America's National Public Radio had a teary story on the effects of rockets launched from Gaza by Hamas on the samll Israeli town 2km away. A sad story no doubt. A mother on valium; her children frightened, suffering mildly by the fear that a rocket may blow them up. A human interest story. But where is the human interest story about the Israeli airforce's bombs that blow up innocent Palestians in Gaza; or children shot by an invading army; or the economic blockade which is reducing the population to a starvation level; or the sealing of borders denying fuel for heating and electricity...so on and on and on...? Well you just won't get it on NPR. The American mantra is Hamas is evil, so those living under its governance are by extension guility...and thus Israel violates international agreements it signed by enforcing collective guilt. And the US hardly breathes a word unless Israel is condemned by the UN and then Washington will either exercise its veto which it has done many times in the past to save it's client's arse...or will twist arms to water down any harsh criticism of Israel.
Gold Meir the tough broad who was Labour's prime minister famously quipped, the Palestinian people, there is no such thing. And every government left, centre, and especially the right is guided by a Zionist ideology drived by racism and nationalism, not unlike the fascists in Europe of 80 years ago. Israel can not apply a final solution to what they call Judea & Samaria or the west bank or Palestine let alone Gaza, but by gosh they're going to try to turn them into a servile helot population, and the world can like it or not. Well, Olmert & co who are direct descendents of Beta the Zionist fascist movement of the 30's, you simply forget a simple lesson which the Vietnames taught the American. Oppression breeds resistance, and which is poetically put in the tale of the elephant and the ant to celebrate the defeat of the mighty Ming emperor at the hands of the peasant Vietnames.
Wednesday, January 23, 2008
Condy Rice swats a White House North Korean gnat
Jay Lefkowitz mini mouse Bush's hit man on human rights in North Korea buzzed an ill tempered tune in Condy Rice's ear. You're policy of negotiations with Pyongyong on dismantling North Korea's nuclear programme has failed. Hold Kim Jong il's feet to the fire on his regime's horrific record on human rights to get results. Rice told him to bugger off. Lefkowitz is but the front man for the right wing best exemplified by the late, but unlamented man at the UN John Bolton who wanted as Lefkowitz does, an in your face approach to North Korea. It didn't work then...if anything it pushed Kim & co. to go on and build a nuclear bomb.
North Korea is late in turning over a full laundry list of its nuclear plans and projects as it said it would by 31 December 2007, but Rice and Chris Hill her chief negotiator with Pyongyang says that in the spirit of the agreement North Korea has complied with its promises. Still, Pyongyang is dragging its feet on meeting its full obligations. No one really asks why. The standard, ordinary, ho hum explanation is that North Korea is like that...No one tries looking at it from Pyongyang's eyes: direct negotiations which Washington denies it has with Pyongyang has brought much success, and as a result North Korea has shut down its nuclear enriching plant[s], but as a collilary to that, the US assumed other obligations which it has not lived up to. Add to that, the election of a hard liner new president in South Korea: Lee Hyung bek who is scrapping the Sunshine policy which has lessened tensions on a divided Korean peninsula, opened wider doors of trade, and other joint projections. So, confronted with a new right thrust against it, North Korea is stalling...yet all hope is not lost. Remember the New York Philharmonic is coming to play in Pyongyang in 3 weeks, so a breakthrough is possible. Otherwise Kim & co. will play for time which raises other questions since they may be hoping a new president in the White House in 2008 might usher in a new spring of understanding. Maybe yes; maybe no. By then the American economy may very well be in a more hopeless state than it is today. Nonetheless the US has had 15 years of negotiating with Pyongyang; it surely learnt something about the ins and outs of its style. If it has not...well so much the sadder. Rice & Hill are exhibiting patience and calm which is saying something. Lefkowitz although rebuked isn't chastened, and so the shadow play that the right in the White House will play itself out behind the scenes.
