Money for Something. Keep the Predatory Wall Street Firms Afloat

Isn’t it funny how whenever Uncle Empire needs to find some of that green to solve a problem THEY  deem vital, they find it.

When they DON’T deem it necessary they don’t!

Go back 12 years or so when the villains covered in Aaron Glantz’s fine new book Homewreckers helped jumpstart the Subprime Mortgage debacle.

Uncle Empire went into action.

Of course, all they did was save Corporate Predatory Capitalism, instead of finally cutting off its balls! Remember poor sad sack Treasury Sec. Henry Paulson, former CEO of Wall Street giant shark Goldman Sachs (where he retired with a compensation package worth… ready for this… $ 500 million), standing with the Two Party/One Party hypocrites behind him.

Sad eyed Henry, with almost tears in his vulture’s eyes, told America that the only hope to ‘Save our economy’ was to pump in hundreds of billions of taxpayer dollars to keep the predatory Wall Street firms afloat.

The Two Party/One Party lackeys had but 25 Senators from both parties vote NO (Bernie Sanders among them) and 44 voted YES (including Joe Biden). Ralph Nader was vehement in his opposition, saying that the government should have placed those toxic shark companies into ‘Receivership’, paying out perhaps 10 -20 cents on the dollar for those assets, thus saving taxpayers BILLIONS OF DOLLARS.

By the way, among those vulture capitalists, men who made fortunes from the Subprime scandal, are Trump’s Sec. of Treasury Steve Mnuchin and Sec. of Commerce Wilbur Ross. Imagine what the late great George Carlin would have done with that fodder for his comic rants.

In 2008 Mr. ‘Hope and Change’ was elected by the fools who bought into his ‘progressive’ rhetoric. So, what did he do? Well, with the aid of his new chief of staff, Rahm Emanuel (who it was reported twisted the arms of Obama’s group of ‘Finest and brightest’), continued the massive bailout, costing we taxpayers hundreds of $ billions more.

The irony is that, in 2009, when some in Congress (almost all Democrats… but NOT Mrs. Pelosi) were pushing for a Public Option for Medicare for All of us, Uncle Empire, with its new stooge Obama, said ‘NO, too  Costly’. Instead, they introduced Obama Care, which  gave away the candy store to the private insurers by way of tens of millions of new customers.

At least, with the Public Option (which in essence is similar to what most of the hack Democrats are pushing now), we all would have the same Medicare coverage as is currently offered.  Still a win for those predatory private insurers and Big Pharma. Not great, but much better than Obama Care. One surmises that Uncle Empire still does not see the need for helping the majority of us who have either terrible or no health coverage at all. It must take a pandemic which spreads across ALL income groups, to see government doing the right thing.

It is time for all working stiffs to shout out loud and clear that our treasury could be filled up pretty quickly by

A) taxing the mega millionaires a FLAT 50% Surtax on all income OVER  their first one million;

B) Tax Wall Street transactions one penny for every one dollar invested;

C) Raise the corporate tax rates for ALL companies with over 100 employees;

D) Closing the majority of our 1000+ foreign bases , sending most of that personnel home, which would lower the amount of current obscene military spending (which is now well over 50% of our federal tax revenues).

Performing these aforementioned actions would put so much money into our treasury that any such pandemics would have the proper actions to stifle them. Food for thought perhaps. On the subject of money, I leave you with the lyrics to the 1973 Pink Floyd song of the same name:

Money

Pink Floyd

Money, get away
Get a good job with good pay and you’re okay
Money, it’s a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream
Think I’ll buy me a football team

Money, get back
I’m all right Jack keep your hands off of my stack
Money, it’s a hit
Don’t give me that do goody good bullshit
I’m in the high-fidelity first class traveling set
And I think I need a Lear jet

Money, it’s a crime
Share it fairly but don’t take a slice of my pie
Money, so they say
Is the root of all evil today
But if you ask for a raise it’s no surprise that they’re
Giving none away, away, away

*

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Philip A Farruggio is a contributing editor for The Greanville Post. He is also frequently posted on Global Research, Nation of Change, World News Trust and Off Guardian sites. He is the son and grandson of Brooklyn NYC longshoremen and a graduate of Brooklyn College, class of 1974. Since the 2000 election debacle Philip has written over 300 columns on the Military Industrial Empire and other facets of life in an upside down America. He is also host of the ‘It’s the Empire… Stupid‘ radio show, co produced by Chuck Gregory. Philip can be reached at [email protected].


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