Economy

Emergency Economic Stabilization Act of 2008
(call, write, email or tell your Senators and Congressmen and tell them to keep voting NO to this fraudulent act)

While I love Democracy Now for being progressive and factual. During the story today Sept 30, 2008, about the Emerg. Econ. Stabilization Act of 2008, HR 3997, (which was dastardly lumped in with Sr. and Veteran benefits legislation) Amy said that the point drop the other day of 777 points was the largest "point drop" drop ever, true but... That statement without truth and history plays into the panic that Bush and the money grabbers want right now. 777 points today is 6.8%, 500 points of Oct. 29, 1929 was 12.8%. Then just like today the system of speculators and moneychangers, were making a great deal more $ than workers and doers. From the day before the big crash started up until it bottomed out in 1932, the total drop was 89% below the peak, meaning if you had a dollar on Oct. 28 1929 and left your $ in their, you had 11 cents in 1932. As far as I'm concerned that is still pretty good for doing nothing but trying to live off of the crap table of life. Keep up the good work DN. Don't let them buffalo US.

The top 1% of the inverted pyramid of wealth who do no work, except follow the bottom line maximum profit for their money pied piper of the god Mammon; are to blame because they bought our legislature for too many years. All as the Bail Out Act does is reward them for their infinite greed. We the people just borrowed almost a trillion dollars from a private bank called the Federal Reserve to fight a war that Wall Street, the Pentagon and oil barrens have raked in billions on but they still want more. You see money at its best is an intangible tool we all agree to give value to in order to conveniently exchange goods and services. Interest is synonymous with usury, which is shunned in the Bible and forbidden in the Muslim religion, yet a necessary instrument of modern society. In other words if you let somebody use a pound of your salt you would maybe expect them to give you a pound and a quarter back after your being without your salt for two years, fair enough. There is another consideration, that of ownership and investment of wealth. If you own a company, I agree you should be able to make more than the average worker but nowadays the "average" disparity between worker compensation and the CEO is Satanistic!

The figures stand in stark contrast: the CEO of a large company pulls down an average $10.8 million per year in salary and bonuses. That doesn't count the value of perks and some stock options, whose value can run to many millions more. But the average worker makes only $29,544 —only about 160% of the poverty level for a family of four. http://www.socialfunds.com/news/article.cgi/2370.html

Why are persons that often give themselves bonuses when the companies they manage are going bankrupt worth 365 times what a trained tradesmen who must show up every day he is scheduled, be able to pass random urinalysis tests for drugs, and be treated as an instrument in the scheme of profit? Because we have allowed self-serving egotistical persons to occupy our elected government offices that are not representing the majority of the people in a democratic fashion. They have made our form of government into a plutocracy. In plane terms this means a government sold to the highest bidder. Here is an excerpt from somebody that explains the philosophy of a great many of our current sadisitic leaders:

Strauss, who died in 1973, believed in the inherent inequality of humanity. Most people, he famously taught, are too stupid to make informed decisions about their political affairs. Elite philosophers must decide on affairs of state for us.In Washington, Straussians exert powerful influence from within the inner circle of the White House. http://thetyee.ca/Mediacheck/2005/11/29/HarperBush/

This is not Levi Strauss who with a partner invented blue jeans. Here is what was said about Levi: "Fairness and integrity in his dealings with his Eastern factors and his customers and liberality toward his employees soon gave the house a standing second to none on the coast." http://www.fashion-forum.org/fashion-brands/levis.html
Now this is the kind of CEO we need today! Instead the Levi Strauss Company had Philip Marineau as CEO from 1999 to 2006. In 2002 he lead the company to close all North Amerikan production facilities and outsource all manufacturing to maximize profit for the companies stack holders. For doing this he received a purported 25 million dollar bonus. I don't mean to pick on poor Phil or Levis. This is just one example of current corporate leadership gone to the god mammon.

What to do? Call, write and email your Congressmen and Senators EMEDIATELY, and tomorrow morning and tell them to vote no on this Bail Out legislation and keep voting no until Bush and the neo-capitalists go away and ask no more. We need money to return to being a method to exchange goods and services and away from being pieces of paper representing nothing but a cesspool of wanton greed. We need leaders and CEOs that are willing to give up the bottom line and be part of America; to invest in America so our money once again represents the value of the hard work of the American people.