After a decade of cutting governmental programs, tax breaks for the wealthy and pay-offs for multi-million dollar Forbes 500 corporation, some people DARE say this will work. Any sane person should know that there has got to be something wrong when two recessions occur in the span of 30 years with yet another coming. Buckle up, America, for if these ego-maniac lunatics continue their reign, we will forever be forces to scavenge the dollar store and pimp our lives to brainless sons-of-greats called Bosses who are nowhere near our level of intelligence or hard work for, the last time I checked, it is harder to breath the thick smokey grey air of a mine shaft or raise three kids while working 3 jobs under the shame of welfare than walking three blocks a day to memorize and, for the most part, cheat your way through an Ivy League school that Pop, Ma, Granny and Gramps all went to and still donate millions to. This is no democracy that turns its back on the people that make it turn. If this is truly the America that set sail from the undeniably tough Monarchial ages of brute dictatorship and civil slavery to indulge in the fruits of Democratic freedom, then we are doing one shitty job and doing what we are doing is not going to help ourselves, our peers or are dependents outside of this country. Reagan's bullshit trickle-down effect has not worked and will not work and it will only force us to drink the trickle of our external competitors who for some reason or another are seen as the enemy. That is devolution and the Right-wing wants more of it. They are not forward thinking but self thinking. Yet the most embarrassing of all is our compliance. We accept, for some reason or another, the illusion that they are better than us when they are not. Our democratic system of government should led by a us and not a them. And over the years that air of separation between "We the People..." and the government has gone too far.
The simple rebuke...a government shall mediate public opinion not mirror it has gone too far. There seems to be no ROOM for the slender shoulders of public opinion against the husky guts of oil and insurance corporation. It is time for a change and that change shall only come from within us...for if our government does not provide us with the democracy we were promised, then it is our godforsaken duty to make it. And there is no choice but to in this time of sheer ignorance and stupidity that has taken over our self-proclaimed "elite." WORKERS OF THE WORLD, UNITE! Because Union is the only thing we have...but who has time to unify when there's food to be put on the table...HA and to think these people who have time to unify dare call American working men and women lazy.
The simple rebuke...a government shall mediate public opinion not mirror it has gone too far. There seems to be no ROOM for the slender shoulders of public opinion against the husky guts of oil and insurance corporation. It is time for a change and that change shall only come from within us...for if our government does not provide us with the democracy we were promised, then it is our godforsaken duty to make it. And there is no choice but to in this time of sheer ignorance and stupidity that has taken over our self-proclaimed "elite." WORKERS OF THE WORLD, UNITE! Because Union is the only thing we have...but who has time to unify when there's food to be put on the table...HA and to think these people who have time to unify dare call American working men and women lazy.
Fears of worsening economic turmoil in the United States and Europe triggered a broad-based retreat on global markets Thursday, with stock market indexes plunging more than 4 percent in New York.
The Dow Jones industrial average closed down for its ninth session out of 10, finishing the day down more than 500 points, or 4.3 percent in the red; the Standard & Poor’s 500 fell 4.8 percent; and the Nasdaq tumbled 5.1 percent. All three indexes experienced their biggest weekly drops since May 2010.
The Dow was down 10 percent from highs in May, erasing all gains for 2011.
“The undertone of this is just fear that we’re rolling off again into another recession,” said Jim Paulsen, chief investment strategist at Wells Capital Management.
The losses come after nearly two weeks of declines as evidence mounts that Europe’s debt crisis is intensifying and the U.S. economy shows no signs of rebounding soon.
The steep stock market drop that accelerated Thursday is stoking fears that the economy is headed into a sustained downturn at a time when policymakers are particularly ill-equipped to fight it.
The losses, if sustained, would severely undermine the efforts of both government and individuals to dig out of the severe debt that many analysts say is at the root of the nation’s economic troubles.
The Federal Reserve already has in place policies that have kept interest rates at near-record low levels, raising doubts about what more it can do. Meanwhile, the federal government has not shown the political capacity to enact new stimulus efforts.
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