We the Maids – The People – must sweep in the financial bail out We deserve over the career politicians, cashing in on inside COVID-19 information, and their corporate financial supporters; who took us to the cleaners when the 2008 financial crisis hit; and who are jointly responsible for the cutbacks in health care that has created the health, financial and economic mess We are all confronted with today.
The 2008 financial crisis was brought about because of greedy banks and bankers, who engineered debt-laden and highly leveraged illusory financial instruments that were unsustainable and collapsed.
The current crisis, triggered by COVID-19, was brought about because of greedy corporations and their corporate elite-executives who, instead of reinvesting their earnings to create productivity, created “value” by downsizing and distributing the money saved to themselves and corporate buybacks, instead of the workers and shareholders. A business model that is also unsustainable and has now collapsed.
Like the bankers in 2008, airplane manufacturers, big oil, travel industry, airlines, cruise industry, hospitality, hospitals and drug companies, have all jumped onto the multi-trillion fiscal stimulus bandwagon being fought over in Washington.
The big business lobbyists are doing what they do best. Make sure their clients’ bad short-sighted, short-term greed, without any long-term planning, that has left their companies broke or technically bankrupt, are bailed out and made whole! At We the Taxpayers expense of course.
Can you imagine the look on any casino dealers face if you asked them to give you back the money you just lost because of a bad bet? But that is exactly what corporate America and World are demanding!
It’s payback time!
It is time small and medium size businesses which make up 83 per cent of U.S. payrolls, should come ahead of Big Business that is “To Big to Fail.” No they are not – and some should fail.
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Illustration: Mark Carparosa
