Saturday, December 13, 2008

Give the people mud and dirt...to the UAW

Curses. The automakers were denied the relief they sought from the disasterous economy this week. In true Bush administration fashion, the unions(regular folk who seek an honest living so as to care for their families....the little guys)--that is labor-- were punished so that the rich could get richer.

The regulators insisted upon high accountability of the automakers, whereas the giveaway to the banks is largely unaccountable, obstensively because it would be too difficult to separate the public funds from the private ones.

And yet, the automakers were denied 14 billion dollars of desperately needed funds, where the banks were given 1500 billion dollars(ie 1.5 trillion). This includes funds that went to bail out Bear Stearns, AIG, etc...

Lets do the math.

The automakers were asking for funding that amounted to 1/107th of the amount already given to the banking industry, and were denied. Millions of jobs hinge upon the success of the auto industry when you consider parts suppliers, machinists, as well as employees of the Big 3. This was a political game that punished the unionized workers, and all Americans, with no regard to the economic fallout.

The banks were given 107 times as many BILLIONS of dollars of your tax money, and they gave us feeble excuses about why there can be no accountability as to where your tax dollars are being spent.

How ironic then, that the banks are largely responsible for the shortsighted policies that have created this crisis. Witness the housing bubble, the doubling of repayment schedules on credit cards over the past few years and the derivitives bubble. These, along with overseas outsourcing and speculative markets, have eliminated a million jobs already, gutted our economy and sent many into bankruptcy.

And while the auto companies are the victims of their own lack of innovation and high oil prices and loack of vision, they are also now being victimized by the greedheaded gutting of our economy that--due to the bankers actions--are slowing sales of new cars to a grinding halt.


Sources abound, and the bad news arrives daily. The bankers a rewarded for their malfeasance, while the workers are punished.

If only someone would recognize that ALL value that the bankers reap for themselves was created off of the backs and labors of the common man. Without them, there would be created nothing that is of value, and in them is all of this wealth created.

Curses.

The nazis are already in charge.

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