Think The Economy Is Junk And It's The Presidents Fault? Nope. Blame Rich People.

The right wing is falling all over it's self to blame President, "Black Socialist Guy" for the failed economy. Especially the lack of jobs. It has to be his fault, right?

Pay attention. And try to find out where Sara Palin and Michelle Bachman keep their caves full of batshit.

All of the numbers I'm going to give you come from the July/August issue of, Mother Jones Magazine. And they are all from the Bureau of Labor Statistics, The Congressional Budget Office, Economic Policy Institute, The Census Bureau. All non-partisan, Government agencies, that are where we get our FACTS in this country.

If you have never seen or heard of Mother Jones Magazine? I'm not surprised. They have been around since the 70's and are named after a Union supporting woman in West Virginia who supported the miners fight to Unionize. The magazine is unassailable in it's reliability and truth, since it doesn't rely on advertisers to stay in business. It's like NPR. It can tell the truth because it doesn't have to rely on companies to pay them for ads.

The economy in this country, for guys like me, is GREAT! Corporate profits are up 22%! According to the Economic Policy Institute, 22%! For guys like ME that's great! I own stock in MacDonald's, Coca Cola, Exxon/Mobile, Raytheon, Pittsburgh Paint And Glass... Hell, I'm farting through silk!

The change in the GDP vs. pre-recession peak? Less than ONE percent! If I have to explain the GDP to you? Please read another blog. I don't have time to go from where I'm at to, "See Dick run..." You're not paying attention and you vote for Republicans even though you WORK for a living.

What this means is that the productivity of the country is way, way up. More stuff is being made by less and less people. How does this happen? Well, I can explain this, too.

Rich people who have gotten all the tax cuts in the world for the last ten years are not using it to hire more people. They are banking it, and making the workers they do have, do more, for less money while working more hours!

That, "Trickle Down" stuff? Means they are pissing on your back, and telling you it's raining.

To quote, Mother Jones, "Productivity has surged, but income and wages have stagnated for most Americans. If the median household income had kept pace with the economy since 1970 it would now be nearly $92K, not $50K". Productivity has gone up 80%. Average overall income has gone up less than 10%. But the average income of the top 1% of earners has gone up more than 240%! So if you're really rich? Things are all tits and beer right now!

Why is that? Well, because Republicans have gutted the Unions who brought us the Middle Class and passed tax breaks for the rich that put all the burden of actually running the country on the poor!

The median yearly earnings of Union workers in this country is $47,684. Of non-Union workers? $37,284. The share of Union workers in this country in the mid 50's was almost 35%. Today? Less than 15%. Why do you think that is?

Is it because we have a Democrat for a President? Is it because government hurts business with regulation? Is it because we have a minimum wage (which by the way pays a person $15,080 dollars a year when the amount of income required for a single worker to have economic security is $30,000 a year)?

No. It's because rich people get all the tax breaks, and poor people get screwed! And the economy is NOT the problem. The economy is booming! But business won't hire more people so we have more jobs. They make the people who still work for them work harder, and longer, for less because they are afraid to lose the lousy job they have! And with good reason. Because it's true!

So when someone says to you that the President has ruined the economy, you have to call, "bullshit" on that. The Economy is great. The rich people who are benefiting from it, aren't hiring, so we still have almost 9% unemployment. That is NOT the Presidents fault.

I'm making money hand over fist with my stock in American corporations. Lots and lots of profit is going into my dividends. GDP up 22%? Hell my portfolio is up at LEAST that this year!

If you work for an hourly wage, and still think a national health care plan is a bad idea, and think Unions are ruining America, and vote for Republicans? You need to have your head examined. Because the R's are using you to make themselves rich.

If you don't make at least $250K a year, and vote for R's? You are not paying attention to your own economic self interest.

It's not about guns or abortion. Those issues are all ready decided, and they aren't going to change. It's about your wallet. Pay attention.