"Fair And Balanced"... And Benefiting Just 20% Of Americans
In 28 seconds, Bloomberg TV's Scarlet Fu explains who really benefits from the 'deal' and Bernanke's ongoing 'wealth effect' policy. Simply put, taxes on 77% of Americans go up... and 20% benefit. "Fair-and-balanced" indeed.
And Blackrock's Larry Fink summed it all up nicely from about 1:40 in this clip: "The American People are the Big Losers In The Cliff Deal"
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