase in inequality by the measures the President’s favorite economists like to cite. The Census reports that the U.S. Gini Coefficient, which measures income inequality, “was significantly higher” in 2013, rising to 0.481 from 0.476. About 45.3 million people or 14.5% of the population live below the official poverty line, down from 15% in 2012 but statistically the same number of people. Poverty over the prior four years rose to the highest levels since the mid-1960s. The poverty rate was 14.3% in 2009 and 12.5% in 2007.

This month the Federal Reserve also published its triennial Survey of Consumer Finances examining the 2010-2013 period. Overall average real family income rose 4%, but median income fell 5%, “consistent with increasing income concentration.” There were essentially no changes for people between the 40th and 90th income percentiles after steep losses from 2007-2010, while median income rose 2% among the top 10% and fell 5.5% among the bottom 40%.

All of this is especially notable because it follows the most sustained policy focus on reducing inequality in decades. President Obama’s stimulus spending in 2009-2010 was devoted mainly to transfer payments like Medicaid and jobless benefits. Expanding the number of Americans on food stamps and disability payments have been explicit policy goals. ObamaCare is designed to provide “free” health care to millions of Americans by taxing the wealthy and those who already have insurance.

Mr. Obama has also focused on income redistribution to punish the affluent while financing income transfers. So he cornered Republicans in the 2013 fiscal cliff and succeeded in raising the top income tax rate as well as levies on capital gains, dividends and small-business income.

On CBS ’s “60 Minutes” on Sunday Mr. Obama answered a question about economic anxiety by offering another increase in the minimum wage. But the Nancy Pelosi Democrats raised the minimum wage in three stages to $7.25 an hour in 2009 from $5.15 in 2007. If mandated wages are so beneficial to the American worker, where is the evidence?

The Census data show that every income group that was supposed to benefit from the higher wages is worse off than before the minimum wage was increased. This is because the benefits of mandated wage increases for some workers are dwarfed by the overall negative economic trends of slower growth and reduced opportunity.

Another culprit in this skewed economic recovery has been monetary policy. The Fed’s QE exertions have been explicitly targeted at raising asset prices, such as stocks and real estate, that are disproportionately held by the affluent. Meantime, Americans without such assets have received a pittance on their savings. The White House has been a stalwart supporter of these Fed policies.

***
Census data like this used to get banner headlines, but these days they barely get media notice. Perhaps it is too embarrassing to point out that the policies flaunted to reduce inequality have presided over so much more of it. Instead, liberals use the fact of flat or falling incomes to call for more of the same policies that have resulted in flat or falling incomes. By making equality a higher priority than economic growth, Mr. Obama has reduced growth and increased inequality.

What’s needed now is a return to policies that put growth as the country’s highest economic priority. The wealthy may get richer as a result, but so will the middle class and poor who haven’t benefitted from Mr. Obama’s focus on inequality.

The good news is that the public may be ahead of the politicians in seeking this change, and it is certainly ahead of the media. A survey this year by the Global Strategy Group found that by 59% to 37% Americans prefer a political candidate who focuses on economic growth to one who focuses on fairness. Thus is Mr. Obama creating, albeit unintentionally, a new opening for the politics of growth.

http://online.wsj.com/articles/the-president-of-inequality-1412292383

 

The dispersion is coming from Obama and the Fed. Want to end it, end the Fed's monetary policy and go back to government fiscal policy that targets economic growth not redistribution of what the successful people create.

And the "nation" doesn't have wealth, the wealth belongs to the individual citizens.

- - - Updated - - -

It can if the tax rate cuts produce more revenue than before.

 

After the Bush43 tax rate cuts the economy boomed and we quickly reached full employment, the growth in the economy came mostly from productivity increases, which is the hard way to do it, and wages and incomes increased. Get back to full employment and companies will again have to turn to ways to increase productivity.

 

The value of the dollar is continuing to INCREASE compared to the Ruble and the Euro.

 

REALLY! while this Quantitative easing made some sense in the heights of the recession, that was over by June 2009, 5 and a half years later to be continuing it is absurd.

 

Agreed.

But dollars are just IOUs, markers we exchange to measure the value we put into the economy. What's unsustainable is not a gap in IOUs retained, it's the gap in value contributed.





