Sen. Voinovich of Ohio is retiring and has decided to do the right thing for once. He’s been quoted as saying, “I hate banks. If I could strangle [the big] banks, I would.”
Sen. LeMieux is not running for the seat that he was appointed to by Gov. Charlie Crist who is running for the same Senate seat as an independent. Apparently LeMieux is sticking his thumb in the eye of the Republicans and will join his old boss Crist in taking a more populist stand.
The NYSE was up early on modestly improved retail sales numbers but fell in late trading to finish up only slightly. The Tokyo market fell as the Yen continues to rise against the USD hurting Japan’s exports. Gold set a new record high and US Treasuries were also up as investors look for some place safe to park their money.
Wealth distribution is even more skewed toward the masses with only 43% of financial wealth being held by the top 1% and 50% of wealth held by the next 19% and the bottom 80% is hogging 7% of the wealth. These are 2007 numbers and don’t reflect the boom the middle class has been enjoying over the last three years.
Don’t worry rich people, even with the defection of John the Boner of Orange who says he really isn‘t in bed with all those lobbyists and won’t fight for your tax cut, the Senate Republicans have pledged to hold the line against the greedy masses. www.prairie2.com
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