Amidst the now newsworthy chaotic economic confusion, sales pitches, photo-ops, media stunts, and 'basis point' explanations, remains one basic point our media, politicians, and monetary masters have yet to comprehend: Too many Americans can't afford homes.
That is the story, folks. The alpha and the omega of this cluster-flub. Sub-prime mortgages were contrived under the clueless presumption by Wall Street powersuits that working people actually have the means to afford at least one house. "I have two in the Hamptons alone hah hah. Anybody can afford one in Detroit hah hah. Do the deal. Watch this drive." First they conned themselves. Then they conned hard-working men and women into their lucrative house of cards. Now they feel entitled to rescue, if not reward, for breaking the camel's back with a McMansion-sized anvil, when a straw would've sufficed.
Hello, overlords. We can't pay our mortgage because you already took all our money. Credit card debt, student loans, frozen wages, declining wages, rising energy costs, rising food costs, rising income gap, rising wealth gap, vanishing jobs, and unregulated systematic siphoning schemes of all kinds have shifted the wealth that working families create out of their reach, onto Wall Street's card table. And it's been happening for more than thirty years. ECON 101: Money doesn't evaporate; it changes hands.
Want a solution that works? Pay a living wage. Enforce the securities laws, labor laws, fraud and corruption laws we already have on the books. Green, unionized jobs here, now. If you're gonna blab on and on about the 'Knowledge (Save Yourself, Dummy) Economy,' put $700 billion into free higher education for all (and all the other places your mouth is). Give those who now find themselves being foreclosed on the money to make good on their loans. Renegotiated loans. Fair loans. They have earned it. In one way or another, they've paid Paulson and company enough of their income and savings over the years to deserve some of it - all of it, really - back.
It's time we stop devoting all of our attention, and turning over all of our decisions, considerations, time, attention, and unwarranted respect to the tippy-top of our unjust wealth pyramid. Those at the bottom, the ones who hold the whole bloated beast up, are tired. They have no more to give. Their knees are trembling. They can't prop up these selfish, no-value-creating, calculating, conniving parasites and their sense of entitlement any longer. It should never have been allowed to start. And one way or another, it will stop.
VIDEO: The Money Masters - How Bankers Gained Control of America
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