Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 4 (4 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   3 comments

OpEdNews Op Eds

Insanity

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

View Ratings | Rate It

opednews.com

Become a Fan
  (7 fans)


The CEOs of eight major banking institutions sat before Barney Frank's House Committee today and seemed shocked - shocked! - that anyone would think they had anything to do with the end of capitalism we are now witnessing. It was black comedy without parallel.

Meanwhile, President Obama continues to push a "stimulus" program that simply does not address directly the meanest aspects of the current financial chaos: mortgage foreclosures. Until this issue is confronted by re-financing mortgages, making cash payments to keep people in their homes, forgiveness of missed payments -- whatever it takes -- this crisis will continue and worsen.

Yes, there are other issues left behind by the Bush Crime Family that are slowly rotting the core of this country.  (Was there any area of governance the Bush thugs did not corrupt, destroy, make toxic?)  Demanding immediate attention are the critical issues of the evaporating job market, the enormous deficit, the incomprehensible national debt, the failure of every regulatory agency in government to do its job, an ever-growing mountain of credit-card debt that simply will not be paid.  


The list is endless and it cannot be repaired.   It cannot be repaired.  No matter how much money is thrown at these crises, the system cannot be repaired . The system itself must be replaced, beginning with an end to the rapacious banking and predatory financial service con games that, together, have destroyed capitalism sooner than it would have destroyed itself.

Why is this reality not being addressed? What needs to happen here to drive home the essential point that capitalism as it has been known for the past two centuries is dead. Do we have to experience a national catastrophe so profound it will make the iconic Great Depression seem like an historic blip on the global economic continuum?  Apparently, we do. And the crashing of the U.S. economy we are now both witnessing and being absorbed by will viciously accommodate.


And our political leaders? It's astonishing the depth of their denial, the theatrics of their hearings, and the futility of the legislation the Republican swine attack as "liberal," and the Democratic "centrists" fervently advocate as the only alternative to "catastrophe."

Until we truly face the reality that the system cannot be repaired we are going nowhere. We are a snake swallowing its own tail. We are a blind man lost in a coal mine at midnight.

It may be time to follow Thomas Jefferson's suggestion regarding the tree of liberty.
Ya' think?

 

www.mikemalloy.com

Mike Malloy is a former writer and producer for CNN (1984-87) and CNN-International (2000). His professional experience includes newspaper columnist and editor, writer, rock concert producer and actor. He is the only radio talk show host in America to have received the A.I.R (Achievement in Radio) Award in both (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.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
Related Topic(s): ; ; ; , Add Tags

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

Move Over, Mother Teresa

The Savage Weiner

Collateral Damage?

Remember, Remember, the 5th of November...

'Soldiers work for corporations, not for the people'

Comments

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  
3 people are discussing this page, with 3 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
"It may be time to follow Thomas Jefferson... by William Whitten on Thursday, Feb 12, 2009 at 10:20:56 AM
Eyeballs bleeding, wheezing, still slaying dr... by Shelby on Thursday, Feb 12, 2009 at 12:58:25 PM
I recieve copies of the Global Europe An... by michael d on Thursday, Feb 12, 2009 at 2:43:34 PM