The 40% decline in net worth, as reported to the media, is a lie. Yes, people may have had an inflated unrealized net worth based on bogus real estate valuations a few years ago but to say “bankers” STOLE 40% is ridiculous.

Just like those who lost “millions” when Enron crashed really didn’t lose anything, the net worth exaggeration portrayed recently in the media is just more fuel to get Obama re-elected. Those who “lost” large sums in their Enron 401ks never should have had a balance at the level they claimed because Enron stock was artificially (fraudulently) inflated.

Real estate values, which were inflated to absurd levels because the federal government (finance committee led by Barney Frank), should have never been as high as they were. Thus, the “net worth” of the “middle class” was artificially inflated. Most people used their houses as ATMs, constantly INCREASING their loan amount via cash-out refinancing, spending (i.e. wasting) the borrowed money on depreciating assets like cars, boats and other toys. Add in the fact that many people put ZERO down to purchase the house in the first place, and you end up with people who never had any real equity, just the artificial, on-paper-only, appreciation, now complaining that their net worth was “stolen”.

To blame a phantom group like “bankers” for “stealing” 40% of your net worth is inaccurate in most situations given the facts.

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Services should be restored to acceptable levels.

No new taxes because the elected officials need to learn to live within our means.

We all are in a reduced economy thanks to greedy bankers who have stolen 40% of our net worth in the last few years.

Do not ask for taxes.

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