Beginning in the Reagan administration, the process of 'deregulation' began selling off the assets and authority of the U.S. government to private interests. Much has gone to corporations and other private interests, and even more to foreign investors (particularly the Chinese) who underwrote our drunken spending on houses, SUVs and private school tuition.
The current fiscal meltdown, as painful as it is, at least gave some of us a semi-"I told you so" satisfaction, as the sinners were finally felled.
Now, the former head of Wall Street firm Goldman Sachs, Henry Paulson, is in the driver's seat, taking $700 billion of our tax dollars (and those of future generations) and forwarding them to the sinners on Wall Street--for the moment with no strings attached.
If someone walked into your house, put a gun to your head and walked out with $7,000 of your dollars, what should happen to that person? Most would say he should be apprehended, made to pay back the money, and thrown in jail.
The sinners on Wall Street have done just that. Each of us now owes $7,000 because of what they've done. Will they be apprehended? No need. They're hiding in plain view. Will they be charged? Hardly. And they will never be led away in handcuffs, tossed in the clink or stand before a jury of U.S. citizens. Instead, they will be handsomely rewarded--with our money--for what they've done wrong.
I say let the bastards fail. All of them. Let them work for a living.
Ah, but Paulson says, 'no, that would be a catastrophe!'
OK, pal, I'm willing to take my chances. The country has lived through worse. Let us decide our future...not you and your criminal friends.
This is how revolutions begin.
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