The American people rose up against unfairness with the 2008 election just as their forefathers had rebelled against unfair taxation by British royals in the 1776.
They voiced their opinion loud and strong after eight disastrous years in which constitutional rights were trampled in a pretext of fighting a faceless protean enemy, after eight years of head-spinning lies and finally, after eight years of an economic policy that gave such advantage to unregulated financial ambition, competition and just plain greed and privilege, that the entire global economy has now plunged into a bottomless crisis.
That policy remains in effect during the two-and-a-half month transition period between America's call for change and the ability of America's choice to carry out its will.
The amount of damage still to be inflicted during that time is unfathomable if the first weeks of the post-election period are any indication of what is likely to happen in the rest.
A $700 billion "bailout" package for American financial institutions was rejected at first by Congressional leaders due to a public outcry that jammed e-mails and phone lines.
It was passed after dire threats that the bottom would fall out from under ordinary citizens if the reckless institutions were not shored up with the tax dollars of American workers being laid off in every sector of American industry, from auto and travel to the banks and financial institutions being bailed out.
Half that money was doled out amidst heavy elbowing of claims for eligibility through the accounting and corporate sleights-of-hand involving legal nuances to reclassify businesses from one form of corporation to another.
The second half of the "bailout" that was at first professed to be "not a bailout" was intended to go into a purchase of "toxic" mortgages the institutions had purchased so as to tourniquet the hemorrhage of foreclosures.
That game plan was jettisoned a week after the election in favor of a new plan to shore up the consumer lending sector because the trillions of "bailout" dollars given to financial institutions made no impact.
The institutions were bailed out but the money was not flowing.
That meant the American people whose tax dollars financed the "bailout" received nothing in return with which to stimulate the ailing economy.
The "bailout" money failed to "trickle down.
" The system is clogged.
On Sunday, November 16, the New York Times reported that personal bankruptcies rose to a record level in October with nearly 109,000 filings, up 8 percent over September.
Stiffer regulations passed in 2005 by the current administration had made it more difficult to file for bankruptcy since then.
Still, the record number of filings in October translates to nearly 5,000 bankruptcies being filed every day in the United States.
On the previous Friday, November 14, Bloomberg.
com reported a story to indicate just how brazenly the executives of the giant insurer AIG intend to continue stunning the American public.
First to benefit from the "bailout," they were caught holding an approximate half million dollar retreat.
Media attention deflected a similar California retreat but a week later, they were confronted at an English hunt, where journalists were told the executives were "relaxing well, thank you.
" By the second week of November, as the American economy failed to reflect the impact of "stimulus" measures, AIG announced it had set aside over $300 million of the "bailout" money for executive compensation to keep the inept executives who had created the crisis from bolting to competition.
The stunning scenario is beyond the experience of the average American raising a family and handling a mortgage on an approximate income of $50,000 a year.
But the spirit of unfairness and inequity was voiced in the 2008 election.
The 2008 American vote demanded that gross disparities of income and entitlements be addressed.
In the transition period between the vote and the taking of command, Americans continue the revolution against unfairness they unleashed with the election.
They're reaffirming their position by simply not shopping.
They will not spend what little money they have left to stimulate the economy for the benefit of the greedy.
They voiced their opinion loud and strong after eight disastrous years in which constitutional rights were trampled in a pretext of fighting a faceless protean enemy, after eight years of head-spinning lies and finally, after eight years of an economic policy that gave such advantage to unregulated financial ambition, competition and just plain greed and privilege, that the entire global economy has now plunged into a bottomless crisis.
That policy remains in effect during the two-and-a-half month transition period between America's call for change and the ability of America's choice to carry out its will.
The amount of damage still to be inflicted during that time is unfathomable if the first weeks of the post-election period are any indication of what is likely to happen in the rest.
A $700 billion "bailout" package for American financial institutions was rejected at first by Congressional leaders due to a public outcry that jammed e-mails and phone lines.
It was passed after dire threats that the bottom would fall out from under ordinary citizens if the reckless institutions were not shored up with the tax dollars of American workers being laid off in every sector of American industry, from auto and travel to the banks and financial institutions being bailed out.
Half that money was doled out amidst heavy elbowing of claims for eligibility through the accounting and corporate sleights-of-hand involving legal nuances to reclassify businesses from one form of corporation to another.
The second half of the "bailout" that was at first professed to be "not a bailout" was intended to go into a purchase of "toxic" mortgages the institutions had purchased so as to tourniquet the hemorrhage of foreclosures.
That game plan was jettisoned a week after the election in favor of a new plan to shore up the consumer lending sector because the trillions of "bailout" dollars given to financial institutions made no impact.
The institutions were bailed out but the money was not flowing.
That meant the American people whose tax dollars financed the "bailout" received nothing in return with which to stimulate the ailing economy.
The "bailout" money failed to "trickle down.
" The system is clogged.
On Sunday, November 16, the New York Times reported that personal bankruptcies rose to a record level in October with nearly 109,000 filings, up 8 percent over September.
Stiffer regulations passed in 2005 by the current administration had made it more difficult to file for bankruptcy since then.
Still, the record number of filings in October translates to nearly 5,000 bankruptcies being filed every day in the United States.
On the previous Friday, November 14, Bloomberg.
com reported a story to indicate just how brazenly the executives of the giant insurer AIG intend to continue stunning the American public.
First to benefit from the "bailout," they were caught holding an approximate half million dollar retreat.
Media attention deflected a similar California retreat but a week later, they were confronted at an English hunt, where journalists were told the executives were "relaxing well, thank you.
" By the second week of November, as the American economy failed to reflect the impact of "stimulus" measures, AIG announced it had set aside over $300 million of the "bailout" money for executive compensation to keep the inept executives who had created the crisis from bolting to competition.
The stunning scenario is beyond the experience of the average American raising a family and handling a mortgage on an approximate income of $50,000 a year.
But the spirit of unfairness and inequity was voiced in the 2008 election.
The 2008 American vote demanded that gross disparities of income and entitlements be addressed.
In the transition period between the vote and the taking of command, Americans continue the revolution against unfairness they unleashed with the election.
They're reaffirming their position by simply not shopping.
They will not spend what little money they have left to stimulate the economy for the benefit of the greedy.
Source...