This post contains some strong language. If that offends you, don't read it. If you read it and get offended, you have only yourself to blame.
MarketWatch's Paul Farrell is an angry man. He has a secret which is shared among a relative few of us, and it pisses him off. Paul knows this country is FUBAR, and he figures we need to start over from scratch. His latest plan for doing just that is for Congress to fail to raise the debt limit to force the United States to default on its obligations.
SAN LUIS OBISPO, Calif. (MarketWatch) — No, do not raise the debt-ceiling. You heard me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A debt addict. Time to detox. Deal with the collateral damage before it’s too late.
We need to fix America’s looming credit default, failing economy and our screwed-up banking system. Now, with a Good Depression. If we just kick the can down the road one more time, we’ll be trapped into repeating our 1930’s tragedy, a second Great Depression.
Yes, depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not work. Won’t work in the future. Remember that 30-month recession after the dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak, Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And what about the so-called Great Recession of the 2008 credit meltdown? Didn’t work either. In fact, made matters worse: Wall Street got richer by stealing from the other 98% of Americans, the middle class, the poor. And now their conservative puppets in Washington want to make matters worse, widening the wealth gap further to benefit the Super Rich.
Seems nobody really gives a damn about our great nation any more. America’s now a capitalists anarchy: “Every (rich) man for himself.”
Proxy battles are fought by high-priced lobbyists in a broken political system. America needs a 21-gun wake-up call. Yes, that’s why America needs a Good Depression. The economy’s bad now. But kicking the can down the road again will make matters much worse later.
Paul's idea is that if we have a controlled "good" depression now, we might be able to avoid the endless shitstorm that's definitely coming. He's of the school of thinking that says things have to get a lot worse for there to be any chance they'll get better. There's something to be said for that. I basically took that view in my post Run, Sarah, Run! But I can be flexible. I could vote for Michele Bachmann if that would speed things along.
This photo was taken on October 2, 2008.
At the time, whoever made the sign was urging Wall Streeters to take the plunge, a sentiment I'm sure we all share. A few defenestrations seemed to be just what the doctor ordered. It is getting close to three years later, and the prescription for success has not changed.
But I think it's time to make the group of fuckers who should jump out a window more inclusive. It would be a pity, a damn shame really, if our political leaders, regardless of party affiliation, didn't follow suit. And let's not forget to include some economists. A few days ago, economist Mark Zandi, mouthpiece for the Democrats, told the Daily Ticker he thought JP Morgan Chase CEO Jaime Dimon would make a fine secretary of the Treasury should Tim Geithner resign. His exact words? Dimon would be a "fabulous" replacement for Geithner.
According to my little scheme, and I'm sure Paul Farrell would approve—as least I hope he would—Zandi would follow Dimon out the window. In fact, all people sorely in need of an osculectomy would be urged to cast their fate to the wind. Don't know what that is?
A surgical procedure only done on a very hush-hush basis in New York, Los Angeles, and Washington, DC. which becomes necessary when Party A has kissed the ass of Party B with such intensity that a vacuum bond is formed that is so strong that it can only be broken by surgical intervention.
Usage: In this case, (Ezra) Klein needs an osculectomy to be forcibly detached from the posterior of Michael Lewis — Yves Smith (Naked Capitalism)
We are told the End of the World is coming if Congress fails to raise the debt limit. I've got news for all these assholes who should smack the pavement after a very long fall: the world has been ending for many ordinary Americans for about 30 years now. And you politicians, doing the bidding of your monied benefactors, are the ones who sold them down the river. And now you've created a SNAFU from which there is no escape.
It's a clusterfuck—that's the only word that describes the situation. And it didn't come about by accident.
I am sick and tired of being screwed by unprincipled hustlers, and I'm not the only one. Over those last 30 years you've botched things so badly that anything you do now is going to force the American people to take it up the ying-yang. We know that's true because somebody has to sit on a high, hard one, and experience tells us that it won't be you or any of your friends & patrons. In the hallowed halls of Congress, you've got your own cushy health care plan, your own special pension upon retirement, and all sorts of other perks ordinary Americans can only begin to dream about. Fuck you.
I'll bet you have your own special life insurance, too. If you follow my prescription, you're going to need it.
So, here's what you do: show up that day in Congress, vote Yay or Nay on raising the debt ceiling, go the closest, most convenient window you can find, being sure to pick one of the required height to do the job, and jump out of it.
Good riddance.
Bonus Video — Bill Hicks discusses advertising. Different subject, same idea.
I can relate to where you're coming from and even think it would be somewhat deserved what with the way so many people in this country cling to their middle-class ignorance fantasies (including many people who aren't really middle class at all). But still, the idea of such a catastrophe unfolding all around me and in my life is, well, scary. But you're quite correct in pointing out that if some kind of metaphoric h-bomb doesn't get set off, people on all levels of society especially the top will just go right on clinging to the nonsense that just keeps making things worse and worse and worse. I could list a bunch of microcosmic examples in my own life but I know better than bore people with what to them would sound like personal trivia.
Posted by: Loveandlight | 07/06/2011 at 10:59 AM