North Korea is late in turning over a full laundry list of its nuclear plans and projects as it said it would by 31 December 2007, but Rice and Chris Hill her chief negotiator with Pyongyang says that in the spirit of the agreement North Korea has complied with its promises. Still, Pyongyang is dragging its feet on meeting its full obligations. No one really asks why. The standard, ordinary, ho hum explanation is that North Korea is like that...No one tries looking at it from Pyongyang's eyes: direct negotiations which Washington denies it has with Pyongyang has brought much success, and as a result North Korea has shut down its nuclear enriching plant[s], but as a collilary to that, the US assumed other obligations which it has not lived up to. Add to that, the election of a hard liner new president in South Korea: Lee Hyung bek who is scrapping the Sunshine policy which has lessened tensions on a divided Korean peninsula, opened wider doors of trade, and other joint projections. So, confronted with a new right thrust against it, North Korea is stalling...yet all hope is not lost. Remember the New York Philharmonic is coming to play in Pyongyang in 3 weeks, so a breakthrough is possible. Otherwise Kim & co. will play for time which raises other questions since they may be hoping a new president in the White House in 2008 might usher in a new spring of understanding. Maybe yes; maybe no. By then the American economy may very well be in a more hopeless state than it is today. Nonetheless the US has had 15 years of negotiating with Pyongyang; it surely learnt something about the ins and outs of its style. If it has not...well so much the sadder. Rice & Hill are exhibiting patience and calm which is saying something. Lefkowitz although rebuked isn't chastened, and so the shadow play that the right in the White House will play itself out behind the scenes.
Tuesday, January 22, 2008
The economy -- Bush, no, Hillary & Edwards si, & Obama hedges his bets
Volitility in the world's financial markets. Turmoil in the capital markets. A growing recession in the US. A cutback by American consumers on bad habits which pulled the economic growth here and there and especially in emerging markets. A desperate and almost unheard of 0,75 per cent cut in the Fed prime rate to buoy up the NYSE, so that the tumbling Asian and European markets rebound, and also to give some weight to mini mouse Bush's anemic influsion of us$170bn into the US economy.
Utter confusion. Panic, you might say. David Frum, the former dolthead Bush speech writer, the man who gave him the facile 'axis of evil' hook, Frank Rich in his Sunday 'New York Times' op ed musings, cited this passage from Frum's new book 'Comeback' that the rich kid Bush 'had led his party to the brink of disaster; and cost it 'a generation of young Americans'. Well, Herr Bush has led his country to the end of the rope, and sacrificed almost 4000 Americans on the battlefields of his lying war in Iraq. He has not a whit of feeling for his suffering citizens unless they belong to his class and caste of bloodsuckers, coupon clippers, the vermin of his clique of cronies...in brief, the super rich. He has no remedy short of the same old, same old to rescue them...permanent tax cuts, lowering capital gains and abolishing inheritance taxes, etc. etc. etc. If you look at Hillary Clinton and John Edwards they want to use the government as a prod for fairer income distribution, for putting the mass of the un and under employed back to work, for rescuing homeowners who are going to be thrown out on the street owing to the subprime scam practised on them, for tilting towards taxing the rich, which include Clinton and Edwards, so that they pay their fair share, and establishing a crash course of new and fair deal like programmes to jumpstart an economy which has run into a brick wall. In a word, to undo the great harm the sainted Ronald Reagan has caused by favouring the rich and starving the rate payers so that roads buckle, bridges collapse, crime soars, education dumbs down, puts the burden of eke ing out a living by two parents causing untold harm on family life, so on and on and on. The grey old lady of journalism 'the New York Times' ironises on Clinton's and by extension Edward's appel of popularism which makes it sound bad. The newspaper of note is a multimillion dollar corporation whose interests lie in Bush's camp. [And lest we forget, young Salzburger the publisher met with Bush before the 2004 elections and promised to hold back info which would affect Bush's 'landslide' victory!]As a company run on capitalist interest, don't tell 18Brumaire that Salzburger & his swine do not understand that the US government favours the capitalists by either subsidising or giving them whopping tax cuts. So, if Clinton and Edwards want to right Bush's wrongs, what's so funny about using the government to make the rich and the corporations with fat earnings cough up what they really owe the American people? And now to Obama who is smarting because he praised the ogre Ronald Reagan. Every Republican candidate is trying to distance himself from the hated Bush, so he is looking to don the mantle of a second rate actor and president. Obama tries to wear that cloak even though he says that he disagrees with the nefarious policies of that man. Shame! In his fervour to include everyone Obama has to move to the right, and his platform on issues like healthcare are resounding proof of his conservative nature. As the heat of losses in primaries mount, the junior senator from Illinois is beginning to show a nasty side and his melliflous flow of sweet words has turned brackish and very sour. So it is not with an ounce of exaggeration that 18Brumaire says, he is playing two sides of the street. He wears proudly the armband of business as usual.
