Death of Republic: An Obituary to the Late Republic of the United States of America (1776-2008).During the autumn of 1863, this nation was caught up in an armed struggle of ideologies. During his speech at Gettysburg during that time period, President Abraham Lincoln beseeched of his listeners, “…that we here highly resolve that these dead shall not have died in vain -- that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth.
Well, Mr. Lincoln, I regret to inform you that the Republic is indeed dead and cold, and that “government of the people, by the people, for the people,” has indeed perished from this earth. On Wednesday, October 1st, the Republic went into cardiac arrest, with 74 Senators injecting a lethal cocktail of pork, corporate-welfare, and treachery into the arm of the Republic. When the Republic lay in cardiac arrest on the floor of the House of Representatives on Friday, October 4th, with 263 Representatives opting to loot the wallet and pockets of the Republic as it lay dying, blocking the efforts of 171 concerned bystanders to offer assistance. Only the signature of President Bush delays its eternal interment into the ground.
We have now effectively entered the era of government of the corporation, by the corporation, and for the corporation. We have entered into the age of crony capitalism, where free market competitiveness is based on government subsidy and privilege. We have stood by as traitors usurped public office, most notably Treasury Secretary/CEO of Goldman Sachs, Henry Paulson. His regulatory coup d’etat of the Treasury Department was officially sanctioned and legitimized by Congress with the approval of this traitorous Wall Street Bailout.
Well, America, say goodbye to the existing Pledge of Allegiance. I imagine Secretary Paulson is proposing a rewrite as we speak: “I pledge allegiance to the flag of the United States of Corporate America, and to the Oligarchy for which it stands: one Corporation under the Fed, invulnerable, with corporate socialism and privilege for Wall…Street, that is.”
Revolutionarily yours,
Thommunist.
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2 comments:
The bailouts are necessary to salvage the failing economy. Banks are not willing to lend to anyone now, which will cause the entire economy to implode.
Both large and small businesses require loans in order to keep expanding, without the loans those businesses will start contracting, which will lead to a spike in unemployment. More unemployment leads to even more foreclosures, already hurting banks go bankrupt, and businesses have to lay off even more people. This vicious cycle could lead to a complete collapse of the economy, and a second Great Depression will usher in.
I believe it is our (taxpayers) patriotic duty to sacrifice our earnings to stabilize the large banking institutions. Those altruistic banks helped many Americans live out their hopes and dreams, by being gracious enough to enter into slightly risky mortgage contracts with poor Americans, who otherwise would never have been able to afford a home. It is now our time to repay the banks for their generosity.
Also, the government will potentially earn money from the bailout. Many economists on Fox News have stated that within a few years we could be repaid the $700 billion, or even make money off of the whole deal. Just tune into Bill O'Reilly's program tonight for a rundown on why this bailout is good for America.
Thank you for your comments, lasttruepatriot. Discussion and debate keep people honest, and these checks and balances to irrational, ill-conceived plans were conspicuously absent from the proceedings on Capitol Hill.
In reply, I believe saving these financial institutions from themselves will create longer-lasting, more far-reaching consequences than the impending short-term recession/ depression.
Loss is the necessary counter-balance to risk, discouraging unnecessary, reckless risk-taking and poor investment decisions.
In seeking to alleviate the short-term financial bleeding, we have created a problem that will far outlast this economic downturn--corporate socialism. Corporate accountability and responsiblity for financial recklessness and loss has now been detached and shouldered squarely upon consumers and taxpayers.
If corporate America were willing to socialize profit-making, than socializing the risk would be more reasonable; but as it stands, it is nothing more than crooked, corporate socialism.
If the American government could be repaid, or even turn a profit, would merely be an argument that the end justifies the means. Even if the American taxpayer were made whole 5 years out, it still would not negate the dangerous precedent that had been set. In fact, it would reinforce, enable, and entrench crony capitalism/ corporate socialism.
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