Now big business is "demanding" a bailout. Not just Financials, but a much bigger slice of Big Business.
http://www.reuters.com/article/domesticNews/idUSTRE48S96O20080929?pageNumber=1&virtualBrandChannel=0
This is directly in conflict with the will of ordinary people. It is already becoming clear the the U.S. population is starting to make the association between some elements of the business community (mostly Financials) and contempt for the "little guy".
Recent revelations of give-away money to Auto firms is part of the publicly disclosed bailouts of non-Financials.
If these bailout moves directed towards the wider business community get picked up on the people's radar (I'm betting it will) then the stage is set for a true and novel conflict within American society.
This is "metanews" - too deep and too hot for the general media to talk about glibly...
4 comments:
Mark,
I mentioned that fact that Obama is nothing but a Chicago Pol. Well the bailout bill proves it. ACORN is a radical community organization that actually pays people to protest. It is the Chicago way. Of course, these protests are only for what they deem worthy.
old john
Mark
I just read almost the whole bill, ACORN was taken out. But, I do know who put it in as a patronage tool. Next time, when he is president, they will get their money. Ready made protests if they do not get what they want.
old john
Hi John,
I'm sure things like that are happening, but my main point is that there will be a groundswell of protest against ALL of the elites, not just Obama..The real protests will swamp any "fake" ones...
I see a real, rather then manufactured crisis coming...
Regards,
Mark L.
Mark,
Hello. I agree with you that you may get some real protests but the bitterness towards wall street will last a generation. I know a few people who have recently delayed their retirement because of 401 k problems. Then of course, we are probably close to a bottom while everyone pulls out. Interesting times indeed
Post a Comment