Skip to comments.Fattened Cats - Congress Grows Richer During The Great recession
Posted on 12/03/2012 10:36:41 AM PST by guyshomenet
Dont worry about the so-called 1%. They allegedly came by their wealth honestly.
Congress on the other hand ...
During the Great Recession, the wealth gap between congress and their constituents grew at a spritely pace. At the high end, congresss cornucopia continued growing by 14% while you and your neighbors prosperity plummeted about 39%. On a good day it is damn difficult to like your average congress critter. Knowing that their holdings grew as the world economy imploded illuminates two well known facts: that being connected is profitable and that pitchforks remain viable corrective implements.
Crony connectivity accounts for part of this growing wealth disparity. So does the fact that the rich (a.k.a. your representatives) know how to get richer even in bad times. Our national bad habit of electing wealthy people skews the numbers a bit. But as demonstrated by Obamas largess to union bosses via his deceivingly described stimulus spending, knowing people who spend your tax money is a fast path to wealth. The price for playing loot the lucre is giving back to those that gave.
Which may explain why Democrat defalcator in congress grew fatter than their Republican reprobates.
This brings to the fore an interesting perspective on the party of the little man. Seventy percent of the top ten wealthiest denizens of Capitol Hill are Democrats. Even after removing John Kerry and is wealth-by-marriage, the ship of stolen state still lists left. Interestingly, two shrill succubi from San Francisco the wraithlike former House Speaker Nancy Pelosi and the increasingly oval Diane Feinstein occupy the top ten list of the Hills sale riche. Pelosis plunder makes her 1,513 times richer than the average American, which is wealthy even by congressional standards.
It is no mystery then why candidates spent six billion bucks this year to bribe their way into office. The stakes are big for these bagmen and the people for who they divert dough. The $1.3 trillion in forthcoming discretionary spending (for things like tanks and courts of law) contains enough subsidies, scandalous spending and outright grants that thieves of all flavors are granted grifting gifts. That congress continues to gratify goat farmers to make mohair for long-abandoned warware is only a small example of how your congressman redirects your taxes into your neighbors pocket.
Congress is the 1%. Not the wealthiest people, but the pinnacle of pickpockets, the most proficient and productive of pilferers. Perhaps occupying congress is an appropriate protest.
I would guess that the best indicator of fat cats would be how long they have sucked on the government teat in combo with how crooked they are.
Two prime examples are Pelosi and Boehner who got rich on insider trading right before the market collapse in 08.
If it wasnn’t for the corruption, no one would want the job.
In a socialist system such as ours, the income level is always enormous between the commissars and the proles.