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Tag(s): Bailout; Banks; Dollar; Dollar Crisis; Greed; Regulations; Taxpayers
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September 23, 2008 at 20:43:08

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Is this the Trillion Dollar Straw?

by DC Rapier Page 1 of 1 page(s)

www.opednews.com

SAVE FAVORITES

VIEW FAVORITES

Eye See You and Raise You a Trillion

How much more can Main Street America take?

We’ve been railroaded into never-ending war for never-achievable objectives that Noble Laureate Joseph E. Stiglitz claims will cost the American taxpayer more than $3,000,000,000,000 (three trillion) before it’s all said and done.

We’ve allowed banking regulations which were set in place as safe-guards against 1929-style financial calamities to be over-turned and de-regulated by shills of the banking industry itself. These deregulations have led us to the current ‘Nightmare on Wall Street.’

We are watching as millions of American families are turned out into the streets by predatory lending practices compounded by the arcane investment games of chance, invented and played by the self-same shamefully unethical beasts of greed that now demand the US taxpayers – including those who are facing home foreclosure – bail-out their lying, cheating, avaricious carcasses.

The bail-out is estimated to be the largest in US history; between $700,000,000,000 (seven hundred billion) and $1,000,000,000,000 (one trillion). That’s more than $2,000 for every American at the low end of this astronomical range of figures.

Bush has suggested that the bail-out also cover losses taken by foreign banks as well – Barclay and ABS, for example.

A bail-out of the US auto industry is being discussed that will cost the US taxpayer $25,000,000,000 – what seems almost paltry in comparison to the nose-bleed numbers quoted above.

These bail-outs will amount to placing the entire American work-force on ‘Maggie’s Farm’ for the fore-seeable future. The extortionate, mind-numbing debt that Americans are being forced to assume by the Bush administration will make indentured servants of us all for generations.

Taken as a whole, is this the Trillion Dollar Straw that will break the apathy, the lethargy, the passivity of the American people? Will the prospect of our children’s children being put into Dickensian harness to service a massive, unending debt be the clarion call for rebellion?

It damn well ought to be.

Take action -- click here to contact your local newspaper or congress people:
impeach Bush, Cheney, Pelosi and Scalia

Click here to see the most recent messages sent to congressional reps and local newspapers

http://lexisnexussolarplexus.blogspot.com/

After years of professional starvation as a 'working musician', DC found his way to Taiwan where he has lived and taught English as a foreign language for 18 years - fourteen of them married blissfully to Yashan 'Linda' Huang. "Having lived outside the USA, away from the incessant daily blather of info-tainment that sadly passes for news reportage and journalism, I think I can safely claim a more international point of view than most in the US who live within the corporate media's 'cone of silence' yet are inundated with spin-sters, shock-jocks and Faux News blow-hards."

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4 comments

Robert Singer is a retired information technology professional and an environmental activist living in southern California.

In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology officer. Today the company manages more than 130 practice groups, providing care in some 300 medical facilities in 18 states. Prior to that he was president of Useful Software, a developer and publisher of business and consumer software for th...

to see more of bio, click on member name
Robert SingerRobert Singer is a retired information technology professional and an environmental activist living in southern California.

In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology officer. Today the company manages more than 130 practice groups, providing care in some 300 medical facilities in 18 states. Prior to that he was president of Useful Software, a developer and publisher of business and consumer software for th...

to see more of bio, click on member name

But it might break their shopping habit. It isn't costing the American taxpayer or any taxpayers anything, when you go bankrupt it doesn't matter how much owe, and we are bankrupt. Think of it as a last chance shopping spree before you file Chapter 7.

Is this really about greed, the federal reserve printing our money and making us pay interest on it, how evil is that? Well actually you would not have those cars, houses and stuff if it wasn't for the federal reserve. Why? Because there is not enough 'real' money in the world to finance our 'consumer society'. Have you read my OpEd

"Give Us the ANWAR and Keep Shopping"-They Found They Can't Have Both

I need expand this into an Oped.

by Robert Singer (22 articles, 0 quicklinks, 1 diaries, 65 comments) on Wednesday, September 24, 2008 at 8:53:11 AM

"Give Us the ANWAR and Keep Shopping"-They Found They Can't Have Both

I need expand this into an Oped.

by Robert Singer (22 articles, 0 quicklinks, 1 diaries, 65 comments) on Wednesday, September 24, 2008 at 10:01:43 AM

No Edited

(I apologize I tried to edit this and it kept Posting),

But it might break their shopping habit. It isn't costing the American taxpayer or any taxpayers anything, when you go bankrupt it doesn't matter how much you owe, and we (U.S.) are bankrupt. Think of it as a last desperate shopping spree before you file Chapter 7.

"Give Us the ANWAR and Keep Shopping"-They Found They Can't Have Both

I need to expand this into an Oped.

by Robert Singer (22 articles, 0 quicklinks, 1 diaries, 65 comments) on Wednesday, September 24, 2008 at 10:07:13 AM

Male, 50, Texas. White with white hair (for 20 years)
Write, read, and draw.
Topics include science, art, history, language, philisophy, the odd and unusual. SiFi/Goth/Lovecraft
Recovering from a medical episode that nearly killed me in 2006. Still being treated.
An autodidact and graduated High School but not college.
Not good with people. I have poor emotional intelligence.
nightgauntMale, 50, Texas. White with white hair (for 20 years)
Write, read, and draw.
Topics include science, art, history, language, philisophy, the odd and unusual. SiFi/Goth/Lovecraft
Recovering from a medical episode that nearly killed me in 2006. Still being treated.
An autodidact and graduated High School but not college.
Not good with people. I have poor emotional intelligence.

I wish but they aren't finished yet.

To cure someone the doctor must clear out the infection. The fascists in our midst are the infection of the body politic and are involved in a coup of elaborate and multitasking kind. This is just another aspect of their Dominionist quest to control or dominate everything about life and death. They aren't finished by a long shot till they are deposed and incarcerated, imprisoned in some undisclosed location will we might have a sigh of relief. Maybe.

The more we have a chance to threaten them the more chance they will react with violence against us.

by nightgaunt (0 articles, 0 quicklinks, 0 diaries, 322 comments) on Thursday, September 25, 2008 at 3:05:23 PM