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Man walks along the railroad tracks
He's goin' someplace, and there's no turnin' back
The highway patrol chopper comin' up over the ridge
Man sleeps by a campfire under the bridge
The shelter line stretchin' around the corner
Welcome to the New World Order
Families sleepin' in their cars out in the Southwest
No job, no home, no peace, no rest
No rest!
The highway is alive tonight
Nobody's foolin' nobody as to where it goes
I'm sitting down here in the campfire light
Searchin' for the ghost of Tom Joad
He pulls his prayer book out of his sleepin' bag
The Preacher lights up a butt and takes a drag
He's waitin' for the time when the last shall be first and the first shall be last
In a cardboard box 'neath the underpass
With a one way ticket to the promised land
With a hole in your belly and a gun in your hand
Sleepin' on a pillow of solid rock
Bathin' in the city's aquaduct
The highway is alive tonight
Nobody's foolin' nobody as to where it goes
I'm sittin' down here in the campfire light
Waiting on the ghost of Tom Joad
Now Tom said, "Ma, wherever you seen a cop beatin' a guy
Wherever a hungry newborn baby cries
Wherever there's a fight against the blood and hatred in the air
Look for me Ma, I'll be there
Wherever somebody's strugglin' for a place to stand
For a decent job or a helpin' hand
Wherever somebody's strugglin' to be free
Look in their eyes, Ma, you'll see me"
You'll see me (x8)
The highway is alive tonight
Nobody's foolin' nobody as to where it goes
I'm sittin' down here in the campfire light
With the ghost of Tom Joad
Yes we are fortunate they didn't listen to the majority on that one. The problem was, that it was necessary, not that it was done. There should not be any too big to fail financial entities, there was, and there still is. It could happen again. The Dodd/Frank Law, doesn't go far enough and the GOP, and some Dems, are trying to make sure it does even less.
it was NOT necessary.
of course, some people would have been hit pretty hard financially but isn't that what gambling is all about really?
do you honestly think the government fixed anything with those bailouts? denninger had a good piece on this today:
GOVERNMENT came in during the 2008 time frame and said "We won't let the banks fail." Ok, but now GOVERNMENTS are on the edge of failure! Who bails them out? The answer is nobody.
Government's actions, including ours, were fundamentally stupid. There have been no apologies, no "I'm sorry's", no recantations and no solutions put forward by either political party, because solutions require recognition that what we did for the last 30 years was fundamentally dishonest and that means the people responsible have to admit running a scam on the public. You can't inflate out of it either because then those who earn in the lower 80% of the curve literally starve. It would take a quite-literal $25 trillion in nakedly-emitted currency to "print out of the hole" and doing so would drive the value of the dollar down by eighty percent, instantly giving us $12+ gasoline, $15 gallons of milk and $6+ loaves of bread. What are you going to do when fully half of the population shows up in Washington DC, having walked there as they can't afford to drive, and burns the city to the ground with their last gallon of gasoline? Don't kid yourselves; this is exactly where the "solution" of "printing" out of this mess leads.
There's been no demand for honesty among our financial institutions and there's been no honesty coming from Congress either.
here is the entire article spelled out for anyone who wants to read it:
The government did not tell banks to package the toxic loans many times over, fraudulently write them as AAA grade, and hide their actions under various smoke and mirrors of the "free market". This is a case of robber barons lending you thousands and then demanding millions back because you couldn't make payments on their insane interest rates. The government is complicit in enabling billions of public money to go to to paying them which is the same thing as theft.
The "we are in this problem cus poor people wanted homes" or "its because too many people gambled" or "the government was stupid" is only part of the illusion to make these criminal Wall Street SOBs appear as the victims.
No. They should never have bailed out any companies.
The bailout plan was already in the works before even the crisis officially hit. Wall Street needed their "hard earned" money, no matter if the rest of us had to bleed for it. Those for companies like GM were mostly an afterthought compared to the banks.