​

 

You mean the same way it did in the late 20's before the depression and in 2007 -08 before the derivatives and housing market crashed. Illusions are difficult to maintain. Good luck if you are buying into the whole economic recovery drivel. The 40 trillion derivatives market that crashed the system in 2008 is now 1.5 quadrillion. That wont end well.
http://rense.com/general85/g20.htm
"
G-20 Must Freeze The $1.5
Quadrillion Derivatives Bubble
As The First Step To World Economic Recovery
By Webster Tarpley
3-22-9



WASHINGTON, DC -- On the eve of the long-awaited London conference of the G-20 nations, we are rapidly descending into the chaos of a Second World Economic Depression of catastrophic proportions. In the year since the collapse of Bear Stearns, we have moved toward the disintegration of the entire globalized world financial system, based on the residual status of the US dollar as a reserve currency, and expressed through the banking hegemony of London, New York, and the US-UK controlled international lending institutions like the International Monetary fund and the World Bank. This is a breakdown crisis of world civilization, prepared over decades by the folly of deindustrialization and the illusions of a postindustrial society, further complicated by the deregulation and privatization of the leading economies based on the Washington Consensus, itself a distillation of the economic misconceptions of the Austrian and Chicago monetarist schools. If current policies are maintained, we face the acute danger of a terminal dollar disintegration and world hyperinflation. The G-20 leaders are must deliberate a new set of policies capable of leading humanity out of the current crisis. We must first identify the immediate cause which has detonated the present unprecedented turbulence. That cause is unquestionably the $1.5 quadrillion derivatives bubble. Derivatives have provoked the downfall of Bear Stearns, Countrywide, Northern Rock, Lehman Brothers, AIG, Merrill Lynch, and Wachovia, and most other institutions which have succumbed. Derivatives have made J.P. Morgan Chase, Bank of America, Citibank, Wells Fargo, Bank of New York Mellon, Deutsche Bank, Société Générale, Barclays, RBS, and money center banks of the world into Zombie Banks......"

 

With 5 1/2 years of hindsight since the article was written, we can now see how truely absurd the article was

 

No wonder you struggle with basic economics. I see counting to "3" threw you.
"G-20 Must Freeze The $1.5 Quadrillion Derivatives Bubble

December 11, 2011"

These were the top 5 banks 5 months ago.
JPMorgan Chase Total Assets: $1,945,467,000,000 (nearly 2 trillion dollars) Total Exposure To Derivatives: $70,088,625,000,000 (more than 70 trillion dollars) Citibank Total Assets: $1,346,747,000,000 (a bit more than 1.3 trillion dollars) Total Exposure To Derivatives: $62,247,698,000,000 (more than 62 trillion dollars) Bank Of America Total Assets: $1,433,716,000,000 (a bit more than 1.4 trillion dollars) Total Exposure To Derivatives: $38,850,900,000,000 (more than 38 trillion dollars) Goldman Sachs Total Assets: $105,616,000,000 (just a shade over 105 billion dollars – yes, you read that correctly) Total Exposure To Derivatives: $48,611,684,000,000 (more than 48 trillion dollars)

 

How does it ever make sense to throw money at the banks that never reaches the consumer to stimulate a countries economy. The banks spread sheet show stability but the rest get drained. Basic economics: No consumer spending, no economic recovery no matter how good they manipulate the numbers of the bankers and WS'ers. Real wages with inflation adjustments is lower than 1965 and is obvious by the fact that 1 middle class American cant earn enough to raise a family without government assistance.

 

Make a point if you can. We can all see you can copy and paste. No rapid "descending into the chaos of a Second World Economic Depression of catastrophic proportions". These so called "zombie Banks" have paid back the government with interest.

 

You actually believe that to don't you?

