More than 20 years ago, I wondered aloud about the patriotism of corporate executives who urged American consumers to buy American-made products while they consistently exported jobs manufacturing products to sweatshops overseas in order for them to pocket a few more shekels from the exploited labor abroad.
Those were the days when “greed” was the name of the game. I remember seeing an expensive Mercedes Benz in those days with a vanity license plate reading “GREED.” Those were the days before the savings and loan crisis in recent history, which preceded the stock market meltdown, which preceded the crash of The Big Three automakers, which preceded the Congressional-Wall Street-handout, which preceded Bernie Madoff, making off with $50 billion, fleecing everybody, even including thousands of greedy, savvy, bankers, who were supposed to know better than to fall for the same kind of “Murphy” they’ve been running on the public all these years.
You’d think by now, someone might have figured out that scam and gotten wise. But no. Maybe the only person who’s minding the store in Washington is Pres. Barack Obama, and judging by some of his cabinet picks, I even wonder about him (He couldn’t find anybody who paid their taxes before being picked for an appointment? And that Treasury Secretary came from Wall Street. He’s another fox guarding the henhouse).
To his credit, Mr. Obama called a spade, a spade, during his first prime-time press conference Feb. 9. “Now, you have some people, very sincere, who philosophically just think the government has no business interfering in the marketplace,” The Pres told reporters. “And in fact there are several who’ve suggested that FDR was wrong to intervene back in the New Deal. They’re fighting battles that I thought were resolved a pretty long time ago.” So did I Mr. President.
“What I’ve been concerned about is some of the language that’s been used suggesting that this is full of pork and this is wasteful government spending, so on and so forth. First of all, when I hear that from folks who presided over a doubling of the national debt, then I just want them to not engage in some revisionist history. I inherited the deficit that we have right now and the economic crisis that we have right now.”
Yes, he did inherit, what one commentator described as “the in-box from Hell.” He inherited it from all those Republican, fake-fiscal-conservatives. There was nothing “conservative” about them, unless by conservative you mean against progress for Blacks. Continue reading