Wow, the Fed just keeps on printing money! Pretty soon it will take a wheelbarrow full of $100 bills to buy a loaf of bread.

It cost that now. All the price fixing hides it in other categories such as meat and other produce. And the things(assets) we already own. (ie....property tax, sales tax........)

I sense a global crisis. Hold on to your hats...

seems to be all we have left. Bunch of bare bodies from neck down.

'Liquidity' is Fed speak for counterfiting.

End the Fed! Bernanke to jail!

Liquid Left, it looks like you're commenting on some other article.

Wooohooo, now we get to bail out other countries in the form of inflation!!! Bend over people, the @!$%# is hitting the fan everywhere. New World Order looks believable doesnt it....

the IMF (international monetary fund) is in need of around 2 trillion dollars now, the federal reserve banks of the United States make up 50% of the IMF funding; the fed has already lent out 8 trillion to the foreign banks( all backed by future payroll taxes on American workers), how the hell are they going to keep this up, without causing hyper-inflation not seen since Germany of the 1920's; if it were not for sen. sanders exposing these loans in August no one would even know about them; the news media does not even mention the fact that the Fed Reserve of the United States has printed more bonds in the last two years than all the money in the history of the United States printed up until 2008; we are headed for really big trouble .

good to see the rating agencies actually doing their jobs now !!!!!

Does this mean the FED is also going to be giving out NO PAY BACK loans in the tunes of hundreds of millions to the wives of wall street and other well connected.... Probably so.... AGAIN.

Where did all the money go (Liquidity)?

The FED, the Central Banks, and the world's prosecutors have been looking for four to six years to find it.

The housing bubble bust may account for a lot of the "lost" money or wealth, since almost every home in America, and probably by now the world is worth 1/3 to 1/2 less than the values borrowed on them.

Then the next place may be the stock markets, and who knows how much perception loss is here, but in trading when someone looses a dollar someone else somewhere makes at least 80c even with the trading fees deducted. So say 20% in juggling fees to the market, at least, but the money changed hands and had to go somewhere. A lot of the markets previous dollars have been stripped away from the market by investor/gamblers that have had to use their previous market funds to keep their businesses and home lives afloat.

Then the loss of jobs world wide would have resulted in people spending away money while not working from savings, so this trend would have emptied or depleted many of these money deposits, with the money eventually dissipating into the economy until the unemployed didn't have any more to use, then eventually the economy would have slowed or stopped production at a rate reflecting the buyers inabilities to buy so no more production means no more start game for making new money.

Then the wealthy 1 to 3%, who have been making money, have also been hoarding it, because the tax laws for the last 6 to eight years have been rewarding them too hoard rather than pushing them through loss to tax or invest law language. I have seen estimates in the trillions not being reinvested until the tax language from Washington is cleared up. So Umpteen trillion here.

Now I know the FED, and the Central bank have financial men much more able to figure/predict this loss than I am so I am thinking these men and women have not been able to find the "Waldo Money". So they have an estimate in mind to put into the economy to keep the economic engine running while they cross their fingers hoping the Washington Congressional leaders will get their ego inflated heads out of their derrieres and start making policy that forces the wealthy to spend/invest the umpteen trillion they are holding, and make laws regulating the banking industry to put the crooked bankers back in line, and last but not least make some real policy to create a climate to put Americans back to work Tikki Tikki Tembo.

So to the FED and the Central Banks thanks for helping, maybe if we can all make it past the 2012 elections then maybe the American public will be able to elect enough men and women to Congress that will put the American public, and the American economy ahead of their short sighted narrow minded politically driven back door funded agendas, and put America back to producing new product … new product means new money, and new money is the missing liquidity.

quit bailing the banks out! bail the people out!

This looks like more liquidity being issued to solve a solvency issue again.

What I do not understand is why the stock market is responding to this as it is, since this appears to be more a move of desperation than a move to a solution.

More liquidity is to solvency as more alcohol is to a drunk, so my take away is the central bankers now think the global banking system, including that of China due to their holding of sovereign debt is in real danger of a giant global implode that will wreck the global economy and living standards for years or even decades to come.

The only solution to a solvency issue is to correct the balance sheet and if that means debt default, then default. Borrowing more only digs the hole deeper, making the economic damage of default in the future that much worse. Where are the adults?

Right about now I sure would wan't to be a useless banker, they get downgrades and the central banks all around the world come to their rescue? How sad that we have millions of people going hungry and jobless and yet it's the bankers who are getting the bailouts, AGAIN. I really would like to see the bankers suffer the same real pain that the the rest of the 99% is going trough. I don't know when but we the people need to wake up and put an end to this madness.

Gotta love the complainers about this action, I guess there won't be global meltdown after all.

I'm sure if there was a global melt down it would be all Obama's fault.

Glenn -- The stock market is buying into the short term good news. They'll try to time the fall, selling into the upside at a "good" point. It is short lived, if nothing else changes in the world economy. There are plenty of economists and market watchers who know a downturn is coming - if all stays the same. What could rescue us economically - high tech perhaps? But those with little education are doomed to less and less, as education funding is cut...

Globalinaf***edupstateization.

Time to return to Regionalization and create jobs in local economies and let each country fend for themselves.

What I do not understand is why the stock market is responding to this as it is, since this appears to be more a move of desperation than a move to a solution.

Investing is a way to fight inflation. If you let your dollars sit in a piggy bank, you are losing money

The dollar > The reichmark.. Ahh - memories! Bernanke spent his entire educational career studying the depression (according to docu-drama "too Big to fail" a must see). Well he must have been partying pretty heavy then because he sure seems to be missing all the red flags. The problem this time around is that we can not end this impending depression with a war. The players are mostly if not all nuclear states, and the industrial complex simply no longer exists either to build conventional weapons or to employ the numbers it did in the forties. As I have said all along, the only answer is to set aside a vast number of mortgages, if not all. The investors, who should have known what they were buying will get bruised, but will recover. Bankers and traders pay and bonuses need to be strictly controlled. CEOs should work for a dollar a year to straighten out the mess they caused of face life in federal, pound me in the @$$ prison. This would guarantee a flood of monetary activity among the private sector and return the economy to normal in months rather than years, as homeowners who have had their wealth stolen by the banks would once again be able to afford to spend on consumer goods. A story popped up and disappeared yesterday, the fed actually gave out SEVEN TRILLION DOLLARS TO THE BANKS UNDER TARP. Not the seven hundred million advertized. What did the banks do with this money. They sure as hell did not lend it out. Except to refinance a few loans for folks who certainly were comfortable in their mortgages. Not to by new or existing houses (except for pennies on the dollar = bank profits = ceo criminals taking home millions more) Not for cars or refrigerators or anything else that becomes jobs. Bank pay has gone up during the last year - to record levels. It is time for prosecution, asset forfeiture and prison for bankers. It is time to globally reset the economy, and if we can't see the need to do that, I suggest you remember these three simple words - Duck, and cover.

We are getting a bit ahead of ourselves here. It will be the ECB that will act like the Feds here in the US and begin printing money. It is their problem and thus their risk. The finance minister in Canada just reminded Europe that they will be the ones this time doing the printing.

Recently I have been pursuing various bank loans. A few months ago, a family member wanted to buy a home as a first time buyer. Banks will lend if you have 20 or more percent to put down. He did not have that much money. He then can't get a conventional loan and would then need to pursue a Federal loan requiring much less down, but a substantial insurance policy premium each month. So there is a catch... This is why the housing has slowed to a crawl. The process to get a loan is convoluted and slow and with many catches that add up to larger payments. So this person walked away and didn't buy.

Now to expand our business we are looking at an SBA loan. After having spoken with the bank, our CPA that route looks too messy. It is like jumping through hoops and keep raising the bar. A commercial loan requires 20 or more percent down as well which we can meet. That process is on-going.

