While the elites of the banks and wall street have, indeed, waged their economic warfare at your expense, they spare no expense for their hobnobbing!
Even as millions of out-of-work and otherwise struggling Americans are tightening their belts for the holidays, the nation’s elite are lacing up their dancing shoes and partying like royalty as the millions and billions keep rolling in.
Recessions are for the little people, not for the corporate chiefs and the titans of Wall Street who are at the heart of the American aristocracy. They have waged economic warfare against everybody else and are winning big time. The ranks of the poor may be swelling and families forced out of their foreclosed homes may be enduring a nightmarish holiday season, but American companies have just experienced their most profitable quarter ever.
With a Swagger, Wallets Out, Wall Street Dares to Celebrate
Exuberance made a comeback this year at Josh Koplewicz’s annual Halloween party. More than 1,000 people packed into a 6,000-square-foot space at the Good Units night club in Manhattan, a substantially larger crowd than in the last several years. The open bar was sponsored by Russian Standard vodka, and Mr. Koplewicz, an investment analyst at Goldman Sachs, was able to snag a big headliner: the hip-hop star Lil' Kim, who performed dressed in a black cat costume.
The scene was more extravagant in September, at a 50th birthday party in Hong Kong for Brian Brille, the head of Bank of America Asia Pacific. Mr. Brille, who is well known on the New York social scene, wore a gray Hugh Hefner-esque jacket. Women dressed like Playmates, with feather boas and satin ears, danced behind a pink silk screen.
The banksters,who have having pilfered your jobs, your money, your pensions and your homes are partying at your expense. They trickled your wealth up to themselves.
They have money for parties, plastic surgery for their plastic faces, and more of your pilfered funds to eat in fancy restaurants.
You see recessions are really for the little people.
The US and Canada are no different-
News today makes mention of the fact that the rich are getting richer, a lot richer.
The wealthiest one percent of Canadians, saw income growth of 32 percent.
The wealthiest one per cent -- 246,000 individuals who made at least $169,000 in 2007 -- accounted for 32 per cent> of the growth in incomes during the booming years between 1997 and 2007, quadruple the eight-per-cent share of income growth they took home in the hot economy of the 1950s and 1960s
"This social experiment we've done on trickle-down theory -- 'Give more money to the people who are rich and they'll create more prosperity for everybody' -- it hasn't delivered on its own terms."
Quite the social experiment?? Beneficial to the upper echelons. By design.