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  • From: Gene GeRue <genegerue AT ruralize.com>
  • To: Homestead <homestead AT lists.ibiblio.org>
  • Subject: [Homestead] Comments on the bailout
  • Date: Fri, 17 Oct 2008 12:48:41 -0700

The mother of all bail-outs is upon us– approaching a trillion dollars in federal funds, that is, in tax-payer’s money, to get the big gamblers and hustlers and sharpies off the hook– and it’s way beyond global. Let’s call it galactic or stratospheric. It is awesome, and the questions just keep on coming:

When the big guys were raking in super-profits, we were not invited to the table to share the wealth, so why are we now told we must share the pain?

Isn’t this socialism for the rich?

If “government is the problem” and the genius of the “free market” the solution to everything from health care and education to national defense and public safety, why are the marketeers in line with their hands out?

We were told repeatedly by the powerful that there wasn’t enough money for decent health care for all, wonderful schools for poor kids, and support for a life of dignity and purpose for the elderly, so how did a trillion dollars suddenly materialize?

Further if full and generous funding for education and health care would turn ordinary, hard-working citizens into lazy, dissolute louts– that’s what they said– then what can we hope for the moral well-being of the financial wizards?

Is the government of the people, by the people, for the people, or has it finally become a wholly-owned subsidiary of Big Finance, Big Oil, and Big Pharma?

We were reminded that our patriotic duty required that we support a war-of-choice costing $500,000 per minute, but who profits, and who suffers in war?

I’m just asking…



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