Just when you thought it couldn’t get any worse…
I’m taking time out of my other projects to write about something incredibly important: the 700-billion USD bailout plan for Wall Street.
Quite obviously, there is no better indication of the Bush administration’s utter disdain for their own citizens right to the “pursuit of happiness” than this current bailout. Rather than using the 700-billion dollars in question to fund relief for those whose homes have been repossessed, whose mortgages have been foreclosed, and whose entire savings have disappeared into debt, they hand out what might be the greatest sign of the failure of neo-liberalism (or neo-conservatism) to the private sector. Trickle-down effect? Give me a fucking break.
This is the perfect example of Republican hypocrisy: using the same tax-payer dollars they supposedly hate to take. How the hell do you finance bailouts greater than the GDP of most countries and lower taxes at the same time? Easy. You borrow billions from other countries, thrusting your national debt into parts unknown, and take from the poor and give to the rich.
If passed by congress, this bailout will not cause the American economy to recover. It will simply give Bush’s Wall Street buddies more money to give out for free to people who can’t afford to pay it back. I know what you’re thinking, “They’ll have learned from their mistakes”. I would argue that the complexities of this current recession have reached far beyond the mortgage crisis, and this bailout is putting a band-aid on a bullet-wound.
It’s quite sad to observe the utter state of apathy in the United States today. American citizens have been subdued by the American system of “checks and balances” to the point where they have become completely indifferent to even the most blatant abuses of state power. If there’s anything to be learned from the Bush administration, it’s that America is now so subdued by apathy that members of state can continue to have business investments while simultaneously profiting off of the misery of the people (I’m sure you remember this juicy story).
