The millionaire politicians in Washington were not able to pass a bill that extended benefits for the long-term unemployed. The extension would cost $12 billion. The Republicans want this cost offset by spending cuts. Basically, these two capitalist groups differ on very little, one wants to cut spending the other wants to raise our taxes.
What this means is that 800,000 unemployed workers will lose their benefits by November the 30th and another two million will lose them by the end of December. This might be causing a little stress for our unemployed brothers and sisters as I am sure they are following the issue, in fact I know they are.
But we should remember that unemployment insurance was not always available. The capitalist's figure it breeds laziness and that if we get it we won't want to work; they think we're like them you see. Even the Union leaders opposed it back then for the same reasons.
On the other hand for people like, John Paulson, a lucky guy from a family of moneylenders and wasters who made out in the crash, everything’s just fine and dandy. Paulson made $1 billion in 2007, $2 billion in 2008, and $2.3 billion in 2009 from fees received from his hedge fund by betting against subprime mortgages according to the NYT. I use the term, “made” because it would be ridiculous to say that he earned it.
What does it mean, ”betting against subprime mortgages?” It means he was “smart” enough to look around him, maybe pay a little attention to other human beings and saw the massive stress they were under, and bet they would, under the crushing weight of the moneylenders and the rest of the capitalist class in society, be unable to pay the moneylenders their pound of flesh that they require so that we can have a roof over our heads. He's a professional gambler, and like all professional gamblers, he' doesn't like to work. His victims are the average US homeowner for one.
So in three years, Paulson made more than $5 billion. He is not related to Henry Paulson, the former Goldman Sachs and US Treasury Secretary employee who led the bailout of his banker friends. Poor old Henry can’t match John when it comes to paychecks. According to reports he made $37 million in 2005, and $16.4 million in 2006. His net worth has been estimated at over US $700 million, nothing like Johnny boy.
I remember a co-worker years ago attacking the Bolsheviks for “murdering” the Russian Tzar and his family. This is always used as a means of portraying the Bolsheviks as a violent bunch of thugs. But it was the peasants that wanted that blood after years of being under the heel of the aristocracy, having to work their land, starve to death amid plenty for some. And lets not forget the right of the "first night" when the lord had the right to sleep with your new bride before you did.The Bolsheviks simply saw that the peasants were carrying out popular justice and didn’t stand in their way.
At some point the people who are responsible for the taking of homes, the denying of health care, the laying off of workers as they themselves take home billion dollar paychecks will face their victims also in a day of reckoning. I certainly wouldn’t interfere with good ole American justice then either.
If you have opinions about the subject matter of posts on this blog please share them. Do you have a story about how the system affects you at work school or home, or just in general? This is a place to share it.
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