The Bush government is now busy telling us that our economy is great, and that they can fix what ails it. Bullshit.
They started the foreplay on the economic fuckover with Reaganomics (trickle down, my ass). They stripped us bare with the Rethuglican "Contract
On America". Now, as they are about to come screaming "Oh, thank you God for the profits", we realize that we, the citizens and taxpayers of the US, are the stars in a bizarre economic snuff flick scripted out by rich, Republican run corporations and institutes.
When management has to tell employees "Oh, yeah, we're really solvent, we have money in the bank, yada yada", that means "We're losing our shirt, about to do layoffs, but don't want you to leave before we stiff you on your last paycheck."
When the government tells its citizens "Oh, the economy is sound, the fundamentals are great, it's just a minor correction.", that means "Your investments are screwed, your pension is screwed, you'd do better stuffing cash in a mattress, but we don't want you to panic because our rich pals would lose too and you'd stand us all up against the wall."
Same type of bullshit, different scale.
Please get this through your head - Banks Are Failing!!
Even if these behemoth financial institutions built on slick Ponzi schemes are bailed out, they are still failed. Fannie Mae and Freddie Mac have failed
, and had to be bailed out with your
money. AIG has been "rescued" - with your
money. Will John Q Taxpayer see any return on that investment? No. Just like Iraq has been another colossal waste of taxpayer funds, so is the Big Bank Bailout of 2008. The Bridge to Nowhere hasn't got anything on this bunko scam - at least building it would have put cash into the pockets of the workers who built it!!. Bailouts are just a fancy way of playing disappearing Houdini tricks with our money, and the money of the next three generations of Americans!
Have money in 401Ks? You are now paying twice (once with your contribution, again as a taxpayer when the funds in your portfolio get bailed out) for a loss of value. Great, huh?
If you will check this post from nine months ago
, you will see that I told you so.
Yeah, the feds are "bailing out" the financial giants - but they aren't fixing the hole in our economy, so the rest of us will sink, homeless, jobless and penniless, into a sea of debt and poverty, while the rich will drink champagne in their reserved lifeboats.
Until we flip them over, that is...