Time for a Cool Change

Posted by politicalpartypooper on March 10, 2010

I couldn’t say it better myself, so I’ll just leave a link to the internet post of the day, and a few of my comments which you all can’t wait for everyday.  That post lists fifteen reasons why it might be time for a revolution of values in this country.  Here are just a few of them:

Look at what our current system has brought us and ask if it is time for a revolution?

Over 2.8 million people lost their homes in 2009 to foreclosure or bank repossessions – nearly 8000 each day – higher numbers than the last two years when millions of others also lost their homes.

At the same time, the government bailed out Bank of America, Citigroup, AIG, Bear Stearns, Fannie Mae, Freddie Mac, the auto industry and enacted the troubled asset (TARP) program with $1.7 trillion of our money.

Wall Street then awarded itself over $20 billion in bonuses in 2009 alone, an average bonus on top of pay of $123,000.

At the same time, over 17 million people are jobless right now. Millions more are working part-time when they want and need to be working full-time.

There’s much more, but even that short list should get ninety percent of America’s blood to boil.  After all, everything in that blockquote proves what I’ve been saying for years; that the two political parties  have sold America out to the highest bidders…you know, the people with the cash..the rich people.  You didn’t honestly think that your Twenty-Five Dollar donation to the Democratic or Republican Party was going to help save your job, did you?

That $25 went to helping Washington’s REAL constituents; the top one percent of earners in the US.  They would thank you, but there’s so many of you, that they decided to fuck you instead.

The better to make you love them.

And I’ve been accused of being a Liberal because I call this type of fucking a “Plutocracy”?  Take another look at that list, and show me who got bailed out?  Show me who was allowed to bring our economic system to its knees, and show me what part of America has recovered nicely and what part is still sucking hind tit, if there’s even anything left to suck on at all?

Anyone who defends such a system of Welfare for the wealthy is either one of the wealthy, or so ignorant as to be mentally disabled.


16 Responses to “Time for a Cool Change”

  1. Liberty4all said

    Was this not a socialized effort?

    In an effort to reinvigorate African-American homeowners’ hopes, the Federal National Mortgage Association (Fannie Mae) announced that it is providing $1 trillion in financing to assist approximately 10 million low- to moderate-income families purchasing homes by the year 2000.

    Recent U.S. statistics from Fannie Mae show that 40% of minority families own their own homes, compared with about 70% of whites.

    Fannie Mae is a federally chartered, private corporation that buys and sells performing mortgage loans to and from originating lenders. It repackages and resells them in the open market as mortgage-backed securities.

    That ultimately failed?


    • politicalpartypooper said

      You won’t get any argument from me about that, Lib. And when it failed, Fannie Mae got bailed out, along with every Wall Street bank that bet on the securities derived from those mortgages.

      You see, Lib, when you’re rich, and you fuck up, the rest of the country is your social safety net.

      • Liberty4all said

        well, the banks had to pay back with interest.

        Fannie and Freddie apparently don’t, the ones who started it all.
        Government protects itself first, and you know it, above anyone elses interest.

      • politicalpartypooper said


        Many of the banks still have not paid back their portion of the bailout. And then there is TARP…where banks and Wall Street got paid 100 cents on the dollar for their bad bets on CDS’, as well as huge mortgage tranches which were imploding due to the massive amount of delinquency in mortgages. They got PAID for the money they had exposed in these mortgage tranches, and then were allowed to harass people into paying their mortgages back as though they hadn’t been paid a cent. Didn’t you ever wonder how it was that these huge banks were able to pay their bailout funds back so quickly?

        TARP was aptly named. IT COVERED UP THE FACT THAT THE GOVERNMENT BASICALLY PAID BACK THOSE BAILOUTS FOR THE BANKS THROUGH TARP FUNDING! Remember, TARP and the bailouts are two very different events. The Troubled Asset Relief Program paid banks 100 cents on the dollar for their “troubled” assets. The Bailouts were for Re-funding the banks’ Capital requirements.

        All of this resulted in the largest wealth redistribution event ever.

      • Liberty4all said

        Government forced them to buy those mortgages in the 1st place.
        And you know it.

      • Liberty4all said

        Wealth redistribution? You mean when you consciously ignore the fact that the funds have to be paid back. Except for Fannie and Freddy’s, the largest share out of all of it.

      • Liberty4all said

        Many americans made out well during the interim, mainly the home construction industry, so conveniently left out of your equation.

      • politicalpartypooper said

        No Lib, the government did not force them to buy those mortgages. They couldn’t wait to buy them, because the housing bubble made them believe that if they had to foreclose, they couldn’t lose. Same thing with CDS. AIG never saw an event where they might have to pay massive claims against their CDS insurance, and salivated over the idea of collecting all those free premiums.

        It’s called greed, Lib.

      • politicalpartypooper said

        Incidentally, AIG and Wall Street lobbyists are STILL trying to bribe Congress into passing legislation against regulating the mortgage industry and Credit Default Swaps, because…you know, they don’t need it. They can be trusted. Riiiiiiiiiight?

      • Liberty4all said

        most likely because the legislation goes farther than necessary.
        But then we all know who sold them the instruments to work with,

      • Liberty4all said

        We also know the were … ” Government backed securities ” ….

        That’s your social net.

      • politicalpartypooper said

        Yes Lib, Fannie and Freddie need to be broken apart. But they are not the government, as you seem to be implying. They have their own lobbyists as does any PRIVATE big bank. It’s time to stop propping them up and make them ALL live by the rules of Capitalism; Survival of the Fittest.

        Here is an equation that is time tested and proven, repeatedly, by history.

        Wall Street + zero regulation = World economic Collapse.

        History proves it over and over.

      • Liberty4all said

        C’mon PPP they are GSE’s and it’s the government that instigated and planted the disaster in the first place, egged on by Robert Rubin and deregulatedly signed by Bill Clinton, while mwanwhile the social engineering was in full gear handing out mortgages to people who couldnm’t afford them and others that required 12 occupants to pay it,
        usually seasonal workers…..

  2. Reality Check said

    Best Damn Blog on the ‘Net!!!!

  3. Tony Montana said

    Is Liberty4all a racist?

    “handing out mortgages to people who couldnm’t afford them and others that required 12 occupants to pay it,usually seasonal workers…..”

    Its okay. At the New York Times its ultra cool to use the term old white men, or “pasty”. Rich Frank had the balls to call Tim Pawlenty pasty! Rich Frank is a Yiddish Marsmallow. They don’t make a man any rounder or softer than that cracker (its cool I am white and can use the C word like blacks can use the N word), which indicates how delusional those hacks are. The NYT once was a great paper, about 20 years ago. As a kid I delivered the NY Daily News in the morning but my old man made me read the NYT, which I did through college and graduate school. Now its a tampon for the Democrat discharge. Maureen Dowd is a shrill who has 3 topics that she recycles: George Bush, Sarah Palin, and Dick Cheney.Maybe if she had an orgasm in the next decade she’ll come up with a fresh idea. Charles Blow is a hack and a plagiarist.
    Tom Friedman is a bigger hypocrite than Al Gore. Friedman, ardent supporter of Israel, always demanding that the US go green, lives in a secluded 9000 sq foot estate in Maryland.

    And by the way, when are the NYT’s editors ever going to criticize Israel for the infanticide that occurring in the occupied territories?

    • Liberty4all said

      You crack me up Tony!

      I just tell it like it is. We are all human, no matter what our color.
      Some are rich and some are poor, but most are in between.

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