Why the big three bailout is a BAD idea

[Drazzil]

You may or may not know this but the big three's failure is but a symptom of a larger problem, our main export is debt and our manufacturing jobs have been outsourced and offshored since the beginning of the seventies. Since then we have been proping up our standard of living by running up debt on credit cards and mortgaging our houses to pay on the credit cards. The main problem with the world economy and ours in general is that the US economy is what drives the world economy, and we, the American "consumer" have been constantly consuming, the same goods we used to produce in the seventies. Since then there has been an ever more business and corporate friendly atmosphere allowing businesses and corporations that used to manufacture in the US to offshore, and outsource and any other sanitized term the idiot CEO's can invent for screwing the American worker.

And we as a society have been dumb enough to allow it to happen, we allowed the media, the watchdog of democracy to be consolidated into three major conglemerates, owned by three people, they lull us into a sense of complacency, or as I like to call it, "Mass market apathy" They tell the people that it is normal for two people to have to work to make ends meet, that it is usual to be in debt up to our eyeballs, and that Universal healthcare is "simply untenable". Big media has told us that our shrinking standard of living is "business as usual" and because of "globalization" but carefully avoiding that the top one percent lobbied for these changes in the first place. Mass market media has told us that shipping our jobs to foreign countries that are anti democratic is normal and healthy and "good for the American consumer" but that wanting healthcare and a living wage is "Socialism" or "Communism"

And we as Americans, stupid sheep that we are, have eaten it all up hook line and sinker. We have gone out and bought every single doodad that marketing has told us will make our lives complete. We buy the same crap that US factories used to produce thirty years ago, and do it on the credit cards, even mortagaging our houses to do so. We faithfully consume the goods we no longer produce, to put money in the CEO's pockets all while watching our dwindling fortunes, health and standard of living.

This recent financial crisis has been the result of the mortage industries and the credit card industries playing a rope a dope with the American consumer. The credit card industries have extended credit cards to people they know can no longer meet minimum payments, and the mortage industries has allowed the same person to take out ever more creative loans on their homes, knowing that people will lose their homes five years down the line.

The banking industry did its part to screw America by forclosing in great whacking boatloads, never seeing that they would not be able to get a hundred and fifty grand for the same house they loaned the homeowner five hundred thousand for. The great ponzi scheme of American credit collapsed as consumers could no longer borrow money on their credit cards or homes, the people who could not see beyond their third quarter reports were buried under bad debt that they extended.

Enter the great financial collapse of 08. The same people who created this mess, who singlehandedly crushed the middle class under debt and outsourced American jobs and took their homes now wants a "bail out" The same people who mouthed "personal responsibility" to the same people whose lives they ruined in the name of "free market capitalism" now tell us that they are "too large to fail" and come to the slimebag politicans hat outstretched looking to the same Americans who they screwed since the seventies.

The Republicans and the democrats alike for their part, were more then glad to throw a trillion dollars into the failed schemes of the wall street bankers due to the lobbiests and the whole crooked and corrupt apperatus, one last hurrah, one final grab for the till before the next set of crooks enters office.

The way things are right now, at least from where I am standing, have no chance under Barack Obama, or as he is repeatedly been called "The centrist" I have a word for that, Corporate Democrat. If the American financial system were to be saved, rather then bailing out Wall Street, we would have had to bail out "Main street" and started a public works program not seen since the days of FDR. Not a jump start for Wall Street, or the big three, rather a helping hand for the drowning middle class. Instead, we hear about how Mr. Obama has appointed former "Clintonistas" If the American people wanted a Clinton government, they would have voted for Hillary.
The same politican who called Clinton a corporate democrat and more of the same trips over himself to stack his cabinet with Clinton and Bush administrators. "Change we can believe in" indeed.

"How does all of this relate to the Big Three?" you ask Well, I am getting to that. The big three is basically a microcosm, or small representation of our whole political system. Corrupt to the core, disgustingly inefficient and disgustingly myopic and fatally selfish. The only way to get real change is much as one would treat a condemned building: Tear it down to the foundation and build anew.

The same corrupt system that endlessly screws the average American has is sowing the seeds of its own demise, or as I like to call it "Making deposits in the bank of pain" The same bloated politicans and CEO's who heap debt on the American taxpayer, then take away his or her ability to pay that debt through outsourcing, then cluck their tougnes at the same American and shake their head sadly when they and their family are thrown out on the street make one fatal assumption: That the people of the United States of America have an infinite capacity for being screwed and infinite stupidity not to recognise who is doing the screwing. When things finally get bad enough to where people finally realize that they and their families are on the street, homeless, jobless, peniless, sick and in debt they will ask "How did I get here?" Americans will realize what has happened over the last thirty years and they will be ANGRY, they will have nothing left and if they want to survive they will have but one imperitive, and one choice. To revolt.

So yeah. I am glad when I see these politicans screw the American people, and no, I dont think the big three should be bailed out, let the system fail and let something new be constructed in its place. Its about goddamn time.

MODS: If this post is inappropiate or too political, feel free to delete it.