17.6.09

Wall Street Isn't Rid of Punk-Ass...

Wannabe Masters of the Universe

The word "greed" is not an accurate description: A man can feel lustful without committing rape. People can be envious without stealing. Similarly, people can be greedy to an extent less than destroying the hopes and dreams of a nation.

We, the United States, have never been anything but a Democracy. You know, "Of the People, By the People and For the People". In recent times, another adjective that might be used to describe the US is Capitalism. We seem to have lost track of the fact that the terms Democracy and Capitalism are not interchangeable. It seems that since the corporate and think tank folks manipulated the government to make laws and foreign pacts, the sociological trends have be escalating toward criticizing, I mean, censoring, anyone who might argue that greed above all else is not good for the US. Further, as a culture, now we idolize these personality traits (Donald Trump, Bill Gates, etc).

The term from Sociology 101 is "internal control." We don't have any. People who can make bunches of money now will do so even if they have to twist their thinking severely to rationalize how it's OK if others suffer as a consequence. And it doesn't help when the government encourages this cultural shift in attitudes and behavior by reducing the external controls (making laws or enforcement more lax, financing and making profitable through incentives activities that can reasonably be expected to have catastrophic failure.)

So, yeah, Bush pushed for everyone to be able to get a house and nobody prevented the variable interest rate, negative amortization catastrophe. But as I recall, both sides of our bipolar political arena thought that was just fine. Also, none of them did anything to curtail the abhorrently exotic and weird business practices in the financial industry.

Worse yet, the folks who seem to have pocketed all the money personally by mastering the norms of the day when the problems were manifesting are not getting punished. In fact, Wall Street Journal readers seem to think that these "really smart people" need to get big bonuses STILL because they are the only talented ones able to get us flying level again... If 1000 Engineers caused way over a Billion dollars in losses from revealing National Security secrets, they would all be shot for treason. But the cost of this current economic disaster is 1000 TIMES worse than the hypothetical Billion dollar scenario. And yet we are going to pay them bonuses?

But it is ACORN's fault. They are a non-profit which operates with money dealing in the millions...Not Billions, but millions. ACORN couldn't even afford one private jet. But ACORN (Rush-Limbaugh-speak for 'blacks') brought down the "perfect" Capitalistic System. Get Real!

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