Alex he's just another "wide stance" repub...ye doth protest too much...and just what do you sit around Googleing to find such "interesting" material.

Best guess...

first, no bid support then stops started hitting in a "waterfall" type sell off. May take some time but should recover w/so much in the pipe. Short covering (12% sold short) covered big time after plunge. With 15% institutional ownership, there is a solid base of long holders.

Tax bills in 2009 at lowest level since 1950
Updated 5/12/2010 5:16 PM
By Tim Boyle, Getty Images

A drop in income can trigger big tax breaks and sharply lower rates, sometimes falling to zero.


TO THE TAXMAN

Share of Americans' income paid as taxes:
Source: Bureau of Economic Analysis

Amid complaints about high taxes and calls for a smaller government, Americans paid their lowest level of taxes last year since Harry Truman's presidency, a USA TODAY analysis of federal data found.
Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.

"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress. The real problem is spending,counters Adam Brandon of FreedomWorks, which organizes Tea Party groups. "The money we borrow is going to be paid back through taxation in the future," he says.

Individual tax rates vary widely based on how much a taxpayer earns, where the person lives and other factors. On average, though, the tax rate paid by all Americans — rich and poor, combined — has fallen 26% since the recession began in 2007. That means a $3,400 annual tax savings for a household paying the average national rate and earning the average national household income of $102,000.

This tax drop has boosted consumer spending and the economy, which grew at a 3.2% annual rate in the first quarter. It also has contributed to the federal debt growing to $8.4 trillion.

Taxes paid have fallen much faster than income in this recession. Personal income fell 2% last year. Taxes paid dropped 23%. The BEA classifies Social Security taxes as insurance payments and excludes them from the tax calculation.

Why the tax bite has eased:

• Stimulus law. One-third of last year's $862 billion economic stimulus went for tax cuts. Biggest reduction: The Making Work Pay tax credit reduced income taxes $800 for married couples earning up to $150,000.

• Progressive tax rates. Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.

• Sales tax. Consumers cut spending sharply in this downturn, thereby paying less in sales taxes.

A Gallup Poll last month found that 48% thought taxes were "too high" and 45% thought they were "about right." Those saying taxes are "too high" remain near a 50-year low.

The lower tax burden should last at least through 2010, says Roberton Williams of the Tax Policy Center, a think tank in Washington, D.C. "Virtually all the stimulus tax cuts expire at the end of the year," he says. "So the key decision is whether to extend them into 2011."

reversal and breakout coming?

Virgina Repub. Governor says raise the debt limit as he realizes his own state is in peril of default trickledown...finally a Repub. with realistic assessment of consequences...


http://www2.timesdispatch.com/news/virginia-politics/2011/jul/20/mcdonnell-urges-compromise-on-debt-limit-increase-ar-1185233/

Duh

Illegal entries from Mexico slow to trickle

The extraordinary Mexican migration that delivered millions of illegal immigrants to the United States over the past 30 years has sputtered to a trickle, and research points to a surprising cause: Unheralded changes in Mexico have made staying home more attractive.

By DAMIEN CAVE
The New York Times

A farmer cuts agave at a farm in Canada de Negros, east-northeast of Guadalajara. Such jobs in Jalisco and neighboring states have begun to reduce the wage disparity with the United States, making illegal immigration less attractive.

AGUA NEGRA, Mexico — The extraordinary Mexican migration that delivered millions of illegal immigrants to the United States over the past 30 years has sputtered to a trickle, and research points to a surprising cause: Unheralded changes in Mexico have made staying home more attractive.

A growing body of evidence suggests a mix of developments — expanding economic and educational opportunities, border crime and shrinking families — are suppressing illegal traffic as much as economic slowdowns or immigrant crackdowns in the United States.

In the red-earth highlands of Jalisco, one of Mexico's top three states for emigration in the past century, a new dynamic has emerged. For a typical rural family like the Orozcos, heading to El Norte without papers no longer is an inevitable rite of passage. Instead, homes are filling with returning relatives; older brothers who once crossed illegally are awaiting visas; and the youngest Orozcos are staying put.

"I'm not going to go to the States because I'm more concerned with my studies," said Ángel Orozco, 18.