Name

Type

State

Profit /
Net Outstanding

Disbursed

Returned

Dividends +
Interest

Warrants

Other Proceeds


1st Financial Services Corp Bank (Public) NC -$7,139,052 $16,369,000 $8,000,000 $1,229,948 $0 $0
AB&T Financial Corp Bank (Public) NC -$2,173,585 $3,500,000 $965,721 $360,694 $0 $0
Anchor BanCorp Wisconsin Bank (Public) WI -$104,000,000 $110,000,000 $6,000,000 $0 $0 $0
Bank of George Bank (Private) NV -$1,388,060 $2,672,000 $955,240 $279,991 $48,709 $0
Blue Ridge Bancshares Bank (Private) MO -$564,957 $12,000,000 $8,969,400 $1,923,850 $541,793 $0
Blue River Bancshares Bank (Private) IN -$4,470,895 $5,000,000 $0 $529,105 $0 $0
Blue Valley Ban Corp Bank (Public) KS -$275,525 $21,750,000 $21,263,017 $211,458 $0 $0
Bridgeview Bancorp Bank (Private) IL -$24,440,526 $38,000,000 $10,450,000 $2,393,155 $716,319 $0
Cadence Financial Corp Bank (Public) MS -$2,015,937 $44,000,000 $38,000,000 $3,984,063 $0 $0
Carolina Trust Bank Bank (Public) NC -$5,548 $4,000,000 $3,362,000 $613,320 $19,132 $0
Cascade Financial Corp Bank (Public) WA -$21,291,100 $38,970,000 $16,250,000 $1,428,900 $0 $0
Central Federal Corp Bank (Public) OH -$3,612,882 $7,225,000 $3,000,000 $612,118 $0 $0
Central Pacific Financial Corp Bank (Public) HI -$59,963,109 $135,000,000 $71,922,503 $2,362,500 $751,888 $0
Central Virginia Bankshares Bank (Public) VA -$7,584,344 $11,385,000 $3,350,000 $450,656 $0 $0
Centrue Financial Bank (Public) MO -$21,357,222 $32,668,000 $10,739,088 $571,690 $0 $0
Chrysler Auto Company MI -$1,315,061,737 $10,748,284,222 $7,256,590,642 $1,171,263,942 $0 $1,005,367,901
CIT Group Bank (Public) NY -$2,286,312,500 $2,330,000,000 $0 $43,687,500 $0 $0
Citizens Bancorp Bank (Private) CA -$10,176,429 $10,400,000 $0 $223,571 $0 $0
Colony Bankcorp Bank (Public) GA -$1,519,911 $28,000,000 $21,680,089 $3,990,000 $810,000 $0
Community First Inc Bank (Private) TN -$10,082,487 $17,806,000 $5,350,703 $1,908,453 $464,357 $0
Community West Bancshares Bank (Public) CA -$1,258,860 $15,600,000 $11,181,456 $2,461,333 $698,351 $0
Dickinson Financial Corp II Bank (Private) MO -$58,593,142 $146,053,000 $79,903,245 $2,631,196 $4,925,417 $0
Farmers Capital Bank Corp Bank (Public) KY -$3,164,171 $30,000,000 $21,594,229 $5,166,600 $75,000 $0
First BanCorp Bank (Public) PR -$301,660,461 $424,174,000 $89,514,153 $32,999,386 $0 $0
First Banks, Inc. Bank (Private) MO -$175,186,740 $295,400,000 $105,742,353 $6,037,237 $8,433,670 $0
First Community Bank Corp of America Bank (Public) FL -$2,185,751 $10,685,000 $7,754,267 $744,982 $0 $0
First Federal Bancshares of Arkansas Bank (Public) AR -$9,929,375 $16,500,000 $6,000,000 $570,625 $0 $0
First Financial Service Corp Bank (Public) KY -$7,666,222 $20,000,000 $10,733,778 $1,600,000 $0 $0
First Intercontinental Bank Bank (Private) GA -$2,229,115 $6,398,000 $3,247,112 $757,453 $164,320 $0
First Place Financial Corp Bank (Public) OH -$65,917,905 $72,927,000 $0 $7,009,095 $0 $0
First Reliance Bancshares Bank (Private) SC -$2,354,941 $15,349,000 $10,327,021 $2,042,406 $624,632 $0
First Security Group Bank (Public) TN -$16,684,638 $33,000,000 $14,912,862 $1,402,500 $0 $0
First Sound Bank Bank (Public) WA -$3,369,056 $7,400,000 $3,700,000 $330,944 $0 $0
First Southwest Bancorporation Bank (Private) CO -$140,227 $5,500,000 $4,900,609 $207,327 $251,837 $0
FNB United Corp Bank (Public) NC -$38,760,766 $51,500,000 $10,149,929 $2,589,305 $0 $0
FPB Bancorp Bank (Public) FL -$5,526,112 $5,800,000 $0 $273,888 $0 $0
General Motors Auto Company MI -$11,410,472,582 $50,744,648,329 $38,640,015,146 $694,160,600 $0 $0
Gregg Bancshares Bank (Private) MO -$779,810 $825,000 $0 $45,190 $0 $0
