OpEdNews Op Eds

A Resounding Bottom Up NO on the Bailout-- From the Entire Progressive World

By (about the author)     Permalink       (Page 1 of 3 pages)
Related Topic(s): ; ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H2 9/21/08

Become a Fan
  (287 fans)

It is urgent and essential that YOU contact your legislators in congress today to demand that they reject the bailout deal Henry Paulson has proposed. Let them know approval of it will be as bad as, maybe worse than their approval of the Iraq war and you don't want to see them screw up again.

They need to hear this from MILLIONS of Americans. A handful of plutocratic corporatists created this economic disaster. The Dem leadership seems to be ready to allow Bush to turn a disaster into law and furtherance of the disaster capitalism Naomi Klein has described. It will take a massive bottom up wave of outraged demands to make it clear to the dems in congress and the purported new leader of the Democratic party, Barack Obama, that the Paulson plan has been outed as a plan to loot the American taxpayer and is totally unacceptable.

From Dailykos to Firedoglake to OpEdNews, TalkingPointsMemo to Paul Krugman (No deal) , Glen Greenwald, the Nation, MYDD, Atrios, Huffingtonpost, the voices of the left, representing millions, probably tens of millions of readers, are in agreement-- Paulson's bailout proposal is NO DEAL and the frightened Democrats in congress better not spinelessly respond to the bogus warnings of disaster this time like they did in response to warnings of Iraqi WMDs.

The approach varies, but all basically say that the Bush admin is setting up a deal that has no accountability, that is a huge gift to Bush and friends. Glen Greenwald and I brought up the spineless dem response to Iraq as an earlier example of the same cowed cooperation. 

If Obama ever had a shot at showing he really is a force for change, rejecting the Paulson plan is an extraordinary opportunity to again (like he rejected the Iraq war) stand out as an independent thinker, apart from his party. Here is where Barack can play a leadership role. He IS running to be the new leader of the Democratic party. If he tells the leaders in congress they're making a huge mistake, he will be serving the middle class-- the people who Reid, Pelosi, Dodd, Schumer and friends are getting ready to saddle with such enormous debt.

 An evening update: I went to a "peace event," and had a few conversations. A few people cited what I was just citing a few days ago, that  the powers that be are "socializing debt and losses and privatizing profit." But I've read a bit more, had more conversations and now I realize, it's not socialism. It's fascism. The corporations aren't being taken over by the government. They are infecting the government and taking it over and that, my friends, is Mussolini type fascism, where the corporations run the government.

Here are excerpts from the progressive bloggers:

Glen Greenwald, The complete (though ever-changing) elite consensus over the financial collapse

...the fact that Democrats are on board with this scheme means absolutely nothing. When it comes to things the Bush administration wants, Congressional Democrats don't say "no" to anything. They say "yes" to everything. That's what they're for.

They say "yes" regardless of whether they understand what they're endorsing. They say "yes" regardless of whether they've been told even the most basic facts about what they're being told to endorse. They say "yes" anytime doing so is politically less risky than saying "no," which is essentially always and is certainly the case here. They say "yes" whenever the political establishment -- meaning establishment media outlets and the corporate class that funds them -- wants them to say "yes," which is the case here. And they say "yes" with particular speed and eagerness when told to do so by the Serious Trans-Partisan Republican Experts like Hank Paulson and Ben Bernake (or Mike McConnell and Robert Gates and, before them, Donald Rumsfeld and Colin Powell).

...regardless of whether this nationalization/bailout scheme is "necessary" or makes utilitarian sense, it is a crime of the highest order -- not a "crime" in the legal sense but in a more meaningful sense.

What is more intrinsically corrupt than allowing people to engage in high-reward/no-risk capitalism -- where they reap tens of millions of dollars and more every year while their reckless gambles are paying off only to then have the Government shift their losses to the citizenry at large once their schemes collapse? We've retroactively created a win-only system where the wealthiest corporations and their shareholders are free to gamble for as long as they win and then force others who have no upside to pay for their losses. Watching Wall St. erupt with an orgy of celebration on Friday after it became clear the Government (i.e., you) would pay for their disaster was literally nauseating, as the very people who wreaked this havoc are now being rewarded.

More amazingly, they're free to walk away without having to disgorge their gains; at worst, they're just "forced" to walk away without any further stake in the gamble. How can these bailouts not at least be categorically conditioned on the disgorgement of ill-gotten gains from those who are responsible?


OpEdNews; WMDs and Financial Meltdown-- RelatedThreats? Related Dem Congress Failure? Rob Kall

The news is abuzz with the reports of the solemn, haggard faces of the leaders of congress when Bush's economic Czars Paulson and Bernanke informed them of the deadly threat of financial meltdown the US, even the world economy faced if something dramatic was not done immediately.

