Monday, October 20, 2008

REDISTRIBUTION of WEALTH

by RW Spisak

Hardly 15 minutes goes by on cable news with out some angry representative of the republicans decrying Obama for wanting to REDISTRIBUTE WEALTH.

They invoke the mythical plumber Joe, I guess Joe-Six-pack has gone dry and now they've got Joe the plumber banging around looking for leaks under the REPUBLICAN SINK.

So it's Joe the PLUMBER and they bang on his pipes again and again, insisting that when Senator Obama talks about tax breaks for the working class, instead of their favorite the RULING CLASS, he means to redistribute the wealth. Joltin John McAngry can barely hold his temper with two hands...

I want to say, wait a minute, wait one moose pickin, Wasilla Waltzing minute, my friends.

Who is it exactly, whose been redistributing the hard earned dollars of American Tax-Payers? In fact whose plan was it to redistribute $ 750 Billion hard earned tax dollars, to line wall street limos with the taxes redistributed from SENIOR CITIZENS on Social Security?


Why it's the guy, Johnny and Joe Liberman have been pal'n around with, George W. Bush. He's been PLOTTING REDISTRIBUTION of the tax payers wealth all along!.


REDISTRIBUTION OF WEALTH???
- Isn't he a REPUBLICAN PRESIDENT? He and his "
GOLDBAR SACHS"" Treasury Secretary, PAULSON. These two who just announced a special RUSH-RUSH - No Oversight, REDISTRIBUTION OF WEALTH PLAN to redistribute $750 Billion or maybe even a Whole Bloody Trillion. Lest we forget Secretary "GOLDBAR SACHS"" Paulson, who while Chief Executive of "GOLDBAR SACHS"" - "earned" an average of $10.81 Million per year. (forbes magazine) He lobbied for the deregulation that freed the greed!

"The Securities and Exchange Commission can blame itself for the current crisis. That is the allegation being made by a former SEC official, Lee Pickard, who says a rule change in 2004 led to the failure of Lehman Brothers, Bear Stearns, and Merrill Lynch.

The SEC allowed five firms — the three that have collapsed plus Goldman Sachs and Morgan Stanley — to more than double the leverage they were allowed to keep on their balance sheets and remove discounts that had been applied to the assets they had been required to keep to protect them from defaults.

Making matters worse, according to Mr. Pickard, who helped write the original rule in 1975 as director of the SEC's trading and markets division, is a move by the SEC this month to further erode the restraints on surviving broker-dealers by withdrawing requirements that they maintain a certain level of rating from the ratings agencies." New York Sun

But with the lie-machine cranked up to FULL VOLUME - Johnny McAngry and Caribou Barbie are accusing Senator Obama of advocating redistribution of resources. America is listening, and not just to the republican noise machine, but this time they are paying attention, because it's their working class wallets at stake!

And maybe, just maybe, they'll notice who going around yelling redistribution of wealth, with a pocketful of WALL STREET IOUs!

solidarity & peace

Rick Spisak
AveryVoice.com
miamiforpeace.net

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