the bailout blues

ah yes, we all remember it don't we? the unelected pseudo president george bush jr. asurring, that the economy was as strong as ever and getting stronger by the day and reports that economic signs were tanking were overblown and exaggerated by 'timid elements within the market'. and jobs? holy shit! we're adding jobs by the hundreds every month! naturally we know today that rat bastard lied about all this as easily as he lied about iraq so i guess we shouldn't be surprised by it at all. just take everything junior has spewed from his lying mouth and apply the opposite and viola! there you will find the truth is worse than what you were told to imagine! now, i won't chide the rest of you for allowing that disgrace of a human being to continue on in the office of president he stole, but i will remind you that when bill clinton was accused of lying, all of you assholes let him have it with both barrels and still mock the man today. bad americans! bad! but, today, let's talk about financial crisis and not spilt milk, eh? now the fundamentals of the crisis isn't even being talked about much these days though it ought to be because of all the shenanigans and shady deals that led to it. instead, the whole mess is blamed on the irrelevant like the housing bubble bursting and the credit crunch. now, the housing bubble and the credit crunch have as much to do with starting the crisis as i have to do with bees making honey but the illegitimate bush administration and its right wing media bobbleheads on t.v. and radio will tell you what they want you to know because, let's face it, the american people are too friggin' stupid about economics to do anything more than to take their deceitful words for it. the truth is that the credit and housing crunch were a direct result of their unfettered greed. george dubya has had an exceptionally charmed life, which happens when you come from old money and your daddy's powerful enough to sweep all of your sins under the rug. when you look at all of junior's failed business attempts, his swindles (like the dubious texas rangers deal) and --haha!-- insider trades that netted him millions, you easily recognize how utterly inept and incompetant he is at handling anything other than a can of beer or a line of coke. but (dammit!) to blame bush entirely for this crisis would be like blaming the british for world war 2. sure they coulda done something before war became inevitable, but so could've the russians or the french or even the u.s. instead all these governments ended up doing was wonder what to do about the situation, endlessly debate the issue, latch too quickly on rumours that seemed to indicate good times ahead and, finally, getting their asses kicked but good. and that is just what has happened here in america. as soon as the devil (aka karl rove) and his cohorts had the stolen presidency all sown up, the first thing he said to george was, "now dubya, you ain't gotta do a thing. you're just the face man. you leave everything to me and dick and just sit back and enjoy the ride!" "awesome!" declared bush the younger. then rove turned to cheney, their cronies and all the greedy people that financially supported them and cried, "yahooo! all right boys! let the good times roll!" and roll they did. first they set about conquering california and its wealth. no big challenge there. enron provided energy to california so it simply caused rolling blackouts and began gouging consumers so bad that eventually a recall campaign was launched by republicans . once that trap was set it just had to be sprung. enter arnie shwartzenegger (sp?). he had all the popular support he needed and knew after meetings with cheney, rove and ken lay he had all the political support he needed too. next thing you know, california and its large economy were under republican control. by why stop there? there was a $350 billion federal surplus to rob too and a country (iraq) to invade. cheney and his so called energy taskforce had already divied up the spoils of iraq with germany, france, russia and britain (to name a few) in '99. he just had to wait for the joint cia-military-israeli strike on the world trade centres to happen. really folks, do you honestly believe some simple camel jockeys from saudi arabia knows the psychological significance of the numbers 911 on the american psyche? of course not! it's absurd. the date was specifically chosen just because it would resound psychologically with you. after all, you only use 911 when threatened or in danger. now 911 is always in your head and on your mind because --haha!-- the government never let you forget it! so subconsciouly you get uptight., you look at everything cautiously and are always checking over your shoulders. so what does 911 have to do with this financial crisis of ours? oh, just everything! as we all know, we were once a country of laws and civil liberties. unfortunately that doesn't foster greed or allow those in power to change the necessary laws to steal. money without anyone taking too close of a look. but after 911 all of us looked the other way while this theft of our resources was going on. the right wing bobbleheads told us it was unpatriotic to do otherwise. and questioning the actions of our government after 911? why that was high fuckin' treason buddy so shut your goddamn mouth before we sic the fbi on your commie ass! ah yes! just the opportunity needed to change a few things without