“Do not cast me away when I am old; do not forsake me when my strength is gone.” – Psalm 71:9

It never fails to amaze me how stupid Americans can be.  Why do they have this infatuation with privatising Social Security and Medicare?  That means that the money would be invested which as the adverts say, “past performance isn’t an indicator of future performance”.

In other words, the stock market  can go bust and you will loose all your money. Tough shit, chump!

Of course, there’s the bubble mentality which is that “I’m going to be able to make a killing while the other chumps get screwed”.  Greed takes over and all common sense must be suspended to continue the bubble. Unfortunately, people are all too willing to let common sense take the back seat to greed.

The problem is that the right is well financed in US politics.  Shit, so is the “Leftist” Democratic Party as well.

How much does it cost to buy a politician in the US? I’m not making this stuff up, Rep. Patrick McHenry who is currently serving as the Chairman of the House Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs. Some of McHenry’s known top campaign sponsors include Bank of America, Wells Fargo, the American Bankers Association, JP Morgan & Chase, Goldman Sachs and Mortgage Bankers Association.

It never fails to amaze me how people who show a dislike of big government are willing to trust big business.

Even more frightening is that there won’t be a political party that truly represents the common man as long as the US political process requires so much money to run for office.  The US is not limited in the amount of time it takes for campaigning to occur meaning that US elections are long and cost a fortune to run. I’ve heard that other countries (e.g., the UK and Canada) have laws limiting the amount of time political campaigns can run and how much they cost.

Unfortunately, the US has swung in the opposite direction with the Citizens United decision meaning that unprecedented political spending in US Political campaigns. This has opened new ways for unions and corporations to spend money on politics through secret donors. That means the writing is on the wall with US MSM in the hands of a select few. Five companies control 80% of what you see on TV and 10 companies control two-thirds of what you hear on the radio in the United States! We can get into how this affect the accuracy of US Commercial media, but you can find that in fine detail at this site.

Thus the New Right is able to exploit single issues, manipulate the emotions of the masses, and use religious faith to direct workers into voting for candidates who are a threat to their economic interests. Citizen’s United means the situation isn’t going to get any better as the entrenched big money interests work to protect the status quo. Or rip apart any of the government safety nets that are out there leaving people to fend for themselves.

Can’t trust the nanny state, can you?

Too bad it’s all about to come crashing down in the next few weeks, but that’s another story…

And who you gonna run to? Big Business for a bailout?

See also:

How I got Burned by Beanie Babies

A Hedge for Your Home? Yale economist Robert Shiller talks bubble psychology.
Elections in the United Kingdom
Canadian Election Laws & Policies
The Supreme Court kills campaign finance reform.
Citizens United Decision Profoundly Affects Political Landscape
Media in the United States
Current Problems in the Media

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