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19 October 09
Where's the Outrage?

I don’t know about you, but I am outraged.

I am outraged and not just about Goldman Sachs, but about a process that allows, even encourages political pandering, by time and time again rewarding leveraged riverboat gamblers and failed institutions and at taxpayer expense.

I am outraged that real people are suffering massively while the influence peddlers have stolen the country for their own personal benefit.

I am outraged at a political system that is totally unresponsive to the American people.

I am outraged by campaign contribution and lobbying processes that allows corporations to buy votes with donations.

I am outraged how legislators ignored the wishes of the people who clearly did not want these bailouts in the first place.

I am outraged that very little of this is in mainstream media. Why is this stuff not on the frontpage of every newspaper in the country or at least in the editorial pages?

I am outraged that the average US citizen is not aware of any of this, instead depending on CNBC, or “The View” for their interpretation of the world.

I am outraged how special interest groups have exercised their power to monopolize the economy for the benefit of themselves, US citizens be damned.

I am outraged that all these bailout programs are doing nothing to alleviate the massive consumer debt problems. Every program, virtually every program was designed to bailout lending institutions, not consumers.

I am outraged at fees charged by banks receiving bailouts.

I am outraged over government pension plans and government pay scales massively out of line with the private sector.

I am outraged that Congress and this administration thinks the solution to massive budget deficits are still higher budget deficits in excess of a trillion dollars.

I am outraged about indictments. Paulson Admitted Coercion to force a shotgun wedding between Bank of America and Merrill Lynch yet no indictments were handed out. Let the Criminal Indictments Begin: Paulson, Bernanke, Lewis.

I am outraged that US citizens are not concerned enough and not educated enough to demand change.

I am outraged that the two party system has failed. Neither party has delivered meaningful change on budgets, on taxes, on social security, on deficit spending, on the size of government, on military spending, or fighting needless wars.

I am outraged at a Fed that purports to be “inflation fighters” when the only source of inflation in the word are central bankers, and their fractional reserve lending policies.

I am outraged that Greenspan and Bernanke could not see a housing bubble that 1000 bloggers could see.

I am outraged at the selective memory of Bernanke when speaking to Congress about these problems.

I am outraged that Bernanke’s one sided response to asset bubbles, letting them grow without end, then bailing out the financial institutions that cause them.

I am outraged the Fed exists at all. It is a useless organization that cannot see bubbles, that panders to banks, that supports inflationary policies that are tantamount to theft by fraud.

I am outraged that the Obama Administration promised changed and did not deliver. “Yes We Can” was a lie. The reality is “It’s Business As Usual, Only Worse, With Higher Deficits”.

I am outraged there is not enough outrage over this.

Where the hell is the outrage?

- Mish Shedlock

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  1. lovesmogwai reblogged this from poortaste
  2. nikkilikes reblogged this from morningbell and added:
    poortaste: I don’t know about you, but I am outraged. I am outraged and not just about Goldman Sachs, but about a...
  3. dhk answered: quelled by the sedatives in the food and water supply? Or being too broke that the quest for $ (read:food) trumps ideaology.
  4. skeptictank answered: I’m outraged that most of the other people who are outraged don’t actually know why they’re so angry unless someone tells them.
  5. falconieri reblogged this from poortaste and added:
    except “Obama business as usual”. When he...office for 2 months we all heard
  6. hellonewworld answered: It’s over there! I just saw it around the corner…
  7. jmarie3 reblogged this from poortaste
  8. jmarie3 answered: It’s an IPhone obsessed, selfish, self centered, lazy, spoiled, apathetic society, why would anyone expect outrage?
  9. falconieri answered: I agree with all execpt for the last one…Obama and business as usual. He has a lot more time left. Shit takes time.
  10. thebadmonkey answered: after years of “If you don’t like it why don’t you get the fuck out you unamerican bastard”, my rage came to the Third World. Good riddance.
  11. shorterexcerpts answered: Hiring Geithner/Summers was the signal for “no change” to WallSt. unfortunately
  12. morningbell reblogged this from poortaste
  13. beetnik reblogged this from poortaste
  14. yankeegirl answered: the only thing americans care about is kate plus 8 and other shit like it.dancing with the stars gets more press than all the above.
  15. megwhyte answered: On a dusty shelf at the McDonald’s inside WalMart, chock full of high fructose corn syrup and trans fats.
  16. poortaste posted this
Themed by Hunson. Originally by Josh