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Unemployment Skyrocketing: Wall Street Rejoices

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While the DOW goes up, foreclosures continue to increase, and unemployment continues to skyrocket.

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Things on Wall Street seem to be getting better. The DOW is up, and zombie mafia bankers are still raking in huge fortunes on the backs of the average tax-paying American. While they scream from the rooftops that the economy is turning around (for them), the rest of the country is still in a slide.

Unemployment is still skyrocketing. Nothing Obama has done so far has slowed this terrible downfall. Foreclosures are still going up and people are still getting kicked out of their homes. I passed the sheriff just yesterday putting the foreclosure ticket on another home. These aren't expensive homes either.

Big businesses are scooping up foreclosed homes by the millions. The fraud is still there. Nothing has been cleaned up. The banks are still run by gangsters. Obama just rewarded the gangsters. They got a pat on the back for destroying the economy, and now they will continue to enslave the rest of us with sleazy, usurous debt.

Seems to me that nothing really got any better. It seems like it just got worse. The fraudsters were rewarded, and continue to defraud, and the poor just keep getting poorer. Seems like Wall Street is completely disconnected from Main Street. Whatever is good for them sure is not good for the rest of us.

Herbert Hoover made similar moves by drowning sleazy banks with cash. He forgot that the economy is run by regular people not parasitic banks. Obama has not remembered this piece of advice from the past either. My guess is that the parasites will continue to need bailouts under out entire government collapses unless we let them fail and break them down to serve the general good--not their own private interests.

 

 

I enjoy writing about political/ economic events, and I am especially concerned about the US as a warlike nation. I would like to see this nation turn itself around from a conquering nation in both commerce and war to a nation of peace. I hope that (more...)
 

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You Have too Much Common Sense to Be an Economist by Jason Paz on Thursday, Apr 2, 2009 at 4:10:25 AM