"There is a French revolutionary air in America these days, with bankers playing the part of the aristocracy. Turn on the radio or open a newspaper and the bile comes out. Michael Daly, a columnist for the New York Daily News, yesterday wrote about 'Wall Street subslime'. Congressmen say calls to their offices are opposed to any bail-out of bankers by a factor of 100-1. Even Warren Buffett, the wise old man of American capitalism, is coming under suspicion from ordinary American voters. They point out that he seized on the chaos to make investments, notably $5bn in Goldman Sachs, which now depend for their very success on a massive bail-out". writes Philip Delves Broughton, in the Daily Mail.

America certainly is at a turning point in its history. It is an obscenity that a $700bn bail out of the greedy bankers is even being proposed- and it will be even more of an obscenity to ordinary, hard-working American taxpayers if the Bush plan does go through.

It's time for American to heed the words of one of their greatest Presidents- Thomas Jefferson:

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.


Do we put the interests of greedy, amoral capitalists, before the interests of ordinary hard-working American taxpayers? Its 1% of the population against 99% and if the 1% do prevail, we can't call it democracy.

0 comments