Holy cow. I just can't quite shake the feeling that the economic events of this week have forever changed the future of our country. I simply can not believe we are nationalizing the financial system and bailing out those who have made record profits for the past eight years while the working person's wage has remained flat. UGGHHHH!!!
I am too frustrated to say anything coherent about this mess. So, let me just post a few related links:
We're all French Now: This article from this week's Time Magazine compares our current situation to the socialized capitalism France has endorsed for the past 20 years. Arguably, we are even more socialized now...and it has been to benefit the richest Americans. Ugh.
Bonus Heaven at Goldman-Sachs: This article from 2006 gives a bit of an image how much money was being made by these Wall St. fat-cats over the past decade of decadence (up to $50 million in one year by some traders). Incredibly, we are now rushing to give them another $700,000,000,000.
Bailout would take away change: This podcast from NPR discusses how this enormous economic burden will essentially eliminate the opportunity for change that McCain or Obama have before them. With the additional economic burden here, they simply can't do much with healthcare, social security, tax change, or social programs.
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