CNN reported that Iran's supreme leader Ayatollah Ali Khamenei drew a line in the sand and told protesters to be cautious after he officially certified the victory for hard line candidate Ahmadinejad. He defended the integrity of the election, denied allegations it was rigged and more or less dispensed with all the hanging chad in one fell swoop. The Powers That Be have spoken. Now what will the people do?
Over here, I ask that same question this month in my June article. Americans may be "mad as hell," but they appear to be taking this whole mess on the chin. Why? What will it take before Americans decide they have seen enough money funneled into the financial system to pay off bad securities bets and wealthy foreign "counterparties?" The Wall Street Journal ran an article today on how the big CEOs flew to resorts on private jets, even after we mailed them their $50 billion in free taxpayer money. What a life. The game just never ends, and these men seem to have no shame at all. Meanwhile that same issue showed Latvian pensioners at each other's throats as retirement money dries up in that beleagured nation. Is this a sneak preview of what we will have here if pension funds go bust?
All across this country the legacy of the Fed Boom-Bust cycles, and the wild leveraged speculation by the banks is plain to see. Foreclosure rates are so high that states have to pass laws to slow them down. Unemployment is increasing at a rate far in execess of the Great Depression. 401ks are evaporating and still millions of Americans go hungry, go without shelter, and without health care. Do you have any idea what the $13.8 trillion we just gave to the bankers would have bought if given instead to the American people? Read my article, and see how long it takes before you, like the millions of Iranians over there, get "mad as hell."
Over here, I ask that same question this month in my June article. Americans may be "mad as hell," but they appear to be taking this whole mess on the chin. Why? What will it take before Americans decide they have seen enough money funneled into the financial system to pay off bad securities bets and wealthy foreign "counterparties?" The Wall Street Journal ran an article today on how the big CEOs flew to resorts on private jets, even after we mailed them their $50 billion in free taxpayer money. What a life. The game just never ends, and these men seem to have no shame at all. Meanwhile that same issue showed Latvian pensioners at each other's throats as retirement money dries up in that beleagured nation. Is this a sneak preview of what we will have here if pension funds go bust?
All across this country the legacy of the Fed Boom-Bust cycles, and the wild leveraged speculation by the banks is plain to see. Foreclosure rates are so high that states have to pass laws to slow them down. Unemployment is increasing at a rate far in execess of the Great Depression. 401ks are evaporating and still millions of Americans go hungry, go without shelter, and without health care. Do you have any idea what the $13.8 trillion we just gave to the bankers would have bought if given instead to the American people? Read my article, and see how long it takes before you, like the millions of Iranians over there, get "mad as hell."
