Monday, March 30, 2009

Protected Class

guest-posted by Armadillo Joe

So, I'm just a bitter, dim-witted populist who don't much cotton to all that high-finance tomfoolery too good, but it seems to me that Obama's push to squeeze the automakers (who are keeping blue-collar union jobs and manufacturing of actual tangible goods alive in these United States) and NOT the Wall Street Masters of the Universe (who spin money castles in the air and drive up real estate prices for the rest of us) is a move to once more protect the interests of the wealthy ruling elite at the expense of the rest of us. Obama seems to be choosing sides in the on-going class war in this country, and it isn't the one a majority of Americans voted for when they pulled a lever for Barack Obama.

A direct quote from our president today:
"If they're not willing to make the changes and the restructurings that are necessary, then I'm not willing to have taxpayer money chase after bad money."

Yeah, he's talking about GM and Chrysler, not AIG and Citigroup. Thanks for the tough love, Big O, but that ship has already sailed. A few billion to help hundreds of thousands of financially struggling working class Americans involved in the last large-scale manufacturing concern in the United States versus hundreds of billions to keep a few hundred already wealthy, sociopathic, self-styled cowboys rolling in it (not all of them U.S. citizens, BTW) is an insult to the people who put you in office.

We know who really runs this country, and it sure ain't the people who voted for Obama. He reveals himself to be fully at the mercy of the monied class -- societal changes will only go as far as they allow and they are already getting nervous -- however much we may not want him to be or wish he wasn't. A revolution is coming and the ruling class is doing everything exactly wrong in trying to prevent it.

Like I said a couple of days ago, our ruling class should be more afraid of us. The overlords are so insulated in their gated communities and have been for such a long time that they see this kind of treatment as their birthright. They really do think this country, all of it -- this country's government, its Treasury, its natural resources, its people -- all belongs to them.

They should be more afraid of us.

(H/T Susie Madrak, C&L)


Broadway Carl said...

Hey Joe,

I'm not exactly sure why you're riled up about this considering that bailout based on a feasable restructuring plan was always on the table.

"...the UAW needs to swap equity in the companies for 50 percent of the companies' cash contributions into a union-run trust fund for retiree health care. GM owes roughly $20 billion to its trust, while Chrysler owes $10.6 billion."

I get the fact that this sounds like a raw deal, but if I'm reading this corectly, 50% of something is better than 100% of nothing.

Armadillo Hussein Joe said...

I understand that all of these things have been on the table from the beginning, and frankly, apart from seeing my union brothers and sisters taken care of in a way that strengthens the labor movement -- not vice versa -- my love for trains and a rail transportation network over cars makes me hope Obama forces them to invest their vast resources into a new passenger and freight rail system.

I guess it has more to do with the perceived double standard. I file this one under the "Punch a DFH in the Face" strategy for street cred with The Villagers. He should be going for the "Pitchforks & Torches" strategy, but The Villagers don't trust anyone who wants to punch a banker in the face.

I think Obama may be going for his "Sister Souljah" moment, which was ugly and despicable when Clinton did it and its ugly and despicable now.

Broadway Carl said...

Well, I'm wondering what the response would have been had the government handed yet another truck full of money to GM or Chrysler without adhering to the stipulations set forth a few months ago, or just let them go bankrupt.

I'm guessing it's more a damned-if-you-do, damed-if-you-don't moment.