Tuesday, March 31, 2009

Your Tax Money & Their Bail-Out Plan$



The media in those days was AM radio and the news papers, but there was considerable propaganda at the movie theatres. The News and a cartoon were always shown before the previews and the main feature. In those times the focus was on "guns and butter", and the idea presented was for the tax payers to conserve resources and pay for the war by raising taxes.

We have come a long way since then, and the industrial war complex has morphed into a corpo-government that advocates using up resources and cutting taxes. Propaganda these days is a 24/7 thing where the truth is buried in dis-information by media that is bought and paid for by the same crooks that we are trusting with our tax money.

Paulson Bailout Plan a Historic Swindle

The Nation

By William Greider

September 19, 2008

Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses--many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction?

If Wall Street gets away with this, it will represent an historic swindle of the American public--all sugar for the villains, lasting pain and damage for the victims. My advice to Washington politicians: Stop, take a deep breath and examine what you are being told to do by so-called "responsible opinion." If this deal succeeds, I predict it will become a transforming event in American politics--exposing the deep deformities in our democracy and launching a tidal wave of righteous anger and popular rebellion. As I have been saying for several months, this crisis has the potential to bring down one or both political parties, take your choice.

More


Here's a recent interview by Bill Moyers

Bill Moyers Journal

March 27, 2009

For years best-selling author William Greider sounded the alarm about Washington's unholy alliance with Wall Street and the failure of the Federal Reserve and other regulators to take preventive measures to avoid disaster. Now, he offers some suggestions to the question everyone is asking: "What do we do now?"

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