Bailout for the American People?

[midnight]

Run time: 09:13 https://www.youtube.com/watch?v=Hjl3qT_xETA   Posted on YouTube: October 06, 2011 By YouTube Member: TheAlyonaShow Views on YouTube: 920   Posted on DU: October 09, 2011 By DU Member: midnight Views on DU: 732

 

[ixion]

1. And here's the irony:

It would cost less to bail the 99% out than it cost to bail the 1% out.

[midnight]

2. Naomi Klein explains the one percent by saying they love a crises..

and then she tells why.... And since the one percent runs the country... growth for the 99 percent will be stunted...



If there is one thing I know, it is that the 1 percent loves a crisis. When people are panicked and desperate and no one seems to know what to do, that is the ideal time to push through their wish list of pro-corporate policies: privatizing education and social security, slashing public services, getting rid of the last constraints on corporate power. Amidst the economic crisis, this is happening the world over.http://www.thenation.com/article/163844/occupy-wall-street-most-important-thing-world-now

[fasttense]

3. Cram down was and still is the answer.

Yes, it will cause pain to a lot of the banksters and their rich shareholders. It will cause some pain to average working people too but if this had begun at the same time we had bailed out the idle rich, then we would be through the worst of it by now.

Instead, we will linger in recession/depression hell.

[midnight]

4. Aren’t the masses of unemployed and underemployed equally too big to fail?

We as taxpayers bailed out Wall Street to the tune of $700 billion because they were too big to fail. Isn’t it time now that Wall Street bail out Main Street? Aren’t the masses of unemployed and underemployed equally too big to fail?

If yes, then start by passing the president’s jobs bill funded by a tax on millionaires as proposed by Senate Democrats. Let’s leverage the banks we saved into lending again. Let’s eliminate the $2 billion tax break while the five largest oil companies (Exxon, BP, Conoco, Shell and Chevron) have, according to the Wall Street Journal, over $59 billion in cash resources. These are all healthy options for having a shared responsibility in keeping our economy from faltering.http://juneauempire.com/local/2011-10-09/time-wall-street-bail-out-main-street#.TpHi2nMW9zw