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Common Sense 2009

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opednews.com Headlined to H2 8/23/09

The American government -- which we once called our government -- has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group of powerful elites, the people President Franklin D. Roosevelt called "economic royalists," who choose our elected officials -- indeed, our very form of government. Both Democrats and Republicans dance to the tune of their corporate masters. In America, corporations do not control the government. In America, corporations are the government.

This was never more obvious than with the Wall Street bailout, whereby the very corporations that caused the collapse of our economy were rewarded with taxpayer dollars. So arrogant, so smug were they that, without a moment's hesitation, they took our money -- yours and mine -- to pay their executives multimillion-dollar bonuses, something they continue doing to this very day. They have no shame.

They don't care what you and I think about them. Henry Kissinger refers to us as "useless eaters."

But, you say, we have elected a candidate of change. To which I respond: Do these words of President Obama sound like change?

"A culture of irresponsibility took root, from Wall Street to Washington to Main Street."

There it is. Right there. We are Main Street. We must, according to our president, share the blame. He went on to say: "And a regulatory regime basically crafted in the wake of a 20th-century economic crisis -- the Great Depression -- was overwhelmed by the speed, scope and sophistication of a 21st-century global economy."

This is nonsense.

The reason Wall Street was able to game the system the way it did -- knowing that they would become rich at the expense of the American people (oh, yes, they most certainly knew that) -- was because the financial elite had bribed our legislators to roll back the protections enacted after the Stock Market Crash of 1929.

Congress gutted the Glass-Steagall Act, which separated commercial lending banks from investment banks, and passed the Commodity Futures Modernization Act, which allowed for self-regulation with no oversight. The Securities and Exchange Commission subsequently revised its rules to allow for even less oversight -- and we've all seen how well that worked out. To date, no serious legislation has been offered by the Obama administration to correct these problems.

Instead, Obama wants to increase the oversight power of the Federal Reserve. Never mind that it already had significant oversight power before our most recent economic meltdown, yet failed to take action.

Never mind that the Fed is not a government agency but a cartel of private bankers that cannot be held accountable by Washington. Whatever the Fed does with these supposed new oversight powers will be behind closed doors.

Obama's failure to act sends one message loud and clear: He cannot stand up to the powerful Wall Street interests that supplied the bulk of his campaign money for the 2008 election. Nor, for that matter, can Congress, for much the same reason.

Consider what multibillionaire banker David Rockefeller wrote in his 2002 memoirs:

"Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure -- one world, if you will. If that's the charge, I stand guilty, and I am proud of it."

Read Rockefeller's words again. He actually admits to working against the "best interests of the United States."

Need more? Here's what Rockefeller said in 1994 at a U.N. dinner: "We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the New World Order." They're gaming us. Our country has been stolen from us.

Journalist Matt Taibbi, writing in Rolling Stone, notes that esteemed economist John Kenneth Galbraith laid the 1929 crash at the feet of banking giant Goldman Sachs. Taibbi goes on to say that Goldman Sachs has been behind every other economic downturn as well, including the most recent one. As if that wasn't enough, Goldman Sachs even had a hand in pushing gas prices up to $4 a gallon.

The problem with bankers is longstanding. Here's what one of our Founding Fathers, Thomas Jefferson, had to say about them:

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www.larryflynt.com

Larry Flynt is the publisher of HUSTLER Magazine and a fierce 1st Amendment advocate.

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Nice idea: a strike. It's non-violent but will get... by Don Smith on Sunday, Aug 23, 2009 at 7:08:12 PM
toshock our elected politicans into action to solv... by Kyle Griffith on Monday, Aug 24, 2009 at 2:01:09 AM
The banksters tried to have me evicted from my hom... by Joe Vignolo on Monday, Aug 24, 2009 at 4:44:45 PM
That such simple truth should proceed from the pen... by WML on Monday, Aug 24, 2009 at 7:54:34 AM
The only thing that will get their attention is a ... by wagelaborer on Monday, Aug 24, 2009 at 9:16:53 AM
In coordination with the traditions of religion ag... by Charlie L on Monday, Aug 24, 2009 at 12:34:41 PM
I could'nt agree more with your perspective. We mu... by ronheri on Monday, Aug 24, 2009 at 12:37:40 PM
This is a great idea and I sure hope the date of t... by Evelyn Pringle on Monday, Aug 24, 2009 at 1:02:06 PM
sounds like a plan to me. Well said!!... by bradysbeau on Monday, Aug 24, 2009 at 1:16:29 PM
I'm afraid the rulers can outlast the peasants on ... by Bob Trowbridge on Monday, Aug 24, 2009 at 2:45:56 PM
Hello Bob! I have great respect for those that do ... by David H Abernathy on Monday, Aug 24, 2009 at 6:53:09 PM
I agree. How about the day after Thanksgiving? I... by Norman Azadian on Monday, Aug 24, 2009 at 2:48:46 PM
In a perfect world, that would be great, but this ... by Charlie L on Tuesday, Aug 25, 2009 at 12:13:34 AM
Labor Day itself would have great symbolic value, ... by Norman Azadian on Wednesday, Aug 26, 2009 at 11:03:06 AM
Hello, You go Larry Flint! Larry, is right on the... by David H Abernathy on Monday, Aug 24, 2009 at 3:44:10 PM
Obama's Atty Gen., Erick Holder, has done little t... by Richard Lee on Monday, Aug 24, 2009 at 5:29:09 PM
We can give it to him. Oldest job is cleaning up t... by Margaret Bassett on Monday, Aug 24, 2009 at 8:29:04 PM
Some 2 decades ago there were a bunch of national ... by TomK on Monday, Aug 24, 2009 at 9:49:49 PM
Tim Cox, is organizing a party to run against all ... by Mel Smith on Monday, Aug 24, 2009 at 11:23:20 PM
Tim Cox, is organizing a party to run against all ... by Mel Smith on Monday, Aug 24, 2009 at 11:27:54 PM
< Larry gives a perfect statement of the proble... by William J. Kelleher, Ph.D. on Wednesday, Sep 2, 2009 at 2:14:44 PM
Hey! My links were omitted: ... by William J. Kelleher, Ph.D. on Wednesday, Sep 2, 2009 at 2:19:45 PM
http://ssrn.com/author=1053589 If link doesn't... by William J. Kelleher, Ph.D. on Wednesday, Sep 2, 2009 at 2:26:48 PM