Hampton Roads Bankshares Bank (Public) VA -$74,556,392 $80,347,000 $3,279,764 $2,510,844 $0 $0
Hyperion Bank Bank (Private) PA -$214,834 $1,552,000 $983,800 $327,666 $25,700 $0
Idaho Bancorp Bank (Private) ID -$6,775,695 $6,900,000 $0 $124,305 $0 $0
Integra Bank Corporation Bank (Public) IN -$81,635,660 $83,586,000 $0 $1,950,340 $0 $0
Legacy Bancorp Bank (Community Development) WI -$5,142,921 $5,498,000 $0 $355,079 $0 $0
Marine Bank & Trust Company Bank (Private) FL -$653,787 $3,000,000 $2,010,000 $235,713 $100,500 $0
Marquette National Corp Bank (Private) IL -$1,664,053 $35,500,000 $25,313,186 $7,072,590 $1,450,171 $0
Maryland Financial Bank Bank (Private) MD -$832,754 $1,700,000 $527,000 $313,471 $26,775 $0
Midtown Bank & Trust Company Bank (Private) GA -$1,651,863 $5,222,000 $3,133,200 $275,104 $161,833 $0
Midwest Banc Holdings Bank (Public) IL -$88,563,712 $89,388,000 $0 $824,288 $0 $0
Monarch Community Bancorp Bank (Public) MI -$1,976,879 $6,785,000 $4,545,202 $262,919 $0 $0
Naples Bancorp Bank (Private) FL -$3,043,934 $4,000,000 $600,000 $356,066 $0 $0
National Bancshares Bank (Private) IA -$3,192,912 $24,664,000 $18,318,148 $2,307,492 $845,448 $0
Northern States Financial Corp Bank (Public) IL -$10,768,828 $17,211,000 $6,023,850 $418,322 $0 $0
Old Second Bancorp Bank (Public) IL -$41,576,763 $73,000,000 $25,547,319 $5,769,027 $106,891 $0
Pacific Capital Bancorp Bank (Public) CA -$26,561,211 $195,045,000 $165,983,272 $2,107,396 $393,121 $0
Pacific Coast National Bancorp Bank (Public) CA -$4,101,913 $4,120,000 $0 $18,087 $0 $0
Pacific Commerce Bank Bank (Public) CA -$1,018,330 $4,060,000 $2,519,960 $387,223 $134,487 $0
Park Bancorporation Bank (Private) WI -$1,179,936 $23,200,000 $16,772,382 $4,351,643 $896,039 $0
Peoples Bancshares of TN Bank (Private) TN -$135,012 $3,900,000 $2,919,500 $723,263 $122,225 $0
Pierce County Bancorp Bank (Private) WA -$6,592,053 $6,800,000 $0 $207,947 $0 $0
Premier Bank Holding Company Bank (Private) FL -$9,032,588 $9,500,000 $0 $467,412 $0 $0
Princeton National Bancorp Bank (Public) IL -$22,811,595 $25,083,000 $0 $2,271,405 $0 $0
Provident Community Bancshares Bank (Public) SC -$3,626,609 $9,266,000 $5,096,300 $543,091 $0 $0
Ridgestone Financial Services Bank (Private) WI -$1,269,893 $10,900,000 $8,876,677 $277,223 $476,207 $0
Rogers Bancshares Bank (Private) AR -$24,261,979 $25,000,000 $0 $738,021 $0 $0
Santa Clara Valley Bank Bank (Private) CA -$178,674 $2,900,000 $2,440,379 $158,928 $122,019 $0
Santa Lucia Bancorp Bank (Public) CA -$868,889 $4,000,000 $2,800,000 $331,111 $0 $0
Seacoast Banking Corp Bank (Public) FL -$954,530 $50,000,000 $40,404,700 $8,585,770 $55,000 $0
Security Bancshares of Pulaski County Bank (Private) MO -$134,090 $2,152,000 $1,475,592 $449,073 $93,245 $0
Sonoma Valley Bancorp Bank (Private) CA -$8,305,836 $8,653,000 $0 $347,164 $0 $0
South Financial Group Bank (Public) SC -$200,034,670 $347,000,000 $130,179,219 $16,386,111 $400,000 $0
Spirit BankCorp Bank (Private) OK -$18,099,925 $30,000,000 $9,000,000 $2,261,750 $638,325 $0
Sterling Financial Corp Bank (Public) WA -$181,242,791 $303,000,000 $113,338,081 $6,733,333 $825,000 $860,795
Stonebridge Financial Corp Bank (Private) PA -$8,320,183 $10,973,000 $1,879,145 $634,609 $139,063 $0
Superior Bancorp Bank (Public) AL -$64,016,667 $69,000,000 $0 $4,983,333 $0 $0
Syringa Bancorp Bank (Private) ID -$7,746,878 $8,000,000 $0 $253,122 $0 $0
TCB Holding Company Bank (Private) TX -$11,039,168 $11,730,000 $0 $690,832 $0 $0
Tennessee Commerce Bancorp Bank (Public) TN -$26,766,667 $30,000,000 $0 $3,233,333 $0 $0
The Bank of Currituck Bank (Private) NC -$2,108,316 $4,021,000 $1,742,850 $169,834 $0 $0
The Baraboo Bancorporation Bank (Private) WI -$2,725,169 $20,749,000 $13,399,227 $3,766,126 $858,478 $0
TIB Financial Corp Bank (Public) FL -$23,555,641 $37,000,000 $12,119,637 $1,284,722 $40,000 $0
Treaty Oak Bancorp Bank (Private) TX -$2,575,585 $3,268,000 $500,000 $192,415 $0 $0
Trinity Capital Corporation Bank (Private) NM -$894,525 $35,539,000 $26,396,503 $6,592,185 $1,655,787 $0
UCBH Holdings Bank (Public) CA -$291,227,080 $298,737,000 $0 $7,509,920 $0 $0
United American Bank Bank (Private) CA -$5,217,343 $8,700,000 $3,319,050 $0 $163,607 $0
United Bancorp Bank (Public) MI -$284,075 $20,600,000 $16,750,221 $3,527,704 $38,000 $0
Valley Community Bank Bank (Public) CA -$2,502,909 $5,500,000 $2,296,800 $629,476 $70,815 $0
Millenium Bancorp Bank (Private) CO -$2,963,577 $7,260,000 $2,904,000 $1,392,423 $0 $0
TriSummit Bank Bank (Private) TN -$505,582 $7,002,000 $5,198,986 $1,172,766 $124,666 $0
Bank of the Carolinas Corporation Bank (Public) NC -$8,844,573 $13,179,000 $3,294,750 $1,039,677 $0 $0
Tifton Banking Company Bank (Private) GA -$3,576,792 $3,800,000 $0 $223,208 $0 $0
Indiana Bank Corp Bank (Private) IN -$1,146,861 $1,312,000 $0 $165,139 $0 $0
Village Bank and Trust Financial Corp Bank (Public) VA -$7,747,407 $14,738,000 $5,672,361 $1,318,232 $0 $0
Georgia Primary Bank Bank (Private) GA -$2,873,543 $4,500,000 $1,556,145 $0 $70,312 $0
One Georgia Bank Bank (Private) GA -$5,500,000 $5,500,000 $0 $0 $0 $0
Investors Financial Corporation of Pettis County Bank (Private) MO -$3,825,676 $4,000,000 $0 $174,324 $0 $0
Community Financial Shares, Inc. Bank (Private) IL -$2,729,256 $6,970,000 $3,136,500 $947,194 $157,050 $0
Fort Lee Federal Savings Bank Bank (Private) NJ -$1,212,816 $1,300,000 $0 $87,184 $0 $0
Franklin Bancorp, Inc. Bank (Private) MO -$677,129 $5,097,000 $3,253,899 $965,344 $200,628 $0
CB Holding Corp. Bank (Private) IL -$3,842,421 $4,114,000 $0 $271,579 $0 $0
Citizens Bancshares Co. Bank (Private) MO -$11,037,619 $24,990,000 $12,679,301 $628,033 $645,047 $0
First Trust Corporation Bank (Private) LA -$2,664,820 $17,969,000 $13,612,558 $1,046,896 $644,726 $0
Virginia Company Bank Bank (Private) VA -$955,554 $4,700,000 $2,868,974 $786,990 $88,481 $0
FC Holdings Bank (Private) TX -$1,205,370 $21,042,000 $18,685,927 $156,090 $994,613 $0
First Alliance Bancshares Bank (Private) TN -$418,323 $3,422,000 $2,370,742 $538,233 $94,702 $0
Gold Canyon Bank Bank (Private) AZ -$1,553,141 $1,607,000 $0 $53,859 $0 $0
Metropolitan Bank Group Bank (Private) IL -$47,533,274 $74,706,000 $23,718,542 $3,454,184 $0 $0
NC Bancorp Bank (Private) IL -$4,572,286 $7,186,000 $2,281,458 $332,256 $0 $0
Alliance Financial Services Bank (Private) MN -$2,193,864 $12,000,000 $8,912,495 $388,741 $504,900 $0
Florida Bank Group, Inc. Bank (Private) FL -$11,290,207 $20,471,000 $8,000,000 $1,180,793 $0 $0
First Independence Corporation Bank (Community Development) MI -$402,739 $3,223,000 $2,286,675 $533,586 $0 $0
CoastalSouth Bancshares, Inc. Bank (Private) SC -$1,757,512 $16,015,000 $12,606,191 $1,235,449 $415,848 $0
GulfSouth Private Bank Bank (Private) FL -$6,818,689 $7,500,000 $0 $681,311 $0 $0
Delmar Bancorp Bank (Private) MD -$2,401,669 $9,000,000 $5,453,900 $832,487 $311,944 $0
Layton Park Financial Group Bank (Private) WI -$67,838 $3,000,000 $2,345,930 $481,857 $104,375 $0
First Community Financial Partners, Inc. Bank (Private) IL -$3,747,521 $22,000,000 $14,211,450 $3,320,655 $720,374 $0
FBHC Holding Company Bank (Private) CO -$2,230,408 $3,035,000 $650,000 $154,592 $0 $0
This is the latest list of banks and corps who never paid those tax dollars back.

