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Who's Occupying Wall Street Now?
After nearly five years of fundamentally transforming key sectors of our economy -- including energy, banking, health care and, of course, government benefits --
President Obama today bemoaned a growing income gap.
For which he blames
... the rich.
But along with Fast and Furious, Benghazi, the IRS targeting of conservatives, and NSA surveillance, one of the dirty little secrets of this administration has been how the rich never had a better friend ... than Barack Obama.
On his watch it's not leftist protesters now occupying Wall Street...
but rather Washington manipulators inflating stock values and shrinking the middle class.
Last month for the first time ever the Dow Jones Industrial Average
A key reason is that investors are hooked on government heroin.
The Federal Reserve through "QE" -- quantitative easing -- continues to pump $85 billion a month into Wall Street
... the same amount as an entire year's sequestration furloughs and cuts.
And by keeping interest rates artificially low (though they are rising for all but the favored few) there aren't many places to invest or even save -- other than Wall Street.
Yet while the stock market is going gang busters:
Middle class income is lower than it was five years ago.
Food stamps now feed 48 million people -- 1 in every 7 of us.
The labor participation rate is the lowest we've seen since the catastrophic Carter years.
And the greatest growth now -- apart from Wall Street --
is the demand for jobless and disability benefits.
What all this means is that both the destitute and investors are now equally dependent on Washington.
But wait, didn't President Obama raise taxes on rich investors like his good friend