reply to post by midnightbrigade
When fannie/freddie/aig were going under, you would have thought the world was ending.
When the 10th largest economy in the world is going under, nobody in Washington cares.
This looks like a clear message, to me: Bail outs for corporate private power, tough poop for all other power that isn't consolidated in private,
unaccountable hands.
If only California had written several hundred billion dollars in legally impossible to regulate Credit Default Swaps, given the majority of the
profits to a few dozen people, taken all that revenue offshore where it can't be taxed, then crash the world economy because they legally sold junk
that they knew couldn't be backed up.
Had they done all that, they would be doing just fine right now -- courtesy of the tax payer.
Gotta love the plutocrats and the corporatocracy they've built, as well as the success of their propaganda campaign to confuse the majority of voters
into demanding more welfare for the rich and less regulation for private corporate power, which has lead to one disaster after another.
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Corporations dont write immigration law.
Actually they do -- that's why lobbyists get paid something like $200,000 a year starting salary. They use intimidation through media, corporate
campaign funds, lavish gifts, and similar methods of achieving leverage over politicians to get their agendas across.
[edit on 1-7-2009 by Kaytagg]