Wednesday, June 13, 2012

Political Historian Clarence Swinney - re Inequality in America

CLARENCE SWINNEY , on June 27th, 2011 at 3:36 am Said:

I have been a political historian since 1991 for Lifeaholics of America. Here is my Bio to show I am no freaknut.
I was amazed to find your forum. It is awesome. It is confirmation of what I believe and write. To bad you cannot replace a Talk Show Host. You are superb and appreciated by this olduglymeanhonest historian.
Phantom Historian
Clarence Swinney is unknown in Burlington as a Political Historian.
He does not discuss politics with family or friends.
In 1991, he was apolitical until he read Haynes Johnson book on Reagan “Sleepwalking Through History”. He voted twice for Reagan and was astonished at all the criminal activities and Reagan policies promoted to cut government but did the opposite. Reagan budgets increased Spending by 80% and Debt by 183%. Reagan had 137 members of his administration investigated/charged with crimes usually about money fraud.

He had never heard the name Bill Clinton until he heard two of three speeches by Clinton at Georgetown University in 1991. He was impressed by the ability to express his views in detail without notes.
He started buying books on politics and has purchased over 500 for his library.
He can verify to have read the equivalent of 1,000(200 page) books in 19 years.
The Google has him listed (3-24-11) with over 300,000 articles. He warns that many are duplication or irrelevant to his writings. His name in your address bar gets 2700 of just his articles He has had articles printed in Business Week, New York Times, Washington Post, Los Angeles Times and many other publications.

His library contains over 500 books, 300 note books filled with data on budgets, debt, deficit,
plus 45,000 pages of articles in his computer file. He has each annual Global Almanac since 1980.
He once had over 200,000 pages stored on pallets in his garage.

He tried to get two books published in 1998. Publishers wanted a huge fee since he was an unknown writer. His two books were : “Clintonomics vs Reaganomics” and “Scumbag Xpress — how to waste 100 million in a failed effort to destroy a presidency”.

He had frequent communication with Gene Lyons of Arkansas Democrat Gazette
and author of “Fools For Scandal-How the press invented Whitewater ”.. Gene co-authored the Book “The Hunting Of The President” which contained information similar to his. It was a nyt best seller.

He has been writing many articles on INEQUALITY IN AMERICA and how Wall Street ultra rich, since 1980, gained control of most of our Wealth, Major Corporations, Media, Banks, Congress and White House.

He writes that today American are unaware of this redistribution of wealth and income that threatens our democracy. Many economists, including former Fed Chairman Greenspan and current chairman Bernanke, have expressed concern over it. it.

Today, 1% own 43% of Total Financial Wealth; 10% own 70%; 20% own 93%; and 80% or 120,000,000 workers own a measly 7%. Since 1980, the top 1% got an increase of 281% in Income and the middle 20% got 25% or less than inflation.

From 2001-2007, the top 1% got two thirds of Total Income Growth and 90% (139,000,000 workers) got 12%. In 2009, the top 1% got 24% of the total individual income. He calls it a third world distribution or a banana republic.

He concludes that this redistribution since 1980 occurred due to many incremental changes and government policies deliberately designed for Wall Street which permitted it to become the world’s largest gambling Casino instead of adding Jobs and Value to the middle class majority standard of living.

Mr. Swinney welcomes comments and lecture requests at: cswinney2@triad.rr.com .
Clarence Swinney Burlington NC

3 comments:

KeyLawk said...

Income disparity between CEO's & average workers in Japan is 11:1, in Germany it's 12:1, in France 15:1, Britain 22:1. In Latin America, with a legacy of latifundia and plutocracy, in Mexico it's 47:1, and in Venezuela it's 50:1.

In the U.S. it is 475:1. This obscenity is a very recent occurrence, resulting from policies implemented by the GOP from the time of the administration of President Reagan in 1981. The wealthy 10% have been relieved of their fair share of taxes, and immediately off-shored the wealth, while cutting jobs. They are the opposite of "job-creators". The best job-creators by far were the middle class small businesses, and they were destroyed en masse during the Bush II administration 2001-2009. That period was the hey-day of Bain Capital and other de-jobbers, the job-exporters.

Anonymous said...

Clarence.

Anonymous said...

Oh, Clarence...