Obama Instituted the ‘Greatest Transfer of Wealth in History’ to the 1%

By Justin Gardner on January 18, 2016

obama-transfer-wealthIf the presidency of Barack Obama teaches us anything, it should be that presidents are nothing but tools of the elite to concentrate wealth and power. It should teach us that the words Democrat and Republican are absolutely meaningless.

Columnist and editor for the NY Post, Michael Gray has a phrase to describe the time period of 2008 through 2015—The Great Fleecing. It was the continuation of a great game that has played out since the rise of consumerism, a collusion of corporations and government that has squeezed the Middle Class for everything it was worth.

The vast majority toils through cycles of boom and bust, while the 1% steadily reaps the benefits of a shadow economy that siphons wealth upward. The Great Recession never hurt the elite, and the supposed recovery never helped the rest of us.

“During [The Great Fleecing], the greatest transfer of wealth in the history of the world occurred. Some $4.5 trillion was given to Wall Street banks through its Quantitative Easing program, with the American people picking up the IOU.”

The gap between rich and poor has widened more under Obama than under any other president.
Read more at http://thefreethoughtproject.com/barack-obama-successfully-rich-richer/#ErfLl8mkqezgrbDA.99

Read more at http://thefreethoughtproject.com/barack-obama-successfully-rich-richer/#ErfLl8mkqezgrbDA.99


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