CW57, one of the local DumFox stations, aired an "infomercial" for a seminar, books and training videos on how to take advantage of the housing market crash, telling the Gullible that if they buy the properties ON CREDIT (even though they're targeting people who are already in bankruptcy and facing foreclosure) then sell them to rich real estate developers for tens of times what the houses are currently priced, financed on both transactions with an Adjustable Rate Mortgage by the same investment banks which wrote a blank rubber check for the last time this scam was perpetrated. Now, the paper they hung on us last time, it wasn't the primary cause of the Recession Massive Economic Collapse it was just (normally, as everybody knows, I avoid cliché like the plague, but I'm going out on a limb and doing it anyway) the straw that broke the camel's back. 30 straight years of unfunded Reaganomics, the collapse of the infrastructure, such as levies, bridges, roads, other privately owned public utilities, unfunded war-for-profit where those who made the profit from other people dying paid no taxes on the blood money, destruction of the unions, done at public expense and again for private profiteers, and the legalization of Predatory Capitalism and relaxing every rule set in place to correct These Same Causes during the Great Depression of the 1930s... provided both the rest of the burden that poor camel was carrying AND starved and beat the living Hell out of him so he was incapable of carrying the burden. Fox uses the standard disclaimer that "The views expressed in this broadcast do not reflect those of NewsCorp" what a bunch of lying pukes. Fox News has spent BILLIONS of dollars ranting that this type of unfunded speculative investment could not possibly have harmed the economy. Nor that the Corporations getting welfare subsidies AND huge tax breaks, would increase the budget and double-trouble it by their obscene tax breaks. Instead, they blame the 51% of the people who make less than $22,360 a year for a family of four and thus are at poverty level. Or below. Couldn't possibly be the multi-Trillion Dollar giveaways to the Rich. The cost of the wars in Iraq and Afghanistan has recently been estimated at 1.5 Terabucks, or, for those who no speak geek, trillion dollars. That would have to ignore the at least 5 Trillion paid out to private corporations to "rebuild" Iraq and completely dismiss all the money spent on Afghanistan. And the fact that before 1991 Iraq had the strongest economy and best infrastructure on the Arabian Peninsula, even more than the Subsidized (by us) Sovereign State of Israel. That they had more female graduates from universities per capita than anybody else on the Peninsula, that their literacy rate even now surpasses that of the United States, More female Doctors. And that they weren't allowed to use what money they had (which was considerable) to rebuild their country for more than a decade, based on the "They're Developing WMDs"
Tag: Reaganomics
Why are Indian children still dying of poverty?
There was an AP story about infanticide in India, mostly young girls, and the question attached was "why, with rising prosperity?" One question immediately answered, the "rising prosperity" is mostly the Rich getting Richer, much like the Class War they "upper class elites" declared in America long long ago and are intensifying now. Having the top economic level, the "1 percenters" getting an even larger share of even an expanding economy means those in the 80% who have less income than it takes to actually survive, will have even less. A classic example of How Deregulated Free Market Capital works to destroy the poor for the profit of the very richest. And now, it's taking its bloody horrid toll on the children of the poor PEOPLE.
Following Right Wing political theology
Faith based politics where you have to believe fervently the dogma handed down by the High Priests of Capital... But according to their gospels of greed, there has never actually been any revolution where wealth has been redistributed to the poor from the wealthy. In other words, the wealth has been transferred from one group of heavily armed rich thieves to another. Lateral instead of Vertical economic mobility. Thus, no real Socialist state or more importantly, Socialist Economy has ever existed, at least according to the Ayn Rand Theology. Yet somehow, it's the Communists and Socialists, the ones who never had their hands on the missing bread in the first place, who crashed the economy repeatedly over the past 500 years of straight-on Capitalism. For instance the Mortgage Crisis that immediately preceded the crash of the War-expense Bloated Debt Economy. Not the approximately ten trillion dollar difference in Budget surplus projected v the budget deficit Actual. Part of that went to Enron in a pyramid scheme. To end all pyramid schemes? Nay verily. Kenny Lay died, basically in jail, ready to make the trip to Club Fed where Rich Thieves spend a few months of "hard" time. Without the money and, importantly, without ever telling anybody who exactly was holding the cash. Bush and Cheney, Suspects Prime and Secondary, generously brushed aside any suspicion of their guilt in the matter and since they controlled the Justice department, so did the DoJ. But that's not the straw that broke the camels back. Nor was the massive War Budget, unfunded save for credit, issued against Future Taxes. By putting Future in front of the word Taxes GW and his merry band of thieves managed to say that they hadn't raised Taxes. The correct and true way to put it would be that they hadn't raised CURRENT taxes. Making War Profits basically untaxable granted the richest pigs in America virtually tax free existence. Massive tax cuts to the people who make all their money on the spending of Tax Generated money. A double gift of Corporate Welfare and Corporate Warfare. But it's the Socialists who never had their hands on the bread who are to blame. With the Mortgage Crisis, one of many investment scams that went wrong all at once, people who control less than a percent of the income in America are alleged to have brought the entire house of cards down. People, I'm capable of a LITTLE bit of math, m'kay? Which would you think, logically speaking, mathematically speaking, to be more likely, that people with full control of 95% of the wealth crashing the economy or the less than a percent "controllers"? According to the Right Wing Theology, it's obviously the < 1%. Up is black, east is sideways and Oceania has ALWAYS been at war with Eastasia. Oh, and the Weathermen who are alleged to have killed 4 people, including 3 weathermen.. Are the supremely violent ones, not the Big Pigs who kick open the gates of Hell and start scooping in