Comments (32) (Please sign in to comment)

1. 

   Radish said, 11 months ago

   It went into someone elses pocket.
2. 

   Breeana said, 11 months ago

   Reverse Robin Hood.
3. 

   masterskrain said, 11 months ago

   @Grainbelt

   I don’t mind them having a place to live…it’s when they either start insisting on solid gold faucets in the bathrooms, or insisting on 5 DIFFERENT places to live that I start to get a bit miffed…
   Kinda like the other great class of fraudulent rip-off artists…T.V. “Evangelists”!
4. 

   momsaid said, 11 months ago

   The banks forced people to buy houses they couldn’t afford? When did this happen? How did they get so much money, if people didn’t pay their mortgages? …oh, yeah…bailouts from taxpayer money! Now, gov’t wants to dictate that they give more sub-prime loans, with low chance of repayment. How long can this continue until the bottom drops out completely?
5. 

   TheTrustedMechanic said, 11 months ago

   And don’t forget that when most of the middle class wealth was derived from the value of their homes, and that value was artificially high, did they really lose that portion of their wealth? Or was their wealth really only a mirage?
   .
   That is NOT to say the point of the cartoon isn’t valid. The bankers, wall street tycoons and so many others at the top are doing just fine and never really suffered a recession. Meanwhile the rest of us “normal” folks are still suffering, and some much worse than others. But we are still suffering just the same.
6. 

   TheTrustedMechanic said, 11 months ago

   Here you have it, the redumblican utopia, and mitt’s just the guy to get us there.
7. 

   mikefive said, 11 months ago

   @TimeWeaver It wasn’t just the bankers that were trying to push people into homes they couldn’t afford. In 1995 the Veterans Administration told my wife we could afford a $276,000 home. Interest rates then were at 8%. My budget at those rates said $100,000. The VA had my wife absolutely convinced we could afford it. My net pay was around $32,000 a year. Interest alone on that mortgage would have been $22,000. Add payment on principle and normal living expenses to that number, and you have the formula for bankruptcy and foreclosure.
8. 

   masterskrain said, 11 months ago

   I guess my perspective is slightly skewed, since I have 8 acres of riverfront property, with a nice 2 bedroom modular home on it, and it’s all paid off. I checked my records a while back, and the house, the land, the well, septic, and everything came to about $34,000.
   My CAR cost more…
   BTW, my property taxes are about $275 a year…
   I guess I’m lucky.
9. 

   tcity said, 11 months ago

   I just want to share this quote from Sen. Bernie Sanders (I-VT) on 6/18/12.
   -
   “This country does in fact have a serious deficit problem. But the reality is that the deficit was caused by two wars – unpaid for. It was caused by huge tax breaks for the wealthiest people in this country. It was caused by a recession as result of the greed, recklessness and illegal behavior on Wall Street.
   And if those are the causes of the deficit, I’ll be damned if we’re going to balance the budget on the backs of the elderly, the sick, the children, and the poor. That’s wrong.”
   -
10. 

    TheTrustedMechanic said, 11 months ago

    @tcity

    Ah, that’s just fantasy. Just ask any republican. It’s all Barry’s fault, they’ll tell ya.
11. 

    Ms. Ima said, 11 months ago

    Obama says: MISSION ACCOMPLISHED!
    Now he’s after getting 90% of millionaires incomes. Except for the elite hollywood actors, politicians and sports heros.
12. 

    Wabbit said, 11 months ago

    This happened mainly in the crash of 08. The 1% pocketed the money that used to go to the middle class in raises, and benefits.
    If the corporations and 1% pay their fair share, gave people raises, and benefits back then the middle class could bounce back.
    The charts show that no republican president left office with under 5% unemployment rate. While all but 1 democrat left office with much lower % of unemployment.
    To blame president Obama for this is like blaming the fireman working on the mess the arsonist left.
13. 

    motivemagus said, 11 months ago

    @Ms. Ima

    Cut back on the meds, Ima, you’re hallucinating again.
14. 

    pirate227 said, 11 months ago

    Credit default swaps, ’nuff said.
15. 

    dtroutma said, 11 months ago

    The REAL problem was those housing prices were balloons filled with hot air from banks and “financial institutions” that never should have been allowed to come up with things like “hedge funds”. The bushes never got trimmed, but the public certainly did. The balloons popped, and the folks were stuck with another broken rubber, after being screwed. Now they have to live with the offspring, as the “daddy banks” have skipped out on child support.
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