Blog Flux Directory Subscribe in NewsGator Online Subscribe with Bloglines Blog directory
And, yes, I DO take it personally: Lest we forget, the economic collapse is affecting REAL PEOPLE
Mandy: Great blog!
Mark: Thanks to all the contributors on this blog. When I want to get information on the events that really matter, I come here.
Penny: I'm glad I found your blog (from a comment on Think Progress), it's comprehensive and very insightful.
Eric: Nice site....I enjoyed it and will be back.
nora kelly: I enjoy your site. Keep it up! I particularly like your insights on Latin America.
Alison: Loquacious as ever with a touch of elegance -- & right on target as usual!
"Everybody's worried about stopping terrorism. Well, there's a really easy way: stop participating in it."
- Noam Chomsky
Send tips and other comments to: /* ---- overrides for post page ---- */ .post { padding: 0; border: none; }

Thursday, March 20, 2008

Lest we forget, the economic collapse is affecting REAL PEOPLE

i've read a number of blog posts and commenters' remarks talking about how people stupid enough to drive up their debt to the point where they can no longer keep up, who signed on to mortgages that, no matter how attractive the initial terms, were beyond their means, shouldn't expect a bailout... what this perspective conveniently ignores is that the entire system has been wired for people to easily fall prey to such schemes... our entire society has been structured around a "get while the gettin's good," "i'll take mine and the devil can have the rest" mentality... when all that's ever dangled before our faces are the obscenely rich getting obscenely richer and the american dream portrayed as "whoever has the most toys, wins," what are people supposed to do...? the answer is clear - pull out those credit cards, buy that new car, sign that mortgage, and keep on buyin'... now that the bottom is falling out, it's the poor slobs who believed that bullshit propaganda who are getting hurt, not those who perpetrated it for their own benefit...

ah, america...! what a great country...!

and, naturally, it takes the foreign media (the bbc) to show us our own dark side...

Labels: , , , , , , , , ,

Submit To Propeller

And, yes, I DO take it personally home page