I was listening to the AM Radio the other day in the car to see if I could glean any words of wisdom to come through the din. But no luck. However one thing, other than theories about TRIAD and/or the Trilateral Commission, that did come through is that the Proletariat of Greater Wingnuttia is not too happy that the $700B appropriated for the Troubled Asset Rescue Plan (TARP) will not be used to nationalize the banking industry. Yes this is outrageous, my friends.
With the banks still in the hands of the Capitalists, the $700B may instead go to prop up the Bourgeoisie instead, you know, the merchant class that relies on you to purchase Flat Screen TV home theaters with surround sound, living room suites, Hummers, the latest home appliances and other things you really don’t need right now but are nice to have, all with $0 down - 0% interest - same – as – cash - instant - miracle - financing.
Whither Circuit City, whither the Bourgeoisie, whither the economy and Comrade Paulson comes riding to the rescue. So Wingnuttia is enraged. Dreams of nationalizing the Banks have fallen to plans to prop up the Chamber of Commerce Crowd that make up the Bourgeoisie.
What is a Wingnut to do?
On one hand your leaders have told you: the best thing you can do to serve your country is to never criticize President Bush to go out and shop; that deregulation and tax cuts solve all problems; that red ink and deficits don’t matter; that lunch is always free; and that yesterday and today’s bills will never come due. On the other hand, now that the bill has in fact, come due along with interest and penalties, someone is gonna have to pay up.
What is a Wingnut to do?
Do we try to determine who is going to pay the bill and how much each will have to pay? Would it be beneficial for everyone going to pay a little via the $700B TARP (and the next bailout), or will would it be prudent to risk payment in other ways like suffering through prolonged recession(s), economic decline and / or lower standards of living? A good question but without easy answers and thus this is the quandary for the AM Radio Crowd.
So what’s a Wingnut to do?
Lambast the TARP, bemoan the un-nationalization of the banks, decry their ideological allies in the Bourgeoisie or some thing else that does not require self reflection could all be answers.
The sure answer however is to keep listening to the AM radio. That is what they are sure to do.