"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Saturday, April 04, 2009

A quick and easy how-to guide on fucking the next 3 generations of Americans

I managed to find this while cruising Mish's Economic Trend Analysis, a very good site for insight to the latest Wall Street shenanigans. Here, in all of its diabolical glory, is the latest Team Obama/Geithner plan to save the bondholders of insolvent financial institutions at taxpayer expense:

14 comments:

Anonymous said...

Team Obama is just doing the Chicago shuffle and stealing as much money as quickly as possible.

Coldtype said...

His buddies on Wall Street intend to steal a good deal more I'm afraid.

Anonymous said...

http://www.rathergood.com/christmas

Anonymous said...

Nice lecture.

The rich get richer, at tax payers expense!

Anonymous said...

Nice lecture.

The rich get richer, at tax payers expense!

"leftisthebest"

Coldtype said...

There's some steam gathering behind efforts to scuttle this bullshit. Let's work towards its success by spreading the word about this "rescue" to as many as we can.

Anonymous said...

will do

"leftisthebest"

Anonymous said...

Happy Easter, Coldie to you and yours.

Coldtype said...

Same to you buddy.

Anonymous said...

“Let your gun therefore be the constant companion of your walks. Never think of taking a book with you.”
-Thomas Jefferson, letter to his nephew

Anonymous said...

http://www.budsgunshop.com/catalog/index.php

Anonymous said...

Here is a pic of Coldie and Lefty:

http://4.bp.blogspot.com/_KxT3bZCpsqw/SebFbHdX93I/AAAAAAAAGSc/BiHJ8YRNrJg/s1600-h/apr1513.jpg

Rue St. Michel said...

Will you people please give the old "Class Divisions" shuck & jive a rest already! My God!

Yes - Obama/Geitner's tax and budget plans are a disaster - because they're punishing the productive sector while rewarding the non-productive elements in society. BHO's budget will generate $1 trillion in deficits EVERY YEAR for the next 10 years.

But it's not the "rich's" fault. I'm sick of people pointing at rich folks and claiming they don't pay their "fair share"

The top 1% of US taxpayers account for 60% of IRS revenues.

Here's a novel idea: Why doesn't the US government cancel withholding for 6 months and let taxpaying and working people KEEP THEIR MONEY so they can do what they want with it? That'd legitimately stimulate the economy.

Coldtype said...

Rue, whom do you define as "rich" if not the Wall Street hustlers? Have you been paying attention at all my friend? The Obama administration has committed 13 TRILLION dollars in taxpayer obligations to the insolvent banking system in order to rescue reckless speculators from the fruits of their own greed. Instead of allowing the shareholders and bondholders of these zombie institutions to take the fucking haircut they've got coming to them, he elects instead--with the ready assistance of Wall Street vets such as Geithner, Rubin, and Summers--to sentence the next 4 generations of Americans to debt peonage.

That's the very definition of class-warfare.

Speaking of class war, we've been in the midst of one since the Great Depression. What do think the assault on organized labor over the past 60 years as been about? One of the reasons the US is in its present tailspin is because the real wages of American workers have been stagnating or declining for the past 30 years. To make up the difference the "supply-side" lunatics who've been running the show for the past 25 years thought unleashing rivers of debt (i.e credit) to workers would then allow them to participate in the "consumer" economy (now fucking 70% of GDP since we no longer produce anything for export) since their actual wages were in the toilet. Well we've seen how that's worked out haven't we?