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  Govt- Politics

Whether Obama or Romney - Wealth Remains Concentrated in the Hands of a Few

By Lance Ciepiela ()     Permalink
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Whether Obama or Romney - Wealth Remains Concentrated in the Hands of a Few

    



Obama vs Romney 2012 by DonkeyHotey flickr


"The day will come when our Republic will be an impossibility because wealth will be concentrated in the hands of a few. When that day comes, we must rely upon the wisdom of the best elements in the country to readjust the laws of the nation" - President James Madison 

Whether Obama or Romney is the next president, that day has already come for the United States - the wealth of the nation is "concentrated in the hands of a few". For example:

400 - According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.

90 - In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined .

93 - The United States now ranks 93rd in the world in income inequality.

95 - The middle class continues to shrink - 95 percent of the jobs lost during the last recession were middle class jobs.

350 - The average CEO now makes approximately 350 times as much as the average American worker makes..

40 - The official U.S. unemployment rate has been above 8 percent for 40 months in a row.

50,000 - The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

56,000 - The United States has lost more than 56,000 manufacturing facilities since 2001.

Source The U.S. Economy By The Numbers 70 Facts That Barack Obama Does Not Want You To See


Yes, whether Obama or Romney, wealth will remain concentrated in the hands of a few.
       94% from 15 votes  
No, the laws of the nation will be readjusted to correct the wealth imbalance.
       0% from 0 votes

Not sure what Obama or Romney might do as president.
       0% from 0 votes

Other.
       6% from 1 votes  

    16 votes    Vote               View Demographics Cross-Tab Results

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked Iraq (more...)
 

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

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Ben Bernanke - Chairman Federal Reserve SystemThe ... by Lance Ciepiela on Tuesday, Sep 25, 2012 at 3:07:04 PM
Very interesting, and illuminating. I love the in... by Kim Cassidy on Saturday, Sep 29, 2012 at 1:03:13 AM
Usually there is someone who does not like any of ... by Lance Ciepiela on Saturday, Sep 29, 2012 at 9:30:16 AM
Obama vs Romney 2012   DonkeyHotey fli... by Lance Ciepiela on Saturday, Sep 29, 2012 at 9:52:10 AM
We consumed far more wealth than we produced, we s... by Lance Ciepiela on Sunday, Apr 19, 2015 at 5:18:19 PM
If I could, I would give a perfect rating on this ... by Kim Cassidy on Tuesday, Oct 2, 2012 at 7:35:36 AM
The links seem to be working okay but thanks for t... by Lance Ciepiela on Tuesday, Oct 2, 2012 at 5:28:37 PM
Gosh Lance, I don't know how many times I've cover... by Kim Cassidy on Thursday, Oct 4, 2012 at 10:40:08 AM
The privately owned Federal Reserve Bank has uti... by Lance Ciepiela on Sunday, Oct 14, 2012 at 10:52:19 AM
The 113th Congress - Republicans Mitch McConnell(o... by Lance Ciepiela on Wednesday, Nov 7, 2012 at 1:07:25 PM

 
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