Tuesday, November 30, 2010

"Crocodile Tears on Wall Street"

click to enlargeby Bill Moyers and Michael Winship, t r u t h o u t | Op-Ed

"...the financiers wail, it was all an enormous accident, a once in a century calamity, an act of God. But of course that's not true. Lots of people saw it coming and made a bundle..."

With all due respect, we can only wish those Tea Party activists who gathered in Washington and other cities this week weren't so single-minded about just who's responsible for all their troubles, real and imagined. They're up in arms, so to speak, against Big Government, especially the Obama administration.

If they thought this through, they'd be joining forces with other grassroots Americans who ... will be demonstrating in Washington and other cities against High Finance, taking on Wall Street and the country's biggest banks.

The original Tea Party, remember, wasn't directed just against the British redcoats. Colonial patriots also took aim at the East India Company. That was the joint-stock enterprise originally chartered by the first Queen Elizabeth. Over the years, the government granted them special rights and privileges, which the owners turned into a monopoly over trade, including tea. It may seem a bit of a stretch from tea to credit default swaps, but the principle is the same: when enormous private wealth goes unchecked, regular folks get hurt - badly. That's what happened in 2008 when the monied interests led us up the garden path to the great collapse.

Subsequent parts at Youtube
Click Here...

So the Tea Party crowd should be demanding accountability from Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Wells Fargo, and scores of hedge funds and private equity firms that constitute what we loosely call Wall Street...Read it all

Revisited: U.S. is Run by Wall Street "Crooks," Nader said in Seattle

Every agency of the federal government is controlled by corporate power, independent presidential candidate Ralph Nader told reporters before a public speech at a packed Town Hall Seattle on Tuesday evening.

Nader said the U.S. is essentially a "plutocracy" (government by the wealthy), run by "speculators and crooks" on Wall Street. He offered as evidence the $700 billion financial-rescue package that Congress approved, which, he said, rewards "deceivers" for the "looting and swindling....Read it all

Note: Yes, but Mr. Obama, it must be remembered, took into his administration the very persons who were most responsible for the crisis which rippled across the globe---and they're proposing draconian austerity measures to cure it? Please. None of the major players have been held to account; they have gone on to make more money than most can even imagine, while the Middle Class and poor are foreclosed on and suffer.

--->Chomsky: WikiLeaks Cables Reveal "Profound Hatred for Democracy on the Part of Our Political Leadership"... [DN video report]

--->"We Have Not Seen Anything Yet": Guardian Editor Says Most Startling WikiLeaks Cables Still To Be Released... [DN video report]

--->Opinion: Bill Quigley - Why Wikileaks is Good for Democracy

--->WikiLeaks: Interpol issues wanted notice for Julian Assange...

--->European Union: R.I.P.? by Patrick Buchanan "When communism collapsed in Moscow, Prague and Belgrade at the end of the Cold War, ethnic nationalism surged to the surface in all three nations and tore them apart into 24 countries.

"Economic nationalism is now resurgent across Europe. And it is hard to see how a transnational institution like the European Union, run by faceless bureaucrats, and the 16-nation eurozone it created long survive..." Read on... [HT to John Beeler]

--->Billions Down The Drain In Afghanistan...; meanwhile, earlier, "Nations have reached their limit in subsidizing the United States’ military adventures. During meetings in June 2009 in Yekaterinburg, Russia, world leaders such as China’s President Hu Jintao, Russia’s President Dmitry Medvedev, and other top officials of the six-nation Shanghai Cooperation Organisation took the first formal step to replace the dollar as the world’s reserve currency. The United States was denied admission to the meetings...The architects of this new global exchange realize that if they break the dollar they also break America’s military domination. US military spending cannot be sustained without this cycle of heavy borrowing..."

--->Pentagon to Homosexuals...You can kill and die for the war economy too, and soon!

Speaking of HuffPost it is almost amusing how decadent Arianna and company are. Today's sidelines, "Hot J.Lo.. Khloe's Virginity Loss.. Twilight Sex Scene.. Jim Carrey's Gay Kiss". Let's face it, it's news as nymphotainment all day every day at the old Huff. Not enough gravitas to do news alone, she's an entertainer chasing Soros' bucks; a living symbol of what has gone wrong with us. Instead of corrupting the young she ought to take the dye out of her white hair, tell the Plastic Surgeon to take a hike and get real being a grandmother.

The tower of Babel reached very high / above the floor of reason / And in one hour it crashed to hell / all evil has its season; / So heed the Word of those gone bye / if wits still dwell within / or follow the opiate dream and die / then turn thy credit cards in...

1 comment:

  1. Thwe first article speaks to the ridiculus political situation in America today. It makes me sick that people across the country voted in the very type of politicians that enabled these Wall street types to pull these types of stunts and caused this mess in the first place! Why, because they fear"big government"? Big business is and always has been a bigger threat to the well being of the poor and middle class than "big government' ever was! People like Jefferson and Madison espoused a limited government philosophy but they also opposed the rise of big money interests. They rightly saw that limited government would be impossible in a society dominated by big money interests. So the tea partiers should stop and take a good , long look at what they want to do. They need to think of what would be in the best interests of the common good and they type of politicians they vote in would only support policies of those who have only their own economic interests at heart, not the common good.
    Actually, we need a new, viable political party that would promote a political philosophy of holding big business accountable and support smaller businesses and use government for the promotion of the common good as well as espouse a more socially conservative agenda, such as giving more than lip service to the pro life movement. The Democratic and Republican parties are both lacking in this regard.