Redistributing wealth...up.
The level of corruption in American society has reached a Soviet scale with the announcement this week by Goldman Sachs of 3.44 billion dollars in profits during the second quarter. Matt Tabibbi - once again - explains the amorality of "banks" like Goldman Sachs:
Taken altogether, what all of this means is that Goldman's profit announcement is a giant "fuck you" to the rest of the country. It is a statement of supreme privilege, an announcement that it feels no shame in taking subsidies and funneling them directly into their pockets, and moreover feels no fear of any public response. It knows that it's untouchable and it's not going to change its behavior for anyone. And it doesn't matter who knows it.
This is simply more proof that representative democracy is dead in this country. We have become a country for Goldman Sachs, run by Goldman Sachs so the Goldman Sachs will not perish from the earth. Both libertarian Glenn Beck and mega liberal Amy Goodman have spoken out on Goldman's rapacious greed. To say those 2 are strange bedfellows is to misunderestimate the world "strange". Surreal is more like it. Let's take the pairing as an early sign of my prediction that we'll all be libertarians in the end.
I'll add to this old joke:
What's a conservative? A liberal who's been mugged.
What's a liberal? A conservative who's been served a subpoena.
What's a libertarian? A conservative or liberal who's country has been sold off to pirates in Armani suits.
As anyone who comes around here knows I am deeply cynical about our ability to survive this latest - and,I bet, last - round of looting that BushBama has unleashed. (One could argue that Obama's economic policy is a wholly owned subsidiary of Goldman Sachs.) The glue that adheres us could easily be blown apart by the financial rape of the entire middle class.
Why we have not rebelled yet is anyone's guess. We are distracted constantly? We are all twittering while Rome burns? Most people are so overfed on some version of corn product that we can't be bothered to get off the couch? Everyone is mellowed out on anti-depressants?
One can dismiss the idea of "class warfare" but in reality it has already been declared - by the criminals at Goldman Sachs.
Taken altogether, what all of this means is that Goldman's profit announcement is a giant "fuck you" to the rest of the country. It is a statement of supreme privilege, an announcement that it feels no shame in taking subsidies and funneling them directly into their pockets, and moreover feels no fear of any public response. It knows that it's untouchable and it's not going to change its behavior for anyone. And it doesn't matter who knows it.
This is simply more proof that representative democracy is dead in this country. We have become a country for Goldman Sachs, run by Goldman Sachs so the Goldman Sachs will not perish from the earth. Both libertarian Glenn Beck and mega liberal Amy Goodman have spoken out on Goldman's rapacious greed. To say those 2 are strange bedfellows is to misunderestimate the world "strange". Surreal is more like it. Let's take the pairing as an early sign of my prediction that we'll all be libertarians in the end.
I'll add to this old joke:
What's a conservative? A liberal who's been mugged.
What's a liberal? A conservative who's been served a subpoena.
What's a libertarian? A conservative or liberal who's country has been sold off to pirates in Armani suits.
As anyone who comes around here knows I am deeply cynical about our ability to survive this latest - and,I bet, last - round of looting that BushBama has unleashed. (One could argue that Obama's economic policy is a wholly owned subsidiary of Goldman Sachs.) The glue that adheres us could easily be blown apart by the financial rape of the entire middle class.
Why we have not rebelled yet is anyone's guess. We are distracted constantly? We are all twittering while Rome burns? Most people are so overfed on some version of corn product that we can't be bothered to get off the couch? Everyone is mellowed out on anti-depressants?
One can dismiss the idea of "class warfare" but in reality it has already been declared - by the criminals at Goldman Sachs.
Labels: bailouts, class warfare, Goldman Sachs, middle class, profits
posted by John Smart at
Friday, July 17, 2009
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