Thursday, January 10, 2008

The Fed doesn't get it

The American Economy is crumbing. It is finally breaking from the stress of having become top heavy. The Fed once again has a solution to save it, CUT INTEREST RATES so people can get more credit. Ummmm HELLO! You guys are supposed to be economists, do you not see that the overabundance of credit has seriously fucked up this country already? Americans are working at Wal*Mart making 8 or 9 an hour and spending more than that to buy the cheap lead tainted shit imported from China on credit that makes huge profits for Citibank. This is the new versioni of scrip and the company store.

Standard logic would say that the best way to improve the state of the economy would be to CREATE JOBS that pay a living wage. When the economy took a major dump in the 1930s, President Franklin Delano Rosevelt established work programs that created what is to this day much of the backbone of the infrastructure of the US. That is what is needed today, a NEWER DEAL that gets people working at living wages. The corporations won't like that because the lower the unemployment rate the more they have to pay to get employees. They want you broke, and owing them money.

Rosevelt also did something that no one outside of Dennis Kucinich in the current crop of would be candidates has the balls to do, take on corporate power. To those who believe Sean Hannity's buillshit that Hillary Clinton is a communist, socialist, or even a true liberal, I feel sorry for your brain washing. She is bought and paid for by the same corporations that owned Bill. She may shift slightly to the left of the current administration which is about as far right as Moussolini's Italy, as they have ceded the power to the corporations.

But the fed will cut intrest rates, the stock market will go up, and the one percent that control 90 percent of the assets of this country will be happy. The rest of America will keep being pushed further towards the poverty line.

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