"Renaissance Thinking About the Issues of Our Day"
$40 billion/month QE to Oligarchs but $0.00 Federal aid to save Democracy in Detroit?
Submitted by telliottmbamsc on 1. March 2013 - 16:28
The Federal Government and it’s Quasi Government agencies guarantee (or whatever) all manner of debt and other forms of assistance to Corporations ALL THE TIME! – knowing it will be used and that the money will probably NEVER be paid back or if it is paid back it will be one hell of long time coming (and probably at 0.0% interest to boot!) So what give’s with Detroit?
You mean to tell me that the Taxpayers are forced to guarantee, say, $7 billion in loans to the crooked nuclear industry but we can’t come up with a way to get the City of Detroit some operating capital TO SAVE DEMOCRACY?!? REALLY?!?
Is this something Obama cooked up when he decided to let Oligarchs sell off the People’s energy reserves overseas so that America could achieve a supply of energy that was independent of foreign countries?!?!?
“Oh the tea party!”, “Oh the republicans!” Hand wringing and hand wringing….FACE IT! We have a President that purposely doesn’t do what the People see as needing to be done.
Try letting a renegade power take away democracy in one of our allies’ countries, or better yet one of those foreign countries our young men and women died in order to expand profit opportunities (sorry, I mean “install democracy” of course) for Multi-National Corporations (sorry, I mean “protect our strategic interests” of course) and watch what happens. Could you imagine the blood shed that would ensue!?!? Obama would be doing back flips to hide the US’s involvement in the killing if he wasn’t over there killing the “terrorists” himself!
But here on American soil it is allowed to happen. “It” specifically being Detroit and other municipalities are allowed to lose democracy in favor of a Financial Dictatorship.
I want the Federal Government to socialize the cost of restoring democracy in Detroit...by whatever means necessary.
And for christ sake, Obama was NOT forced into the sequestration cuts by the Republicans or Tea-party! Obama agreed to the sequestration cuts/Austerity on his own free will in service to Wall St.
Comments
For all intents and purposes, Obama’s Wall St wants the same thing as the Republican’s Tea-Partiers.
Obama agreed to the sequestration cuts on his own free will in service to Wall Street.
$16 Trillion for Wall St and $0.00 bail-out for Detroit.
Corporate profits are more important than maintaining democracy.
The Health of our Corporations is more important than the welfare of the People.
Billions of Tax Payer money given to JP Morgan so they can fuel a $1.5 trillion dollar infrastructure boom in Asia – the Countries main economic competitor, and nothing for Detroit?!!?
Disgusting.