Monday, September 29, 2008

And so it goes!

Yesterday, the house rejected the Wall Street bailout. Most Republicans voted against it and only about 60% of the Democrats voted for the bill. They (both sides) are posturing and playing politics while the country burns, the DJIA dropped almost 800 points, more banks are failing or are on the verge of failure. The price of everything goes up while wages for the average American either are stagnant or in decline. That is if they still have a job. The future for the average American is in doubt.

We use to have a social contract between the people, government and business, but it has been abolished in  favor of greed. Even as the stock market and peoples savings and pensions tank, the greedy ones continue their rant against the regulation that would have prevented this disaster. They have no shame. One has to ask why regulations were put in place to begin with. Well, the answer is simple, regulations were imposed because someone tried to abuse and take advantage of the system. Those who fail to learn from history are doomed to repeat it.

Is it time for revolution? I don't know, but we have been abused enough. If our government will not or can not protect us, then what purpose does it serve? We now have the best government that money can buy; this is true at the local, state and national levels. As the economic situation deteriorates, so will society, with increased crime, violence, prejudice and disorder. People take extreme measures when their economic well being is threatened. The let them eat cake attitude of the business and governmental elite can lead to the same results as the French Revolution. 

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