For me this is very clear … you start to observe who is giving money to whom … what interest groups are aligning with which groups etc. Democrats have interest groups they appeal to and are influenced by and Republicans have theirs … but we know that unlike in 2008 … in 2012 – 92% of Wall Street donations are going to the Republican party (source). We know that so far 16 different billionaires have given Mitt Romney over $1 million each (source). We know that these right wing groups paid for my plutocratic billionaires are aiming to spend over $1 billion to defeat President Obama and his taxes on the super wealthy (source).
This is very easy. It doesn’t get much clearer than this. Either – you choose to vote for Mitt Romney or you don’t vote at all in which case YOU are standing with the billionaires. That’s it. A line has been drawn in the sand … you’re either with the 99% or you’re with the billionaires. It’s simple.
Paul Krugman writes HERE:
To this historical observation we should add another note: quite a few of today’s superrich, Mr. Romney included, make or made their money in the financial sector, buying and selling assets rather than building businesses in the old-fashioned sense. Indeed, the soaring share of the wealthy in national income went hand in hand with the explosive growth of Wall Street.
Not long ago, we were told that all this wheeling and dealing was good for everyone, that it was making the economy both more efficient and more stable. Instead, it turned out that modern finance was laying the foundation for a severe economic crisis whose fallout continues to afflict millions of Americans, and that taxpayers had to bail out many of those supposedly brilliant bankers to prevent an even worse crisis. So at least some members of the top 0.01 percent are best viewed as job destroyers rather than job creators.
Did I mention that those bailed-out bankers are now overwhelmingly backing Mr. Romney, who promises to reverse the mild financial reforms introduced after the crisis?
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