The Ever-Increasing Gulf Between Wall Street And Main Street

Sunday, January 17, 2010, AM | Leave Comment

Robert Reich has an article over at huffingtonpost.com that he wrote on January 13, 2010. He has compared the big guys on Wall Street with us folks on Main Street. I thought the points he made were important and “revealing” that I should mention them here, of course with a little twist of my own.

There is an increasingly widening gulf between Wall Street and Main Street and that can be and has been harmful to the psychology of the American public. It seems that it has come to a point that it’s almost impossible to narrow it let alone eliminate it. It seems there is no transparency whatsoever. It has definitely created a mistrust between the two.

  • Big bail-out for Wall Street, unemployment checks for Main Street
  • High profits and giant bonuses for Wall Street, job and wage losses for Main Street
  • Buoyant expectations of Wall Street, deep anxiety and cynicism by Main Street
  • Ever fancier estates for denizens of Wall Street, mortgage foreclosures for Main Street

In a Nutshell

  • Americans went ballistic [Did they really go ballistic?] early last summer when AIG executives got big bonuses after taxpayers had bailed them out.
  • They will not be happy [hopefully will be mad as hell and will not take it anymore] when Wall Street hands out billions in bonuses very soon.
  • Wake up America. Now is your chance to speak up and speak out.
  • Don’t be quiet [no more]. Do something about it.
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