NP - Toryism (Austerity) Isn't Working.

[Joseph Tracy]

A systemic favoring of creditors is one way to put it. Still a bit euphemistic for my less subtle taste. I'd say the high stakes Banksters crashed the system through excessive introduction of fraud, lies and leverage and no one knows where to hide the big hole so they are giving it to the western working class. No austerity for the criminals in charge.  The bailouts were a bi-partisan rip-off and the ripples keep ripping. 

It's all OK though, cuz Saddam and Osama are dead, Bradley Manning has been caught and we can just frack our way to free dumb. Just click those ruby slippers and drill baby drill. 


On Apr 25, 2012, at 7:07 PM, Robert Mahnke wrote:

> This is the best thing I've read on this subject recently:
> 
> http://www.interfluidity.com/v2/3212.html
> 
> It's not a political deadlock -- it's a systematic favoring of creditors.
> 
> 
> On 4/25/12, alice wellintown <alicewellintown at gmail.com> wrote:
>> We are not, despite the hysterical rants of bloggers, ina depression.
>> Moreover, we are not in 1930 or in any decade before it when
>> depressions were happening because of a bunch of things that no
>> longert apply. We have a political deadlock and, in this sense we are
>> more Japanese than we like to admit, more so than the Japanese
>> economically. That is, we have a political system with no guts because
>> they don't want to be gutted. So, they are good at kicking cans. But
>> we are not Japan in economic terms, nort are we Spain or Europe. We
>> need to open the gates and let workers come to our nation. We need to
>> end our stupid wars. We need to invest in education and research and
>> science and technology  and so on. We all know this. There is no easy
>> way. But we are Yanks and our lips, while not upper or stiff, are
>> close to our noses and these are close to the grind stone still.
>>