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US a Banana Republic with no middle class says Rep. Jan Schakowsky (D-Illinois)-VIDEO

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posted on Dec, 19 2010 @ 07:05 AM

Rep. Jan Schakowsky (D-Illinois) referred to the United States as a Banana Republic, where a few elites flourish and everyone else have nothing. A signpost of economic downturn to come.


She talks about the gap between the rich and the poor. She doesn't agree that there is a deficit crisis and that increased consumer spending is the way out of the economic mess. Yes, more people spending money equals more taxes for the government but where are the jobs going to come from?

Additionally, how can more money be put into people's pockets when America is faced with horrific levels of debt (national debt,trade deficit and unfunded liabilities),a crumbling infrastructure and most of it's manufacturing capacity has been gutted. Not to mention the fact that American workers are now forced to compete against workers,both in-sourced and out-sourced, from other countries who are willing to work longer hours for a fraction of the pay and without benefits.

While she does have a few good ideas such as reducing military spending and shifting things over to high-tech production, just the fact that high taxes,higher wage and benefits requirements, government red-tape and the threat of frivolous lawsuits all pretty much ensure that few,if any, companies will want or be able to risk setting up shop in America any time soon.

I think spending will have to be reduced (which will,ironically, create yet more unemployed) whether people want it or not just from the lack of money available to pay for everything. If you can't get the jobs back,you can't get the tax base back. Simple as that. High structural unemployment coupled with constant crushing debt appears to be the 'new norm' and I don't there's a fix coming anytime soon. There appears to be a death-spiral underway.
edit on 19-12-2010 by FlyingJadeDragon because: Edited for content

edit on 19-12-2010 by FlyingJadeDragon because: edited for content

posted on Dec, 19 2010 @ 07:23 AM
On same note-

(if someone could add the vid please, can't seem to get it work)
edit on 19-12-2010 by BetweenLines because: technical problems

edit on 19-12-2010 by BetweenLines because: technical problems

posted on Dec, 19 2010 @ 07:43 AM
reply to post by BetweenLines

Yes,a good find indeed! Here you go!

posted on Dec, 19 2010 @ 08:17 AM
reply to post by BetweenLines

Man, that is one hell of a speech and I really admire this guy

but then again , wont change a thing , too bad.

posted on Dec, 19 2010 @ 09:10 AM
reply to post by Dr UAE

Don't be too sure. Ron Paul and Sanders, although they don't agree on everything, are standing together. Now another one speaks out. This is the first time some reps are really speaking out against the core of the problem. It could be infectious.

posted on Dec, 19 2010 @ 09:28 AM
reply to post by FlyingJadeDragon

Marvellous a 2nd US politician with integrity. I though Ron Paul was alone. Are there any more?

Great Video... :-)

posted on Dec, 19 2010 @ 09:38 AM
reply to post by FlyingJadeDragon

Thanks for the synopsis. I can not see video on my computer.

The government of the US seems determined to destroy the USA. Here another Politician speaks out on the planned destruction of the USA.

Eight Steps To Destroy America

"Here is how they do it," Lamm said: (First) ;"Turn America into a bilingual or multi-lingual and bi-cultural country. History shows that no nation can survive the tension, conflict, and antagonism of two or more competing languages and cultures. It is a blessing for an individual to be bilingual; however, it is a curse for a society to be bilingual.

"The historical scholar Seymour Lipset put it this way: 'The histories of bilingual and bi-cultural societies that do not assimilate are histories of turmoil, tension, and tragedy....'

Given that TPTB has complete control over the Media and the US education system, there can be no doubt it is deliberate. Here is more proof:

The human cost of CED's plans were exacting and enormous.

CED's plans resulted in widespread social upheaval throughout rural America, ripping apart the fabric of its society destroying its local economies. They also resulted in a massive migration to larger cities. The loss of a farm also means the loss of identity, and many farmers' lives ended in suicide...

In a ... report published in 1962 entitled "An Adaptive Program for Agriculture" is even more blunt in its objectives, ..."The essential fact to be faced, argues CED [Committee for Economic Development], is that with present high levels farm productivity, more labor is involved in agriculture production that the market demands " in short, there are too may farmers. To solve that problem, CED offers a program with three main prongs."[4]

Some of the report's authors would go on to work in government to implement CED's policy recommendations....

CED members were influential in business, government, and agricultural colleges, and their outlook shaped both governmental policies and what farmers were taught. Farmers found themselves encouraged to give up on a farming system that employed minimal outsourced inputs and capital and get "efficient" by adopting instead a system that required they go into debt in order to purchase ever more costly inputs, like fossil-fuel based fertilizers, chemicals, seeds, feed grain, and machinery....

The United States has the highest documented incarceration rate in the world.

Here is an eye-opening CHART, note the date of the sharp increase in imprisonment and how it coincides with the destruction of America's social structure documented above.

posted on Dec, 19 2010 @ 09:55 AM
when the republicans get in...after all those tax cuts....they will call for cut backs in services in medicare and social security. and who knows what other programs that directly help out the lower classes. the wealthy have gotten their way, and they will not stop. if it gets too risky in america for them, they will simply move on to another country, leaving america impoverished, with millions of NEW people living on the streets, with a massive federal debt as well. the "american dream" happens only when one is asleep, and people from all political parties need to realize the misdirection, and out and out lies being fed to them by the corporate and the wealthy.
don't believe what IS SAID by the media as far as economics is concerned, believe what the actual numbers tell you is being done. the power of the wealthy has exponentially increased over the last few decades, due to the massive redistribution of money and assets upward. no amount of speeches or diatribes can alter the cold, hard numbers about the income and asset shift in this country.
remember, the december tax cut totaling around 900 billion was voted on by members of congress who will recieve substantial cuts for themselves and their own families...yeah...what a tough battle they fought...right.

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