The Effects of Republican Class Warfare

Republicans love to repeat the lie that the Democrats are engaging in class warfare by refusing to extend the Obama Tax Cuts to the richest 2% of Americans.  The fact is that Republicans have been so busy engaging in class warfare to redistribute wealth upward that the bottom two quintiles (that’s 40%) of Americans possess only 0.2% (1/5 of 1%) of the nation’s wealth.  Here are some examples of the effects.

…The following are 15 shocking poverty statistics that are skyrocketing as the American middle class continues to be slowly wiped out….

#1 Approximately 45 million Americans were living in poverty in 2009.

#2 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.

#3 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.

#4 According to the U.S. Department of Agriculture, on a year-over-year basis, household participation in the food stamp program has increased 20.28%.

#5 The number of Americans on food stamps surpassed 41 million for the first time ever in June.

#6 As of June, the number of Americans on food stamps had set a new all-time record for 19 consecutive months.

#7 One out of every six Americans is now being served by at least one government anti-poverty program.

#8 More than 50 million Americans are now on Medicaid, the U.S. government health care program designed principally to help the poor.

#9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.

#10 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.

#11 The number of Americans receiving long-term unemployment benefits has risen over 60 percent in just the past year.

#12 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job.

#13 Nationwide, bankruptcy filings rose 20 percent in the 12 month period ending June 30th.

#14 More than 25 percent of all Americans now have a credit score below 599.

#15 One out of every five children in the United States is now living in poverty.

…

Inserted from <Alternet>

The above is a snip from an extensive three page article.  Clicking through is worth the read.

I have to admit that the above proves that the Republicans have been quite efficient in their implementation of No Millionaire Left Behind.  There is no lie the Republicans will not tell in their quest to enrich the rich at our expense.  One of their favorites is that excluding the top 2% from Obama’s tax cut will hurt small business.  But when they make out that the small businesses hurt are the mom and pop operation on the corner, they lie.  They won’t tell you which small businesses will have to pay more, but Keith Olbermann did.

Visit msnbc.com for breaking news, world news, and news about the economy

The bottom line is this.  Republicans govern only for the benefit of corporate criminals and the richest 1%.