I see that the Congress has left town , go figure, that is the one thing they all agree on, without any action on the new economic stim package to help the country deal with the costs of the pandemic.
People will soon lose or have their benefits cut or lost….and yet the only ones showing a profit out of the pandemic is corporations that are 100s of million of dollars that have seen profits jump by double digits……and what is the answer for the Fed?
Give the rich bastards more cash…..
Federal Reserve officials have launched what amounts to a full court press aimed at ensuring that Congress provides a further fiscal stimulus to corporations, as the COVID pandemic continues out of control and the limited revival of the US economy stalls.
While Fed representatives always couch their remarks in terms of giving assistance to the economy and even to workers, the fall in the stock market since the beginning of the month—the most significant downturn since the plunge in mid-March, when all financial markets froze—is the underlying concern.
The push began on Tuesday, when Fed Chair Jerome Powell gave testimony before the House of Representatives Committee on Financial Services. Powell repeated earlier calls for fiscal action, on top of the more than $3 trillion made available under the CARES Act.
All this leads me to ask the one simple question….why do we give corporations so much power over our lives?
The media leads us to believe that the markets going up is good for the people….it is not the only people that benefit are the CEOs.
Then why do we give them the power?
The American people own most of the wealth—private and public—and most of the information in the country. The top one percent do not.
The American people have most of the power in the country. The top one percent do not.
(If you believe any of that then I have a bridge I will sell cheap)
These assertions may surprise you, because the top one percent and the giant corporations work overtime to control what you own. This means they do not have to seize what you own so long as their control provides them with both riches and power over you.
Let’s spell this out with specifics. Our Constitution starts with the words, “We the People…”; it doesn’t start with ‘we the corporations’ or ‘we the Congress’ or ‘we the super-rich.’ The sovereign authority under the Constitution is us; we the people are the bosses. But we give our power away to the Big Boys who run the big companies that control most of our elected politicians. The politicians in turn proceed to corrupt our elections with campaign money, gerrymandering, deceitful ads, voter obstructions, and a totally dominant two-party duopoly. This corporate state destroys competitive democracy which would give our votes meaning, choices, and effectiveness.
The corporate “Borg” is sucking the ready availability of the good life, decent, secure livelihoods assured by our collective self-reliance, and the freedom to shape our future out of our political economy.
We have been brainwashed….and it has been a rousing success for we equate our personal success by others standards.
For Christ Sake—-Learn Stuff!
I Read, I Write, You Know
“lego ergo scribo”