We were warned by Thomas Jefferson in the past:
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
What we are witnessing today is how empires end.
But we (America) are NOT supposed to be an empire. We are supposed to be a republic.
We have become an empire based on the Neo-Cons wanting constant intervention in foreign affairs leading to more wars and more calls for "democracy building".
The Globalists, with their constant calls for "free trade" and a "who cares" attitude to American companies closing factories here in the USA and moving them to Mexico and China. They are beholden to the god of Corporations.
Unfortunately, these Globalists and Neo-Cons have been running our country for the last 20 years.
Factory after factory has shut down and moved its manufacturing plants overseas, causing millions of jobs losses, yet no one in charge of our government cares.
While at the same time many of these Financial companies are failing, putting millions of the average "Joe" types into the unemployment line, these corporate CEO's are getting $$ millions in golden parachutes.
What we are witnessing today is nothing less than a Katrina-like failure of government, of our political class, and of democracy itself, casting a cloud over the viability and longevity of the system.
Notice who is managing the crisis. Not our elected leaders. Nancy Pelosi says she had nothing to do with it. Harry Reid says he doesn't know what to do. Congress is paralyzed and heading home. President Bush is nowhere to be seen.
Hank Paulson of Goldman Sachs and Ben Bernanke of the Fed chose to bail out Bear Sterns but let Lehman go under. They decided to nationalize Fannie and Freddie at a cost to taxpayers of hundreds of billions, putting the U.S. government behind $5 trillion in mortgages. They decided to buy AIG with $85 billion rather than see the insurance giant sink beneath the waves.
But who's bailing out main street?? Who is helping out "Joe six-pack?" Do any of our "leaders" care about main street??
An unelected financial elite is now entrusted with the assignment of getting us out of a disaster into which an unelected financial elite plunged the nation. We are just spectators.
As the popular magazine Business week said, "globalization has overwhelmed Washington's ability to control the economy."
Real wages for many U.S. workers are down over the past five years and have stagnated for others. Business Week now admits that our weak wage growth is driven by competition from cheap labor in Asia and that Congress is virtually powerless to make any significant difference.
It is high time to get our Financial house in order. I'm just afraid that it may be too late.
Instead of a country "by the people, for the people", we have become a country "by the corporations, for the corporations," while middle class America suffers the most.
It's time to say, No to Globalization, No to free-trade, Yes to fair trade, No to the Federal Reserve controlling OUR country, No to constant foreign intervention, Yes to getting out of Iraq soon, No to Open Borders, Yes to energy independence NOW, Yes to drilling for more oil, Yes for building more refineries, Yes to more Natural Gas plants, Yes to more Nuclear energy plants, Yes to helping the least of these Americans and the middle class, No to corporate welfare, Yes to seizing the assets of those responsible for this financial mess (Corporate Ceo's of Fannie Mae, Freddie Mac, AIG) and giving it back to the American people, No to China, Yes to USA,
And Finally, a BIG YES to AMERICANS FIRST.
Jimbo
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