"Fair And Balanced"... And Benefiting Just 20% Of Americans

Tyler Durden's picture

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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hawk nation's picture

The new american free market is now called the blackmarket and is growing at a 10% GDP

plata pura's picture

its all figured in