An e-mail from one of my readers
THAT is the reality in my America today; trillions and TRILLIONS in circulation rounding the globe daily and finding their way into the boardrooms of corporate "players," but the hoi poloi, we mere citizens are being left to just die in the sticks. I know that had I been one of the witnesses against any of the 110 newly freed criminals I would be VERY worried right now.
Oddly, we now have reached the point of income and net worth inequality where it is fair to say we have TWO societies, or classes, one is that which is represented by CNBC, an imperial never never land that has it's own blindingly bright new reality in which millionaire is nothing, you ain't nobody till you are a billionaire; and the rest of us who like in the 1930's are "forgotten." The ones that still get $900 a month to keep them out of poverty such as my mother had when she was alive on her SSI. These people that depend on the "middle" class as if we still had one (they are just the better off poor compared to the new UBERAMERICANOS) and government services to get by. The disparity between rich and the rest has become such a wide gulf that they are rapidly losing all incentive to do anything but to just survive.
As to GM peddling it's liabilities to the taxpayers, well if the taxpayers have a trillion or so to blow on a faux war in Iraq they can damned well pick up the tab for pensions and healthcare for GM workers, we agree that it is the only way GM will stay and American icon. The union will make concessions but not enough to save the company, they cannot. From my point of view any lessening of liability is an increase to assets, and the government has no business giving assets to a private corporation to benefit stockholders and corporate officers that are already GROSSLY overpaid for delivering one insane policy after the next.
We are on borrowed time Charlie. It is September 1929 all over again.