Friday, September 19, 2008

IT'S OFFICIAL. THE U.S. GOVERNMENT IS WALL STREET'S BITCH.

So let me get this straight. Socialism is the enemy of Wall Street, until the stock market fucks up, and then it's perfectly acceptable. Hey, who would have thought that Dubya would get so desperate that he'd turn to state intervention and government assumption of private debt. Marx, Engels AND Lenin would be impressed, not to mention a tad jealous perhaps.

But anybody who has actually read the stuff of Marx and Engels knows that this isn't some noble program to improve the greater good of the common weal. It's a scared-ass desperate attempt to placate the moneychangers of the world financial marketplace and to drop a gift marker to extend their incredibly reckless losses. On top of that, the Bush Administration is recommending that we pick up all of the losses by buying up these distressed mortgages that never should have been (legally?) allowed to be approved in the first place, and according to some outside experts the cost when the smoke clears will approach a trillion bucks American.

Oh but we're going to crack down on these scofflaws, or as Dubya said recently, "Anyone found engaging in illegal financial transactions will be caught and persecuted..." (Cool! Point me to the pile of rocks! I wanna help to stone some short scammers too!) How convenient that he is taking such a noble and get-tough stance about 122 days before he hands the keys to the White House over to his successor! Gee, we just can't wait to see all of this reform legislation which will prevent investment abuses leading to near economic collapses like this from ever happening again. What I really mean is, we can't wait as in we shouldn't wait, as in our time would be less wasted waiting outside of our homes for magical stray dogs that will shit gold bricks at our curbs.

Those of us who are merely doing all of the actual work and providing the liquid assets for these fuckers to piss away at will are going to continue dealing with skyrocketing cost of living increases, disappearing jobs and general lowering of opportunity and general standards, and we bear this cross for the sins of the wealthiest ten percent of the population which owns seventy one percent of the wealth. But hey, our tax dollars are letting rich people do whatever the fuck they want with no recourse! And what's more, they won't be able to wreck everything all over again until at least a couple of years from now! Maybe! Doesn't that make you feel all warm and fuzzy inside?