Economic Meltdown, Financial Press & Electoral Politics
January 22, 2008
Markets are swirling down the shitter, economy can’t be far behind, and one wonders what this all means. Now PhysioProf is no economist–he’s just a belligerent asshole with a keyboard and an IP address–so if you want real solid economic analysis go to Agonist and read what Stirling Newberry, Ian Welsh, and Numerian have to say. But I watched the Democratic debate last night, I watched CNBC Squawk Box this morning, and I consider myself a semi-sentient being. So here are a few thoughts:
(1) All these pudgy soft assholes in custom suits and garish neckties on teevee peddling “financial analysis” are total fucking liars. Whether they are intentional liars, or just blinded by their intrinsic biases, I can’t say. But it is a certainty that every single god damn word that passes through their lips is filtered through a system of finely ground lenses that warps everything towards supporting the financial interests they share with the corporate oligarchy and the big-money compulsive-gambler Wall Street playas.
They don’t give a single flying fuck about “the economy”, “the American people”, “financial analysis”, or any of the other happy horseshit they pretend they are talking about. They care about one thing–the continued viability of the corporate oligarchy and related socioeconomic elite classes of which they are all members.
When Jim Cramer looks into the camera and talks about what “we need” from the Fed, from the government, from the banks, do you really think that “we” includes ordinary working Americans? Fuck no!! It is him and his fellow Wall Street playas, and he and his fellow “financial analysts” are peddling a load of steaming horseshit designed to hornswoggle the rubes listening into doing exactly what will continue allowing the corporate oligarchs and their associates to continue fucking those rubes in the ass.
The “markets” want rate cuts because it will allow them to “back out positions in an orderly fashion”–i.e., keep throwing bags of money in the back of the Hummer. Guess whose money that is? Yep: it’s yours.
(2) All these craven asshole “financial analysts” talk about the current economic clusterfuck as if it is just the consequence of the operation of some unthinking, unfeeling force of nature, that policies, decisions, actions, and statements of human beings had absofuckinglutely nothing whatsoever to do with. It is one of those things that “just happens”, and now we have to react to it, without looking backwards.
Guess what? More grotesque fucking lies, specifically and intentionally designed to obscure one salient fact: This shit is going down as a clear consequence of intentional decisions made at the corporate and governmental levels to push the limits of how much money could be stolen from the vast overwhelming majority of American citizens and given to an elite few. And the ideological underpinnings of this massive theft of wealth are the clearly espoused principles of lassez faire free-market capitalism that are one leg of the depraved neo-feudal platform of the conservative political movement. Problem is, these fuckers got too greedy.
(3) One of the things I noticed about the Democratic presidential debate last night is that the candidates seem to be getting much more comfortable referring to Bush as the irredeemable fucknozzle that he is. The Democrats should be hammering the point that our national clusterfuck–economic, civil liberties, military, governmental, environmental, press, healthcare, etc–is not just some random coincidence of unfortunate happenstance. Rather, it is the apotheosis–brought into perfect culmination by Bush and his sick fuck cronies–of the avowed conservative plan to turn the United States into a feudal fucking estate, and ordinary citizens into serfs.
And they should make it abundantly clear in no uncertain terms that nothing less than absolute repudiation of the conservative movement, the Republican Party, and the neo-confederate neo-feudal slavering dogs left within it, coupled with a warm embrace of progressive principles of society and government, is going to avert that end.