Utter confusion. Panic, you might say. David Frum, the former dolthead Bush speech writer, the man who gave him the facile 'axis of evil' hook, Frank Rich in his Sunday 'New York Times' op ed musings, cited this passage from Frum's new book 'Comeback' that the rich kid Bush 'had led his party to the brink of disaster; and cost it 'a generation of young Americans'. Well, Herr Bush has led his country to the end of the rope, and sacrificed almost 4000 Americans on the battlefields of his lying war in Iraq. He has not a whit of feeling for his suffering citizens unless they belong to his class and caste of bloodsuckers, coupon clippers, the vermin of his clique of cronies...in brief, the super rich. He has no remedy short of the same old, same old to rescue them...permanent tax cuts, lowering capital gains and abolishing inheritance taxes, etc. etc. etc. If you look at Hillary Clinton and John Edwards they want to use the government as a prod for fairer income distribution, for putting the mass of the un and under employed back to work, for rescuing homeowners who are going to be thrown out on the street owing to the subprime scam practised on them, for tilting towards taxing the rich, which include Clinton and Edwards, so that they pay their fair share, and establishing a crash course of new and fair deal like programmes to jumpstart an economy which has run into a brick wall. In a word, to undo the great harm the sainted Ronald Reagan has caused by favouring the rich and starving the rate payers so that roads buckle, bridges collapse, crime soars, education dumbs down, puts the burden of eke ing out a living by two parents causing untold harm on family life, so on and on and on. The grey old lady of journalism 'the New York Times' ironises on Clinton's and by extension Edward's appel of popularism which makes it sound bad. The newspaper of note is a multimillion dollar corporation whose interests lie in Bush's camp. [And lest we forget, young Salzburger the publisher met with Bush before the 2004 elections and promised to hold back info which would affect Bush's 'landslide' victory!]As a company run on capitalist interest, don't tell 18Brumaire that Salzburger & his swine do not understand that the US government favours the capitalists by either subsidising or giving them whopping tax cuts. So, if Clinton and Edwards want to right Bush's wrongs, what's so funny about using the government to make the rich and the corporations with fat earnings cough up what they really owe the American people? And now to Obama who is smarting because he praised the ogre Ronald Reagan. Every Republican candidate is trying to distance himself from the hated Bush, so he is looking to don the mantle of a second rate actor and president. Obama tries to wear that cloak even though he says that he disagrees with the nefarious policies of that man. Shame! In his fervour to include everyone Obama has to move to the right, and his platform on issues like healthcare are resounding proof of his conservative nature. As the heat of losses in primaries mount, the junior senator from Illinois is beginning to show a nasty side and his melliflous flow of sweet words has turned brackish and very sour. So it is not with an ounce of exaggeration that 18Brumaire says, he is playing two sides of the street. He wears proudly the armband of business as usual.