My point here is that what you hear and what is really going on is very different. Walking the walk gives a very different perspective.

Printing money means that commodity prices increase which we have all seen the past couple years. On one hand farmers are thrilled. I have never seen so much ignored land get planted this year. Seriously, every square inch by the farmers. However, those already living paycheck to paycheck will see things get worse. Food prices will continue to go up and fueling up will cost more as well. We aren't really solving any of the key issues because we do things that temporarily fix one issue while not addressing the elephant in the room.

It's the correct thing to do. Droplets of dope will hopefully, settle the addicts until their normal suppliers can replenish them. Gwad! The wages of greed are manifest emaciation of even its engineers.

What I do not understand is why the stock market is responding to this as it is, since this appears to be more a move of desperation than a move to a solution.

Because the stock market is being held up so people dont freak out, the rich are happy since they can take advantage of the little guy and the gov is happy since they dont look bad..

I'm wondering if this isn't a desperate last ditch move by the Fed trying to make themselves seem too valuable to get rid of before somebody like Ron Paul proves how completely useless they actually are!

The Fed and the IMF are robbing us blind. Banks don't want to give loans to normal people, unless the federal government puts the US taxpayer on the line, where they have 0 risk. That is what the Fed and the IMF are about. It gives bankers the right to loan money to say countries like Argentina, that the leaders of that country steal and get wealthier, the countries that give those loans get poorer and the countries that receive it become poorer because their government steal the funds, socialize the business's, therefore making them non-profit. When Argentina can't repay the loans, then We go into bailout mode, the banks restructure the loans to continue receiving the interest payments, and We the taxpayers get hit with higher tax's and inflation to pay the bill! It's a great game for the banking community. We need to get rid of the Fed and the IMF !

This latest action by the Fed is a direct response to the ratings agencies (S&P) actions of yesterday in lowering the credit ratings of many (15) major American and foreign banks, including Bank of America, Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Wells Fargo, and Merrill Lynch, Barclays, Royal Bank of Scotland. Others will follow! The lowering of the ratings by, in most cases, one grade, puts tremendous financial burdens on the banks because of reserve requirements and derivitive swap agreements costs. The Fed is artificially shoring up these institutions to avoid a severe credit crunch. However, a warning is warranted, 'payback' is hell and will surely come in somewhat of a short order.

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/29/bloomberg_articlesLVG42V0UQVI9.DTL

The Fed did not have the backing , in case of default, from 1913 to 1986; remember the savings and loan crisis; the FDIC was broke, the fed refused to put any more money into it, the Regan administration made a deal, if they would lend FDIC the money needed, then the Treasury would guarantee the federal reserve notes, remember the old currency, fed notes, it had a symbol ,identifying which bank issued the notes, and which bank was responsible for making them good, the new notes have the issuing bank id (K,A,G,F etc. ) taken off the notes; the American taxpayer now backs the private bank notes, and congress goes skipping happy along, God we are in trouble .

Joining in the move were: the Fed, The Bank of Canada, the Bank of England, the Bank of Japan and the European Central Bank, the Fed said.

These banks have a common (majority) owner that is capable of providing food, clothing, and shelter for every man, women, and child in the world. Don't let the names of these banks fool you; they are not government own; infact, when governments like ours need money, they borrow from these central banks which they do not own.

Exac a moon doe Joel - Just another move in the big chess game - Try to find out who owns the IMF - Central Bank - Federal Reserve - I bet you come up empty - never been an audit - they pay no taxes to anybody and a secret society they make money by printing money - what is their collateral on these loans ??? Good luck folks

"Central banks pump up global economy"

It should read: Central banks pump up the people so they can be used as their inflatable love dolls.

It's the same as passing out heroin to drug addicts. IT IS NOT THE CORRECT THING TO DO! The correct thing to do is look in the mirror, swallow hard and make the structural and regulatory changes that are necessary. But that will NEVER happen.

All this move means is the the rich and the puppet masters of the capital markets get a longer freer ride and stuff their already exploding bellies with more pie. Please people, wake up....please...

THIS CRAP NEEDS TO STOP! Printing money and bailouts will never put a dent into Europes problem and ours. All the lifestyles need to change and stick to a budget and if the Europe and the USA dont like it then thats to bad.!! Its called tough love. I hate to say this but I hope this country and Europe collapse. Maybe it will wake up everyone. Obama and the Lefts plan is to collapse the system like George Soros wants and its headed that way.

http://www.youtube.com/watch?v=itxfB3dN7ps

there's one for you...

piegan...you had me until your MASSIVE Obama disconnect. If you would open your eyes a little more, you might be able to break free of your chains and get a grip on the entire reality a not a small portion of it and understand the TRUE nature of what has ACTUALLY happening...it has NOTHING to do with "the left" and only has to do with George Soros because he is a billionaire and benefits by this. I know the puppet masters can confuse people like you by turning this into a political argument when it is not really. It is about greed...and greed knows only whatever political manipulation that serves it's interest at any particular moment. They have your head all turned around and screwed on backwards. It is entirely within the realm of your choice to stop believing in nonesense and start looking at REALITY.

Feed the Jewish new world order while the .001 percent get richer and richer and gain ever more control...

either way everyone else must suffer.

Perhaps we should go with the Conservative - Republican approach - Do nothing, and let the house of cards collaspe completely. Yep, that's the best way to handle this huh?

Social ism rocks. You'd like it if you tried it.

"Europe is going to melt down under the weight of all that socialism"

I'll take that wager.

Isn't it interesting that the former truly "Socialist" countries (i.e. the Communist bloc countries) are NOT the ones causing the problems in Europe?

I have to admit that when Bush II destroyed the economy by a war of pleasure, borrowing from China to give the super rich tax breaks and spending down a surplus so fast it makes a tornado seem in slow motion he also took the wheels from the wagon and hid them. Since he could no longer control the wagon I'm guessing he shot the teamsters also because of their title.

Socialism has always been part of America and has always been the best part. You may not support the military, fire, police, public schools and health care for the sick and poor but you will find it impossible to move to someplace (in America) where your taxes aren't spent on those socialistic groups. If you do let me know, I'm tired of paying taxes for other people's kids. I'm also disgusted that Bush II gave my tax dollars to the super rich bankers so they could give themselves additional millions in bonuses. That isn't capitalism that is corporate welfare.

Perhaps we should go with the Conservative - Republican approach - Do nothing, and let the house of cards collaspe completely. Yep, that's the best way to handle this huh?

There is plenty that can be done... BUT... if my choices were to DO NOTHING or REPEAT the SAME MISTAKES that made this mess I would choose DO NOTHING.

In reality, no one wants to DO NOTHING. That's you talking politics out your ass like the media. I bet you got that from Al Sharpton or Chris Mathews... and no I don't watch FOX as they are full of it too.

Still blaming Bush. Really you lefties need to give it up and give Obama some credit.

Sorry Rational AmeriCAN, but Germany, Norway, and Canada are all democracies with a socialist leaning and all are very healthy economies compared to the corporatocracy that is the USA. True, the Greeks took European socialism too far, but would they be as bad off today if Wall Street didn't push the world into the latest depression. If you haven't noticed the US social/economic model is failing right in front of your eyes.

Righties blamed Clinton for 8 years, I figure we've got a good 5 years of blaming Bush.

What goes around comes around.

If you buy gold, you have to trade it for dollars. By the time you get those dollars to the store, you won't be able to afford the gas to get home.

someone = Ken is using his head!!

really, I wonder if any one of the commenter (and politicians) know how money in the US is created

the reality is we can print money out of thin air! (by the way we are the only nation on this planet, which can!). So all this debt talk is just to keep appearence and the rich rich, after all what is it good for to be rich if everybody is rich? That was the problem with the high real estate values, they had to come down to make sure the majority stays poor.

"Perhaps we should go with the Conservative - Republican approach - Do nothing, and let the house of cards collaspe completely. Yep, that's the best way to handle this huh?"

