I’m not sure whether this should be considered the second great robbery of the century or merely the continuation of the armed robbery begun in Iraq, not only is the Bush regime about to effectively steal the public’s money and give it the global financial parasites, it is encouraging other governments to do the same. The debts will be used as a rationale for cutting welfare, health spreading and expanding privatisation and further moving towards a feudal retrogression, this is the shock doctrine, a massive shock allowing extreme measures to be pushed through. The mistake is to think they are incompetent and didn’t see this coming, this was warned of 8 years ago, certainly greed, machismo and risk taking egotism played a role. But the situation we’re now at has been obvious for some time, this ‘bail out’ and dictatorial powers being given to Paulson are not some knee jerk panic. This is public money being redistributed upward into private hands and democratic control being removed from the treasury. They are pointing a gun in your face and they are taking your money and for generations to come, in Iraq they pulled the trigger quite often, here murder is not as necessary because a stupefied public do not have the slightest idea they are about to be conned on an unprecedented level. It will mean that without major social upheaval and finally forcefully taking back the stolen capital from the rich future politics will be entirely right wing, indeed they are bringing about the end of history through stealing our possibilities of a future. Do not be confused by govt/private in this, this is the wealthy who run both the private sector and government stealing the public’s money, conservative corporate politicians of both parties have hijacked government to use as a tool for their objectives. It doesn’t mean government is bad, that was the scam to reduce regulation that prepared the way for this (and the previous S&L con, again under a GOP regime and Bush’s profited incidentally) but corrupt government run only for the elite is a tool of oppression, (that’s why by and for the people is the important bit and why authoritarian Christianists pretend Under God is the important piece even though they got it added only a few decades ago) and why over the years strategies to strangle unions and atomise opposition with scape-goating of minorities were pursued (as well as the innate racism of many). The government now has combat hardened/traumatised soldiers to fill its security apparatus and with a choice between starving on the street and cracking some heads, positions will be filled. The future will be easy, you will have choice, serve at the elite’s table or fight in their imperial wars or emulate their sociopath predation well enough and you might become one. Universal healthcare? Forget it, Jesus will ease your pain if you deserve his help (ie. you can pay, all praise the prosperity gospel). Dismantling the imperial war machine of industry and government? And lose the only profit centre in the nation, what are you, a terrorist? Decent education? How much do you need learn to hate those that are different and shoot/imprison/taser them or clean a mansions myriad bathrooms or dance around a pole with your bits on show?
Enjoy this cut of DJ Shadow mixing it with Heat, of course the irony here is the robbery is not of a bank by people it is by the banks/corporate government from the people, federal insurance will not cover the debts society will be paying for decades to come and the ultra rich will have Blackwater to deal with any uppity lefties. I would advise you to start studying up, I don’t think this will be solved amicably. Will Obama buckle under, this moment tells you what actual hope (or lack thereof) there might be in the future. If he does not tell his party to block this his position of lesser of two evils gets…lesser.
PS. This mislead about also paying off non US banks gives the game away, it is to help the elite not the people of any country. This will not help any Europeans or Americans it will help the rich, nationalism is used to obscure the truth of class war and this move is to push the Bush scam on other governments all sold in a haze of demagogued American outrage at sponging foreigners. If other governments do not go along they will be painted as scroungers, this is an imperial economic & political ploy to save the capital of a transnational elite. America should reject this plan as should every other nation, it rewards the perpetrators of the crash and leaves us indebted for generations further pushing a global corporate extreme right wing agenda of destroying (social) democracy.