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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Relaunching the NC 2012 Fundraiser! | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="iIfFEapIvV"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/11/relaunching-the-nc-2012-fundraiser.html"&gt;Relaunching the NC 2012 Fundraiser!&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/11/relaunching-the-nc-2012-fundraiser.html/embed#?secret=iIfFEapIvV" width="600" height="338" title="&#x201C;Relaunching the NC 2012 Fundraiser!&#x201D; &#x2014; naked capitalism" data-secret="iIfFEapIvV" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Regular readers may recall we suspended our 2012 fundraiser, which started right before Hurricane Sandy. We want to express our deep appreciation to those of you who have donated thus far.  Many of the things we talked about when we launched our first fundraiser last year are still true: the elites, who have shown little regard for how their misrule has hurt ordinary citizens, still have a firm grasp on the reins of power. The global financial crisis imposed tremendous costs on investors and society at large, via unemployment, a housing bust, plunging tax revenues, cuts in government services and increasing political discord. No one in a position of influence before the crisis has been punished or even suffered much. In fact, as Matt Stoller has pointed out, the rich became even richer, with 93% of the gains in income under Obama going to the top 1%.   So it isn't surprising that what passes for leadership in the US is gearing up to provide us with more of the same, since it has worked out so well for them.</description></oembed>

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