We are not in a recession, repeat, we are not in a recession; we are in a depression. A massive depression and until we face that ugly truth as the ugly truth we cannot begin to dig out of this man-made calamity.
We have begun, in the name of the rich and for the rich, a policy of exporting 30% of our manufacturing base to the third world. Productivity has reduced industrial employment another 10% while at the same time financial services have soared. This policy has resulted in fewer jobs with lower wages for the citizens of this country. It has been a boon to despots and dictatorships around the world. We import container ships full of slave-made crap and we return them full of hard currency; then we rush them home to go and get more.
At the same time and for the pleasure of the same small group, we have altered our tax policy to aid and abet this same small group. We have been told in the repetitive monotone of Big Brother that these tax cuts bring jobs, and yet the last eight years have produced fewer jobs than any presidency since--Ready?--Herbert Hoover. We have eliminated the death tax, which wasn't a death tax but an inheritance tax, so that heirs to billion dollar fortunes can escape writing a check to the tax man. We hear the big lie of taxing small business will hurt the economy without distinguishing the difference between profit and income.
This is from the same media which yapped with pleasure at stories of Saddam's weapons of mass destruction, and they barked on cue to explain that these tax cuts would help grow the economy. They gleefully ignored America's cities decaying into ruins, just as they ignored the millions suffering in the so called "good times."- An expansion of credit, a fisherman's jig to lure in the suckers, then snap! "Welcome to the nightmare."-
Now the rescue prescription is $787 billion with $200 billion for tax cuts with a $500 tax credit for the working poor. (Yippee Skippy) $144 billion for the states, $111 billion for infrastructure. Those infrastructure projects will have a 15 to 20% profit margin built in so the taxpayer only gets eighty cents on the dollar, and the workers will earn not much more than pennies on the dollar. Not much bang for the mega buck, is it?
The Republicans howl in agony, as they prostrate themselves and tear at the ground. "How," they ask, "can we allow this legacy of spending to be saddled on our children?"- This, after eight years of irresponsible tax cuts almost exclusively for the benefit of those who needed them the least. After two foolish and unnecessary wars which have caused the deaths of nearly 5,000 American service people and the wounding of 30,000 more. The army is exhausted, its equipment is old and worn, its objectives are unmet, and the treasury is empty. Not since Caligula has there been such a massive waste of empire. Honorable men would hang their heads in shame, and the less honorable would hide, while those without honor speak in Congress.
Now this same media and these same Republicans say that it's wrong to try and assist the people because "They,"- the people, were irresponsible! One company, A.I.G. (American Insurance Group), has already received $150 billion in taxpayer aid and today will ask the US taxpayer for an undetermined amount to cover a $60 billion loss in the fourth quarter of last year. But, you? You get five hundred bucks and Republican sneers.
Republican Governors parade for the cameras to announce that they won't take the stimulus money. If they mean that, then let them cut the food budget at the Governor's mansion to that of a food stamp recipient in their state. Sorry, but they make too much for food stamps, so they get zip. Ditto heating and mortgage assistance. Let them pay the upkeep and all the bills for the Governor's mansion out of their own pockets. What a proud day for Louisiana that's its residents can suffer to get their governor in the headlines!
The Republican plan is to bank up the fires and to let you starve and to throw you out into the road. Obama's plan is to bank up the fires and to make a minimum effort to keep some from starving, to spend billions for banks and insurance companies and pennies for you. If A.I.G goes under, the big money boys would suffer. But you, you wouldn't know the difference. If you go under the big money boys wouldn't know the difference either, but you, as a citizen, have a constitutional right to government protection. A.I.G does not.
One year from today, unemployment will be double the government's foist pretend numbers. A.I.G will need still more money and Republicans will still argue that the best course of action is more tax cuts and letting you starve. The media will continue to repeat its same tired corporate message and will, to a large degree, ignore the suffering of millions.
Demonstrators took over the streets of Athens for two weeks; protesters brought down the government in Iceland. Protesters rioted in Sophia, Bulgaria and farmers in France shut down Paris. Last week 120,000 marched in Dublin as Great Britain has earned the title of the "sick man"- of Europe. In Switzerland, once the haven of banking stability, two banks, Credit Suisse and UBS, totter towards ruin and default with seven times the liabilities of Switzerland's GDP.
The Irish protesters carried signs that read, "We won't pay for the Greed of the Super Rich."- In America Fox news asks, "Was Sarah Palin mistreated by the media?"- along with round-the-clock litany of Republican congressmen. But a New World starts tomorrow; this is our world. Let the banks fall into ruin as we are already in ruin.
The US media will not cover these stories; instead they tell manipulative lies. Yesterday CNBC noted that Citigroup stock was up almost 20%, or .19 cents. This on a stock that was selling for $26.00 a share less than a year ago, that now sells for two dollars and change. Fox News interviews Wyoming Senator John Barrasso about manufacturing, ignoring that the population of Wyoming is about the same size as the population of metro Montgomery, Alabama.
Our free press is not ours. It is theirs and they are enemies of the people. They aid and abet in the misery of the average American. They broadcast for free on airwaves that are the property of the people of the United States and dare to call us losers and free loaders. The tank crew that fired on the Al Rashid hotel knew what they were doing. The press was not their friend, just as the press is not our friend. They are persona non grata.
I read and grow weary, then I became depressed, but then I became angry. In my anger I found a new freedom. Capitalism is dead and I will not let the weight of its corpse suffocate me. The broadcast media are, for the most part, Judas goats; just camp Kapos, unloading the trains. The President offers hope and promises that America will recover, and the crowd of assembled millionaires, the prime beneficiaries of the fallen system, responds with the thunderous applause of a Nuremberg rally. Just whom do you think he's going to save first?