Saturday, April 24, 2010

Boiling Point

If you’re an average American who works for wages you should be madder than hell, and if you’re not, well, maybe you’re deaf, dumb and blind, comatose from habitual drug use or just too damn busy trying to earn a living to pay attention to the heist that has been perpetrated on you for the last thirty years or so.

We’ve been bottle-fed poison Kool-Aid.

I’m talking the Reagan Revolution, supply side economics, union busting, disdain for the environment, and a steady expansion of corporate power at the expense of wage earners, consumers and, in some cases, stock holders. Ronnie rode tall in the saddle and spouted platitudes about the American Dream, hard work, pulling oneself up by his or her bootstraps, the glory of capitalism, shining cities on far away hills reserved for the very rich and fair skinned.

Nothing’s been the same since that seismic shift in the political landscape. Democrats panicked and moved rightward, closer to Reagan’s long shadow, and in the process abandoned their historical constituencies. Today, once you sift through the hyperbole and the posturing and the disinformation talking points, it’s impossible to tell a Democrat from a Republican; both take money from Big Business and worship at the crooked temple of crony capitalism.

We’ve been lied to.

Working people should be furious, steaming, bursting with rage, and these feelings should – unlike those light-skinned Tea Party whack jobs who are mainly pissed off at becoming a demographic minority and rail against liberals and phantom socialists because at least doing so gives them a target -- be directed where they belong and where they might make change possible.

We’ve been lulled to sleep by fairy tales and folk tales, myth and fantasy.

Here’s the truth: Goldman Sachs recently reported its first quarter earnings, a tidy sum of $3.5 billion. Not bad for a firm that was on the ropes and might have expired save for Henry Paulson and an infusion of our dollars; not bad for a firm that may soon be under investigation from the SEC, though that possibility is unlikely to keep the politically-connected folks at Goldman awake at night. They’ll take a hand slap for their pals in the financial services industry, if they have to, but then it will be back to business as usual. Goldman knows this, and so does the government. But the charade is useful on the off chance the public wakes up and realizes how thoroughly it has been deceived.

Timothy Geithner, Wall Street alum and current Treasury Secretary, was on ABC’s Good Morning America the other day, spinning his tale of financial industry reform. According to TG, legislation now worming its way through Congress will make future bank bailouts unlikely, prevent banks from growing into behemoths (too late, TG! the handful of major banks left are already behemoth-size and get to stay that way), and bring derivatives and other esoteric financial instruments out of the darkness and into the light of day. Oh, and TG also advanced the laughable fiction that the American economy is growing stronger. Yes, TG of Wall Street said that. He could just as well have claimed that white is black, black is white, nicotine isn’t addictive and Oxycontin is good for the soul.

Stronger? Cities, counties and state governments are broke, cutting back essential services that primarily benefit the poor, laying off workers, bitching about pension obligations, demanding wage concessions, firing teachers and shortening the school year. Unemployment is still sky high and the pace of home foreclosures isn’t slowing. Where except on Wall Street and K Street in Washington D.C. are these signs of strength? Get with the program, sucker: Wall Street investors and speculators are feeling optimistic, and what else matters in America but how the investor class feels? Our entire economy is organized to make the investor class happy.

Fuck Main Street.

Yeah, raging mad, short of breath, heart banging in the chest like a piston gone berserk. Every industry is too fucking big to fail: banking, insurance, telecommunications, energy, food. Under the banner of “capitalism” and “free enterprise” the corporate honchos and their lobbying firms wrote the rules that became the laws that allowed them to create profitable monopolies. And guess what? They have no intention of giving up those monopolies. CEO’s talk a good game about competition and how it brings out the best in people and companies and weeds out the weak, timid and slow, but it’s all bullshit. Like Russian mobsters, CEO’s want a rigged game and a reliable revenue stream. Why compete when you can acquire your competition and grow, grow, grow, free from anti-trust hassles?

We’ve been molested, like deaf altar boys.

Reagan’s homilies and Clinton’s betrayal of working people with NAFTA sent American jobs out of this country like roaches running from ultraviolet light; first it was Mexico, and after that Taiwan and Thailand, Vietnam, and then the Promised Land of cheap, exploitable labor: China. China, the corporate CEO’s wet dream. Cheap labor, no unions or pesky EPA regulations to grapple with, no OSHA headaches or wage disputes. China and Wal-Mart gave us low prices for people who make peanut wages – and this was, is, touted as a miraculous thing, that though you toil 40 hours a week for minimum wage at a dead-end job, you can still buy the latest crap at Wal-Mart. Thank you, China and your exploited workers. Then Bush Jr’s complete and total fucking of working people, the environment, and the constitution.

The campaign money, the lobbyists, the buying and selling of politicians, judges, regulators, pollsters and journalists that is now part and parcel of our political system have produced a bumper crop of social injustice.

Aren’t you sick of it?

Might as well get used to it because it’s probably here to stay.

Our rectums are bleeding, swollen, torn from the abuse we’ve taken at the hands of crooked politicians and criminal corporations. Take a good look around with your eyes wide open: note the devastation made possible by our collective passivity.

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