So, of course, they came out, shaking in their boots, telling the nation how awful things were, how close to the abyss we've come. 

Next Page  1  |  2  |  3


Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

Rob Kall Wikipedia Page

Over 200 podcasts are archived for downloading here, or can be accessed from iTunes. Rob is also (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

A Conspiracy Conspiracy Theory

Terrifying Video: "I Don't Need a Warrant, Ma'am, Under Federal Law"

Ray McGovern Discusses Brutal Arrest at Secretary Clinton's Internet Freedom Speech

Cindy Sheehan Bugged in Denver

Libertarian Legacy? Ron Paul's Campaign Manager, 49, Dies Uninsured, Of Pneumonia, Leaving family $400,000 Debt

Interview: McCain Fellow Hanoi Hilton POW & Naval Academy Dorm-mate; Why He Won't Vote For McCain


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
49 people are discussing this page, with 62 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

If a private company bailed out these crooks, the ... by John Hanks on Sunday, Sep 21, 2008 at 9:31:24 AM
You might want to re-think what you just proposed.... by Ivan Hentschel on Sunday, Sep 21, 2008 at 10:26:34 AM
The Swedes have stood for a third way.  The c... by steven mather on Sunday, Sep 21, 2008 at 12:19:25 PM
Is Venezuela fascist? No its not. At least not sin... by Ty on Sunday, Sep 21, 2008 at 12:50:28 PM
Steven and TY:The major point I was trying ot make... by Ivan Hentschel on Sunday, Sep 21, 2008 at 1:09:04 PM
You're right; there is no simple panacea; and,... by eileen kuch on Sunday, Sep 21, 2008 at 4:05:17 PM
OK, I think I havw this straight. The conservative... by Brasch on Sunday, Sep 21, 2008 at 9:43:46 AM
Brasch you said it all for me.  This bailout ... by Amyadoptee on Sunday, Sep 21, 2008 at 10:20:17 AM
We are already beyond $1 Trillion... by Steven Leser on Sunday, Sep 21, 2008 at 6:16:12 PM
...with those big named progressive sites? What am... by scott creighton on Sunday, Sep 21, 2008 at 10:00:23 AM
It is so nice to finally see that I am not alone i... by Tom Dawson on Sunday, Sep 21, 2008 at 10:16:02 AM
Comment from Ratings:   Go Rob! Great ro... by Carola Von Hoffmannstahl on Sunday, Sep 21, 2008 at 10:27:58 AM
Libertarians are definitely with you guys on this ... by Darren Wolfe on Sunday, Sep 21, 2008 at 10:29:45 AM
Even without the chops most "economist" ... by HarpMan1224 on Sunday, Sep 21, 2008 at 10:30:15 AM
This bailout is the beginning of the end for our c... by Professor Fandel on Sunday, Sep 21, 2008 at 10:42:07 AM
I heard him, looked into it, and it made sense to ... by bucketslogg on Sunday, Sep 21, 2008 at 10:55:02 AM
I agree, Rob, and with all of  you who don... by Sharon Froehlich on Sunday, Sep 21, 2008 at 11:23:10 AM
Comment from Ratings:   Right on, Rob!... by Sharon Froehlich on Sunday, Sep 21, 2008 at 11:25:39 AM
The deal will be signed in just a few da... by Richard Mynick on Sunday, Sep 21, 2008 at 11:42:52 AM
Obama isn't running to be the head of the Demo... by F T (Ted) Cloak Jr on Sunday, Sep 21, 2008 at 11:44:39 AM
was going to filibuster the FISA bill a few short ... by Jack Harrington on Tuesday, Sep 23, 2008 at 3:05:54 PM
Please go to Bloomberg.com  Bush administration ... by Mary Beardslee on Sunday, Sep 21, 2008 at 11:57:53 AM
Very much. I guess no one else is paying attention... by Ivan Hentschel on Sunday, Sep 21, 2008 at 12:01:17 PM
Comment from Ratings:   they want free e... by martinweiss on Sunday, Sep 21, 2008 at 12:32:23 PM
It's encouraging, Rob, to know you figured thi... by Margaret Bassett on Sunday, Sep 21, 2008 at 12:35:53 PM
Naomi Klein say about this "crisis"? Thi... by grace mcguire on Sunday, Sep 21, 2008 at 12:50:25 PM
