Doug's Darkworld

War, Science, and Philosophy in a Fractured World.

The money-changers are holding the economy hostage, and our leaders say we should agree to all their demands. What would Jesus do?

with 5 comments

Outraged yet? You should be.

Outraged yet? You should be.

I woke up this morning and the enormity of the $700 billion “bailout” finally sunk home. This is, simply put,  a $700 billion tax break for the rich. This is the largest upwards transfer of wealth in history. This is easily the most brazen crime ever committed, with a straight face our “leaders” are asking us for $700 billion to give to the banking and finance industry. Nearly three decades of deregulation and tax cuts for big business, and now they need a bailout on the backs of the American worker? This is a crime, this is madness. Yes, this is in fact, really serious.

Since the Reagan era America has been a land of opportunity for the wealthy. Tax cuts, deregulation, and a compliant Congress allowed them to prosper as never before. There is no doubt that since the eighties the USA has seen one of the greatest upward transfers of wealth in history. The people at the very top own a vast percentage of America’s wealth, and it’s been growing vaster for decades. This isn’t debatable, this isn’t in doubt, this isn’t some conspiracy theory…this is plain unvarnished fact. The last few decades has been a gilded age for the people at the top in America, anyone who says otherwise is a liar or a fool.

Now don’t get me wrong, I don’t have a problem with the rich being rich. There’s nothing wrong with working hard, being successful, and making a lot of money. The problem I have is with what the rich do with their ever increasing share of the wealth. If they were building factories, farms,  and mines, in America, it would be a good thing. The rich could also invest in alternate energy, research, infrastructure and a whole host of other ventures that would not only make them richer, they would create wealth and jobs for the rest of us. This is not what they have done. Again, this is not debatable in any honest way.

Instead of investing in America, many of the wealthiest turned Wall Street and America’s centralized financial system into a giant casino, where the game was always rigged in favour of the house. They piled up a huge amount of paper money, money that was creating basically by moving money around and then borrowing against it. And they especially created money every time they loaned out money, so money was loaned out willy-nilly. And now that it is clear they irresponsibly loaned out money to people who don’t  have the ability to repay, the taxpayer is supposed to buy these “toxic debts” so that the financiers can keep the enormous profits they have made the last few decades? This is literally $700 billion of pork for the finance industry. Usually at least pork puts some locals to work, this just puts a tax bill in everyone’s pocket. And allows the money changers to keep running the show.

This is not a Democrat issue, or a Republican issue, this has nothing to do with conservatives or liberals.  This is not about the elections or the debates. This is our so called leaders sticking us, the American public, with the biggest tax hike in history. And then they will give the money to the people who made this mess in the first place. Holding the economy hostage unless we pay them is extortion, and Bush  and Congress want to simply pay the blackmailer’s off? We should be freeing the economy from the money changers, not paying them off. I’m not stupid, I know what happens when a blackmailer gets paid…they just come back later for more.

Anything is better than simply handing seven hundred billion dollars to the people who said everything was fine a few weeks ago. It’s not too late America, if we don’t act today and stop this bailout for the  banks, we will no longer be hostages tomorrow. We will be slaves. Am I exaggerating? Not really, by many standards this is the most extreme proposal in US history…and if we let it happen it will be the greatest example of putting good money after bad in history. Not to mention the greatest theft in history.

Wake up America, it’s time to vote the bastards out.

And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves,

And said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of thieves.

Matthew 21:12-13

(The above image is claimed as Fair Use under US copyright law, it is not being used for profit. The text of this article may be freely reproduced for educational purposes so long as it it properly attributed to Doug Stych. I know this is a rapidly emerging story, the reason they are in such a hurry is to pull the wool over our eyes. I don’t give a rat’s ass what Congress agrees too, the American people shouldn’t put up with this.)

Written by unitedcats

September 25, 2008 at 1:48 pm

Posted in Bush, Business, Politics

5 Responses

Subscribe to comments with RSS.

  1. Oh, Doug, come on. We’re not rescuing yachts for jetsetting playboy kids. We’re not “bailing out the rich.” What we’re doing is rescuing banks that were stupid enough to sell Americans who were equally stupid enough to buy what they couldn’t afford.

    The auto industry, the airlines, rails, and every other industry that’s about to go Soviet here is in the same situation. They’ve been retarded for years, but it’s been because I flew 175,000 miles in 2005 rather than using teleconferences, because my neighbor owns a Tahoe and a RX400, and because (inter-city) rail hasn’t been an effective means of transportation for decades.

    If we don’t bail them out, they fail. And it’s really hard for me to get to Seattle. And it’s really hard for all those people in Detroit when General Motors goes tango uniform. Think the LA riots were bad back in 1992?

    And let’s not forget also that the Fannie/Freddie thing is the government taking back organizations that were previously theirs and have been horribly mismanaged. The expression used in the dark ages in Europe was so-and-so would be “a head shorter.”

    Approximately, that’s what’s going to happen here. A bunch of executive beheadings. A lot of them have lost a ton of money. And the government is doing patently illegal things, in a desperate move to save this country from certain panic and riots.

    We can make it to alternative fuels and video conferencing and virtual offices, but we need a decade to get there, and a shock like this, to compel us. It’s not as if everyone sees a $700B price tag and thinks, hm, I’m going to go craigslist my Tahoe and buy a motorcycle (yep, I ride a 250cc).

    And, yeah, the taxpayer takes it square in the shorts. But, then, it was the taxpayer who had so much hubris as to take on the debts that they did, and insist on buying things they couldn’t afford, like those McMansions that have defiled what was previously beautiful countryside. Yeah, I’m even blaming suburban sprawl for all this crap (my commute is 2 miles, on surface streets).

    Blaming the rich, or blaming the government. How preposterous. The blame lies right on you, and right on me, whether either of us likes it or not. And now we get to pay. Get used to writing mortgage checks to banks in the Arab Emirates and Shanghai and buying Korean cars (or scooters!!).

    Suggest: Sheep Look Up by John Brunner. Open your eyes, man.

    Alex J. Avriette

    September 26, 2008 at 6:35 am

  2. Now that does paint everyone with a broad brush now doesnt it? ‘We’ were all careless fools?

    This is a Govt. that had a policy of pushing homes on the poor, and started under Clinton BTW.

    Then Bush pushes a 1% interest policy.

    No, the disaster was brought on by the governemnt, they are the last people who could fix it!

    Throwing money doesnt change the policy, or stop the ‘riots’ in the end. At best the problem will be delayed.

    No, more of the same like throwing money at gangsters is going to be the problem. We all take our medicine now, before the dollar gets ruined by printing trillions more..

    And most important of all IMHO is the notion of having someone beyond the law, indemnified from an entire branch of our government? Can you say ‘unconstitutional’ ? LOL

    E

    ET

    September 26, 2008 at 9:41 am

  3. Pitchforks and torches at dusk, men!

    Ric

    September 26, 2008 at 3:31 pm

  4. This is just the beginning folks…this will cost the taxpayers trillions in the end because it is like dominoes…

    Time for the sheeple to wake up and do what our forefathers would have done…refuse to pay taxes

    Ann

    September 29, 2008 at 6:31 am

  5. I would go with the poor as they too need justice to some extent. Doesn’t mean, I’m against the rich getting richer.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: