Comments by "Tony Wilson" (@tonywilson4713) on "Mike Lindell u0026 Kari Lake Fail Miserably in Steve Bannon Interview" video.
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You are absolutely right, but do not for a moment think these people don't know what they are doing which is tap into the anger and frustration boiling in America's middle and working classes.
Sorry if this is a but longer.
A coupe of weeks ago Richard Wolff (David's old professor) mentioned a Congressional Budget Office (CBO) report on FAMILY WEALTH. Its easy to find with google with a search for "congressional budget office family wealth."
What it says is damning and If you ask why David, Jessie, Sam Seder, Kyle Kulinski and all the other Lefty commentators are NOT howling about this report, I have no idea why.
The very first graph of that report compares the wealth of the top 10%, middle 40% and bottom 50% of America from 1989 to 2019. The bottom 50% of America has effectively gone nowhere in terms of family wealth while the middle class has had reasonable growth while the top 10% have soared.
I crunched some of the basic data of that first graph and looked at the recoveries from the GFC. Comparing what they lost after 2007 and comparing it to the 2019 valuation. ON AVERAGE:
The Top 10% lost 11.1% in the GFC but have since recovered to be 21.7% ahead of where they were in 2007.
The Middle 40% lost 13.6% in the GFC but have since recovered to be 4.6% ahead of where they were in 2007.
The Bottom 50% lost 49.5% of their wealth in the GFC and have so far recovered some of that but are still 21.8% BELOW their 2007 valuation.
That means 165 million Americans are NOT even back to where they were in 2007, while another 132 million Americans have only just recovered. This data is out of the Congressional Budget Office so there is no denying the reliability of the data.
That's where a lot of the frustration that people like Kari Lake, Steve Bannon, Mike Lindell and others tap into.
This is also where AOC, Marianne Williamson, Bernie Sanders, etc get their support from.
When main stream establishment political parties FAIL to address real issues for real people those people will turn to others.
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Because he, Kari Lake, Mike Lindell and others are tapping into the FRUSTRATION people have with main stream establishment parties.
Sorry if this is a but longer.
A coupe of weeks ago Richard Wolff (David's old professor) mentioned a Congressional Budget Office (CBO) report on FAMILY WEALTH. Its easy to find with google with a search for "congressional budget office family wealth."
What it says is damning and if you ask why David, Jessie, Sam Seder, Kyle Kulinski and all the other Lefty commentators are NOT howling about this report, I have no idea why.
The very first graph of that report compares the wealth of the top 10%, middle 40% and bottom 50% of America from 1989 to 2019. The bottom 50% of America has effectively gone nowhere in terms of family wealth while the middle class has had reasonable growth while the top 10% have soared.
I crunched some of the basic data of that first graph and looked at the recoveries from the GFC. Comparing what they lost after 2007 and comparing it to the 2019 valuation. ON AVERAGE:
The Top 10% lost 11.1% in the GFC but have since recovered to be 21.7% ahead of where they were in 2007.
The Middle 40% lost 13.6% in the GFC but have since recovered to be 4.6% ahead of where they were in 2007.
The Bottom 50% lost 49.5% of their wealth in the GFC and have so far recovered some of that but are still 21.8% BELOW their 2007 valuation.
That means 165 million Americans are NOT even back to where they were in 2007, while another 132 million Americans have only just recovered. This data is out of the Congressional Budget Office so there is no denying the reliability of the data.
That's where a lot of the frustration that people like Kari Lake, Steve Bannon, Mike Lindell and others tap into.
This is also where AOC, Marianne Williamson, Bernie Sanders, etc get their support from.
When main stream establishment political parties FAIL to address real issues for real people those people will turn to others.
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