Saturday, January 19, 2008
Obama cast as Ronald Reagan
Barak Obama spoke glowingly of the sainted Ronald Reagan who saw the signs of the times, offered hope, and went on to drive the US into stagflation, illegal arms dealing with Iran to fund a secret war in Nicaragua, and live to see the 1987 krash of the stock market. A fund and fun loving man who took government off our backs, but turned America more into a welfare pool for the rich, whilst the rate or taxpayer shelled out more money and saw the rusting of his town's industry, the collapse of his roads and the deteroriation of his schools, and the sharpening of ethnic and racial strife, and push the country into further militarisation.
Obama spoke highly of Reagan because he offered hope! Obama suffers from the American disdain for history or for delving deeply into the policies of Herr Reagan, who after he left the White House didn't think it unethical to accept a us$3m bribe by Sankai a right wing Japanese media conglomerate with interests in the US. Is Obama that naive? It seems so. He likes to think of himself as a uniter. Although he may bring people from all walks of life together, in political terms to keep them together he has to favour the more conservative element. And reading his speeches and his campaign literature, this concern bears itself out. Leahy from Vermont called him a second Bobby Kennedy...that's wrong...Obama has the aura of a JFK who as the record shows was a weak president who was forced to the wall to act. And that is how Obama will govern if elected president.
Obama spoke highly of Reagan because he offered hope! Obama suffers from the American disdain for history or for delving deeply into the policies of Herr Reagan, who after he left the White House didn't think it unethical to accept a us$3m bribe by Sankai a right wing Japanese media conglomerate with interests in the US. Is Obama that naive? It seems so. He likes to think of himself as a uniter. Although he may bring people from all walks of life together, in political terms to keep them together he has to favour the more conservative element. And reading his speeches and his campaign literature, this concern bears itself out. Leahy from Vermont called him a second Bobby Kennedy...that's wrong...Obama has the aura of a JFK who as the record shows was a weak president who was forced to the wall to act. And that is how Obama will govern if elected president.
CDO's, ABS, CDS and the fine ponzi scheme of investment banking
For the listners of the BBC, they have heard an unpleasant 20 minutes of 3 investment bankers' idle chatter on SDC [securitised debt colleratal], which is the big killer in the ponzi scheme which the collapsing housing market has brought down on our heads, and threatens the US and to a less extent the UK banking systems. BBC listeners would hear of 'shadow banking'-- unregulated banking practices which the toilet bowl cleaner Alan Greenspan and the venal US Congress and White House allowed to flourish and thrive and rake in very, very handsome profits. The BBC questioner hardly got more than a plummy opinion of the tailor made suited, manicured bankers who engaged in aery persiflage and the wooden language of business schools. Listeners had an earful of theoretical models well which ultimately didn't work in practice. Nonetheless listeners got the idea: they got the drift of the huge scam that the banks and negligent government regulators permitted to be played on even the high rollers of private wealth. Dodging questions these bloodsuckers of finance capital admitted no wrong, deep concern, and one even went so far as to boast that his firm had made money off the subprime meltdown which these so called sophisticated instruments encouraged. They all denied that they had fingers in the fraud, with all sorts of caveats as to how the situation is not that bad; that even the bad debts can turn a dollar or a euro in profit, so on, and on, and on...till you want to vomit. What it boils down to is the old banker's complaint: when business is good we get our dollar, but when it's bad, we hold out our tin cup for the exchequer to fill and rescue us from our own sins. Of course these financial wizards of fraud won't ever admit this...they see a rose sky at night...they will continue to see snake oil, but the damage is done...and ultimately the regulators will be forced to tighten the noose around these vermin.
A shot in the arm
The world's press show the same picture: Mini mouse George Bush with gloomy, mean spirited Cheney and mournful Paulson behind him, at a press conference announcing a shot in the arm of us$145bn to stave off recession. They all look as though they are sitting shiva'h at neoliberal capitalism wake. Tomorrow's Sunday 'New York Times' magazine has a picture of the bathroom attendant Bernanke chief chimney sweeper at the US Fed, in a statesman like pose and under him a capition, 'can he keep us from recession'. What a meaningless string of words, for the US is in recession and the end is hardly in sight. It's a downwards business cycle which neither the puny measures of doltish Bush and his hired hands of Wall Street can do much for, the more especially they have favoured policies and measures which have bred the current crisis. Will a tax cut of us$600 this year help the poor sod who is losing his house? or his job? or paying off a mountain of consumer debt?