Nice strawman. He's not saying what we SHOULD do. He's talking about what we shouldn't. And he's correct. Simply printing currency devalues said currency as a whole. This is not rocket science, but basic economics. I'm not sure what they mean by "injection of liquidity", but it can only mean a few things. . .printing more money, giving away money collected from taxpayers, or if it's by reducing the rates required to borrow OUR currency, abandoning a revenue stream.

None of those alternatives help our economy. In fact, what it seems like our Federal Reserve is doing here, is increasing our exposure to what most European economists say is an INEVITABLE collapse of the euro zone. That's a really bad idea. If the euro collapse is inevitable, then it's almost certainly a better idea to let it happen sooner, rather than later.

f you buy gold, you have to trade it for dollars. By the time you get those dollars to the store, you won't be able to afford the gas to get home.

Not if you use gold coins, they are considered legal tender and all companies must except them.. Im buying up real estate myself, since I believe gold is already too expensive..

How about we stop with the blame game as that gets us nowhere and focus more on solutions?

If much of the wealth is locked up with such a small number of people and businesses, then, sorry folks, that wealth needs to be unlocked (for the betterment and future of the country).

At the same time, we can't just give away money to those that didn't earn (or deserve) it.

What I mean here is simple: cut taxes on the middle class (the working folk that make the real economy go), make the upper class pay their fair share and give incentives to businesses that hire (Legal) American workers at the same time taxing them on their overseas tax havens.

Sorry Rational AmeriCAN, but Germany, Norway, and Canada are all democracies with a socialist leaning and all are very healthy economies compared to the corporatocracy that is the USA. True, the Greeks took European socialism too far, but would they be as bad off today if Wall Street didn't push the world into the latest depression. If you haven't noticed the US social/economic model is failing right in front of your eyes.

Norway's population is less than the Dallas Ft. Worth Metroplex. Canada is at 34 million.

The largest of your example is Germany, still less than a third of the US population. The only saving grace of Germany, and the MAIN difference in their healthy economy and ours is that they run a HUGE trade surplus every year. This means more money goes into Germany than goes out. The US through poor foresight and trade policies has been running a trade deficit in the hundreds of billions for many years thus we have more money leaving the US than coming.

It is Apple's and Oranges.

Finally, CORPORATISM is not a symptom of the free market but quite the opposite. Corporatism is in fact an unholy alliance between the wealthy elite AND GOVERNMENT.

Once you understand this, you begin to see how getting MORE GOVERNMENT will only feed the beast that wants to control and feed off of you.

The answer is in reducing the size, scope, and influence of government, and returning to free markets. This will keep the wealthy from having influence over government officials who RIG the RULES to kill competition and line their pockets. It is the only way.

Mr Rogers: so in your analysis, the only thing separating us from the winners is population? Once we understand the answer is to do NOTHING, and let markets do everything and anything they'd like in the name of profits, we'll be saved?? Well, well...can't understand why YOU'RE not in charge....

This is my opinion, all of the congress: House and Senate all need to be put in prison, along with all of the CEO's of these major banks that have stolen Trillions of dollars from the American people. This could not have been accomplished without the help of our representatives so they are as culpable as the bankers that took the money and the gave themselves millions in raises and bonuses, vacations etc. all the while, the world econ. is falling apart at the seams due to their stealing. Please don't try to explain it all away. The bottom line is that our Government is so Corrupt that it does not know which lie goes with which. And when someone does find out and tries to investigate where trillions have went, a plane supposedly fly's into the only office that has any records about it and so, end of investigation. Governments have allways been corrupt, since the begining of recorded history and before, but our Government has become so corrupt that it is inevitable that the people will one day stand up and fight the tyranny. The sad thing is that our constitution has become so conveluted due to corrupt lawmakers that we are on the fringe of losing our most important rights, such as the right to keep and bare arms, along with natural rights like making a living because jobs are no longer there. They have all gone oversea to China. We have made China a world power and it only took 20 years. I don't even want to think about the world that my children are going to inherit.

