America’s core industrial base is being gutted by thieves on Wall Street.‚ Detroit is turning into a ghost town while big bankers on Wall Street who paid themselves billions of dollars in bonuses receive trillions more in government bailouts.‚ Unemployment is skyrocketing and blue collar Americans are getting shafted by the fat cats.‚ No one is watching out for our factory workers as they get robbed blind.
Ordinary Americans are having their homes foreclosed on, losing their jobs and are facing enormous health care costs.‚ Only the rich few with powerful lobbyists are getting government assistance… and they sure as heck don’t need it.‚ These guys who made tens of millions of dollars in annual bonuses over the last decade while placing enormous risk on the banking system are getting trillions of dollars in blue-collar workers tax dollars.‚ The government bailouts are replenishing fat cat bankers capital so they can stay on top while the rest of us go hungry. Honest Americans in Detroit are getting shut down while city slickers in New York City laugh.
People like Dan from Bristol, Tennessee are having to take the brunt of the economic blows.‚ Dan used to work as a big machine repairman for an American factory until greedy executives outsourced his job to Brazil.‚ After he was laid off, Dan was unable to make the payments on his mortgage.‚ Dan’s bank foreclosed on his families home and since his mortgage was underwater Dan now owes over $45,000 in debt.‚ Dan is an ordinary fellow who never ran up a credit card debt, but just didn’t understand the complex adjustable-rate mortgage a sleazy lender sold him.‚ After Dan was foreclosed on, his wife Susan and their four children were forced to move several hundred miles away to Ohio while Dan lives in his pickup truck looking for work.‚ Now Dan hasn’t seen his family in close to six months and is growing increasingly desperate.
Contrast Dan with Merrill Lynch’s former CEO John Thain.‚ John Thain drove Merrill Lynch into the ground by not properly managing his bank’s risk and foolishly spending his investors money on redecorating his personal office for over a million dollars.‚ Thain even spent $1,400 on his office trash can!‚ That same $1,400 would have more than covered Dan’s families monthly mortgage payment, but the fat cats don’t care about the common man.‚ Dan lost his job helping to maintain America’s manufacturing and now he’s flat broke, but when Merrill Lynch CEO John Thain got fired, he received a $9,000,000 golden parachute.‚ That $9 million would go an awfully long way to help thousands of families like Dan’s get back on their feet.
Why are poor working class men like Dan losing their homes and their families while Wall Street millionaires get trillions more in tax dollars?