Thursday, September 11, 2008

What's Going On?

My friend in Taiwan IMed me this morning and asked, "What the hell is going on in the United States right now?"

The truth is, I have no idea. I'm pretty mystified at what's been happening in the '08 general election, particularly since John McCain chose Sarah Palin as his running mate.

What seemed at first like an obviously campaign-ending decision by John McCain has in recent days become almost universally touted as a political masterstroke. My first hint that the US had slipped into Bizarro World was when I tuned into "This Week with George Stephanopolous" the Sunday morning following her selection. Of the 4 gathered panelists in George's round table, only the ineffectual Sam Donaldson seemed to think choosing a politician with next to no foreign policy experience after hitting Obama for the exact same resume gap was too reckless and nakedly hypocritical for his campaign to recover from. Everyone else? Loved her. Thought it was a great move politically. I thought they'd all had strokes. Turns out, joke's on me.

Naked hypocrisy, apparently, means nothing when you're dealing with the people who have, to date, been sitting this election out because John McCain isn't conservative enough to arouse their interest. They're waiting to hear their politicians say a few things. Like "opposed to abortion even in the case of rape, incest and life of the mother." Like "believes in the literal truth of the Bible." Like "believes Creationism should be taught in public schools." They've heard it from the McCain camp, and now they can get excited. From all appearances, Sarah Palin is as hostile to education, intellect and science as a lot of Evangelical voters are, and so McCain has quite cynically bought himself a lot of votes by choosing her to be his Vice President.

I feel like I'm staring down the barrel of another goddamn 4 years of Republican dominance of two branches of the federal government. A loss this year would be a shock to the system I can hardly contemplate.

Before I go too far down that path of fear and loathing, I will briefly relate some of what maddening-but-independent-seeming Camille Paglia wrote on Salon.com today. She said that a.) she doesn't believe as the gospel truth everything they're writing about Sarah Palin's alleged far-right religious views, which seems like a sensible viewpoint. Paglia likens all the stuff they're writing about her crazy Christian views to the stuff they were saying about Obama's Muslim-ness and unpatriotic-ness, and Lawd knows that stuff was bullshit. So whenever McCain thinks Palin's got a good evasive line down for each of the scandals percolating back in her home state (and learns the names of all the important world leaders), and lets her have a serious sit-down interview, maybe she'll let us know where she stands on all those wedge issues (abstinence, abortion, evolution, guns) that have gotten Evangelicals excited, and have us progressives terrified/angry. If she's as bad as I'm hearing she is (and suspect she is), on these issues, then a McCain win in November might be the only thing worse than a 3rd Bush term.

21 comments:

moorhead said...

Agreed - I was sure people would be offended by this choice. Shows what I know.

Though honestly, I'd been hoping for this a little. I want Obama to hit election day as an underdog. I don't want people to decide they don't need to vote because he's got it all wrapped up. I want Obama voters to be absolutely terrified their guy won't win.

monolith said...

brian
better get that frequent visitor card on your keychain for your local liquor store cause we are in for another 4 years of "conservative" higher spending.
sorry man
eww navy seals!

nathan said...

Craig...god, i wish you weren't right about that, but you may be. We need all the turn out we can get for this. And it would be good if the evangelicals felt secure enough to sit it out.

I wonder...if McCain had a coronary on Oct 31st...And Palin became the nominee (not that I'm sure that's what would happen)...would it hurt her chances or would even more crazies come out of the wood-work?

blankfist said...

Look at the chicken littles. Hilarious. No one in the two party system is an underdog. Haha. Brilliant. If you really are worried about the economy, then I'd recommend not voting for either Obama or McCain, because there will be more reckless overspending from both.

Anonymous said...

McCain is ahead 5 points. The Majority of the WHITE electorate prefers the Republicans. Go to Gallup.com to check it out.

Furthermore, neither Obama nor McCain will be able to get the US out of its current financial mess. We are in deep trouble. We are running the country by recycled US dollars on a Ponzi Scheme of Asset Price Inflation and no production growth to speak of...