Mr. Rogers,

I agree with you completely. "Corrupt" Government is the largest reason we are in the situation we are in today. However, one day, we will either be invaded by a larger more powerful China using American Funding to attack us, or we will implode upon ourselves at which time, someone, most likely China will come and invade us using our own money to fund the attack. So, you see, we are screwed, greed HAS killed America, she just doesn't know she's dead yet.

The flame of Liberty hasn't died out yet. There is ONE Presidential candidate that has the honesty, integrity and the knowledge to fan those flames. The only ONE that has the guts to tell us like it is, even when it hurts. The only ONE that is speaking truth to power. The only ONE that predicted this economic crisis and offers solutions via competing currencies. The only ONE that has never taken corporate bribe money in exchange for sweetheart deals. Ron Paul's only special interest is the Constitution. I will stand with him in 2012 for Liberty. Say NO to endless wars. War is a racket. War is business, and our government (being parasitic in nature) should not be a business. Our largest export is guns, missiles and war.

The link below features a 'banned' political commercial that touches upon our economic woes. We cannot spend ourselves into prosperity.

http://www.youtube.com/watch?v=s2rMnov4Ae8

We all have a choice. A man chooses, a slave obeys. We can choose to stand with Liberty or we can choose to maintain the status quo. I sometimes wonder if I will live to see the day Individual Liberty dies, and how it will happen? With thunderous applause? In the name of the collective good?

Mr Rogers: so in your analysis, the only thing separating us from the winners is population? Once we understand the answer is to do NOTHING, and let markets do everything and anything they'd like in the name of profits, we'll be saved?? Well, well...can't understand why YOU'RE not in charge....

Apparently you didn't read my comment. Sure it's easy for you to throw out countries and say they are socialist leaning and hey, they are doing great... without actually analyzing the reasons for their success.

In Norway, a nation of only 2.9 million WORKERS, they are HEAVILY dependent on oil and natural gas exports. They have HUGE oil reserves and the industry is nationalized. It's not hard to understand how they can keep 2.9 million people employed with such reserves.

In Canada, they similarly have a relatively small population with rich resources however, they have been wise enough to avoid massive debt unlike the US which has spent this debt primarily on entitlements and WAR... another thing Canada doesn't do... trying to police the world.

Finally, in Germany, the main issue you seemed to miss was the fact that they actually make and export MORE THINGS then they import. The US does not.

Again all of your examples are Apples and Oranges compared to the US.

More Liquidity!!!! = More Inflation!!!!

[Hoorah?]

trillions in assets are about to vanish as these indebted countries default.the banks and corporations that insured these debts dont have the money or assets to pay off on their policies.all the central banks are doing is trying to keep money flowing.inflation wont be a problem as long as we have free trade/job exporting.labor cant demand a fair wage without a company threatening to move where folks will work for all but free

Economic soothsayers and false prophets of doom. Or, as the late President Reagan called them, "nattering nabobs of negativity." Keep jumping up and down, and maybe you'll throw off the orbit of the planet, sending us spiraling into the sun!

Out of context. If the enemy is found in you and defeated or called out, he must restore that which was allowed to be taken from you. For example, if you smoked for 20 years tempted by the enemy and overcome through faith in scripture moving toward a better lifestyle with change of heart and mind over the habit, the enemy is to repay you 7 fold of the loss that habit did to you over the years you smoked. Its for a personal accomplishment overcoming Satan. It is God's incentive through his son that we all overcome sin.

"nattering nabobs of negativity." That was Spiro T. Agnew, you idiot!

Markb,the nattering nabobs of negativism quote, is from VICE PRESIDENT SPIRO AGNEW.

Life is good at the top. The top 1% have collected 80% of ALL income growth over the last 30 years -- and now accrued 40% of the nation's wealth. CEO compensation up 27% for 2010; the largest increase in history. Bank CEO pay up 36% to an average of $9.7 million per year. Trillions doled out to Wall Street and large corporations making record profits and paying bonuses. And the richest 400 Americans now have more wealth than half of all Americans -- while their taxes have been halved. Sales of private jets, luxury cars, multi-million dollar estates, jewelry, etc. are soaring.

