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.