Basically, the richest 1% received 57.5% of income generated by wealth which is mostly inherited. These returns are from Interest, Rent, Capital gains - there is no return to FREE ENTERPRISE here - it weighs down the market and with a lack of an inheritance tax - you basically have an Oligarchy.

Moreover, 20% of population receives 86% of all income.

Include Corporate Tax rate which is VERY LOW at the moment -maybe around 12%.

Since NeoCons got in office in 1980 with Reagan (i'd include Clinton in this group) we have seen the dismantling of the social welfare state of the US (NEW DEAL) and the privitization of the commons (Municipalities, Education, Energy) and the shipping of manufacturing and production of goods/jobs overseas due to cheap labor in 1991 after the fall of communism and replaced by FIRE industry (Finance,Insurance, Real Estate).

So, these bottom 90% have been trying to make money by going into debt to buy homes and/or property.

But, with debt growth = RE/Price Increase and with this comes increase in credit and an increase of finance charges. People just can't keep up.

In the meantime, the FED is artificially keeping Housing Prices higher than normal with favorable tax breaks on finance and property (leading to cuts in school and hospital funding).

This ASSET PRICE INFLATION - is seen as wealth creation by focusing on RE, stocks and bond prices. Even as disposable income and living working conditions are eroded and prices of oil/gas, healthcare and food rises. All of this takes money away from consumer spending which bolsters the economy and creates job growth.

So what happens when society is focused exclusively on paper wealth? What happens when housing prices fall? Families are caught in a bind - and locked into places that have negative equity.

Solution: go back to the 1913 Tax law - don't tax anyone making under 103K a year.

And - taxes should hit FIRE industry (finance, insurance, Real Estate) and monopolies - not wages or industrial profits stemming from capital investment and employment.

Wall steet aim is to free itself from taxation and to shift burden onto labor.

Basically, I call this fictitious capital: paper claim to wealth (in form of profit, interest, ground rent)in excess of total available surplus value, plus loot from primitive accumulation (invading and taking another countries resources).

Finally - we have $33 Trillion in outstanding debt (from Fed to personal) - 3X GDP. State Debt (Fed, local, state) consumes 40% of GDP. Nobody knows how much is tied up in hedge funds and derivatives.

the Net US debt abroad is 3 trillion (11 trillion held by foreigners minus 8 trillion in US assets abroad). That amount is growing 500 billion per year.

4 major Asian Central Banks (Japan, South Korea, China, Taiwan) as of 2005 held over 1 trillion.

In order to keep lenders loaning us money so we can keep consuming their exports we need to maintain:

1) Low inflation in the US
2) Willingness of consumers to go more and more into debt (debt service now takes up 14% of income).
3) Willingness of and ability of foreigners to go on relending US balance of payments deficits back to the US.

The main thing to watch is dollar hegemony. We must maintain our power through military means and also ensure that everyone continues to buy and sell in dollars. A shift to EUROS worldwide would lead to a catastrophic situation.

BTW:

The defence budget for fiscal 2008 is the largest since the second world war.

The top spenders

The world’s top 10 military spenders and the approximate amounts each currently budgets for its military establishment are:

Rank Country Military budget
1. United States (FY 2008 budget) $623bn
2. China (2004) $65bn
3. Russia $50bn
4. France (2005) $45bn
5. United Kingdom $42.8bn
6. Japan (2007) $41.75bn
7. Germany (2003) $35.1bn
8. Italy (2003) $28.2bn
9. South Korea (2003) $21.1bn
10. India (2005 est.) $19bn
World total military expenditures (2004 est) $1,100bn

Do you NOT see a picture of this - and how is Big Government the sole culprit?

- PAPA

blankfist said...

[/vagina monologue]

Anonymous said...

Heath -

Either you are part of the Thought police or Groupthink advocate and don't want me to express my thoughts...

Or - you supposedly speak for everyone on this list who is annoyed by my long posts. If so - I'd like to read their statements asking me to immediately halt all long reponses. This consensus will allow me to abide by established and agreed upon policy for the blog moving forward.

Also, nobody as of yet has debated the content of my posts - so either 1) People agree, 2) Don't care, 3) Disagree but don't feel it important enough to respond, 4) Don't understand what I'm talking about and if so - please let me know so I can explain myself in a more concise manner or 4) Respond, but with mostly juvenile, unrelated comments that mask a complete philistine cluelessness to the current geo-political/economic situation that underscores everything - something that I have been an amatuer student of for years...

In closing, do you really believe a naive, closet white nationalist like Ron Paul - whose narrow minded economic and foreign policies (isolationist and anti-government) would surely undermine the economic and military hegemony required for the US to maintain its dominance as the surrogate controller and police man of the world capitalist system - offers the all encompassing messianic SOLUTION to solving our problems? Which is what? It is following the original draft of the constitution and going back on the gold standard- a document wrought by bitter comprimise by white, property owning men and a process that has raped the earth of vital natural resources!

I'm being a realist - Since 1880's the capitalist system reigns supreme and nation states form imperialist/inter rivalries that have changed the world not to mention affected/influenced the created labor classes and has given birth to historical movements of emancipation. I am merely trying to give a historic overview and context to all of these issues that people react to...That is all..

Love,

The Bleeding Vagina

- PAPA

Peggy said...

Paul -

I like your posts. Particularly, when I agree with them. I don't think people making under 100k should pay taxes. And I do think people making more need to pay more taxes. (Not pay more to our accountants who get us back all the taxes - but pay more actual taxes.)

Unfortunately, people in this country don't give a damn about anyone but themselves and their dear sweet baby jesus.

WARNING - GRAPHIC CONTENT

If person A wants to stick his dick in person B's ass, and person B wants it there, then who the fuck are these people to come along and say NO?

If I get raped by some neanderthal republican and want to terminate the pregnancy, who the fuck are these people to come along and say NO?

I'm just tired of "christians" thinking they should make the decisions for everyone else. Its ridiculous.

The second they start prayer in school - I will burn them all down - come visit me in prison!

blankfist said...

Two nights ago I had to hear my gay neighbors having sex. I'll just let you wonder about that one for a bit. I wonder when they hear heteros having sex if they get as grossed out? Hmmm.

Gay sex aside, I don't believe in taxing one group of people more because they make more. Where's the fairness in that? First, I don't believe in income tax at all, so if in a perfect world this conversation about taxes would be moot. But, if we are to have an income tax, then we should overtax some while not taxing others. That's not fair. Some people do actually work very hard to earn that extra scratch, and it's not fair to penalize them.

Also, Paul, I was just messing with you, dude. Your post are long, but that's cool. I just wanted to let people know that was the end of your vagina monologue. That's all. It was a great. I think you'll win an Obie.

blankfist said...

Edit: "then we should overtax some while not taxing others."

Should be: "then we should NOT overtax some while not taxing others."

monolith said...

without taxes there would be no internet. work back from there.

JudgeHolden said...

Hey Paul, I love your comments dude -- keep posting up. I'm glad you're sharing your thoughts on my blog. I rarely agree with them, and I hate feeling like the right-winger when I read something, but I always think they're based on lots of reading and thinking.

And yeah, that was my wife with the musing on the gay sex.

blankfist said...

This video is for you, Paul.

Anonymous said...

Thanks for the words of encouragement. Always like to give the radical perspective to the group.

- PAPA "the penetrator" PAPADEAS

Harwell said...

Yo Paul,

Gretchen and I were talking about this a couple days ago and she came up with a radically simple suggestion: you should start your own blog.

Seriously! You know we'd all read it! And then it would be easier to follow links to everything you reference and could be organized the way you see it and would totally be from your perspective. And I'd bet you'd be more likely to get the responses that you're looking for in the comments section here.

Basically what it all boils down to is you needing your own blog. Shall I sign you up?

monolith said...

I just bought PaulPapadeas.com.

Anonymous said...

Yes - thanks for that idea!

Thinking about it - problem is that I still have a day job who would more than likely find out about this.