If wooden head Bush had any courage he would have put America's capitalism on life support and ballooned the debt to the roundly sum of us$2 trillion, get out of Iraq, and push for the ending of deep tax welfare cheques for his super rich class. Well he won't, and since he's hardly an ounce of brains of his blood sucking class the economy is going to spin out of control and the country will go deeper into recession.
Yes, Bush & his acolytes have much to worry about, to save the privileges of the super rich whom they favour. They do not care a whit for the 99 per cent of Americans who in varying degrees sweat to survive. America's capitalism is at a turning point, but which way it is going to go is a matter much in doubt...probably to further militarisation internally to keep the restive natives in line.
If wooden head Bush had any courage he would have put America's capitalism on life support and ballooned the debt to the roundly sum of us$2 trillion, get out of Iraq, and push for the ending of deep tax welfare cheques for his super rich class. Well he won't, and since he's hardly an ounce of brains of his blood sucking class the economy is going to spin out of control and the country will go deeper into recession.
Yes, Bush & his acolytes have much to worry about, to save the privileges of the super rich whom they favour. They do not care a whit for the 99 per cent of Americans who in varying degrees sweat to survive. America's capitalism is at a turning point, but which way it is going to go is a matter much in doubt...probably to further militarisation internally to keep the restive natives in line.
Friday, January 18, 2008
Would you buy a house or a used car from Bush or Bernanke?
No, 18Brumaire definitely wouldn't. The economic downturn in the US has reached a point where government statics which can be twisted and turned to prove falsely that we're having two chickens in our pot, are showing that the economy is in recession--how deep? is another matter, and that the subprime mortgage ponzi scheme has collapsed and that debacle is hurting the super rich which Herr Bush and his toilet bowl cleaner Alan Greenspan favoured, and to whom the men's bathroom attendant Benanke does too. Mini mouse Bush and non chalent Benanke who till a day or two ago sold the snake oil of economic recovery, are now forced by the laws of capitalism to ride to the rescue of the uber rich whose wealth and interests the downward business cycle threaten. Don't expect the likes of a Donald Trump or a member of the Walton family or a George Steinbrenner to jump from a tall building as the plutocrats did in 1929...no Herr Bush is riding on his old, tired nag of croney capitalism to the rescue. He's willing to for[e]go his tax cuts which have filled the deep pockets of the rich with filthy ill gotten gains, and throw some crumbs to the small people who are being thrown out of work, house, and home; who are tightening belts tighter to survive; who have no healthcare, no funds to pay for children's education, no nothing in a country with fabulous wealth. Why? Bush has thrown all his weight to his class and dismissed with his sickening accent any concern for those not to the manor born or who have money. Fifty million Americans have no healthcare, because the laws favour a greedy health insurance industry; cannot pay university fees because government money goes to college endownments; no parks, no day care centres, why? for the simple reason dumb officials whom we put in office get big kickbacks from corporations and to whom they give tax money free. No real jobs. They're outsourced, and by outsourced, 118Brumaire means white and blue collar jobs. With a weak dollar and we've not seen this in the press yet, outsourcing is turning into a nightmare for the companies who kicked Americans out of work, for higher profits in lands where you pay the locals a pittance. Why? outsourcing has increased costs by 50 per cent...And on and on it goes...So gentle readers, it's a 'sauve qui peut'! or a scramble for the rich to have their creatures in government like dolthead Bush and broomsweeper Benanke to throw them a life line. And for the 150 other million Americans...from the poor to the middle class and to the upper middle class...well we will get a pittance at that and bromides to be strong and face the hard times on our own without the relief of our taxes which go to the super rich who never play their full share. Let the wrath of the people fall on the head of the verim like Bush & his rotten barrel of big fish!