Indeed, at the new technological institute where he is earning a degree in industrial engineering, all the students in a recent class said they were better educated than their parents — and that they planned to stay in Mexico.

Douglas Massey, a director of the Mexican Migration Project at Princeton, an extensive, long-term survey in Mexican emigration hubs, said his research showed interest in heading to the United States for the first time had fallen to its lowest level since at least the 1950s.

"No one wants to hear it, but the [illegal] flow has already stopped," Massey said. "For the first time in 60 years, the net traffic has gone to zero and is probably a little bit negative."

The decline in illegal immigration, from a country responsible for roughly six of every 10 illegal immigrants in the United States, is stark. The Mexican census recently discovered 4 million more people in Mexico than had been projected, which officials attributed to a sharp decline in emigration.

U.S. census figures analyzed by the nonpartisan Pew Hispanic Center also show the illegal Mexican population in the United States has shrunk and that fewer than 100,000 illegal border-crossers and visa-violators from Mexico settled in the United States in 2010, down from about 525,000 a year from 2000 to 2004. Although some advocates for more limited immigration say the Pew estimates that do not include short-term migrants, most experts agree far fewer illegal immigrants have been arriving.

The question is why. Experts and U.S. politicians from both parties generally look inward, arguing about the success or failure of border enforcement and tougher laws limiting illegal immigrants' rights — such as those passed in Alabama and Arizona. Deportations have reached record highs as total border apprehensions and apprehensions of Mexicans have fallen by more than 70 percent since 2000.

But Mexican immigration always has been defined by both the push (from Mexico) and the pull (of the United States). The decision to leave home involves a comparison, a cost-benefit analysis, and just as a Mexican baby boom and economic crises kicked off emigration waves in the 1980s and '90s, research shows the easing of demographic and economic pressures is helping keep departures in check.

In simple terms, Mexican families are smaller now, shrinking the pool of likely migrants. Despite the dominance of the Roman Catholic Church in Mexico, birth-control efforts have pushed down the fertility rate to about two children per woman from 6.8 in 1970, according to government figures. So, while Mexico added about 1 million potential job seekers annually in the 1990s, that figure has fallen to an average of 800,000 since 2007, according to birth records. It is expected to drop to 300,000 by 2030.

Even in larger families such as the Orozcos' — Ángel is the ninth of 10 children — the migration calculation has changed. Crossing "mojado," wet or illegally, has become more expensive and more dangerous, particularly with drug cartels dominating the border. Educational and employment opportunities also have expanded greatly. Per capita gross domestic product and family income have each jumped more than 45 percent since 2000, according to one prominent economist, Roberto Newell. Despite depictions of Mexico as "nearly a failed state," he argued, "the conventional wisdom is wrong."

A significant expansion of legal immigration — aided by U.S. consular officials — is also under way. Congress may be debating an overhaul of immigration policy, but in Mexico, visas without a congressionally mandated cap on how many people can enter have increased from 2006 to 2010, compared with the previous five years.

State Department figures show Mexicans who have become U.S. citizens have legally brought in 64 percent more immediate relatives, 220,500 from 2006 through 2010, compared with the figures for the previous five years. Tourist visas also are being granted at higher rates of around 89 percent, up from 67 percent, while U.S. farmers have legally hired 75 percent more temporary workers since 2006.

The recession cut into immigrant earnings in the United States, according to the Pew Hispanic Center, even as wages have risen in Mexico, according to World Bank figures. Jalisco's quality of life has improved in other ways, too. About a decade ago, the cluster of the Orozco ranches on Agua Negra's outskirts received electricity and running water. New census data shows a broad expansion of such services: water and trash collection, once unheard of outside cities, are available to more than 90 percent of Jalisco's homes. Dirt floors now are found in only 3 percent of the state's houses, down from 12 percent in 1990.

Still, education represents the most meaningful change. The census shows the number of Jalisco's senior high schools or preparatory schools for students aged 15 to 18 increased to 724 in 2009, from 360 in 2000, far outpacing population growth. The Technological Institute of Arandas, where Ángel studies engineering, is one of 13 science campuses created in Jalisco since 2000 — a major reason professionals with a bachelor's degree or higher also more than doubled to 821,983 in 2010, up from 405,415 in 2000. Similar changes have occurred elsewhere, and data from secondary schools like the one the Orozcos attended in Agua Negra suggest the trend will continue.