having ever to explain one bit. of it to anyone! now let's all go invade iraq, take their oil and get filthy rich! yeehah! now it begins. car manufacturers begin pumping out the suv's to drive up oil and gas prices, america's houses are purposely overvalued so that 1) the sellers make tidy profits in the hundreds of thousands and the millions and 2) banks could claim these houses they held in mortgage as collateral for loans they paid out. now take that to a national level. nice little racket eh? saddle a poor, unsuspecting family with a $50,000 home priced at $200,000; claim the inflated price to provide loans out at high interest rates so the bank appears to make huge profits and inflate it's actual value as a company; reclaim the house when the family renigs on the mortgage payments; then sell it back, possibly even to the original owner, at bargain basements prices because --haha!-- the bank still stands to collect on the loans given out against their overvalued assets. that ladies and germs is how money is laundered. tada! so now all this imaginary money is just floating around out there and being passed along as real currency. just to insure this imaginary money has some semblence of legitimacy, the federal reserve prints obscene amounts of paper money which, naturally, deflates the value of the dollar and its buying power. to make matters worse, the illegitimate bush administration took out billion dollar loans from china to pay for the war in iraq in the expectation that the revenue procurred from iraqi oil would pay for it all. so why china? because they hold roughly half of all printed u.s. currency! and therein lies the heart of the trouble because as we common folk on the low end of the financial spectrum know: for every loan you take there will always be a payment due. and when the payments are due you have to pay, otherwise the bank takes your shit. now you begin to see it, eh? naturally when a payment is due and you only have imaginary money you go looking for the people who owe you real money and say, "pay up or else!" but in this country's case these fuckers don't have any real money either and are waiting to be repaid themselves because --haha!-- they gave out all their imaginary money investing in the stock market or whatever venture would make them filthy rich! ' so the bush people declared, "better find some real money or we'll take your business! have the money in a month or you're screwed!" so now the banks and investors need to find real money. and fast! and who has any real money? why just us common folk. sorta. we who live paycheck to paycheck as it is went to yet another bank and borrowed against the equity of our overinflated priced houses, giving this new bank the value assigned it by the bank holding the deed! hooray! the result? now we with real money have to decide between feeding and clothing our families or paying back a high interest loan that should never have been given in the first place because the banks are foreclosing like mad in an effort to sell the properties to make real money for themselves so they can pay back real money to their creditors who need real money to keep the nation solvent. the problem is, there just isn't enough real money to go around. so here we are today. everyone freaking out and doomsayers predicting the collapse of american financial institutions and the nation's fiscal viability. the finance assholes who wanted this system and helped put george bush in power are going to congress with their tales of impoverished woe. "please," they cry, "please bail us out and let us off the hook! look, the american people can pay for it!" and certainly that's what was going to happen until the american public made a ruckus about it. then it was, "we can't bail out wall street unless we also bail out main street.!" suddenly the vultures actually acted like they cared about our situation because if they couldn't sell us on the idea, it wasn't going to happen. "it'll be chaos and ruin!" they said. "it'll be the end of all america!" more fearmongering but it worked and you can't argue against success. enough of the public was swayed to support the bailout or corporate welfare. now these bad businesses want more money and more and more. so what if we don't want to authorize any more money for the bailout? the bought and paid for politicians in the federal government will say say, "well, we're up shit creek without a paddle!" wanna ask what happened to the original bailout money? they'll assure you that it's all too complicated and you'll never understand it and, oh, by the way, we need more money on top of all we've appropriated otherwise the auto industry will fail and mass unemployment will happen! there's no end in sight to it. so that's why i've come to the conclusion no one should have been bailed out. let the market crash, the economy flush itself down the toilet and the chips fall where they may. it was these crooks that did this to us so let them pay for it themselves!!!!!!!! we have got our own troubles down here in the lower classes, yeah? fuck them. they didn't care what happened to us when they initiated these terrible policies or pumped up oil prices to make more profits, so why should we care about their misfortune which they brough on themselves? answer: we shouldn't. "ah! but america," they politicians say, "it will be the great depression all over again!" sure it will. it'll be the great depression times 911.