America Held Hostage
07.15.08 (11:58 am) [edit]How does it feel to be held hostage by a system that has abused you and misused you under false pretense. We have heard the capitalistic cry of let the market be the determiner of our supposedly free market system and then we find out it's only free when the powers that be are making huge profits at our expense. But when bad managers reach the peter principle then the federal government must step in with our tax dollars and determine the market. Our present condition exposes the fallacy of republicans who swears by the free market system and then step in to pass legislation that dumps the responsibility of bad decision makers on the government that they disdain during profitable times.
Let it be reminded that our present economic condition was not caused by natural disasters of any kind but by greedy men placed in important position trying to make all the money they can at the public's expense. They stock market has fallen from a high of 14000 in November to a low of 11000 in July, just think of what your social security check would be now if we had done what President Bush and the republicans wanted us to do by tying it to the stock market you would be receiving about 22% less this year.
We have bridges falling and not being repaired, 48 million people who can't afford access to health care, wounded veterans who can't get proper health and mental care and we say with a straight face that a financial institution is to big to fail. How ludicrous is that.
posted by: barnabus1 (reply)
post date: 07.15.08 (3:33 pm)
I'm incredibly pissed that the banks back in the 80's made loans to 3rd world countries, and we the taxpayer had to bail them out!! Now it's repeated with savings and loan institutions, and Mortgage companies and fanny May's...and even the Banking Industry....we get to share the losses...but never the profits!! The US is already Bankrupt because of the Iraq war, ALL our National Parks are under UN control...because we used them for collateral for loans from China etc... where do we get the Trillion for this threat? Why just print it of course...The taxpayer can handle the inflation!!! I believe it's coming to a head!!!! but it won't go down easy!!!
posted by: truthserum42 (reply)
post date: 07.15.08 (4:14 pm)
Reply to: barnabus1 that is why we need a third party, everybody keeps talking about how pissed they are and we keep doing the same old thing. THE Democrats are healers of every Ill with government money and it turns out that the republicans are the same after promising smaller government, lower taxes and a balance budget none of which has ever been achieved. We find out there is no difference between them they both tax and spend.