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Chris Hayes Decries Plutocracy

Chris Hayes:

Hayes: This is what plutocracy looks like: Keep in mind we're talking about a fundraiser that cost $50,000 a plate. Fifty thousand dollars also happens to be the median household income in the U.S. So the kind of wealth you need to have to be in the room with Romney is the kind of wealth that means you can just pony up as much money as many Americans make in a year to listen to Mitt Romney trash talk the very people who make in a year the same amount you just ponied up for dinner. 

And what you hear from them is the same kind of whining that was the central theme of the Republican Convention: we're away from our families five days a week. I'm away from my four girls five days a week and my wife. Which made me think of this: You know what this is? It's the world's smallest violin playing just for the waitresses. Except, you know, instead of waitresses insert busy plutocrats. Because these same plutocrats are enjoying possibly their best run ever since the financial crisis, nay since, perhaps, the roaring twenties! The Dow is way up, corporate profits are near record highs, taxes are near record lows, wages are stagnating, unions are fighting for survival and 8% unemployment means that employers have a constant ready supply of excess labor, which keeps wages and demands down. More or less a capitalist paradise.

The Koch brothers, to choose just one example, have seen their own net worth nearly DOUBLE, from $32 billion to $62 billion under the tyrannical, socialist, re-distributive regime of Barack Hussein Obama.

And yet despite the fact that Obama has managed a recovery that has been exceptionally good to them, Wall Street is incensed that anyone would call them fat cats or sign new financial regulation. In almost every way conceivable they inhabit an alternate universe. And everyone's pretty frank about that.