The theory is that the Republicans will be so scared of losing their seats that they will do anything to avoid agreeing to this proposal. Except for one thing–who’s REALLY gonna get the blame for this? Why, the guy who proposed it, of course. President Obama. You know, the guy who DOESN’T HAVE TO RUN FOR ELECTION AGAIN?
Why all this “save Social Security” nonsense when it is solvent for the next 30 years? Why all this “entitlement reform” bullshit when Social Security has nothing to do with the budget? For that, we have to go back eight years (and actually more) to when President BUSH proposed “privatizing Social Security.” That’s right, this one has a long history–and the reason for privatizing SS was? So the money boys, the banks, the oligarchy, the plutocracy, could get their hands on that money and drain it from our senior citizens faster than any drug addict by stealing your Grandma’s Social Security check.
But wait–how does the chained CPI do THAT? Remember back then–the seniors, the AARP, everybody and their brother decided that the cost-of-living adjustment (COLA) was good enough to keep them going so please do not do us the favor of letting us make bad investments, please. So the money boys–whom Barack Obama is as beholden to as any Republican, any blue dog Democrat, hell, almost every “progressive” Democrat as well–said to themselves, “If the COLA is good enough, then let’s screw the COLA. Then they’ll be clamoring to let us invest the money for them.”
And that, kiddies, is how the sky turned blue. So remember, when Grandma, when Ma and Pa, when YOU start having to eat catfood, it wasn’t just Congress, it wasn’t just Obama…
It was the banks, too big to fail, too big to jail, who wanted your money.
“Allons enfants de la Patrie, le jour de gloire est arrivé!”
However, this change is due to two events–the eminently nightly-news worthy march titles, “The Slut Walk”–ahhhh, nothing like sluts walking to titillate the cockles of the anchorperson’s heart–and the mass arrest of 700 protestors on the Brooklyn Bridge. Captain Jack McCarthy and Officer Joe Bolton were on hand to explain:
“It was for the kids you know. Them poor children shivering in the park with nary a TV camera on them, except for the iPads and cell phones they brought themselves. We thought a few days ago when we peppersprayed a few and arrested a few others for resisting arrest, the news would finally take notice, but we gave up when we’d arrested 80 and no throngs of reporters descended.”
“So we thought–what if we trick a few of them into stepping off the walkway into the road on the Brooklyn Bridge and arrested them for obstructing traffic? That might do the trick. So we had Officer Joe stand at the entrance of the Bridge with a sandwich board and light stick directing people who didn’t want to be arrested to stay on the walkway, and those who didn’t mind it to walk down the vehicular path to the paddywagons. And sure ’tis, we thought we have 400 of them, but by the time we got them all processed, 700 had been miraculously arrested. That got a little bit of front page–but we suspect nothing more will be noticed until there’s another slut walk.”
I’d like to thank the NYPD for their generosity and altruism in helping to obtain some media exposure. But it isn’t going to help. Last I heard, Wall Street officials were making plans for over-the-street walkways and heliports to ensure that the gods of finance never come in contact with the people who actually earn the money they manipulate. Except of course the help. As one broker explained, “Oh, dear, the noise … and the PEOPLE!”
This is Greg Uchrin for IRONY NEWS signing off for now.
This just in (well, I just noticed anyway) JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. Quelle Surprise!
Now, back to business. I thought I might do something about the incredibly tacky game show beauty pageant known as the second Republican Debate last week with Wolf Blitzer seemingly oblivious to his role as successor to Bert Parks (There they are–the next US Presidents!) Bob Barker or Monty Hall. Was that a debate? Then I thought, oooooooo the end of Don’t Ask, Don’t Tell, a much more IMPORTANT thing to celebrate. Darn, we finally will let patriotic Americans fight for their country without prying into their private lives! But then something that seemed to be slipping through the cracks came to my attention. SOMEONE FINALLY decided to protest against WALL STREET.
Due to getting ready for three conventions on three successive weekends, plus the disaster of the basement deluge (not to mention the death of my printer), the knowledge of the existence of OCCUPY WALL STREET seems to have slipped past me. As well as most of the mainstream news! As anyone with any common sense has realized, Wall Street went through a recovery after the banking bailout, but Main Street never did. That’s because Wall Street has usurped the reins of power in the United States and the common people no longer have a voice. President Obama promised to be a force for change, but his moneyed advisors led him by the nose to ignore the plight of the people. The Republican Party fights tooth and nail to protect each and every dollar of them, their true constituency, calling tax hikes on the luckiest of us “class warfare” when the REAL class warfare has been waged on the American middle-class since the days of plaster saint Ronald Reagan. The Democrats are little better, since our endless campaign season requires them to be funded by the money boys. Too long have the media paid attention to the faux populism of the Tea Party which is more intent on punishing their neighbors for a crust of bread than taking it from the bankers who have repossessed the bakery!
I am not anti-capitalist. Bankers and brokers–like the bacteria that live in the body and are necessary to digestion–they are a good thing when regulated. They provide the grease that the wheels of commerce need to turn. But when unregulated they turn into a cancer that sucks the life from the body, from the hearts and minds and hands of the American people. And that’s where we are today, and we’re dragging the rest of the world down with us. It’s about time to stop, to re-regulate commerce, to prosecute the miscreants for the crimes they have committed, to return power to the “little people” like you and me. Whether or not you agree with me, I urge you all to watch what is happening on the streets of New York.
But you might have to really look for it–it ain’t making front page. The money boys don’t want it there.
Financial Times: Wall Street profits from trades with Fed “You can make big money trading with the government,” said an executive at one leading investment management firm. “The government is a huge buyer and seller and Wall Street has all the pricing power.” A former official of the US Treasury and the Fed said the situation had reached the point that “everyone games them. Their transparency hurts them. Everyone picks their pocket.”
TIME: Too Much Profit at Goldman and Morgan? Rolling Stone writer Matt Taibbi … calls the firm a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
Bloomberg: Goldman Sachs Lawyer Charged With Soliciting Girl (Update2)
Goldman Sachs Attorney Caught Trying to Do to a Teen What Goldman Is Doing to All of Us [Crime]
Todd Genger, a 33-year-old attorney for Goldman Sachs, was arrested yesterday for soliciting an undercover cop that he thought was a 15-year-old girl. That’s criminal. Reaping billions in profit from surreptitious taxpayer bailouts, however, remains perfectly legal.
I saw the Gawker article with its reference to Gordon Gekko from WALL STREET and all I could think of was a lizard soliciting a 15 year old As the article continues: So much for the vaunted reputation of Goldman’s army of Ivy League geniuses: “If Genger did indeed get into sexy IM chats with someone he believed to be 15 years old, he’s a colossal idiot on top of being pervert. Because when you think you’re chatting with a sexy underage girl on the internet—it is always a cop. Jeez.”
Ya gotta wonder. Then again–what else could be more in keeping with the reptilian company that gamed the US into GIVING it profits?
We’ve reached the slow season folks and this cartoonist needs some time off desperately to take care of other business so for the month of August, we will be publishing Mondays only.