Unemployment is 80's Level While Goldman Sachs Made an 80 Percent Gain

As we usher in the New Year the filthy rich are counting their blessings and must be very appreciative of the massive bailouts that protected their wealth. The top one percent of this country control 42 percent of all financial wealth so it shouldn’t come as any surprise that most of the bailouts went to Wall Street and those that are tethered to it for income. As the stock market continues to rally Americans collecting food stamps stands at the highest number ever at 37 million. We also have 27 million Americans looking for work or are simply stringing a few hours together to keep some sort of paycheck coming in. The vast majority of Americans are simply exhaling a sigh of relief that the 2000s are now a thing of the past. Yet if something isn’t changed radically in our system we are bound to enter another financial shock in the near term.
First, the S&P 500 is down a stunning 24.1 percent since the start of the decade. Yet Goldman Sachs managed to pull off almost an 80 percent gain during the same time:

So for the poor average American who simply dollar cost averaged into the stock market as every good corporatocracy banker would tell them, they would have fallen behind someone who simply dollar cost averaged into their mattress. Yet if you happened to dump your money with the government sponsored and back stopped Goldman Sachs you would have done much better. Ironically these bankers are the same people who created the financial instruments that sent our economy into a tailspin.
The average American is finally realizing that much of the corporate power in Washington is doing very little for them and doing more and more for Wall Street. So the stock market over the decade brought negative returns to Americans.
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