The financial markets are in complete turmoil. If the European and London markets go to hell along with the Asian market, we could have a snowball affect that will be unstoppable. And if that happens, 1929 will seem just a mild recession compared to what we will be facing.
How in the world did we get into such a mess? Easy. The last 12 years or so, the big Republican brains convinced our legislators that regulations controlling banks and lending institutions were going to be a problem in a world economy.
Just the opposite is true; lack of regulations and outright greed on the part of big time financial institutions have left us in a situation where the government must bail out the really gian Fannie Mae and Freddie Mac to the tune of $100 billion or more. And they still have other giants like Lehman Brothers and Merrill Lynch left hanging out to dry. These are just the more prominant banks; many other banks are on the verge of collapse, both here in the US and in England and Japan.
I have said many times over the years that our system of "Capitalism with proper restraints" is the best economic system in the history of manking; however Laissez Faire Capitalism is no better than Communism-- they simply don't work.
We must go back to the 30s and do it right again. We had a good balance, but greed won out. For small independent businessmen, they had better get their thinking straight, quit listening to all the BS about government and unions being their big enemy and the reason for their failure.
They should realize that competition from ruthless gian corporations with access to limitless capital is thier real enemy. Government and union employees are their biggest friend and asset.
It really bothers me when I see all these few remaining independent business operators displaying big yard signs supporting the republican congressional candidates who are really their biggest obstacle to survival! Do they have no brains to tell them where the real threat lies? It's Wal-mart, Walgreens, CVS, Home Depot, Target and on and on, so many that I cannot count, that are the real threat to their livelihood.
The government tries to help out the unethical practices of these giants, but they come up with new gimmicks as quickly as rules are made to stop the abuse. Unions help by giving workers a dignifying wage and outlook for others not so fortunate.
We're about to take a long terrible ride to financial hell, but if we all hang in together and respect the rights of all citizens to earn a decent living, we can still save this great society.
Only when we realize that government is about 350 million different beliefs, all that must be respected even when not agreed upon. We cannot and should not demand that all people be Christian, that all people attend church, that all people must do things in a prescribed manner that the pulpit dictactes... The churches must stick to the spiritual side and let politicans worry about the secular side.
So this year especially-- VOTE! It's the most important thing you will do all year and please vote for me and the other great candidates we have this year. Working together we can avoid this great collapse. Working together we can leave our children a society we can be optimistic about.
Paid for by Bob Klug for State Representative. Pete Savu, treasurer.
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