Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
A Labor Day Message from Bernie Sanders
September 3, 2012
The American people are angry. They are angry that they are being forced to live through the worst recession in our lifetimes - with sky-high unemployment, with millions of people losing their homes and their life savings. They are angry that they will not have a decent retirement, that they can't afford to send their children to college, that they can't afford health insurance and that, in some cases, they can't even buy the food they need to adequately feed their families.
They are angry because they know that this recession was not caused by the middle class and working families of this country. It was not caused by the teachers, firefighters and police officers and their unions who are under attack all over the country. It was not caused by construction workers, factory workers, nurses or childcare workers.
This recession was caused by the greed, recklessness, and illegal behavior on Wall Street. (...)
~snip~
In the United States today, we have the most unequal distribution of wealth and income since the 1920s. Today, the wealthiest 400 individuals own more wealth than the bottom half of America - 150 million people.
Today, the six heirs to the Wal-Mart fortune own more wealth than the bottom 30 percent.
Today, the top one percent own 40 percent of all wealth, while the bottom sixty percent owns less than 2 percent. Incredibly, the bottom 40 percent of all Americans own just 3/10ths of one percent of the wealth of the country.
According to a new study from the Federal Reserve, median net worth for middle class families dropped by nearly 40 percent from 2007-2010. That's the equivalent of wiping out 18 years of savings for the average middle class family.
~snip~
http://www.sanders.senate.gov/newsroom/news/?id=DCC741E9-9736-403F-90DE-AC673747A346The American people are angry. They are angry that they are being forced to live through the worst recession in our lifetimes - with sky-high unemployment, with millions of people losing their homes and their life savings. They are angry that they will not have a decent retirement, that they can't afford to send their children to college, that they can't afford health insurance and that, in some cases, they can't even buy the food they need to adequately feed their families.
They are angry because they know that this recession was not caused by the middle class and working families of this country. It was not caused by the teachers, firefighters and police officers and their unions who are under attack all over the country. It was not caused by construction workers, factory workers, nurses or childcare workers.
This recession was caused by the greed, recklessness, and illegal behavior on Wall Street. (...)
~snip~
In the United States today, we have the most unequal distribution of wealth and income since the 1920s. Today, the wealthiest 400 individuals own more wealth than the bottom half of America - 150 million people.
Today, the six heirs to the Wal-Mart fortune own more wealth than the bottom 30 percent.
Today, the top one percent own 40 percent of all wealth, while the bottom sixty percent owns less than 2 percent. Incredibly, the bottom 40 percent of all Americans own just 3/10ths of one percent of the wealth of the country.
According to a new study from the Federal Reserve, median net worth for middle class families dropped by nearly 40 percent from 2007-2010. That's the equivalent of wiping out 18 years of savings for the average middle class family.
~snip~
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