Around half the students now move on to higher schooling, up from 30 percent a decade ago.

"They're identifying more with Mexico," said Agustin Martinez Gonzalez, a teacher in Agua Negra. "With more education, they're more likely to accept reality here and try to make it better."

http://seattletimes.nwsource.com/html/nationworld/2015518490_mexico06.html

Folks who earn a million per year...

or more love "you" (the you, are those who don't believe or understand that we have a revenue problem) bbotcs. Corporations who pay little or NO INCOME TAXES love "you" bbotcs.

They are hiding behind your skirts...and loving "you".

Nice shooting!

too bad for them...they're not RICH!

Impossible to PASS in the Senate...thank god. /e

Senate tougher?...Read: Impossible!

"...when people start realizing..."

War on the Weak

How the GOP came to view the poor as parasites—and the rich as our rightful rulers.

J. Scott Applewhite / AP
House Budget Committee Chairman Paul Ryan (R-Wis.), flanked by his committee members, tackles the budget on Capitol Hill.



Last week the Republican Party sounded two distinct voices. First we heard the angry demands of the Tea Party, speaking through its hardline conservative allies in the House, pushing the government to the brink of a shutdown. But then emerged the soothing tones of Paul Ryan, the House Budget Committee chairman, who fashions himself the intellectual leader of the party, unveiling a budget manifesto he calls the “Path to Prosperity.”

Ryan portrays his goals in reassuringly pecuniary terms—he’s just the friendly neighborhood accountant here to help balance your checkbook. “I have a knack for numbers,” he chirps. ABC News compared him to a character in Dave, the corny 1993 movie about an average Joe who mistakenly assumes the presidency and calls in his CPA buddy—that would be Ryan—to scour the federal budget and bring it into balance. If he has any flaw, he just cares too much about rescuing the country from debt, gosh darn it!

In fact, the two streams—the furious Tea Party rebels and Ryan the earnest budget geek—both spring from the same source. And it is to that source that you must look if you want to understand what Ryan is really after, and what makes these activists so angry.

The Tea Party began early in 2009 after an improvised rant by Rick Santelli, a CNBC commentator who called for an uprising to protest the Obama administration’s subsidizing the “losers’ mortgages.” Video of his diatribe rocketed around the country, and protesters quickly adopted both his call for a tea party and his general abhorrence of government that took from the virtuous and the successful and gave to the poor, the uninsured, the bankrupt—in short, the losers. It sounded harsh, Santelli quickly conceded, but “at the end of the day I’m an Ayn Rander.”

Ayn Rand, of course, was a kind of politicized L. Ron Hubbard—a novelist-philosopher who inspired a cult of acolytes who deem her the greatest human being who ever lived. The enduring heart of Rand’s totalistic philosophy was Marxism flipped upside down. Rand viewed the capitalists, not the workers, as the producers of all wealth, and the workers, not the capitalists, as useless parasites.

John Galt, the protagonist of her iconic novel Atlas Shrugged, expressed Rand’s inverted Marxism: “The man at the top of the intellectual pyramid contributes the most to all those below him, but gets nothing except his material payment, receiving no intellectual bonus from others to add to the value of his time. The man at the bottom who, left to himself, would starve in his hopeless ineptitude, contributes nothing to those above him, but receives the bonus of all of their brains.”

In 2009 Rand began popping up all over the Tea Party movement. Sales of her books skyrocketed, and signs quoting her ideas appeared constantly at rallies. Conservatives asserted that the events of the Obama administration eerily paralleled the plot of Atlas Shrugged, in which a liberal government precipitates economic collapse.

One conservative making that point was Ryan. His citation of Rand was not casual. He’s a Rand nut. In the days before his star turn as America’s Accountant, Ryan once appeared at a gathering to honor her philosophy, where he announced, “The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand.” He continues to view Rand as a lodestar, requiring his staffers to digest her creepy tracts.

When Ryan warns of the specter of collapse, he is not merely referring to the alarming gap between government outlays and receipts, as his admirers in the media assume. (Every policy change of the last decade that increased the deficit—the Bush tax cuts, the Medicare prescription-drug benefit, the wars in Afghanistan and Iraq—Ryan voted for.) He is also invoking Rand’s almost theological certainty that when a government punishes the strong to reward the weak, it must invariably collapse. That is the crisis his Path to Prosperity seeks to avert.

Viewed as an effort to reduce the debt, Ryan’s plan makes little sense. Many of its proposals either have nothing to do with reducing deficits (repealing the financial-reform bill loathed by Wall Street) or actually increase deficits (making the Bush tax cuts permanent). It relies heavily on distant, phantasmal cuts. During the debate over health-care reform, Ryan insisted that Medicare cuts used to finance universal coverage might add up on paper but they’d never stick—they were too far down the road, and Congress would just walk them back when people complained.

But Ryan proposes identical cuts in his own plan. What’s more, he saves trillions of dollars from Medicare by imposing huge cuts on anybody who retires starting in 2022. So not only has he adopted the cuts he claimed would never come to pass because they’re too harsh and too distant, he imposes far harsher and more distant cuts of his own. Indeed, Alice Rivlin, the fiscally conservative Democratic economist who endorsed an earlier version of his Medicare plan, called his new plan unrealistic. (Ryan nonetheless continues to imply that she supports it.)

Ryan’s plan does do two things in immediate and specific ways: hurt the poor and help the rich. After extending the Bush tax cuts, he would cut the top rate for individuals and corporations from 35 percent to 25 percent. Then Ryan slashes Medicaid, Pell Grants, food stamps, and low-income housing. These programs to help the poor, which constitute approximately 21 percent of the federal budget, absorb two thirds of Ryan’s cuts.

Ryan spares anybody over the age of 55 from any Medicare or Social Security cuts, because, he says, they “have organized their lives around these programs.” But the roughly one in seven Americans (and nearly one in four children) on food stamps? Apparently they can have their benefits yanked away because they were only counting on using them to eat.

Ryan casts these cuts as an incentive for the poor to get off their lazy butts. He insists that we “ensure that America’s safety net does not become a hammock that lulls able-bodied citizens into lives of complacency and dependency.” It’s worth translating what Ryan means here. Welfare reform was premised on the tough but persuasive argument that providing long-term cash payments to people who don’t work encourages long-term dependency. Ryan is saying that the poor should not only be denied cash income but also food and health care.

The class tinge of Ryan’s Path to Prosperity is striking. The poorest Americans would suffer immediate, explicit budget cuts. Middle-class Americans would face distant, uncertain reductions in benefits. And the richest Americans would enjoy an immediate windfall. Santelli, in his original rant, demanded that we “reward people [who can] carry the water instead of drink the water.” Ryan won’t say so, but that’s exactly what he’s doing.

Ryan's Budget cuts = his proposed tax cuts for the richest...

so where is the reduction in deficit?

Speach summary / truth hurts...

tax the rich - check
blame Bush - appropriate
campaign for reelection - get reelected

What an embarassment the jerk extelecom is...

The Ryan plan is nothing short of a return to the dark ages...Death to Grandma AND Grandpa!

Koi - I agree with everything after, "WRONG" /e

Yes, they do. Good observation. And...

Don't worry about sending checks...I'm quite sure you don't qualify.

However, your small business will benefit by consumers of your business goods having more $$ to buy your product/service. Unless, of course you are in 24carrot gold bathroom fixture supply.

What part of consumer economy don't you get...

PS...last post on this subject on this board...take it to YE2

#26

The American public is too stupid to understand that there is a REVENUE problem. Raise more revenue by taxing those "Persons" (with a capital P to include corporate personhood) with obscene incomes not paying anywhere near their fair share...if at all.

A simple return to the tax rates of the Saint Reagan era would elimante the unbalance budget.

"Chickens continuing to vote for Col. Sanders"

You are such an idiot...

See post #581 /e

More fake leadership...

Columbus v. Banjos...

Like any smart business...

the US just needs to maintain the death spiral of continuing to proudly and proactively reduce income on the top line and soon there is no business to worry about.

"But this one is really easy to see. The fiscal path we are on today is simply not sustainable."

The 400 owners of 50%+ of the assets of the USA will just forclose and start a new "country". I think they will call it Pottersville.



dick...you have to do something about that red bulbous nose problem. Purhaps AA?

tax dollars...

Kenya????

...you need to find and hear the rest of the Kenyan Grand Mother interview. She confirmed that she lived in Kenya and was with the mother at birth...~~~~~ this is the end of the interview on right wing wacko news...~~~~ ...the part left out was the next sentance that said, "...in Hawaii".

Choices...

We must hang together, gentlemen...else, we shall most assuredly hang separately.

Benjamin Franklin
US author, diplomat, inventor, physicist, politician, & printer (1706 - 1790)

The you've joined the real criminals...

Good Riddance

Glenn Beck To Transition Off Daily Fox Program

News Corp. (MM) (NASDAQ:NWSA)
Intraday Stock Chart
Today : Wednesday 6 April 2011

Fox News Channel and Glenn Beck said the conservative radio and television host plans to transition off his daily program later this year, but will also develop and produce projects to be aired across TV and digital platforms.

The projects are expected to air on the Fox News Channel, as well as content for other platforms including Fox News' digital properties. Fox News is a unit of News Corp. (NWS, NWSA), which also owns The Wall Street Journal and Dow Jones Newswires.

There had been wide speculation Beck would leave the cable channel at the end of his contract, which expires in December. The project, which was announced with Beck's production company Mercury Radio Arts, highlights the parties' plan to continue to work together beyond that date.

Beck's program has averaged more than 2.2 million total viewers and 563,000 viewers between the ages of 25 to 54, according to Fox News. And while his ratings remain strong for his 5 p.m. time slot, the show has been losing viewers recently.

-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Off to the SyFi channel where his fantasies belong...

Compassionate Conservatism...

"Will Ignorance Lead to a Second Obama Term?

Probably the most ignorant post you have done to date. And you are competing with yourself for an unbelievably low bar that continues to amaze.

You are one sick puppy.

Limited Gov't...

TeaBag lament...

Looks like AEZS is rolling over...

could see low $1.80's to mid $1.70's before the reversal is done. Huge short position covering (over 7% sold short as of 3/15) may be over for now and end of qtr rebalancing has to complete today. Short another piece of good news, I'd expect to see volumn trail off for a bit except for the conferences spikes in the near term

All IMO of course --

Proof?....

Your obsession and blind hatred of this President is breathtaking. If "proof" came to you that contradicted your warped and unstable belief structure, you would just brand it as "liberal" (read: truth) and continue your dangerous and hateful "mission". Whatever its basis actually turns out to be.

The reality is that you would not be able to see or acknowledge the truth if it came delivered in triplicate and stapled to your forehead.

In my opinion, it is important to your real physical community to keep you occupied here, posting your paranoid fantasies...as it is your brand of evil that injures people.

Tax the Super Rich now or face a revolution
Paul B. Farrell
March 29, 2011, 12:01 a.m. EDT

Commentary: A ‘Super-Rich Delusion’ is leading us to ruin
By Paul B. Farrell, MarketWatch ("that commie, pinko rag" - my emphasis)

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, tax the Super Rich. Tax them now. Before the other 99% rise up, trigger a new American Revolution, a meltdown and the Great Depression 2.

Revolutions build over long periods — to critical mass, a flash point. Then they ignite suddenly, unpredictably. Like Egypt, started on a young Google executive’s Facebook page. Then it goes viral, raging uncontrollably. Can’t be stopped. Here in America the set-up is our nation’s pervasive “Super-Rich Delusion.”

U.K. workers protest turns violentA splinter group is blamed for smashing windows and attacking police vans as tens of thousands march against government cuts.

We know the Super Rich don’t care. Not about you. Nor the American public. They can’t see. Can’t hear. Stay trapped in their Forbes-400 bubble. An echo chamber that isolates them. They see the public as faceless workers, customers, taxpayers. See GOP power on the ascent. Reaganomics is back. Unions on the run. Clueless masses are easily manipulated.

Even Obama is secretly working with the GOP, will never touch his Super Rich donors. Yes, the Super-Rich Delusion is that powerful, infecting all America.

Here’s how one savvy insider who knows described this Super-Rich Delusion: “The top 1% live privileged lives, aren’t worried about much. Families vacation at the best resorts. Their big concerns are finding the best Pilates teacher, best masseuse, best surgeons, best private schools. They aren’t concerned with the underlying deterioration of America or the world, except in the abstract, because they aren’t directly affected by it. That’s not to say they aren’t sympathetic, aware, or don’t talk about the issues you bring up. They are largely concerned with protecting and enhancing their socio-economic positions, ensuring their families live well. And nothing you write about will change things.”

Warning, in 2011 that attitude is delusional, deadly, yet pervasive in America.

Super Rich replaying “Great Gatsby” age, won’t learn till it’s too late
Our top 1% honestly believe they’re immune, protected from the unintended consequences of beating down average Americans for three decades with the free-market, trickle-down Reaganomics doctrines that made them Super Rich.

They honestly believe those same doctrines will protect them in the next depression. Why? Because they have megabucks stashed away. Provisions for the long haul. Live in gated compounds with mercenaries guarding them.

They believe they’ll continue living just fine in a depression. But you won’t. Nor will your retirement. Neither will the rest of America. And still the Super Rich don’t care, “except in the abstract, because they aren’t directly affected.”

Warning: The Super-Rich Delusion has pushed us to the edge of a great precipice: Remember the Roaring Twenties? The Crash of 1929? Great Depression? Just days before the crash one leading economist, Irving Fisher, predicted that stocks had “reached what looks like a permanently high plateau.”

Yes, he was trapped in the “Great Gatsby Syndrome,” an earlier version of today’s Super-Rich Delusion. It was so blinding in 1929 that the president, Wall Street, all America were sucked in … until the critical mass hit a mysterious flash point, triggering the crash.

Yes, we’re reliving that past — never learn, can’t hear. And oddly it’s not just the GOP’s overreach, the endlessly compromising Obama, too-greedy-to-fail Wall Street banksters, U.S. Chamber of Commerce billionaires and arrogant Forbes 400. America’s entire political, financial and economic psyche is infected, as if our DNA has been rewired.

The Collective American Brain is trapped in this Super-Rich Delusion, replaying the run-up to the ’29 Crash.

Nobody predicted 2011 revolutions in the oil-rich Arab world either
Warning: Mubarak, Gaddafi, Ali, Assad, even the Saudis also lived in the Super-Rich Delusion. Have for a long time. Were vulnerable. Ripe for a revolution. They, too, honestly believed they were divinely protected, chosen for great earthly wealth, enjoyed great armies.

Then, suddenly, out of the blue, a new “educated, unemployed and frustrated” generation turned on them, is now rebelling, demanding their share of economic benefits, opportunities, triggering revolutions, seeking retribution.

Still, you don’t believe there’s a depression ahead here in America? The third great market crash of the 21st century? A new economic revolution about to blow up in our faces? No, you don’t believe, can’t believe … you, me, we are all infected by the Super-Rich Delusion, just as Americans were in the Roaring Twenties.

Check the stats folks: The last time America’s wealth gap between the Super Rich and the other 99% was this big was just before the 1929 Crash and the Great Depression.

You can’t remember? Or you won’t? America is trapped in “terminal denial,” a setup for failure. Too many still live in the false hope of this Super-Rich Delusion. Do you believe government stats hyping a recovery? Believe Wall Street’s nonsense about a new bull market ahead? Believe Exxon-Mobile’s misleading ads about energy stocks. Believe Bill Gross’ when he says dump Treasurys, and buy his emerging country bonds? Dream on.

Start preparing for the third meltdown of the 21st Century, and depression
Denial and lies. Remember, 93% of what you hear about markets, finance and the economy are guesses, wishful thinking and lies intended to manipulate you into making decisions that suck money from your pockets into Wall Street. They get rich telling lies about securities. They hate any SEC fiduciary rules forcing them to tell the truth.

But the fact is, on an inflation-adjusted basis, Wall Street lost 20% of your retirement money in the decade from 2000 to 2010, over $10 trillion. And “Irrational Exuberance’s” Robert Shiller warns of a third meltdown coming. You better start preparing now.