Because Clinton was a conservative! Who sold us down the river with "economic modernization" and globalization? Clinton! Clinton had no problem running all over the world using the military as a police force. Right wing revisionists may like to paint Bill as a far left wing liberal but he most definitely governed from the right. Why are we in this mess currently? From policies that were trumpeted by Reagan, carried out by Clinton, and continued by Bush II. The idea of an unregulated casino on Wall St is truly a buy-partisan idea. The financial meltdown of 2008 was caused by greedy Wall St banksters playing casino with billions of dollars. But the blame doesn't stop there, also to blame were the lazy, corrupt, incompetent, politicians and agencies that were supposed to be "policing" Wall St. Greedy and corrupt politicians and bureaucrats who sold out and turned a blind eye should be in jail. Talk about neglect of duty. There's a a whole host of greedy crooks who should be in federal prison right now, instead they got taxpayer backed bailouts to the tune of hundreds of billions.
The government did not tell banks to package the toxic loans many times over, fraudulently write them as AAA grade, and hide their actions under various smoke and mirrors of the "free market". This is a case of robber barons lending you thousands and then demanding millions back because you couldn't make payments on their insane interest rates. The government is complicit in enabling billions of public money to go to to paying them which is the same thing as theft.
The "we are in this problem cus poor people wanted homes" or "its because too many people gambled" or "the government was stupid" is only part of the illusion to make these criminal Wall Street SOBs appear as the victims.
The right wing meme that the "government told them to do this," is simply away to absolve their favorite "private sector jobs creators" of any wrong doing and blame the poor and the evil gubmint. Of course the government had a big helping hand in this, but most of the blame should be shouldered by the crooks and banksters on Wall St.
The right wing meme that the "government told them to do this," is simply away to absolve their favorite "private sector jobs creators" of any wrong doing and blame the poor and the evil gubmint. Of course the government had a big helping hand in this, but most of the blame should be shouldered by the crooks and banksters on Wall St.
The slow minded right/left wingers will believe any lie as long as it has a slant against the opposing side of the isle. Their opinion is as dependable as that of the economic experts that stuck to the economic ship as it sank. Both in fact, getting their talking points from Wall Street types friendly to them.
The government is Wall Street's best ally. The name of Treasury officials reads like a Who's Who of Goldman Sachs.
Man walks along the railroad tracks
He's goin' someplace, and there's no turnin' back
The highway patrol chopper comin' up over the ridge
Man sleeps by a campfire under the bridge
The shelter line stretchin' around the corner
Welcome to the New World Order
Families sleepin' in their cars out in the Southwest
No job, no home, no peace, no rest
No rest!
The highway is alive tonight
Nobody's foolin' nobody as to where it goes
I'm sitting down here in the campfire light
Searchin' for the ghost of Tom Joad
He pulls his prayer book out of his sleepin' bag
The Preacher lights up a butt and takes a drag
He's waitin' for the time when the last shall be first and the first shall be last
In a cardboard box 'neath the underpass
With a one way ticket to the promised land
With a hole in your belly and a gun in your hand
Sleepin' on a pillow of solid rock
Bathin' in the city's aquaduct
The highway is alive tonight
Nobody's foolin' nobody as to where it goes
I'm sittin' down here in the campfire light
Waiting on the ghost of Tom Joad
Now Tom said, "Ma, wherever you seen a cop beatin' a guy
Wherever a hungry newborn baby cries
Wherever there's a fight against the blood and hatred in the air
Look for me Ma, I'll be there
Wherever somebody's strugglin' for a place to stand
For a decent job or a helpin' hand
Wherever somebody's strugglin' to be free
Look in their eyes, Ma, you'll see me"
You'll see me (x8)
The highway is alive tonight
Nobody's foolin' nobody as to where it goes
I'm sittin' down here in the campfire light
With the ghost of Tom Joad
Rage... and Springsteen. Talk about a match made in heaven.
Bruce always has had his finger on the pulse of the nation:
"Foreman says these jobs are going boys, and they ain't comin' back.
To my hometown..."
Great interview with Tom Morello in the current issue of Rolling Stone, BTW.
The government did not tell banks to package the toxic loans many times over, fraudulently write them as AAA grade, and hide their actions under various smoke and mirrors of the "free market". This is a case of robber barons lending you thousands and then demanding millions back because you couldn't make payments on their insane interest rates. The government is complicit in enabling billions of public money to go to to paying them which is the same thing as theft.
The "we are in this problem cus poor people wanted homes" or "its because too many people gambled" or "the government was stupid" is only part of the illusion to make these criminal Wall Street SOBs appear as the victims.
Yep.
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