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The Water Cooler
See other The Water Cooler Articles

Title: Sanders Skewers The ‘Class Warfare’ Of America’s ‘Economic Royalists’
Source: RAWSTORY
URL Source: http://www.rawstory.com/rs/2011/10/ ... f-americas-economic-royalists/
Published: Oct 5, 2011
Author: Andrew Jones
Post Date: 2011-10-05 17:18:34 by Brian S
Keywords: None
Views: 1634
Comments: 3

Appearing on Tuesday night’s edition of Countdown with Keith Olbermann, Sen. Bernie Sanders (I-VT) felt the need to correct former Mass. Gov. Mitt Romney on the Occupy Wall Street movement.

Earlier that day, the former Massachusetts governor labeled the protest “dangerous” and “class warfare.”

“The irony is that Romney is right, class warfare is being waged in America today.” Sanders said. “The problem is, the wrong side is winning.”

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“In America now you have the most unequal distribution of income and wealth of any major country on Earth, with the top 400 wealthiest people owning more wealth than the bottom 150 million Americans.”

Sanders added: “With that wealth, these economic royalists if you like — which FDR (Franklin D. Roosevelt) called them — exercise enormous political power. That is what class warfare is about. A few people on the top exercising enormous power and enormous amounts of money in order to push down the rest of the population.”

WATCH: Video from Current TV, which originally aired on October 4, 2011.

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#1. To: Brian S (#0)

In America now you have the most unequal distribution of income and wealth of any major country on Earth

Wrong again.

America has the forth most unequal distribution of wealth of any OCED country.

29 of the 34 OCED countries have had growing disparities of income over the last 30 years. It's a function of globalization, driven by adoption of information technologies.


Anarchists are simply unterrified Jeffersonian Democrats -- Benjamin Tucker

jwpegler  posted on  2011-10-05   17:50:03 ET  Reply   Trace   Private Reply  


#2. To: jwpegler (#1) (Edited)

The Greatest Wealth Inequality in the World today ever.

Greater than the Senators of Rome.

The US is Number One. We do have the World's Empire and everyone who is the Richest in the World lives under it.

So far....;}

"We call Bank of America and the big banks the gift that keeps on giving, because over the weekend we opened more accounts from Bank of America on line than any other time in the history of the bank," says Heaps.

BOA just can't seem to get it's Website up after SIX days....

LMFAO

mcgowanjm  posted on  2011-10-06   9:13:59 ET  Reply   Trace   Private Reply  


#3. To: All (#2)

Living paycheck to paycheck with the housing albatross – Survey finds one in three Americans unable to make their mortgage or rent payment beyond one month if they lost their job. 61 percent unable to make payments beyond five months.

mcgowanjm  posted on  2011-10-06   9:15:34 ET  Reply   Trace   Private Reply  


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