If a Socialist Stood Up For the Tea Party, Would They Be Shot?

You might think I'm getting lazy with the YouTube reposts, but this one is good. It raises all the points about how Republicans have failed in the past 20 years. It ignores that Democrats have participated in that failure. Bill Clinton and Robert Reich loosened the Depression-era controls on Wall Street and toxic assets were the result. It is during the Obama Administration that most people were illegally foreclosed on. This administration is really good a rhetoric, but let themselves get rolled by Wall Street. Where are the prosecutions? The newly-impoverished bankers? The news stories on their great fall? Nowhere.

I am not a Republican by any means. I am also not a Socialist. But there are many Socialists who agree with some of the basic idea of the Tea Party. Would both sides be able to get over themselves enough to get those things done?

But getting a few of the Tea Party people into the halls of power might be a good thing. The Tea Party seems to be angry at the Wall Street bailout. So am I. The Tea Party is against health care reform. Too late, it already happened. And no politician on Earth is going to tell a mother her child should be denied health insurance coverage and die. Once you pass something like that, it is here to stay. The Tea Party adherents also fear the religion of Islam and consider it the enemy. And? They aren't going to be able to outlaw the religion or do anything of the kind.

I have great hopes for the Tea Party. I hope they metaphorically hold the feet of Wall Street to the fire. I hope they hold to their beliefs that America does not need to be engaged in a war in Iraq and most of the time, doesn't need to be engaged in a war at all.

China!

Financial predictors, having failed totally at their jobs, now have a new focus for us to think about: China.

China is not something we need to worry about. They do not have the legal infrastructure to enforce contracts from one end of the country to another. How can you build an economy on that? And contracts are only reflective of a snapshot in time based on who is in power at the time the contract is signed. Try making major business decisions based on that.

And that is setting aside the problems with innovation and risk-taking that are not rewarded in the Chinese culture, which are still present.

The United States has nothing to worry about from China.

We're Looking for Someone to Kill

This whole financial mess has really brought out the bloodthirstiness of the American public. Does anybody remember when Ronald Reagan said that millionaires shouldn't be taxed so much and everybody agreed because they thought they might be millionaires one day?

It has to be occurring to at least some of those investment bankers and Wall Street types that their lives are in danger as well as their bonuses. In fact, a public set down and a few public humiliations would do a lot towards the security of the former Masters of the Universe. Who would imagine that it would all end so badly, so quickly?

And don't underestimate the willingness of the U.S. Congress to really get mean and claw back bonuses for the last decade. Anything to keep from being blamed is the motto of every American politician these days.

The good news is that people are only killing their defenseless family members at this time. What kind of twisted pride would lead a person to think their kids are better off dead than poor? Sorry. I can't get over that one.

J.P Morgan CEO Whines Like a Baby

"JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said it’s “unfair” for politicians to criticize Wall Street pay without differentiating compensation based on performance." as quoted in Bloomberg.com today.

But it is OK for assembly line workers to have their compensation affected irrespective of performance - right? And if management decisions cause a company to tank, then it is the unions that need to adjust their compensation agreements - right? Not the management. Never the management.

The long-term security of pensions doesn't mean a thing if the management bonuses and private jets are at stake because it's not about the financial burdens at all. It's about who bears the financial burden.

NEWSFLASH: The days of wine and roses are over for corporate management. And aren't those deer-in-the-headlight looks just plain fun?


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