Thursday, January 17, 2008
More bad news for banks
Me oh my the financiers in the US are deeper and deeper in the fecal matter they hawked as subprime mortgage instruments. CitiGroup wrote off at year's end for the final quarter us$20m; Merrill with write off almost as much; JP Morgan slightly less...and so it goes. UBS the Swiss bank has shut down its private investment arm for rich Americans who wanted to place their ill gotten gains somewhere which would bring in high returns say 20 to 30 per cent, and are now hollering foul because they lost a sizeable but hardly a death knell bundle on subprime mortgages.
And as 18Brumaire wrote, which is only saying the obvious, these slick bankers are selling their souls and their power to foreign states and banks in straightforwardly manner in exchange of billions in liquidity. Commonly stated in the press, the foreigners have non voting shares. Let's call a spade of spade here! Non voting rights means if these sovereign funds and banks think that the Americans are not tending their money well, they're going to turn the screws on them till the bankers act in the way the foreigners want.
Thursday is the day in the American press for real estate news. Today [17 January 2008]the financial pullout of the New York Times was usually thick. Fat yes, but thin on news and pregnant with full page ads for commercial real estate which is looking sad these days. And along with attractive eye candy for buying commerical space is a book weighing a kilo hawking wonderful buys in the homes, which despite New York's privileged niche, are sagging in price...not only is liquidity drying up, but so is the cash to plonk down on a new house or condo or co op the more especially the banks are not giving easy loans or mortgages. Gone are the days of a quick buck, a quick sales, and a quick profit.
And as 18Brumaire wrote, which is only saying the obvious, these slick bankers are selling their souls and their power to foreign states and banks in straightforwardly manner in exchange of billions in liquidity. Commonly stated in the press, the foreigners have non voting shares. Let's call a spade of spade here! Non voting rights means if these sovereign funds and banks think that the Americans are not tending their money well, they're going to turn the screws on them till the bankers act in the way the foreigners want.
Thursday is the day in the American press for real estate news. Today [17 January 2008]the financial pullout of the New York Times was usually thick. Fat yes, but thin on news and pregnant with full page ads for commercial real estate which is looking sad these days. And along with attractive eye candy for buying commerical space is a book weighing a kilo hawking wonderful buys in the homes, which despite New York's privileged niche, are sagging in price...not only is liquidity drying up, but so is the cash to plonk down on a new house or condo or co op the more especially the banks are not giving easy loans or mortgages. Gone are the days of a quick buck, a quick sales, and a quick profit.
A leveraged buyout king for president
Mitt Romney won in the state of Michigan where his father onced ruled over the American Motor Corporation which made the famous jeep, and was governor. Mitt spent millions to win the primary there Tuesday 14 January 2007 which threw the Republicans running for the nod to replace mini mouse Bush, into more turmoil. He won thanks to the millions of his own wealth and the strength of his dad's name and not the least being a native son. Yet listening to his tortured syntax, he denies the simplest of truth. Michigan with the highest employment officially pegged at 7,5 per cent in the land is in deep recession. McCain who came in second in the primary spoke truth to power. He told the voters of Michigan the jobs they lost in the mono industry of the automobile which dominated Michigan's economy, are gone for ever. Romney the demogogue begged to differ but was short of specifics on how to turn things around. Judging by his skill as a purveyor of Leveraged Buyouts, he would downsize everything in sight, slash budgets, benefits, and the like for all but his capitalist class. Look at his record at Bain if you need examples. Do we need a man that sells flimflan, who flip flops on issues, and will cut his cloth to the fashion that will win him votes? Mitt might head his party in the presidential race but heaven help us all should this bubblehead win. His victory would mean more of Bush and would even out Bush Bush if that were possible.
