Saturday, October 29, 2011

#OWS Protests Still Growing & "Meet The 0.01% :War profiteers" & Millions Of Foreclosures

Welcome to the war.

GOP Tea Party hate the 99%
Millions of American homeowners Face Foreclosure
Hourly Wages not keeping pace with Cost of Living or inflation
Meet the 0.01% the War Profiteers
#OWS Protests still growing

After all of the violence mainly by the various police forces in Oakland and New York etc. it seems the mayors have decided to stand down .
As Joshua Holland of points out the police were out in large numbers dressed in riot gear as if they were in a war zone and that the people in the streets were the enemy .

10-27-11 1b - Breaking News - Occupy, with Joshua Holland - Countdown with Keith Olbermann
Uploaded by MiniRtist on Oct 27, 201

Meet the 0.01 Percent: War Profiteers

Help give your local Occupy group the tools they need to fight corporate power by sharing our new video with them and posting it on your social networks:

War industry CEOs make tens of millions of dollars a year, putting them in the top 0.01 percent of income earners in the U.S.

Northrop Grumman CEO Wes Bush made $22.84 million last year.

Lockheed Martin CEO Robert Stevens made $21.89 million.

Boeing CEO James McNerney: $19.4 million.

These guys use their corporations' massive lobbying dollars to keep their job-killing gravy train rolling. Last year, their companies spent a whopping $46 million on lobbying, corrupting our politics and ensuring that their bank accounts continue to fatten at our expense. These executives are some of the main reasons why we're wasting so much on war instead of rebuilding our own nation here at home.
Help us fight their propaganda campaign to protect their profits. Use our list to share this video with your local Occupy group and encourage them to show it at their events:

CORRECTION: Lockheed Martin's CEO is Robert Stevens. The video refers to him as "Martin Stevens" which is incorrect.

and see: Meet the 0.01 Percent: War Profiteers
There’s the top 1% of wealthy Americans (bankers, oil tycoons, hedge fund managers) and there’s the top 0.01% of wealthy Americans: the military contractor CEOs.
by Robert greenwald at, October 27, 2011

If you’ve been following the War Costs campaign, you already know that these corporations are bad bosses, bad job creators and bad stewards of taxpayer dollars. What you may not know is that the huge amount of money these companies’ CEOs make off of war and your tax dollars places them squarely at the top of the gang of corrupt superrich choking our democracy. These CEOs want you to believe the massive war budget is about security — it’s not. The lobbying they’re doing to keep the war budget intact at the expense of the social safety net is purely about their greed.

In many areas, including yearly CEO salary and in dollars spent corrupting Congress, these companies are far greater offenders than even the big banks like JP Morgan Chase or Bank of America.

10.4 Million American Families Slide Toward Losing Their Homes -- Is It Time for Debt Forgiveness? by William Greider at, October 28, 2011

Wages are stagnant or falling. Foreclosures are tearing through communities, and falling home prices are destroying family equity. It's like a reverse New Deal.

The rebellious citizens occupying Wall Street shock some people and inspire others with their denunciations of bankers, but everyone seems to know what they are talking about: the barbaric and suffocating behavior of the nation’s largest banks (yes, the same ones the government rescued with public money). Right now, these trillion-dollar institutions are methodically harvesting the last possible pound of flesh from millions of homeowners before kicking these failing debtors out of their homes (the story known as the “foreclosure crisis”). This is a tragedy for the people who are dispossessed. For the country, it is a generational calamity.

“We are in the reverse New Deal,” Christopher Whalen, a savvy banking expert at Institutional Risk Analytics, told me. He meant that events are dismantling the ingenious engine that helped generate America’s broad middle-class. Homeownership was the main driver in accomplishing that great social change.

Shocking Chart: Typical Hourly Wage Went Up Just $1.23 in the Last 36 Years by Laura Pereyra Think Progress via, October 28, 2011

In a speech yesterday, House Budget Committee Chairman Paul Ryan (R-WI) claimed that President Obama created “class resentment” by calling for slightly higher taxes on the wealthiest Americans. At the same time, Occupy Wall Street protesters continue to speak out in favor of an economy that works for everyone, not just those at the top of the income scale.

Could their frustration be a product of the increasing inequality rather than Obama’s “divisive rhetoric?” Absolutely. In fact, a New York Times/CBS News poll released yesterday found that two-thirds of Americans believe “that wealth should be distributed more evenly in the country.”

As noted by the Half in Ten Campaign’s new report, “Restoring Shared Prosperity: Strategies to Cut Poverty and Expand Economic Growth,” the hourly wage of a typical worker grew from $14.73 in 1973 to $15.96 in 2009, for a raise in real terms (after accounting for inflation) of $1.23 over 36 years. Yes, you read that right. Only $1.23, an 8.4 percent increase over the last 36 years.

Top earners, meanwhile, saw a gain of $12.70 per hour gain (30 percent) over the same time frame. The growing gaps between the wealthy and everyone else could not be more stark.

--And so it goes,

No comments: