Showing posts with label collapse of 2008. Show all posts
Showing posts with label collapse of 2008. Show all posts

Monday, February 27, 2012

Greed is not Good

Greed is not Good

I was thinking about the Gordon Gecko line out of the movie Wall Street, you know the scene where he is standing in a room full of stockholders trying to convince them his plan for the corporation is better than management's. He blasts the company for losing money, blasts them for having too big an overhead and no real stake in the company, then tells everyone how much they stand to make if they vote for his proposal.”Greed, for lack of a better word, is Good!”

Greed is not good, since it goes hand in hand with power. Remember the “golden rule: He who has the gold makes the rules”? More properly, an old saying is still true today. "Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men." An article on CNN.com today confirms the theory. People who have more money tend to be less aware of people who do not. They are more likely to disobey the law, be rude to others, and disregard the rights of others in favor of their own self-interests.

So how do we deal with that? After all, they have the money, and that means they can afford lawyers we cannot to twist the law in their favor and buy off whoever they can't manipulate.

There is a way to make things right, but it involves getting off your ass and voting for candidates who are willing to change the government back to a Citizen Government. President Obama and the Buffett rule are one example of making things right. If we eliminate the tax breaks and the loopholes for the rich, we can start putting money back into programs to educate poorer Americans, maintain our Social Security system and Medicare/Medicaid system, and eliminate Career Politicians who are only interested in lining their own pockets instead of representing the people of their districts.

If you are reading this, and you are saying to yourself something along the nature of “Bullshit! We will never change the system, and the rich will always win, so I am not going to vote.”, Congratulations! You have just voted to maintain the status quo, to watch your Social Security benefits and Medicare/Medicaid entitlements dwindle down to nothing, and allow the corrupt and uncaring incumbents the opportunity to continue to screw you over. If you do not vote, you are voting for the rich. They do not want you to vote. They do not want you to care. They do not want you to believe.

Monday, February 13, 2012

Some Thoughts on "Inside Job"

So I went to a screening of "Inside Job" last night, and was incensed by the content of the movie. Charles Ferguson who wrote, produced and directed the film, has created a film that should piss you off. If he is correct, the United States government is complicit with various firms of Wall Street in perpetrating the single largest financial fraud in history. Not only have the criminals escaped with their proceeds, something we passed laws to prevent racketeers from doing, but to date not one of these criminals has been punished, tried, or even indicted for their crimes.

There's a full synopsis on Wiki, just click the link above. I'm not going to bore you with the details here, but there is one item in particular that puzzles me. Obama claimed he would return fiscal responsibility to our government, that he would insist the wealthy pay their share of taxes, and the guilty would be punished.

Now that should mean he would clean house, starting with the Treasury and the Cabinet, don't you think? So why is Timothy Geithner Secretary of the Treasury? Why is Lawrence Summers the Assistant to the President for Economic Policy and Director of the National Economic Council? Both of these men have questionable background in the events that surrounded the collapse of 2008. Both of these men figure prominently in "Inside Job".

I do have one important question for Mr. Ferguson. If your documentary is this important, if this information is so vital to the millions of Americans who need it, then why are you charging for it? If I know a bridge is out, and I see people heading for that bridge and say nothing unless I am paid for that information, what does that make me?

I am not questioning the validity of the information. But I do question the motives of anyone who wants to profit to do good.