Quote:
Originally Posted by finnbow
If you think the bloodletting over the health care bill, TARP or the financial bill was nasty, any action by the Democratic Party to change this would likely be just the thing to tip the balance toward the armed insurrection feared in another recent thread. The moneyed/powered interests would pull out all the stops to defeat it.
That said, any effort by Washington to "fix" this "problem" would be an abysmal display of sausage making on a grand scale. It would likely be "eyewash" to appease those who think some sort of reform is necessary without making meaningful change. Hell, every person on Capitol Hill is the beneficiary of the current system and accordingly belongs in the lofty percentiles that you note. They have no real interest in fixing a system that treats them so well. Plus at least half of them are believers in Voodoo Economics (i.e., trickle down) anyway.
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Washington fix the problem? Washington helped create the problem.
As I read once, the Federal Reserve was created to stabilize the currency and control the boom/bust cycle. Since it's inception, the value of the currency has dropped over 95% and the boom/bust cycles are happening more often and with longer duration. Either the directors of the Fed Reserve are complete idiots or they are doing this by design.
Now you can blame our current situation on the Fed Reserve, free trade, globalization, what have you...they are all controlled by the same people.
Voodoo economics or Keynesian economics...doesn't matter, the same people put the magnets in the roulette wheel.
Republicans v Democrats for the good guys? Corporations v Bankers for the bad guys? Robert Reich has some input on this.
http://www.salon.com/news/opinion/fe...07/10/25/taxes
Would new sausage makers help? Only if they quit playing the old sausage game...which is removing the sausage and replacing it with sawdust.
I'll even advance the notion that our masters are doing a good job. We may be eating greasy sawdust, but we might be eating nothing if not for their control of laissez faire economics. Kinda hard to buy when we're eating sawdust and they're eating the good stuff, along with biscuits, gravy, and over easy's.
I did get a kick out of Obama on the teevee, lecturing the bankers on how he was the only thing between them and the pitchfork. Either that was grand political theater for the Punch and Judy crowd, or the man truly is an idiot.
That's what his job is.
So eat your greasy sawdust and remember...it can get worse.
And as a side note. Even if we do have blood in the streets, and get rid of Obama, or Palin, or whatever fool is sitting in the big chair at the time, along with all of the sausage makers, BIS will still be there...to sell us new ones.
Chas