Friday, September 19, 2008

Bailout Nation

While thousands of people have become homeless over the last year-and-a-half, due primarily to predatory lending on the part of unscrupulous brokers acting on behalf of reckless financial institutions, the federal government has been almost nothing to abate this crisis.

But when one of these major financial institutions goes under, the federal government steps in to bail out the entire financial system. And let's be clear, the bailout, in human terms, helps most the corporate executives and large investors.

The final verdict on the "conservative" philosophy of "free-market" capitalism is this: it stands for only one thing, the transference of wealth from the People of the United States to the wealthy Corporate Class by any means necessary. All losses, liabilities and burdens are to be borne by the People, with no exceptions.

This is not the country I was born into. This land is unrecognizable.

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