Before you start betting any more at Wall Street’s rigged casinos, think long and hard about these six megatoxins lurking in America’s Super-Rich Delusion, a mind-altering pandemic infecting our nation’s leadership in Washington, Corporate America and Wall Street … but also “trickling down,” infecting many Americans. Listen:

1. Warning: Super Rich want tax cuts, creating youth unemployment

Bloomberg warns: “The Kids Are Not Alright.” Worldwide, youth unemployment is fueling the revolution. In a New York Times column, Matthew Klein, a 24-year-old Council on Foreign Relations researcher, draws a parallel between the 25% unemployment among Egypt’s young revolutionaries and the 21% for young American workers: “The young will bear the brunt of the pain” as governments rebalance budgets. Taxes on workers will be raised and spending on education will be cut while mortgage subsidies and entitlements for the elderly are untouchable,” as will tax cuts for the rich. Opportunities lost. “How much longer until the rest of the rich world” explodes like Egypt?

2. Warning: rich get richer on commodity prices, poor get angrier

USA Today’s John Waggoner warns: “Soaring food prices send millions into poverty, hunger: Corn up 52% in 12 months. Sugar 60%. Soybeans 41%. Wheat 24%. For 44 million the “rise in food prices means a descent into extreme poverty and hunger, warns the World Bank.” Many causes: Speculators. Soaring oil prices. Trade policies. Population explosion. But altogether they expose “the underlying inequalities and issues related to the standard of living that boil beneath the surface,” says a Pimco manager.

3. Warning: Global poor ticking time bomb targeting Super Rich

A Time special report, “Poor vs. Rich: A New Global Conflict” warned that a “conflict between two worlds — one rich, one poor — is developing, and the battlefield is the globe itself.” Just 25 developed nations of 750 million citizens consume most of the world’s resources, produce most of its manufactured goods and enjoy history’s highest standard of living.” But they’re now facing 100 underdeveloped poor nations with 2 billion people with hundreds of millions living in poverty all demanding “an ever larger share of that wealth.” Think Egypt. British leader calls this a “time bomb for the human race.”

4. Warning: Next revolution coming across ‘Third World America’

We are ripe for one: In “Third World America” Arianna Huffington warns: “Washington rushed to the rescue of Wall Street but forgot about Main Street … One in five Americans unemployed or underemployed. One in nine families unable to make the minimum payment on their credit cards. One in eight mortgages in default or foreclosure. One in eight Americans on food stamps. Upward mobility has always been at the center of the American Dream … that promise has been broken… The American Dream is becoming a nightmare.” Soon it will implode. a meltdown, revolution, depression.

5. Warning: Super Rich must be detoxed of their greed addiction

In “Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You With the Bill),” David Cay Johnston, warns that the rich are like addicts, and to “the addicted, money is like cocaine, too much is never enough.” A few years ago an elite 300,000 Americans in “the top tenth of 1% of income had nearly as much income as all 150 million Americans who make up the economic lower half of our population.” The Super Rich Delusion is an addiction that requires a painful detox.

6. Warning: Politicians infected by Super-Rich Delusion, revolution

In “Washington’s Suicide Pact,” Newsweek’s Ezra Klein warns: “Congress is careening toward the worst of all worlds: massive job losses and an exploding deficit.” How bad? As many as 700,000 more jobs lost, says Moody’s chief economist, Mark Zandi. What a twist: Remember vice president Dick Cheney said “deficits don’t matter.” Today the GOP is so blinded by its obsession to destroy Obama’s presidency, deficits are now the only thing they say matters.

Wake up folks. The Super-Rich Delusion is destroying the American Dream for the rest of us. The Super Rich don’t care about you. They’re already stockpiling for the economic time bomb dead ahead. Don’t say you weren’t warned. Time for you to plan ahead for the coming revolution, for another depression.

From another's posting elsewhere...

I cannot believe that the average person in this country can’t tell what’s in the wind right now. Rules being changed, money being spent, laws that benefit the wealthy only being passed, religion being used as a wedge, women’s rights being taken away, science being treated like some kind of joke, corporations running the government, the Right Wing coming unhinged, different governors in several states ALL following the same game plan, workers and public servants being demeaned….this is NOT a co-incidence.

The FOX watchers don’t have a clue that they are being used by the Koch Brothers and their ilk. (Several RWs and libertarians I’ve talked with haven’t even HEARD of them…..)

All of a sudden it will dawn on them that they have no decent jobs, no safety nets, no affordable healthcare, no SS ………and NO SAY in the matter. Lord help us.

Open your eyes, sheeple.

Newt's chances...

Who?

Questionable thirst quenchers...