Bailout Is Capitalism Murdering Democracy
The Wall Street bailout bill is a lot of things -- a giveaway, a heist, a legislative manifestation of crony corruption. But it's structure is pure authoritarian capitalism.
The Wall Street bailout bill is a lot of things -- a giveaway, a heist, a legislative manifestation of crony corruption. But it's structure is pure authoritarian capitalism.
The new legislation simply states that the federal government can no longer report awards to publicly traded companies as small business awards.
It is popular these days to blame our economic troubles on the greed of corporate CEO's. Yet we have to face up to the reality that we are ourselves major culprits in this financial fiasco.
This suggests to me is that even parts of the Establishment and the business community are waking to how the intersection of kleptocracy and this bailout bill could continue to undermine confidence in the economy.
Both men used the same strategy: scare them into an arms race which they couldn't afford and which would undermine the very fabric of their economic, social and political system.
Our ability to weather many of the country's gravest challenges, like World War II, depended upon government and industry working together to advance the public interest.
As the leaders of our country's oldest, largest and most prestigious financial institutions plunged our economy into a near 1929 style depression; the...
"While the Democrats have been ascendant in recent years, they have entered into a Faustian bargain. They're gaining seats, but in doing so they've made compromises."
Why stop with Wall Street? There are plenty of other crises for which McCain could come to the rescue. Take the New York Mets, for example.
If there's going to be a bailout, bailout from the bottom and let the benefits trickle upward. The ruling class can't imagine how things would work for them if we did that.
Instead of the handing those who created the Sub Prime Pyramid Scheme a TRILLION of our dollars, we demand a NEW New Deal that invests in the country that our children will inherit.
Under the right set of circumstances -- like impending balloting on their re-election -- Congressmen do respond to public outcry.
Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to
band-aid on a broken leg..
http://grantlingel.blogspot.com
Did Bush attach a signing statement to say he will do whatever the hell he wants anyway?
"they're dire language"
Please -- THEIR dire language.
Why can't we have a smaller government that doesn't have their fingers in everything? I want a government that has a nonintervention policy in other countries and allows the free market to deal with problems in the economy.
No bailouts, no rescue plan. Let's say no to saving the wealthy, say no to continued overborrowing, no to dependence on credit, no to usury, no to putting more massive debt on the backs of our children and grandchildren. Let the private money interests save themselves. Fund Social Security, fund health care, fund education, pay livable wages, fund heating for the cold this coming winter, fund food for the hungry. Let's get our priorities straight, now. No bailout for the wealthy. No welfare for the wealthy. No more corporate welfare. Let's have a democracy and help people instead of monied interests.
AGREED
You must be logged in to reply to this comment. Log in