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depression

Is it time to start calling our depression a depression?

The banks have been bailed out. The banksters all got bonuses from our tax dollars and the bank's investors did not lose their collective asses. For our generosity we were given reduced credit lines, higher interest rates and extraordinary fees. This 'investment' in the banks was going to increase lending. Didn't happen. Legislation to protect us from credit card company greed was killed, not by republicans, but by bribed democrats. Not only that, but the banksters bribed the democrats with money that WE gave them!

The auto industry got billions and used it for something that did not include saving thousands of jobs. Now the last vestiges of American production is being flushed down the drain and America will be manufacturing nothing but hamburgers and debt. Part of the GM recovery will entail moving production offshore, further decimating US jobs.

The latest recipients of public funds are going to be the insurance companies. You know, people like Farmers and State Farm who made a science of cheating Katrina victims. Now they want our help while their management owns private islands.

Mr. President, when is the goddamned middle class of this country going to see some help? At least with Bush we knew we were going to get pissed on.

Did you ever see one of those movies where the president died and the evil chief of staff, (Rahm Emanuel?), brought in a ringer who looked like the president to do evil? Perhaps we should demand a DNA test on our new president.

Originally posted to Juan Liberale on Sat May 16, 2009 at 07:30 AM PDT.

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Comment Preferences

  •  What is your (1+ / 0-)
    Recommended by:
    War on Error

    solution?
    I am also unemployed and broke. I want a job,also.
    I am all ears on your solution.

    •  jobs (1+ / 0-)
      Recommended by:
      Phaseshift360

      Just like what ended the last depression. The government should be spending those billions on hiring people. If only to sweep sidewalks. The economy cannot recover until the middle class has money to buy stuff. Make-work jobs will get money back into circulation, small business will recover and the make-work jobs will be replaced by real jobs.

      •  The stimulus (0+ / 0-)

        was tough to get thru congress. It is supposed to be the ''WPA'' type program. It is not having an immediate effect,clearly.
        Not sure how long it took for FDR to get the WPA up and running, but I have to think it would take time to actually determine which sidewalks to sweep.
        I do understand your angst. I share it. I wish I had a solution. I honestly do not think the loans to the banks is diverting money that could easily be tapped for workers. Congress still does control the purse strings...it is in the constitution.

        •  This is how it works? (1+ / 0-)
          Recommended by:
          island in alabama

          Money goes to Company to organize.  The it goes like this

          To subcontractor, who subcontracts, who subcontracts, who subcontracts,
          who subcontracts, to low wage workers with little left for the actual materials to do the work.

          By the time money allocated for blue tarps after Katrina as siphoned off by about 4-5 subcontractors, all taking a stipend, only $2 a square yard was left and, btw, the tarps were paid for by the FED.  

          Until we demand the GAO end this subcontractor scandal, we will see ten cents on the dollar for Change, or only change to make a difference.

          Cronyism is another word for SubContractor!

          Poverty does not mean powerless. Unite!

          by War on Error on Sat May 16, 2009 at 09:46:41 AM PDT

          [ Parent ]

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