Monday, March 15, 2010

How can this be?

Has enough been said about it yet? I guess not. I'm talking about financial reform. Do you remember how the financial world nearly caused the downfall of our economy?How about how we nearly wound up in a depression? In fact some people, mostly people who lost their jobs, still think we're in one? Or the fact that we're in a severe recession? How about how we had to bail so many of them out of the mess they caused, remember that? Do you remember the big bankers testifying before congress and saying this was just another bump in the road that was to be expected from time to time? Well, after all that and, oh yeh, remember that we suffered through the Great Depression because the financial world played fast and loose with other peoples money? And after that, our country came together and placed safeguards on them so it wouldn't happen again. Which it didn't. Until the safeguards were removed, because we were assured that the folks in charge of the financial world, knew how to safeguard themselves. Well it turns out they did know how to safeguard themselves. Yep. Giant bonuses. That's the way to safeguard yourself, if you're a financial industry bigwig. Well, now after all that, there's still people in congress who don't want safeguards put on these high flyers. That's right. They don't want us to stifle economic growth. Or something like that. What growth are they worried about, anyway? Is it the growth of giant bonuses they fear for? Or maybe the growth of campaign donations? That's important, ya know. Actually it's both, I think, and something else. Something even more important. What could be more important than bonuses and campaign donations, you ask? POWER! That's right, raw power. These folks don't have enough of it to suit them right now and that's what they want to reform. They want to reform the government so they are in as nearly complete power as they can get. Now, don't you feel better about them blocking financial reform?

No comments:

Post a Comment