Day: November 24, 2009

A Jobs Summit?

Oh Please!

Jobs…..Jobs….Jobs!

Are you kidding me?  After a year of losing jobs and economic clout, the White House wants a jobs summit?  Let me see….for a year now it has been important to make sure that the banks get their backing for the gambling …..than to make sure that John Q. Public fed his family…and NOW it is important……excuse me if I feel that this is a bit late in coming….or is it just a response to the political attacks from the Right?

As written by Jerry White wrote for wsws.org:

Indeed, the administration has provided unlimited resources to stabilize “the financial system,” i.e., the bankers who are responsible for the financial collapse. But this has had nothing to do with a revival of lending, let alone slowing the wave of foreclosures and personal bankruptcies. On the contrary, the big banks have used the public funds to extend their grip over the financial system, hand out billions in bonuses and resume the same type of reckless speculation that produced the economic catastrophe.

Obama then declared that the Recovery Act had “created and saved more than a million jobs”—a claim that has been exposed as a wild exaggeration. And even if it were the case, the number pales in comparison with the more than 3.5 million jobs that have been lost since the stimulus package was approved last February.

In reality, the administration is pursuing a deliberate policy of high unemployment and reducing workers to a state of perpetual insecurity. The constant threat of job losses is being used to force workers to accept a drastic and permanent reduction in their living standards and a sharp increase in exploitation. US corporations have already seen a nearly 10 percent increase in productivity this year, as they force fewer and fewer workers to produce more and more.

In other words, American workers must accept a harsh reduction in consumption as credit is reduced, homes are lost, social programs slashed and they are forced to live on much less. At the same time, the labor cost gap with Third World countries must be closed so the US can be transformed into a cheap labor platform to send US exports around the world.

If you believe that the admin is concerned about Main Street then I suggest to take another hit of the bong….you are delusional.  This should have been issue ONE from the very beginning…not some lame promises of a jobs creation that has not materialized….But a jobs summit?  A bunch of gamblers from Wall Street will get together and decide which direction the government will…all the while children go to bed hungry….what a country!

If Americans are not working, then Americans are not spending and it Americans are not spending then consumption sucks…..If we want a good consumer price index and want Americans spending, then JOBS should have been the answer 12 months ago…..not a second thought after throwing billions maybe trillions at Wall Street so that they could continue their evil ways……

It boils down to the truth…….banks had a feeding frenzy at the banquet provided by the taxpayer…..and in return they, the taxpayer, gets the scraps that was left by the banks..is that about it?  What a great thing for the country to do for its revenue base…..

Goldman-Sachs Spits On The Taxpayer!

We all have an opinion on whether the bank bailout was a good thing…the problem for Wall Street is that more Americans feel betrayed by their government for handing over massive amounts of cash to these thieves while they have to struggle just to keep food and clothing and shelter….and yet there is still NO demand from the people for the heads of these gtamblers that have pissed away America’s economic future…….

The WSJ is reporting that the CEO of Goldman is talking and apologizing:

Blankfein made a startling confession Tuesday. He apologized for Goldman’s role in the financial crisis, saying that the bank “participated in things that were clearly wrong and have reason to regret.”

This is the same egotistical bastard that last month said:

he made an embarrassing comment in an interview with the Financial Times, saying that he was just “doing God’s work.”

YOU should be mad as hell at the audacity of this a/hole….why?

He got paid $400+ million last year…the year that he was a driving force in the demise of an American economy……he is the a/hole that is setting aside billions to give bonuses to the employees……this is the a/hole that got a massive transfusion of taxpayer money and in return he is spitting in the face of every taxpayer in America.

But Professor he apologized…..did he?……what did he apologize for?  Did he apologize for wrecking the economy?  Is he apologizing for stealing from the taxpayer to pay himself?  Just what is he apologizing for?

If this is a PR ploy then it is piss poor….Americans need to stand up and DEMAND that these thieves be held accountable for the destruction of the American economy….We do NOT need to accept their apologies….why?…..these bastards are insincere…if they were truly remorseful then they would be handling all this situation differently….the people need to send the message…….a FAKE apology is NOT accepted!