Imagine the types of things I would inevitably post on the blog! Being in HR - I've heard horror stories. I would have to register it under an alias - maybe Francois Fedora? Is this doable? How is this done? Maybe I could use my hotmail.com address?

If that is the case - then yes - I CAN'T WAIT!

I'll call it - THE REALM OF FICTITIOUS CAPITAL - charting the inevitable meltdown of our dear system...

- PAPA

blankfist said...

Great title Paul! In no way will that make you sound pretentious. Good pick.

Anonymous said...

dead blog

nathan said...

The Palin/McCain Tick is back down in the polls. 6 pts. not bad.

I've been reading about the Bradley effect. How much validity do you guys think that has?

Anonymous said...

Amazing. The first ever global depression will go down in history horribly misunderstood. What a pathetic bunch of ignorant fools we have become. Consumer junkie credit card morons. Say that reminds me.

Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. Its like a game of Monopoly. In America, the richest 1% now hold ALMOST 1/2 OF ALL UNITED STATES WEALTH. Unlike ‘lesser’ estimates, this includes all stocks, bonds, cash, offshore accounts, and material assets held by America’s richest 1%. Even that filthy pig Oprah acknowledged that it was at about 50% in 2006. Naturally, she put her own ‘humanitarian’ spin on it. Calling attention to her own ‘good will’. WHAT A DISGUSTING HYPOCRITE SLOB. THE RICHEST ONE PERCENT HAVE LITERALLY MADE WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. Don’t fall for any of their ‘humanitarian’ CRAP. ITS A SHAM. THESE PEOPLE ARE CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. Ask any professor of economics. Money does not grow on trees. The government can’t just print up more on a whim. At any given time, there is a relative limit to the wealth within ANY economy of ANY size. So when too much wealth accumulates at the top, the middle class slip further into debt and the lower class further into poverty. A similar rule applies worldwide. The world’s richest 1% now own over 40% of ALL WORLD WEALTH. This is EVEN AFTER you account for all of this ‘good will’ ‘humanitarian’ BS from celebrities and executives. ITS A SHAM. As they get richer and richer, less wealth is left circulating beneath them. This is the single greatest underlying cause for the current US recession. The middle class can no longer afford to sustain their share of the economy. Their wealth has been gradually transfered to the richest 1%. One way or another, we suffer because of their incredible greed. We are talking about TRILLIONS of dollars which have been transfered FROM US TO THEM. All over a period of about 27 years. Thats Reaganomics for you. The wealth does not ‘trickle down’ as we were told it would. It just accumulates at the top. Shrinking the middle class and expanding the lower class. Causing a domino effect of socio-economic problems. But the rich will never stop. They just keep getting richer. Leaving even less of the pie for the other 99% of us to share. At the same time, they throw back a few tax deductible crumbs and call themselves ‘humanitarians’. Cashing in on the PR and getting even richer the following year. IT CAN’T WORK THIS WAY. Their bogus efforts to make the world a better place can not possibly succeed. Any 'humanitarian' progress made in one area will be lost in another. EVERY SINGLE TIME. IT ABSOLUTELY CAN NOT WORK THIS WAY. This is going to end just like a game of Monopoly. The current US recession will drag on for years and lead into the worst US depression of all time. The richest 1% will live like royalty while the rest of us fight over jobs, food, and gasoline. So don’t fall for any of this PR CRAP from Hollywood, Pro Sports, and Wall Street PIGS. ITS A SHAM. Remember: They are filthy rich EVEN AFTER their tax deductible contributions. Greedy pigs. Now, we are headed for the worst economic and cultural crisis of all time. Crime, poverty, and suicide will skyrocket. SEND A “THANK YOU” NOTE TO YOUR FAVORITE MILLIONAIRE. ITS THEIR FAULT. I’m not discounting other factors like China, sub-prime, or gas prices. But all of those factors combined still pale in comparison to that HUGE transfer of wealth to the rich. Anyway, those other factors are all related and further aggrivated because of GREED. If it weren’t for the OBSCENE distribution of wealth within our country, there never would have been such a market for sub-prime to begin with. IF IT WEREN'T FOR THE OBSCENE, UNREASONABLE, AND UNJUST DISTRIBUTION OF UNITED STATES WEALTH, THERE NEVER WOULD HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE NEVER WOULD HAVE BEEN A COLLAPSE IN THE HOUSING MARKET. Sub-prime did not cause the problem. It only accelerated the outcome. Which by the way, was another trick whipped up by greedy bankers and executives. IT MAKES THEM RICHER. The credit industry has been ENDORSED by people like Oprah Winfrey, Ellen DeGenerous, Dr Phil, and many other celebrities. IT MAKES THEM RICHER. In fact, they specifically endorsed Countrywide by name. The same Countrywide widely responsible for predatory adjustable rate sub-prime lending and the accelerated collapse of the housing market. ENDORSED BY OPRAH WINFREY, ELLEN DEGENEROUS, AND DR PHIL. Now, there are commercial ties between nearly every industry and every public figure. IT MAKES THEM RICHER. It also drives up the cost for nearly every product and service on the market. So don’t fall for their ‘good will’ BS. ITS A LIE. If you fall for it, then you’re a fool. If you see any real difference between the moral character of a celebrity, politician, attorney, or executive, then you’re a fool. No offense fellow citizens. But we have been mislead by nearly every public figure. We still are. Even now, they claim to be 'hurting' right along with the rest of us. As if gas prices actually effect the lifestyle of a millionaire. ITS A LIE. IN 2007, THE RICHEST 1% INCREASED THEIR AVERAGE BOTTOM LINE WEALTH AGAIN. On average, they are now worth over $4,000,000 each. Thats an all time high. As a group, they are now worth well over $17,000,000,000,000. THATS WELL OVER SEVENTEEN TRILLION DOLLARS. Another all time high. Which by the way, is much more than the entire middle and lower classes combined. Also more than enough to pay off our national debt, fund the Iraq war for twenty years, repair our infrastructure, and bail out the US housing market. Still think that our biggest problem is China? Think again. Its the 1% club. That means every big name celebrity, athlete, executive, entrepreneur, developer, banker, and lottery winner. Along with many attorneys, doctors, politicians, and bankers. If they are rich, then they are part of the problem. Their incredible wealth was not 'created', 'generated', grown in their back yard, or printed up on their command. It was transfered FROM US TO THEM. Directly and indirectly. Its become near impossible to spend a dollar without making some greedy pig even richer. Don't be fooled