 

Get used to it.

On a state level the republican/libertarian/tea party strategy is currently very effective. They just have lots more money to pump into the process.

Rick Scott is the worst governor we ever had here, but he may very well win the next election. His ads on TV run about ten times as often as his opponents. (Conservatively, I personally think they run more often than that.) Most of the ads are super pac funded and produced. Charlie Christ was a relatively popular governor, but after watching these negative ads over and over again most people are going to forget that.

Most of the people I know who are vocal about their politics dislike Christ because they are die hard liberals with long memories of opposing him in his republican days. They are anything but moderate. Moderates have short memory spans about politicians and as such are much easier to sway with repetitive negative ads. All the noise from the extreme right and left is negative towards him, so it looks pretty grim right now.

Personally if I had to choose between Scott and Doctor Doom I'm not sure who I would pick. He is that bad.

 

Obama's failed policies have done this. The rich have gotten RICHER under this president and he has had a war on the middle class from Day 1. He keeps the poor hanging on with freebies and the poor have become larger. He is trying his best to get rid of the heart and soul of this country. The DEMOCRATS have been in power for 6 years and they OWN this mess. Is it any wonder that the American people voted the Democrat Obama as the WORST? When I vote next month, I am pulling every Republican lever.

 

I, of course, was referring to the Banks YOU named. But of course, thats why you now want to dash off to these other banks. Watch the silly little man run.

 

In my own opinion no political system in the world could shorten the gap between the rich and the poor but the real requirement is the individual insights of how to earn more. All of us must stage and plan something so that we could work better,earn better and could invest with the rich guy's business.

 

Yep, Thank you Koch Brothers.

However, even with all that, Both Brownback and senator Roberts are trailing in the polls.

 

Despite your rabid dislike for our president, in line with others of your ilk, Democrats are the overwhelming choice to help the Middle Class, women, the poor, minorities, veterans, etc. compared to Republicans. Republicans only want to help their rich constituents. That's their Number One priority and overall agenda. While Democrats believe in fairness and in helping Americans who are down and hurting, most times without any fault of their own, while they continue to look for work. While it sure appears that right-wingers would rather see these people just about starve and push even the elderly to work in order to earn their living. Can you see now why people continue to vote Democratic. The choice is quite CLEAR. Reports about McConnell have said that he is ready to make very Serious CUTS to social programs and in other areas if Republicans win the U.S. Senate. Most people, I am very sure, would not want that to happen knowing that just by voting Republican their income and programs they fully depend upon may very well be drastically CUT.

And just as you are free to pull every Republican lever you can find, I will be pulling every DEMOCRATIC lever I can find as well because at the end of the day The Democrats Are the Only Hope For Americans who are not rich or wealthy. No brag, just indisputable FACT.

 

Don't run just educate yourself. The banks I named all own the Federal reserve and made more money in interest by turning around and putting the TBTF bail out tax money back into the federal reserve to collect dividends on. It isn't the small banks that own stock it is the ones I mentioned. Yes we gave them money at 2% APR so they could safely put it on their spread sheets and make 6% year after year. They scammed us.
"For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year. "http://www.federalreserve.gov/faqs/about_14986.htm