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Reply #8: There's another sad realization. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

The Backlash Cometh

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-08-07 07:41 AM
Response to Reply #6

8. There's another sad realization.

The rich not only got off from paying taxes, but the poor and the middle class ended up paying more for their loans. They just didn't put it in the public treasury. It went back to the rich.

We got hit on at least three different levels with this scheme, if you include the government bail out.

So when Cramer and others come up and talk about the inevitability of outsourcing, you add a fourth injury. The Hedge Fund failure, as you pointed out, proves that the Trickle Down effect cannot work for middle and lower class Americans, as long as we're outsourcing the salaries that will pay for those homes.

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