Saturday, May 15, 2010

Saturday Is For Art & Screwing The People

The rose bush in my front yard in all its splendor.

I haven't written a word about the oil spill in the Gulf of Mexico. By now almost everyone with any sense of fairness or honesty will admit that the Federal Government has failed us again. First, the Securities & Exchange Commission, The Congress, The Federal Reserve Bank and other duly authorized governmental organizations failed to protect the investing public from the greed of Wall Street bankers. The creation of phony Triple-A rated mortgage-backed bonds fleeced billions of dollars from both individual and institutional portfolios. Created a housing bubble that lead to a bond market meltdown which brought about a financial crisis of liquidity and ultimately lead to the worst economic recession since The Great Depression of the 1930's. All this with perhaps hundreds, if not thousands, of government workers getting too close to the people they are suppose to be monitoring.

The same case can be made for those in the Federal Government that were charged with the responsibility to look out for the nation's interests in the drilling of oil offshore. They, the government employees, were literally in bed with the people they were suppose to be monitoring. I guess you can't get any closer than that if your monitoring.

The Federal Government needs to start putting people in prison for failing to do their job and looking the other way. As long as Congress treats such behavior as acceptable, it will continue. But, then again, where do they learn such behavior if not from the Congress? These whores are so corrupt that they can't even pass legislation to correct the problem with the drilling.

Stay tuned.


Julie Schuler said...

I was reading snippets of a book online about the history of Monessen. I just won a contest, so I'm going to buy it! It was strangely comforting to know that industry has always been abusive and corrupt, almost as if they were trying to ruin lives on purpose.

moneythoughts said...

The guy that owns the means of production is always looking for ways to increase production and lower his costs. Before machines, people did the work by hand and were in some cases paid by piece work - how much they turned out. As machines replaced human labor, management continued to press labor to do more to further cut the costs of production. Fixed costs are just that fixed, less depreciation (a tax gift). But, labor can be let go or pushed to do more for less. Labor unions give labor collective bargaining, but corrupt labor leaders sell labor down the river too. Government is suppose to look out for the little guy, but they have been corrupted too and now no one looks out for anyone but themselves. The definition of a politician.

Robin said...


Cloudia said...

We are all coalescing to your opinion.

Aloha from Spring Time in Waikiki!

Comfort Spiral

winslow said...

I think there was a dramatic change during the Reagan years when Reagan "fired" all the striking air-traffic controllers. It appears that companies after that (along with the help of government) knew they could crack the labor market