Thursday, April 12, 2007

89 - Right-Wingers Can Be Proud: 2005 Saw The Greatest Income Inequality Since The Great Depression / Listen To McCain's Descent Into Delusion

As a general rule of thumb, everything right-wingers do is designed to accomplish one of two goals: either (a) transfer wealth to the already-rich from everyone else, or (b) distract everyone else from the fact that (a) is occurring.

As far as (a), transfer wealth to the rich from everyone else, the right-wingers are succeeding probably beyond even their wildest expectations.

Figures just released show that in 2005 income inequality continued to grow, by leaps and bounds. The richest 1% of Americans took home 21.8 percent of all reported income, up from 19.8 in 2004.

The really significant number is, this is more than double their share of the national income in 1980.

The richest 1% of Americans doubled their share of the nation's earnings since 1980.

Guess what happened in 1981? Right-wing icon Ronald Reagan took office. Not a coincidence, not a coincidence.

I'm sure the right-wingers are not quite satisfied, however, because the highest share for the top 1% was 23.9 percent in 1928, the year before the Great Depression.

So c'mon right-wingers, you still have work to do to set the all-time record for greed.

Regarding John McCain, I've assembled several clips of him and others speaking about his visit to the Iraqi market, and its aftermath. McCain's misrepresentation of the security situation in Bagdhad is typical right-wing lying or self-delusion, sometimes it's hard to tell which.

Towards the end of the podcast you'll also hear the details about the next Blast The Right Live Call-In show, Monday, April 16, 10 pm EST.

(PS: Right-wingers, if you want to write in to me, fine, but at least do me the courtesy of listening to the podcast first. Please don't respond just on the basis of the brief preview above. Thanks!!)

Jack Clark 2:44 PM [+]   0 comments
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