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Govt- Politics

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

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


"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.
No, the laws of the nation will be readjusted to correct the wealth imbalance.
Not sure what Obama or Romney might do as president.

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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...)

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