by the occasional loss of a millionaire's fortune. Overall, they just keep getting richer. They absolutely will not stop. Still, they have the nerve to pretend as if they care about ordinary people. ITS A LIE. NOTHING BUT CALCULATED PR CRAP. WAKE UP PEOPLE. THEIR GOAL IS TO WIN THE GAME. The 1% club will always say or do whatever it takes to get as rich as possible. Without the slightest regard for anything or anyone but themselves. Reaganomics. Their idea. Loans from China. Their idea. NAFTA. Their idea. Outsourcing. Their idea. Sub-prime. Their idea. High energy prices. Their idea. Oil 'futures'. Their idea. Obscene health care charges. Their idea. The commercial lobbyist. Their idea. The multi-million dollar lawsuit. Their idea. The multi-million dollar endorsement deal. Their idea. $200 cell phone bills. Their idea. $200 basketball shoes. Their idea. $30 late fees. Their idea. $30 NSF fees. Their idea. $20 DVDs. Their idea. Subliminal advertising. Their idea. Brainwash plots on TV. Their idea. Vioxx, and Celebrex. Their idea. Excessive medical testing. Their idea. The MASSIVE campaign to turn every American into a brainwashed, credit card, pharmaceutical, medical testing, love-sick, celebrity junkie. Their idea. All of the above drive up the cost of living, shrink the middle class, concentrate the world’s wealth and resources, create a dominoe effect of socio-economic problems, and wreak havok on society. All of which have been CREATED AND ENDORSED by celebrities, athletes, executives, entrepreneurs, attorneys, and politicians. IT MAKES THEM RICHER. So don’t fall for any of their ‘good will’ ‘humanitarian’ BS. ITS A SHAM. NOTHING BUT TAX DEDUCTIBLE PR CRAP. In many cases, the 'charitable' contribution is almost entirely offset. Not to mention the opportunity to plug their name, image, product, and 'good will' all at once. IT MAKES THEM RICHER. These filthy pigs even have the nerve to throw a fit and spin up a misleading defense with regard to 'federal tax revenue'. ITS A SHAM. THEY SCREWED UP THE EQUATION TO BEGIN WITH. If the middle and lower classes had a greater share of the pie, they could easily cover a greater share of the federal tax revenue. They are held down in many ways because of greed. Wages remain stagnant for millions because the executives, celebrities, athletes, attorneys, and entrepreneurs, are paid millions. They over-sell, over-charge, under-pay, outsource, cut jobs, and benefits to increase their bottom line. As their profits rise, so do the stock values. Which are owned primarily by the richest 5%. As more United States wealth rises to the top, the middle and lower classes inevitably suffer. This reduces the potential tax reveue drawn from those brackets. At the same time, it wreaks havok on middle and lower class communities and increases the need for financial aid. Not to mention the spike in crime because of it. There is a dominoe effect to consider. IT CAN'T WORK THIS WAY. But our leaders refuse to acknowledge this. Instead they come up with one trick after another to milk the system and screw the majority. These decisions are heavily influensed by the 1% club. Every year, billions of federal tax dollars are diverted behind the scenes back to the rich and their respective industries. Loans from China have been necessary to compensate in part, for the red ink and multi-trillion dollar transfer of wealth to the rich. At the same time, the feds have been pushing more financial burden onto the states who push them lower onto the cities. Again, the hardship is felt more by the majority and less by the 1% club. The rich prefer to live in exclusive areas or upper class communities. They get the best of everything. Reliable city services, new schools, freshly paved roads, upscale parks, ect. The middle and lower class communities get little or nothing without a local tax increase. Which, they usually can't afford. So the red ink flows followed by service cuts and lay-offs. All because of the OBSCENE distribution of bottom line wealth in this country. Anyway, when you account for all federal, state, and local taxes, the middle class actually pay about the same rate as the rich. The devil is in the details. So when people forgive the rich for their incredible greed and then praise them for paying a greater share of the FEDERAL income taxes, its like nails on a chalk board. I can not accept any theory that our economy would suffer in any way with a more reasonable distribution of wealth. Afterall, it was more reasonable 30 years ago. Before Reaganomics came along. Before GREED became such an epidemic. Before we had an army of over-paid executives, bankers, celebrities, athletes, attorneys, doctors, investors, entrepreneurs, developers, and sold-out politicians to kiss their asses. As a nation, we were in much better shape. Strong middle class, free and clear assets, lower crime rate, more widespread prosperity, stable job market, lower deficit, ect. Our economy as a whole was much more stable and prosperous for the majority. WITHOUT LOANS FROM CHINA. Now, we have a more obscene distribution of bottom line wealth than ever before. We have a sold-out government, crumbling infrastructure, energy crisis, home forclosure epidemic, credit crunch, weak US dollar, 13 figure national deficit, and 12 figure annual shortfall. The cost of living is higher than ever before. Most people can't even afford basic health care. ALL BECAUSE OF GREED. I really don't blame the 2nd -5th percentiles in general. No economy could ever function without some reasonable scale of personal wealth and income. But it can't be allowed to run wild like a mad dog. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. UNBRIDLED CAPITALISM ABSOLUTELY CAN NOT WORK. TOP HEAVY ECONOMIES ALWAYS COLLAPSE. Bottom line: The richest 1% will soon tank the largest economy in the world. It will be like nothing we’ve ever seen before. The American dream will be shattered. and thats just the beginning. Greed will eventually tank every major economy in the world. Causing millions to suffer and die. Oprah, Angelina, Brad, Bono, and Bill are not part of the solution. They are part of the problem. THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN. EXTREME WEALTH MAKES WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. WITHOUT WORLD PROSPERITY, THERE WILL NEVER BE WORLD PEACE OR ANYTHING EVEN CLOSE. GREED KILLS. IT WILL BE OUR DOWNFALL. Of course, the rich will throw a fit and call me a madman.. Of course, they will jump to small minded conclusions about 'jealousy', 'envy', or 'socialism'. Of course, their ignorant fans will do the same. You have to expect that. But I speak the truth. If you don’t believe me, then copy this entry and run it by any professor of economics or socio-economics. Then tell a friend. Call the local radio station. Re-post this entry or put it in your own words. Be one of the first to predict the worst economic and cultural crisis of all time and explain its cause. WE ARE IN BIG TROUBLE.


So what can we do about it? Well, not much. Unfortunately, we are stuck on a runaway train. The problem has gone unchecked for too many years. The US/global depression is comming thanks to the 1% club. It would take a massive effort by the vast majority to prevent it. Along with a voluntary sacrifice by the rich. THATS NOT GOING TO HAPPEN. But if you believe in miracles, then spend your money as wisely as possible. Especially in middle and lower class communities. Check the Fortune 500 list and limit your support of high profit/low labor industries (Hollywood, pro sports, energy, credit, pharmaceutical, cable, satelite, internet advertising, cell phone, high fashion, jewelry, ect.). Cancel all but one credit card for emergencies only. If you need a cell phone, then do your homework and find the best deal on a local pre-pay. If you want home internet access, then use the least expensive provider, and share accounts whenever possible. If you need to search, then use the less popular search engines. They usually produce the same results anyway. Don't click on any internet ad. If you need the product or service, then look up the phone number or address and contact that business directly. Don't pay to see any blockbuster movie. Instead, wait a few months and rent the DVD from a local store or buy it USED. If you want to see a big name game or event, then watch it in a local bar, club, or at home on network TV. Don't buy any high end official merchendise and don't support the high end sponsors. If its endorsed by a big name celebrity, then don't buy it. If you can afford a new car, then make an exception for GM, Ford, and Dodge. If they don't increase their market share soon, then a lot more people are going to get screwed out of their pensions and/or benefits. Of course, you must know by now to avoid those big trucks and SUVs unless you truly need one for its intended purpose. Don't be ashamed to buy a foreign car if you prefer it. Afterall, those with the most fuel efficient vehicles consume a lot less foreign oil. Which accounts for a pretty big chunk of our trade deficit. Anyway, the global economy is worth supporting to some extent. Its the obscene profit margins, trade deficits, and BS from OPEC that get us into trouble. Otherwise, the global economy would be a good thing for everyone. Just keep in mind that the big 3 are struggling and they do produce a few smaller reliable cars. Don't frequent any high end department store or any business in a newly developed upper class community. By doing so, you make developers richer and draw support away from industrial areas and away from the middle class communities. Instead, support the local retailer and the less popular shopping centers. Especially in lower or middle class communities. If you can afford to buy a home, then do so. But go smaller and less expensive. Don't get yourself in too deep and don't buy into the newly developed condos or gated communities. Instead, find a modest home in a building or neighborhood at least 20 years old. If you live in one of the poorer states, then try to support its economy first and foremost. Be on the lookout for commercial brainwash plots on TV. They are written into nearly every scene of nearly every show. Most cater to network sponsors and parent companies. Especially commercial health care. Big business is fine on occasion depending on the profit margins and profit sharing. Do your homework. If you want to support any legitimate charity, then do so directly. Never support any celebrity foundation. They spend most of their funding on PR campaigns, travel, and high end accomodations for themselves. Instead, go to Charitywatch.org and look up a top rated charity to support your favorite cause. In general, support the little guy as much as possible and the big guy as little as possible. Do your part to reverse the transfer of wealth away from the rich and back to the middle and lower classes. Unfortunately, there is no perfect answer. Jobs will be lost either way. Innocent children will starve and die either way. But we need to support the largest group of workers with the most reasonable profit margins. We also need to support LEGITIMATE charities (Check that list at Charitywatch.org). This is our only chance to limit the severity and/or duration of the comming US/global depression. In the meantime, don't listen to Bernanke, Paulson, Bartiromo, Orman, Dobbs, Kramer, OReiley, or any other public figure with regard to the economy. They are all plenty smart but I swear to you that they will lie right through their rotten teeth. IT MAKES THEM RICHER. These people work for big business. The 'experts' they cite also work for big business. They are all motivated by their desire to accumulate more wealth. THEY WILL LIE RIGHT THROUGH THEIR ROTTEN TEETH. So don't fall for their tricks. Instead, look at the big picture. The economic problems we face have been mounting for well over 20 years. All of them caused or aggrivated by a constant transfer of wealth from poorer to richer. Soon, it will cause the first ever GLOBAL DEPRESION. Its not brain surgery. Its simple math. Like I said, you are welcome to run this by any professor of economics or socio-economics. If thats not good enough, then look up what Einstein had to say about greed, extreme wealth, and its horrible concequences. I speak the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

Its already underway. A massive campaign to divert our attention. Trump, Buffet, OReiley, Dobbs, Pickens, Norris, and several other well known filthy rich public figures have been running their mouths about the economy. Finally admitting a hint of severity after almost 2 years of denial. They even have the nerve to acknowledge the possibility of a US/global depression. Still, they refuse to acknowledge the single greatest underlying cause. Remember: Our national debt was way up BEFORE sub-prime. Consumer debt was way up BEFORE sub-prime. The cost of living was up BEFORE sub-prime. Wall Street profits were obscene BEFORE sub-prime. The middle class were loosing free and clear assets BEFORE sub-prime. Our infrastructure was in bad shape BEFORE sub-prime. Loans from China were taken out BEFORE sub-prime. The dollar was loosing value BEFORE sub-prime. So don't let these cowardly filthy rich public figures divert your attention or limit your range of thought. THE CURRENT ECONOMIC CRISIS WAS NOT CAUSED BY A SINGLE POLICY OR PROCEDURE. IT WAS CAUSED PRIMARILY BY A MASSIVE TRANSFER OF WEALTH FROM POOR TO RICH. OTHERWISE, THERE WOULD NOT HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE WOULD NOT HAVE BEEN A GLOBAL CREDIT CRUNCH. MONEY DOES NOT GROW ON TREES AND IT DOES NOT FLOAT AWAY. IT ONLY TRANSFERS FROM ONE PARTY TO ANOTHER. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. GREED KILLS. IT WILL BE OUR DOWNFALL.

