Home > Tell the People > Archives > 2008 > November > 25 > Entry
We The People?
The government’s public-private investment ventures in our banking system is clearly the floating cause of the global credit contagion in domestic and foreign markets. The global traders of Wall Street had free rein to “sell off” our government and economy to established and emerging markets. Being backed by the full faith of our America government sold the global economic community to purchase what is now extremely “toxic” worthless commercial paper. And now there is no end in sight. What started as $700 billion has grown into $2 trillion, with the iconic American auto industry at stake. But forget about the manufacturing industries, our financial dominance over global markets continues to be a national priority. So what does our government do? Continues the transition into a socialist state by partnering further into the private markets, without realizing capitalism is now being seen as an American game played with American dollars. The debt created will not be paid in my lifetime, nor my children’s. This is runaway spending that we have no say about. Our expansionist republic philosophy has us now overextended and very vulnerable to become a socialist nation. As in Russia, there are many billionaires in the U.S., compliments of our government. While the personal wealth of the average American has been affected by the credit crisis the collective wealth of Congress and the executive cabinet has grown, compliments of our government. Still don’t think we are becoming socialist? And who’s bailing out Wall Street? Yes, us, the American people, or so they tell us. We have absolutely NO power to stop these actions. If so, how?
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