Meanwhile forty-six million Americans do NOT have enough to eat. One out of four males over the age of fifty are unemployed. One of four children living with hunger. Sixty percent of Americans living paycheck to paycheck. Over a quarter of all Americans either unemployed or underemployed. Record numbers of veterans homeless and unemployed. One-third of home sales from foreclosure. Millions thrown into the streets by the nation's banks. Millions of our youth suffering with predatory student loans and 60% of graduates unable to work in their field. And the only choice is usury or no credit.

Income inequality in America now ranks between Uganda and the Ivory Coast -- worse than Pakistan, Kazakhstan and Ethiopia. We have the highest concentration of wealth and income in American history while most of the country is struggling. It has now reached the level of 1929 -- the height of the great depression.

Make no mistake -- change IS coming. Americans will NOT sit idly on their hands while their families go hungry.

If someone is physically able to work and isn't, thats thier choice, there is plenty of work available if one choses to become productive! BY the looks of american children "obesity" comes to my mind not hunger. The majority of these obese children are not the offspring of the so called "rich or 1%" either. So stop pointing the finger at those willing to work and worry about how to become a little more usefull and take care of yourself. We cant spend our way out of tough times but we sure can work through them. Stopping all the "handouts" would really help also!

Life is good at the top. The top 1% have collected 80% of ALL income growth over the last 30 years -- and now accrued 40% of the nation's wealth. CEO compensation up 27% for 2010; the largest increase in history. Bank CEO pay up 36% to an average of $9.7 million per year. Trillions doled out to Wall Street and large corporations making record profits and paying bonuses. And the richest 400 Americans now have more wealth than half of all Americans -- while their taxes have been halved. Sales of private jets, luxury cars, multi-million dollar estates, jewelry, etc. are soaring.

Meanwhile forty-six million Americans do NOT have enough to eat. One out of four males over the age of fifty are unemployed. One of four children living with hunger. Sixty percent of Americans living paycheck to paycheck. Over a quarter of all Americans either unemployed or underemployed. Record numbers of veterans homeless and unemployed. One-third of home sales from foreclosure. Millions thrown into the streets by the nation's banks. Millions of our youth suffering with predatory student loans and 60% of graduates unable to work in their field. And the only choice is usury or no credit.

Income inequality in America now ranks between Uganda and the Ivory Coast -- worse than Pakistan, Kazakhstan and Ethiopia. We have the highest concentration of wealth and income in American history while most of the country is struggling. It has now reached the level of 1929 -- the height of the great depression.

Make no mistake -- change IS coming. Americans will NOT sit idly on their hands while their families go hungry.

No they will go camping in the park.

Ignorance is contagious, it seems most people on newsvine have caught it.

The market is where a lot of hard working middle class people have their retirement money. When the market goes up it's good for everyone, not just the "rich"

There is no use trying to rationalize with the irrational so we will leave it at that.

Yes Robin, they will camp in the park, until the time comes to do more. That time is quickly approaching us all.

I just want to say...when I read this I was fearful that I would be the only one that noticed how the "media" is sugar coating what will turn out to me yet another BAD decision made by the elite. This will greatly affect us all. If you are aren't living paycheck to paycheck yet, you will be. If you aren't hungry yet, you will be.

Hold on Americans....this ship is about to sink!

Thank god for another Bail Out, my yacht needs an overhaul, now i can just buy a new one! But really why is there no outcry from the Tea Party?? They are too busy cashing their worthless stocks for big gains.

Gun owner, you sir I would venture to guess are a conservative, the campers are largely liberals. I would say that you are more likely to take a direct approach when the shtf, and I for one do not blame you one bit.

now where is that needle.