A word for those who respond with the usual 'I know more than you. Look how smart, knowledgable, and articulate I am' crap. Let me say this in advance. I don't claim to be an expert in this field. But I did go on record with these predictions long before any public figure uttered the word 'recession'. If you search long enough, you will find my early postings from '05' and '06'. Including the first draft of this rant. Since then, I've gone on record against people like Greenspan, Bernanke, and Paulson. So far, my predictions have been accurate. Like I said. This is not brain surgery. For the mostpart, its simple math. When you concentrate the world's wealth, you also concentrate its capital and shrink the middle class along with the potential market for every major industry. Homes go unsold. Bills go unpaid. Banks fail. More products go unsold. Jobs are lost. More banks fail. and so on. and so on. It happened 80 years ago. It will happen again. This time on a global scale. Throughout the cycle, the rich will tighten their grip. Concentrating the world's wealth and resources even further and ensuring the collapse of every major economy worldwide. Think it can't happen? Think again. GREED KILLS. IT WILL BE OUR DOWNFALL.

Another thing. I don't want credit for any of this. Otherwise, I would have given my full name a long time ago. As far as I'm concerned, you can put this rant in your own words and take credit for all of it. I don't care. Just spread the word. Otherwise, the greatest injustice of all time will go down in history unchecked.

By the way. The bailout won't work. IT WON'T WORK. The plan fails to address the fundamental problem. The middle class don't need more credit. They need a reasonable share of the economic pie. They also need a lower cost of living and a chance to catch their breath. Most of all, they need to wake up and see the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.