A Revolutionary Concept  

Posted by Mr. Ellsworth Toohey


“We are overcome by anguish at this illogical moment of humanity.”
---Ernesto "Che" Guevara

Here is a revolutionary idea . . . . . . let's have a country that considers its physical citizens before it considers its corporate citizens. It is a radical idea, I know. Marxist to the bone but we should really start thinking about it. Here is why.

We have a wonderful stimulus package that is working its way through Congress. The D's want to pork it out and dumb it down for the Republicans by taking out Mass Transit funding and all that stuff and add $280 billion in tax cuts for corporations and small business. The Republicans counter with "it is all porked out and won't actually fix the economy like more tax cuts will". Put aside the fact that we all were awake for the last 8 years of tax cuts that spiraled our debt out of control. Tax cuts will do nothing. Back in the day when Henry Ford was expanding his empire, he would not pay out dividends to his stock holder and instead put the money back into the corporation. Those days are long gone. Now it is all about the dividends. So that money is not going to expand their operations, it is going to the share holders. The only way some of these corporations are able to pay dividends these days is because they are vacating their US operations and laying off people. We should really reward these people.

The D's aren't much better. The bank bailout, with no way to track the money, was a joke. If you are going to have an equitable stake in some of these companies, get the best deal you can. This stimulus package should be heavy in the Mass Transit and green energy money. There is money for a dog run in NYC.

I am so tired of hearing that we shouldn't have a bill like this. Every economist that doesn't come from the University of Chicago or George Mason University is saying that spending may be all we got. When it is a dying corporation on Wall St, we are all willing to open that wallet. When it is 2.5 million workers out of a job, we want fiscal sanity. Do we want a dog-eat-dog economy where anything goes? Where there is no regulations (except regulating the rights of the workers to unionize)?

Until we have a wholesale change in the way we operate, we are screwed. We need regulation. Deregulation of the Energy and banking industries gave us Enron and the current crisis. Greed filled many wallets and have emptied our treasury. We need to make an example of these people that caused this banking crisis (along with Madoff, that little fucking troll). I am afraid that until we are willing to string a CEO or Two up in a public square with piano wire, our bailouts will just promote more and more irresponsible behavior.

This entry was posted on Wednesday, January 28, 2009 at Wednesday, January 28, 2009 . You can follow any responses to this entry through the comments feed .

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