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Saturday, February 14, 2009

● The Bailout & The Stimulus

Bipartisanship seems to only exists when policies serve the rich. As soon as we start talking about education, infrastructure, the environment, and healthcare, things that benefit the many as opposed to the wealthy few, we then seem to have a lot of division and talk about wasteful spending. It's not considered wasteful when the money is going straight to the top. That somehow is necessary. Building schools and public transportation, hiring teachers and workers, somehow is seen as unnecessary, wasteful, and certainly not job creation, even though, the jobs being created and performed directly benefit the community as a whole. Somehow we could barely imagine not bailing out the failed banks and failed Wall Street firms that created this economic crisis with their reckless lending and trading practices. Bailing out the failed businesses of the wealthiest criminals on the planet (with essentially no oversight) who have created a multilayered global crisis, is seen as unavoidable in our nation's capital, while your interests are wasteful, if they're even recognized at all.

After 30 years of deregulation, Congress approves a stimulus package that will help to curb the emerging crisis created by decades of privatization and lax oversight. Friedmanism has failed. It is time to pick up the pieces and realize the obvious forgotten truth; that markets need rules, regulation, and oversight.

The Stimulus Package is not enough. It takes some steps in the right direction after 28 years of running in the wrong direction. We still have our work cut out for us. The resistance movements against corporate tyranny must push harder and further to inform the public and pressure Washington.
. . .
The Truth about the Wall Street Bailout: How "Free Market Capitalism" Really Works. Nader and Chomsky Explain the Game, a Nanny State to Take Care of the Rich


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