Free Enterprise for the poor, Socialism for the rich
As the US slouches deeper and deeper into recession, the Fed Chairman Ben Bernanke has finally awakened to the seriousness of bad times ahead for the ordinary American. And members of Congress, too. America has been living in a happy state of assuming that get harm would come to them. And if perchance it did, the God up high would take care of them. Well, the deity isn't nor the ruling clique for that matter. A rescue package that eventually will come out of the houses of Congress, will look first to rescue the ineffecient corporations and the fat smelly bankers and the oil lobbists who look for nothing but a good feathering of their bed. There is little joy awaiting the ordinary working sod, but more unemployment, more jobs being shipped overseas, growing impoverishment, and no safety net for healthcare, pensions, and savings for old age.
It is the same old sorry story in the heat of the cancerous subprime mortgage meltdown. It is more and more of the same old tried and true baloney which Americans are served up on stale rye bread smeared with a good dose of rancid butter. Do not be surprised if they are called spendthrift, they're damned for living beyonds their meagre means, they're stupid or ignorant, they live for today but are improvident when it comes to tomorrow...and so go the old refrains. They are urged to tighten more and more a worn belt, because they do not know how to manage income, are lacking in the simplest of the abc's of the capitalist system, and on and on and on and on it goes the pointed finger of the scold.
On the other hand, it is the ruling classes and hanger ons who fit the bill nicely of what the poor, average working stiff is blamed for. Yet, they deserve our sympathy, our pity, and the largesse of the working stiff's taxes; they are spared the burden of paying taxes for the wealth they have. Let's call them what they are--blood suckers who have fed and are feeding on a bloated American economy, and who think feces of theirs smell with the sweetness of rose attar! They have no more wisdom in the current state of the economy than Dean Swift's philosophers on the island of Laputo who fail in turning their shit into gold. However our plutocrats have performed that miracle...they've managed to turn fecal matter in gold and huge incomes.
It's time that the Democratic candidates for the presidency come up with good plans for dealing with the deep recession they're going to inherit from the mini mouse Bush & his croney capitalists. FDR came into office with 'there is nothing to fear but fear itself', and then proceeded to betray his class, equalise income distribution among Americans, and bring about fundamental changes. These changes since the days of the satanic Ronald Reagan have been rolled back. It is time to push the rich theives back to the wall, and cry, open your wallets and pay your fair share...and what's more throw them in gaol for the crimes and misdeme[a]nors of economic murder on the American body politic.
It is the same old sorry story in the heat of the cancerous subprime mortgage meltdown. It is more and more of the same old tried and true baloney which Americans are served up on stale rye bread smeared with a good dose of rancid butter. Do not be surprised if they are called spendthrift, they're damned for living beyonds their meagre means, they're stupid or ignorant, they live for today but are improvident when it comes to tomorrow...and so go the old refrains. They are urged to tighten more and more a worn belt, because they do not know how to manage income, are lacking in the simplest of the abc's of the capitalist system, and on and on and on and on it goes the pointed finger of the scold.
On the other hand, it is the ruling classes and hanger ons who fit the bill nicely of what the poor, average working stiff is blamed for. Yet, they deserve our sympathy, our pity, and the largesse of the working stiff's taxes; they are spared the burden of paying taxes for the wealth they have. Let's call them what they are--blood suckers who have fed and are feeding on a bloated American economy, and who think feces of theirs smell with the sweetness of rose attar! They have no more wisdom in the current state of the economy than Dean Swift's philosophers on the island of Laputo who fail in turning their shit into gold. However our plutocrats have performed that miracle...they've managed to turn fecal matter in gold and huge incomes.
It's time that the Democratic candidates for the presidency come up with good plans for dealing with the deep recession they're going to inherit from the mini mouse Bush & his croney capitalists. FDR came into office with 'there is nothing to fear but fear itself', and then proceeded to betray his class, equalise income distribution among Americans, and bring about fundamental changes. These changes since the days of the satanic Ronald Reagan have been rolled back. It is time to push the rich theives back to the wall, and cry, open your wallets and pay your fair share...and what's more throw them in gaol for the crimes and misdeme[a]nors of economic murder on the American body politic.
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