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Tuesday, June 16, 2009
Picking up the tab for the Bailout PARTY
"Dire economic circumstances have certainly justified some out-of-the-ordinary remedial actions by government, but enough is enough" declared Thomas J. Donohue, CEO of the US Chamber of Commerce. Donahue, who we could call the official spokesperson for the US Capitalist class, went on to complain about the "rapidly growing influence of government."
Mmmm. If its not crystal clear to most of us what he's saying here, its because his message is not aimed at us. His message is aimed at his government. Today, the bailout, is over. Capitalism's ailing corporations and big banks have been helped back on their feet. According to the IMF, the cost to the average US family of four of this bailout will be around $24,000 in taxation.
"Enough is Enough" is the message to Obama and Co., that there will be no more bailouts. Healthcare, in particular, should not be bailed out by the government, according to the top businessman. All other calls for bailouts: "where's my bailout?" "bailout my kid's school?" will fall on deaf ears. It's over. If you couldn't afford to wine and dine a Senate leader or big Congressmen or even the President, you are too late. The bailouts are over. Now the massive savaging of the public sector is necessary to pay the bill for another corporate party we weren't invited to. A bailout party on the scale of no other party in world history, perhaps as big a $8 trillion. Or $8 million, million dollars.
We waited the tables at this party, we prepared the food, but we are now to go hungry.
Rob, one of the 14-million Americans out of work and one-week shy of being unemployed 5 months.
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