300,000 Superrich American Families:Took Home 20% of All Income From 1979 To Present

180 million American workers took home 40% of the income generated from 1979 to 2011 while 300,000 families(0.1%) took 20%. This is a travesty of economic justice and a peek inside the aristocracy of modern capital that is the U.S. economic equivalent of the politburo in Stalin's communist Russia.These 300,000 families control our congress,undermine workers rights,inflate commodities,restrict economic freedom,create insecurity,transfer jobs and have taken our democracy with their subversive activities as never before in our history.The corporations that they own have CEO's that make 531 times the salary that their workers take home.Their mouthpieces in politics(both parties) are presently working over public employees who try to organize and resist their dogmatic,greedy,un-American grip on society.Private and public unions(less than 10% of all workers..3.3% are public) are the last holdout from our parent's world.One out of three workers were unionized when our parents went to work in the 1950's(baby boomers).They believed in democracy in the workplace because they just fought a  damaging war to be free to unionize and earn a living wage.They understood that economic equality is the backbone of a prosperous nation.That generation worked together to build a country where corporations were in the business of common good not good for a few.

Today, I saw President Obama with his Council of Economic Advisers.Austan Goolsbee is the current chairman who served as Senior Economist to the Progressive Policy Institute who many critics describe as conservative,neoconservative or neoliberal think tank.I also had the pleasure of seeing Jeff Immelt(CEO of General Electric)interviewed on MSNBC who is the leader of a jobs creation committee.William Daley(JP Morgan Chase) was also seated by President Obama as they laid out a plan for job creation.Mr. Immelt(GE and Comcast own MSNBC) told his employee(MSNBC pundit) that lowering corporate taxes and getting rid of  most government regulations would create jobs.At that moment,I finally realized I can no longer argue on behalf of President Obama and felt hopeless that in a week where Wisconsin public workers are fighting to maintain a union,he is a conspirator with CEO's about future job creation and refuses to stand up for the battered workers.He has been turned into a corporate flunky and I am sorry I ever voted for him.He has been a big disappointment and an embarrassment to his supporters,especially the black community.He needs to take a new path that doesn't look down the road to the 2012 election.