Why Working Class Conservatives Should Leave The GOP

Main Street conservatives need to wake up to the fact that the Republican politicians do not fight for you.  They fight for Wall Street and Big Corporations who throw your neighbors onto the street.

Wall Street has a plan to make working class Americans, whether you’re liberal, conservative, Democrat or Republican, economically irrelevant.  The point is, if you’re working class, Wall Street doesn’t need you or better yet DOESN’T WANT YOU and neither does Corporate America.

I have laid out some of the information from CITIGROUP’S equity strategy memo, re-visiting Plutonomy, the rich getting richer.

You remember CITIGROUP?  The working class bailed them out, right? 

Citigroup Oct 16, 2005 Plutonomy Report Part 1

THE UNITED STATES PLUTONOMY – THE GILDED AGE, THE ROARING TWENTIES, AND THE NEW MANAGERIAL  ARISTOCRACY

I HOPE EVERYONE CAUGHT THAT LAST WORD!

In a plutonomy there is no such animal as“the U.S. consumer” or“the UK consumer”, or indeed the “Russian consumer”

There are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take.

There are the rest, the“non-rich”, the multitudinous many, but only accounting for surprisingly small bites of the national pie.”

No such animal?  Not needed?  We are being cast aside by the Wall St. elites and the corporations.  

“focus on the“average” consumer are flawed from the start. It is easy to drown in a lake with an average depth of 4 feet, if one steps into its deeper extremes.”

These Aristocrats are who the GOP is siding with, not you, not me.  Just the people who are the very wealthy.

To continue with the U.S., the top 1% of households also account for 33% of net worth, greater than the bottom 90% of households put together. It gets better (or worse, depending on your political stripe)

the top 1% of households account for 40% of financial net worth, more than the bottom 95% of households put together.

This is data for 2000, from the Survey of Consumer Finances (and adjusted by academic Edward Wolff)

If the American working class continues to buy into the GOP rhetoric of tax breaks for the wealthy,  this aristocratic future is just around the corner.  The GOP has repeatedly told us, don’t tax the wealthy, they are the ones who create the jobs.

It is the tax breaks that are making this ARISTOCRACY possible,  they are keeping most of their money.  They believe that once they control the wealth, they will control the economy and thus YOU, the working class of America, are no longer needed. 

They will outsource your jobs, whether you are blue collar or white collar.  They will not sell you stuff because economic demand will be concentrated into the hands of the top 2%.

We will become a third world country, like Mexico in no time.

15 Replies to “Why Working Class Conservatives Should Leave The GOP”

  1. Great article, Ray. It’s interesting as this party of aristocratic pretensions busily pads its bank accounts, works to disenfranchise non-property owners and minorities, while lambasting “leftist elites” and claiming the repeal of DADT is due to “rich elites” on the left. Historically, the Republican Party has always had the money and the support of the wealthy. They love wealth, and have no intention of letting all that history go to waste.

  2. How’s that liberal agenda working for the working class? Record numbers on government assistance over 400,000 first time filers for unemployment benefits every week of 2010, and 10% unemployment with another 15% under employed or no longer actively seeking employment. If we don’t pass this stimulus bill immediately unemployment will go above 8% and since then it has been one bill after another must be passed now no time for debate.

  3. Soxfan,
    No comment on your conservatives? No comment on my article, or you just don’t care….willfully ignorant

  4. I find your comment, soxfan4life, interesting.
    Interesting because if this economic crisis had come 1 year earlier, it would have been interesting to see whom the republicans would have blamed for it.
    Just asking.

  5. Guess I will just go back to wishing for those failed policies of the last 8 years where we had 5% unemployment and 52 consecutive months of job growth. Silly me to want that over 3 year unemployment extensions and record numbers on government assistance. Can’t wait to hear the next song and dance over Januarys unexpected rise in jobless numbers and how it is everyone elses fault but the liberals.

  6. Still no relevant comment on the article? Divert and distract…change the subject. Man up soxfan…Give me your opinion on the article

  7. The history of the past 50 years shows conclusively that liberal governance is better for the economy – and for the broadest spectrum of Americans – than conservative governance. Soxfan makes no argument because there is none to be made.

  8. They already found a way to blame President Obama for 9/11 and the Afghanistan War. My guess is they’d still find a way to make him shoulder the blame for the economy. History and facts are small obstacles when you just make things up as you go along.

  9. economy started tanking in 2007 and the wall street crash happened in 2008 while Bush was in office. the housing market crash started in 2006. Unemployment grew under Bush as well.

  10. this must be scary for you Ray but we think alike. I do feel that the entire global plan for America and most of the populations of the world is to be exactly like Mexico. You see Mexico is a very rich country. If you look at their people you would never think that. I worked in Mexico for a period of time and you would not know that it is a very rich country. no one makes much of a wage there as we all know. in fact the people who work at the GM plants have been demanding higher wages and some of that work is now going to China where people will work for nothing for a few more years.

    I have said many times here that I feel that the financial sector is using the Republicans as a shill. The only problem is the Republicans do not understand that once the global financial facets are in control Republicans are no longer needed. I will never understand how anyone votes Republican given the actions of the Republicans in the past 10 years, especially if you have a blue-collar job

  11. Sox, this is going to hurt you but as far as net values go, Obama has already created more jobs than Bush did. Yes, silly you

  12. Trying to reason with people who think Sarah Palin is fantastic, genious, patriot won’t happen. I was one of them for most of my twenty nine years on this earth. But the last two years I have had an awakening. Seeing the frauds on the right defend bp made me promise myself never to vote r again. I think I’m the exception to the rule but I would say five to ten percent of the people your talking to could hear you out and listen to you. I could write a lot but I love your site and will definitly be back. I especially like how you write about palin more than most. I think a train wreck of that magnitude should be exposed way more than she has been. It seems like the left and mainstream media give her to much credit and respect when she deserves neither.

  13. Dont waste your time with the mental midgets. Its funny how predictable what they say is, well not funny actually disturbing is more like it. In their world they have nothing to answer for they are perfect. Regan and Bush senior never happened and the white house hasn’t been republican for eight of the last ten years. No, no its all the evil liberals fault, you know that sells the books, gets you a fifty million dollar radio contract and tv shows, along with hits on your website.

  14. It goes to show that you have been paying close attention. Quiet as it’s been kept, there ARE Republicans who clearly understand that the congressional members of their own party–enabled by some Democrats–are working against the best interests of working people regardless of what our political leanings are. They have even purged their party of reasonable folks with a proven record of accomplishments that help us.

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