Oh yes...let's leave everything to the markets because they are just BRILLIANT at not driving off the cliff...Who needs a policy?? Gee...such easy answers.

Hey in this country - If you steal someone's life savings you get to become a CEO.

Good post Jim, I agree w/you.

I don't get why we are suppose to feel good about paying for yet another snafu brought about not on our accord but due to the corrupt greed of Wall Street the banks and all their followers. Europe is going down? Well from what I understand Northern Europe is doing just fine. Let Southern Europe bite the dust JUST like we are.

I'm really sick of these Ba****** and if the Republicans will let them fail well show me a candidate I can vote for. Show me Huntsman.

Damn it Obama....step up to the plate!

Life is good at the top. The top 1% have collected 80% of ALL income growth over the last 30 years -- and now accrued 40% of the nation's wealth. CEO compensation up 27% for 2010; the largest increase in history. Bank CEO pay up 36% to an average of $9.7 million per year. Trillions doled out to Wall Street and large corporations making record profits and paying bonuses. And the richest 400 Americans now have more wealth than half of all Americans -- while their taxes have been halved. Sales of private jets, luxury cars, multi-million dollar estates, jewelry, etc. are soaring.

Meanwhile forty-six million Americans do NOT have enough to eat. One out of four males over the age of fifty are unemployed. One of four children living with hunger. Sixty percent of Americans living paycheck to paycheck. Over a quarter of all Americans either unemployed or underemployed. Record numbers of veterans homeless and unemployed. One-third of home sales from foreclosure. Millions thrown into the streets by the nation's banks. Millions of our youth suffering with predatory student loans and 60% of graduates unable to work in their field. And the only choice is usury or no credit.

Income inequality in America now ranks between Uganda and the Ivory Coast -- worse than Pakistan, Kazakhstan and Ethiopia. We have the highest concentration of wealth and income in American history while most of the country is struggling. It has now reached the level of 1929 -- the height of the great depression.

Make no mistake -- change IS coming. Americans will NOT sit idly on their hands while their families go hungry.

welcome to the ohh so loved capitalism, but still better than socialism right?

I got banks begging to loan me money. I don't want more loans. I'm already in too much debt as it is.

Get people and small business out of debt gridlock, and things will be much more liquid for everyone.

No because they are idiot socialists like good ol' Honest Abe.

hell, I dont recall abe creating 15000000000000 in debt. And thats trillions if I didnt get enough zeros.

No Dak - because they are to focused on getting re-elected.

John - Abe would have done it to save the Union.

Good post peace lover... Finally.. someone who sees that it will require several changes to have economic growth.

cut the war machine

@itsabouttime

War was made for man.....not debt. Today we have both.

Abe was freeing those in captivity

Tax reform is the key. We need to scroll back about 40 years prior to Reagan initiating the destruction of our economy. Tax rates were twice as high on the wealthy and there were nowhere near as many loopholes and tax breaks. It's simple, just like running a household. You cant spend more than you take in. To ballance a budget you need to increase taxes and reduce payouts. We can't keep putting what we believe to be "usage" taxes or "local" taxes on merchandise. This is a text book method of reducing taxes on wealthy and applying a disproportionate tax on the working class.

There is no "easy way out". The wealthy have stollen, hoarded and spent every dollar available, now they want us to bail them out even further when they are sitting on trillions of dollars.

Bring US jobs back to America, tax China and focus on America. We can rebuild this country to be stronger than ever but it wont be easy and I dont think we can rely on the Chineese or the Indians. China will drop to their knees and kiss our asses if we were to grow a good pair!!

Talk of "economic growth" through reduction of taxes is a bunch of malarky. Businesses will never willingfully share their wealth. Capitalism is about exploitation of resources for monetary gain. There is no compassion or common good in capitalism. Businesses have never repaid their debt's or favors to the American people.

Based on the financial house that Obama has been in charge of with his henchmen, it will NOT work.

Only a fool hopes in bad medicine...

our government cares about everyone but our 99 percent.we the people serve the government

@john ... thanks for the pep talk comrade.