I was reading the Paul Krugman's post today on nytimes. He was describing the Obama's response to the financial crisis. Paul draws 2 conclusions- (1) Crisis or No-Crisis, Bankers (read "Capitalists") get the windfall and (2) Obama was just another Politician who in his 1st month only is back-tracking on his election rhetoric of "transparent and just administration".
The root cause, Paul argues, is the "illusion of private owernship". But I shall argue that the REAL root cause behind all the root causes is the Idealistic War between Corrupt-Capitalists and Corrupt-Communists. Allow me explain it...
I can't help but draw the parallels between current US situation and demise of USSR as we knew it then. Western world, especially Capitalists, was "raptured" (like Alexander after he apparently conquered the world) when USSR failed in 1990s. They blamed it on Communism. Now apparently the current financial crisis can change the world power equation in defining terms (read "Demise of Superpower Amercia"). And here lies the true "situation"...the capitalists, who undoubtedly control the political class in America, are fighting every second to prove that Capitalism is not to blame for the current crisis. Hence Obama is approving windfall to Bankers (read Capitalists) and punishing Taxpayers like you n me. This is evident when TAXPAYER's money is going to "digest" (buy) the "toxic assets" of Banks and STILL TAXPAYERS ARE NOT OWNING THE BANKS [all of US Banks's Total Current Market Cap is <= US$200Billion; Imagine What US$800Billion of TAXPAYER's money (that OBAMA's pledging for "recovery") can BUY...banks, auto-companies and finally Bankers/Capitalists themselves :-)]
When Taxpayer's own the majority stake, the company is said to be nationalized. So why don't Obama "nationalize" all the banks, motor companies and all those being "rescued". This is where Capitalists stop OBAMA (cause they are the one who funded his election) and trying the project to the world (including Communists like Russia, China etc.) that Capitalism is still ALIVE in America. I really can't help but Laugh, But in the end even Capitaists can't prevent the eminent erosion of Amercia's power...in act they are fuelling it!
So friends it does not matter whether the people in power are Capitalists or Communists, as long as they are Corrupt and do not care for the common man like You and Me, these crises are going to happen.
Mr. Obama, you are truely a JAP (Just Another Politican)!
Monday, February 2, 2009
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