Allen L Roland's Radio Weblog
My ongoing theme is always the truth , as I see it , and the exposure of lies, deception and manipulation wherever they exist. I remain firmly convinced that the world can no longer resist its innate urge to unite and co-operate with one another and we are very close to the point where war can no longer be an option if this transformation is to occur. Website: allenroland.com Email: allen@allenroland.com
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Monday, March 23, 2009

 

THE TAKEOVER OF AMERICA / REPUBLIC  BECOMES  OLIGARCHY


America has become an oligarchy ( a government ruled by a powerful few ) versus a Republic ( a government limited by law ) as the banking and Wall Street Masters of the Universe continue their tyranny and class economic rape while the public ignites in furor: Allen L Roland

On February 25th, 2009 I wrote that President Obama has become a cheerleader for the banking elite's culture of excess ~ http://blogs.salon.com/0002255/2009/02/25.html and I now add that Timothy Geithner continuing as head of Treasury is the equivalent of the Fox guarding the henhouse. 

The total tally of government funds committed to date to bailout is closing in on $13 trillion ~ remember, a trillion is a million million or a thousand billion and that cannot be sustained without severe consequences to the economy.

Paul Krugman pessimistically writes today that " Mr. Obama has apparently settled on a financial plan that, in essence, assumes that banks are fundamentally sound and that bankers know what they're doing. By the time Mr. Obama realizes that he needs to change course, his political capital may be gone." http://www.ourfuture.org/progressive-opinion/2009031323/financial-policy-despair

While the political class and banking elite give Geithner good reviews ~ only 11% of the Public feel he is doing a good or excellent job according to Rasmussen poll reports:

" America's Political Class gives Treasury Secretary Timothy Geithner rave reviews: 76% have a favorable opinion of him. Two-thirds (66%) of the Political Class say Geithner's doing a good or excellent job handling the credit crisis and federal bailouts.
However, the latest Rasmussen Reports national telephone survey found that America's Populists see things from an entirely different perspective. Just 12% of Populists have a favorable opinion of Geithner, and only 11% say he's doing a good or an excellent job." Rasmussen Reports 3/22/09
 
It's now Wall Street versus Main Street and Obama can't have it both ways in a battle that the pubic is rightfully seeing as ' Class economic Rape '. Main Street needs a cheerleader and Keith Olbermann has picked up the scent. 
 
That's a term that Olbermann used in his impassioned plea to Bust The Trusts on his most recent special comments regarding the bank bailouts and the excesses of the CEO'S of bailed-out multinational corporations.
VIDEO / 7 minutes /  Keith Olbermann's Must See "Special Comment" on Bank Bailout ~ http://www.truthout.org/video/032009S

Once again, a Republic is a government limited by laws but when laws and regulations break down, as they most certainly have over the past eight years, what emerges is an Oligarchy ~ the tyranny of the elite and self-appointed financial masters of the universe. 
 
Matt Taibbi , Rolling Stone, refers to it as The Big Takeover or better yet Power Grab ~ " The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron ~ a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers."
 
The takeover has already happened and only our united outraged voices can stop it now.
 
Allen L Roland 
 
Freelance Alternative Press Online columnist and psychotherapist Allen L Roland is available for commentsinterviews, speaking engagements and private consultations ( allen@allenroland.com
 
Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on  www.conscioustalk.net

Cartoon courtesy of Tom Toles / Washington Post

 

Allen Roland’s weblog: http://blogs.salon.com/0002255/
Website: www.allenroland.com
ONLY THE TRUTH IS REVOLUTIONARY


11:42:24 AM    comment []



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