Senator Bernie Sanders’ heroic and historic eight and a half hour speech is summed up nicely in Newsweek
“Today, in terms of wealth as opposed to income, the top 1 percent now owns more wealth than the bottom 90 percent…. The top 1 percent has seen a tripling of the percentage of income they earn. Since the 1970s, the top 1 percent owning 23 percent of all income, more than the bottom 50 percent. The top 1 percent now owns more wealth than the bottom 90 percent. That is not the foundation of a democratic society.”
It’s an analogous moment for the left to the TARP bailouts for the right, which sparked the Tea Party movement. In and of itself it is something they should grudgingly accept because the alternative — prolonged economic woes — is worse. And, indeed, the deal is expected to win a vote in the Senate today. But it stinks, and to liberals it feels like the final straw.