One-- let's not get into the insurance busines... by martinweiss on Sunday, Sep 21, 2008 at 12:54:25 PM
While our gov't. should not bail out the corpo... by martinweiss on Sunday, Sep 21, 2008 at 1:09:14 PM
already on it --------fiengold will have lots of e... by TRADESMAN on Sunday, Sep 21, 2008 at 1:55:25 PM
 Read this little ditty from section 8:Decisi... by Cheryl Abraham on Sunday, Sep 21, 2008 at 2:02:48 PM
This rule by decree business may fly in Venezuela,... by Darren Wolfe on Sunday, Sep 21, 2008 at 3:10:39 PM
-- I refuse to call them 'leaders' -- act ... by Kathlyn Stone on Sunday, Sep 21, 2008 at 4:15:20 PM
True patriotism and real humanity begins with each... by Frank J. Ranelli on Sunday, Sep 21, 2008 at 4:38:11 PM
First it was the Patriot Act and war in Afghanista... by Anton Grambihler on Sunday, Sep 21, 2008 at 5:08:26 PM
Comment from Ratings:   Sustainable solu... by Dan Leithauser on Sunday, Sep 21, 2008 at 5:08:36 PM
This is an engineered crisis. Crash by design. Thi... by john riggs on Sunday, Sep 21, 2008 at 5:31:27 PM
last time they called it Resolution Trust. FDR was... by john riggs on Sunday, Sep 21, 2008 at 5:26:19 PM
Hey, rather than taking it in the shorts, lets inf... by kato krause on Sunday, Sep 21, 2008 at 5:28:50 PM
The apparent problem here is the absolute politica... by Matoska on Sunday, Sep 21, 2008 at 5:32:00 PM
I want to repeat this first paragraph, because Mat... by Irvthom on Sunday, Sep 21, 2008 at 10:35:23 PM
Financial Terrorism.  Give me the money, now.... by pft on Sunday, Sep 21, 2008 at 6:04:15 PM
http://www.dailymotion.com/channel/fun/video/x3bwj... by F T (Ted) Cloak Jr on Sunday, Sep 21, 2008 at 6:29:08 PM
There is a petition you can sign that is heading t... by shirley reese on Sunday, Sep 21, 2008 at 7:30:44 PM
Here here Bob. Absolutely no bail out!!Let the sha... by TomK on Sunday, Sep 21, 2008 at 7:32:12 PM
Agree that the bailout is saving failed institutui... by Leep on Sunday, Sep 21, 2008 at 7:57:36 PM
I'll go along with the bailout, provided all A... by Robert Arend on Sunday, Sep 21, 2008 at 9:52:30 PM
Comment from Ratings:   unless they repe... by tginmn on Sunday, Sep 21, 2008 at 10:40:38 PM
Here's a concept.  I'll admit it'... by bucketslogg on Sunday, Sep 21, 2008 at 11:20:02 PM
The Independent Senator from Vermont is proposing ... by E. Nelson on Monday, Sep 22, 2008 at 7:15:34 AM
If every single American citizen in the country be... by Mark E. Smith on Monday, Sep 22, 2008 at 12:28:59 AM
Comment from Ratings:   can we make them... by Tim Sanders on Monday, Sep 22, 2008 at 12:40:21 AM
http://www.youtube.com/watch?v=9KYtD-Ff_eM... by Munich on Monday, Sep 22, 2008 at 12:43:08 AM
Should have posted this one first.http://market-ti... by Munich on Monday, Sep 22, 2008 at 12:45:28 AM
SUZE ORMAN on Larry King Live began her discussion... by emily horswill on Monday, Sep 22, 2008 at 1:19:29 AM
So why is everybody so surprised?  Do you thi... by Bryan Emmel on Monday, Sep 22, 2008 at 2:14:16 AM
Unfortunately, a Democracy requires some basic lev... by pft on Monday, Sep 22, 2008 at 3:33:05 AM
By bush declaring a National Emergency, under the ... by Mr M on Monday, Sep 22, 2008 at 7:35:56 AM
Almost nobody likes Paulson's bail-out proposa... by Maxwell on Monday, Sep 22, 2008 at 9:52:40 AM
For a party that's PRO-LIFE, they sure do kill... by Bob Smith on Monday, Sep 22, 2008 at 4:25:54 PM
I just went to this sitehttp://my.barackobama.com/... by F T (Ted) Cloak Jr on Monday, Sep 22, 2008 at 7:18:31 PM
The Democratic Party hasn't responded to anyth... by Sean Fenley on Monday, Sep 22, 2008 at 10:03:44 PM
That's what was originally understood: Italia... by Darren Wolfe on Saturday, Sep 27, 2008 at 7:57:47 AM