On 12/21/08 I wrote “Are We As Dumb As Our Elected Officials?” about the Bailout $$ and the $$ the Fed has loaned to banks to the tune of 2 Trillion. A commenter (H/T to Kat In Your Hat) over at Puma Pac dropped some info about the following video….so, of course I went looking and found another interesting video to add to your knowledge of why the middle class is so strapped.
John Stossel has done a “Give Me A Break” segment on the disappearing bailout cash and also the trillions being loaned by the Fed that will not be spoken of. Please be aware that the Chair of the Congressional Oversight Panel, Elizabeth Warren is NOT a moron; for some reason 20/20 has decided to make her look like one. Also, please be aware that I am still researching the next series of articles, but every time I think I am starting to get a handle on the subject, another tentacle appears that I have to run down…
I decided to do some digging and found this UCBerkeley on YouTube. This video is very long, but well worth watching. Once Ms. Warren starts speaking about why the middle class is collapsing, you may not be able to stop watching. Pay Attention!; and if you have children, know someone who has children, are planning on having children; DOUBLEY-SO!
The Collapse Of The Middle Class: