A number of years ago Wall Street, with the help of their talking television puppets, convinced the Americans that shouldn't expect a retirement in retirement but instead they should invest their own dollars and become investors. They even got tax breaks if they agreed to hand their money over to Wall Street but they were taxed if they saved it. We were told, not to worry about the fact that we couldn't get at our own money until we were ready to retire as after all, over time, the stock market never went down. We were just like mini-Warren Buffetts with the exception he could get at his any time he wanted and got to play by a completely different sets of rules then they did.Why be an ordinary American worker when you could become part of the American investor class that actually got to make decisions? While a funny thing happened on the way to the bank to cash those stocks. Who could have figured that that money would go missing.
During the melt down of 2008, the American government pursued a very unique law enforcement strategy of not pursuing the criminals, who stole the money, but instead they chose to hand them more money while talking to them, not loud enough to be threatening, "Please try not to lose the money we're giving you so we don't have to give you more."
Apparently, after the crash, the politicians and Wall Street and the politicians felt they need to keep a low profile as how else could they re-bait the trap. Once again the stock market dropped another 600 points. How long do you think it will take Wall Street and their installed political hacks to come back and want to destroy Social Security, Medicare and Medicaid. Who could figure? And yes the are creating jobs. It's called in Afghanistan, Pakistan, Iraq, ...or fill in the blank.
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