Posted At Feministe: The US Economy Is Completely Utterly Totally Screwed
July 21, 2008
Snippet of this post:
I’m sure many of you intentionally watch, or at least sometimes inadvertently are exposed to, the “financial” shows on channels like CNBC, Bloomberg, Fox Business News, etc. They have all these financial tickers streaming across the screen, and very professional looking men and women in business suits “on location” at various equity and commodity exchanges acting like they know what the fuck they are talking about. And they have “experts” on various financial and economic topics who “analyze” why the Dow rose 100 points yesterday, but is down 175 today.
Well, let me tell you something: These people are all scurrilous lying sacks of shit, selling you a bill of goods in service of their corporate masters. They are purposefully hiding from you the ugly ugly truth about the US economy, in order to “prevent panic”, which is code for “give the ultra-rich time to pocket their ill-gotten gains before the bottom falls out”.
Read the entire fucking thing, dammit!