Redistribute Wealth and Heal the Economy: Elect Obama & Biden!

We need a president who will start focusing on supporting working and poor families, and providing and improving education and health care. Who is better qualified, more intelligent and more compassionate: Barack Obama or John McCain?

Huge wealth inequalities in the U.S. hurt everyone, and hurt the middle class and poor the most. But wealth inequality hurts even the rich. Think about it: if you and I and our neighbors don't make enough to buy the products and services that the rich invest in and sell to us, who will? The Chinese? Indians? Others who live oversees?

Who will be left to support the economy, if we all make less than $10 per hour???

David Chandler at "The L_Curve" states it nicely:

Our economy produces tremendous wealth but it also produces tremendous poverty. Sure, some people can be lazy, but when large numbers of hard working people live in poverty and the middle class is shrinking, it is a systemic, not an individual problem.

There is plenty to go around, but it doesn't adequately go around. It goes to the top, and leaves the masses to
fight over the crumbs. [My emphasis -- Ed.]

The aristrocracy--a tiny gaggle of conservatives like Rush Limbaugh, George W. Bush, Dick Cheney, John McCain and other wealthy aristocrats who make over $5 million/year--only want us to eat the few crumbs and leaks that "trickle down." This is the famous "trickle down" economic theory or "supply-side economics" espoused by Ronald Reagan and others--and now, John McCain.

Under policies supported by John McCain, Sarah Palin and Republican leaders from Reagan through both Bushes, Americans have been losing income and wealth for decades. (See the L-Curve and Naomi Klein's The Shock Doctrine. In a video clip, Klein explains how these conservatives destroyed entire cultures, like in Chile when the sick US government teamed up with huge corporations and used brutal dictator Augusto Pinochet to overthrow the Allende government in order to make the country more favorable to US investments. In her book, she documents how in 1980, a CEO made 40 times a worker's pay. Now a CEO makes over 400 times a worker's pay!)

Do you want to yelping and scrabbling like a dog for even fewer scraps from the aristrocrats' feasts that might fall down?

If we can't afford to live and eat and buy in our own nation, who will? Will all the CEOs and upper managers emigrate to China, India, Korea, Taiwan, Mexico or other poor and authoritarian nations? I don't think they want to live anyplace else than the "land of the free"--right here in America.

Want to help yourselves and help others prosper and live in a fair, decent nation? Elect Barack Obama and Joe Biden for President and Vice President. Obama promises to cut tax breaks for the wealthiest -- those making above $250,000/year, leave taxes the same for those below that, and no taxes for seniors and others near the poverty line.

Go to http://www.barackobama.com/ for details on his economic plan--the only economic plan that:

1. Can save America from corporate greed and foolishness
2. Can prevent Wall Street meltdowns and credit crunches
3. Offers sound policies that support a strong middle class and offer a chance to uplift the poor
4. Offers a chance for prosperity for all.
   

Great sites for understanding wealth inequalities:

• Tour of the US Income Distribution,"The L-Curve" at http://www.lcurve.org/.
  The red line represents a graph of family income across the population. The height of the curve at any point is the height of a stack of $100 bills equalling that income...
  The US population is represented along the length of the football field, arranged in order of income.
  Median US family income (the family at the 50 yard line) is
  ~$40,000 (a stack of $100 bills 1.6 inches high.)
  --The family on the 95 yard line earns about $100,000 per year, a stack of $100 bills about 4 inches high.
  --At the 99 yard line the income is about $300,000, a stack of $100 bills about a foot high.
  --The curve reaches $1 million (a 40 inch high stack
  of $100 bills) one foot from the goal line.
  --From there it keeps going up...it goes up 50 km (~30 miles) on this scale!
• Visualizing Economics: 2005 US Income Distribution at http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/

More Census data! This time it is the U.S. income distribution for 2005 showing the number of households up to $250,000. (I have since added more graphs that include incomes above $250,000: 2005 US Income Distribution Part 2 and 2005
US Income Distribution Part 3)

Why elect Obama/Biden? Why not elect McCain/Palin?
See the next few posts for answers.