Friday, October 16, 2015

Fwd: Soothing words . . .

---------- Forwarded message ----------
From: John Hemington <>
Date: Thursday, October 15, 2015
Subject: Soothing words . . .
To: John Hemington <>

For quite some time now we have been barraged with soothing words about the wonderful recovery from the Great Financial Crash of 2008.  I'm sure that this must have made everyone feel comfortable about just how well things were going.  Except, perhaps, for those of you who have somehow missed out on the benefits showered on Wall Street and the corporate managers and equity investors thanks to QE 1,2, 3 . . . etc. as well as the market boosts from insanely massive debt-fueled  corporate stock buy-backs.  If you were one of the vast majority who happened to miss out on these Fed subsidized bonanzas, well, too bad; your political leaders could care less.  What should worry them, however, (. . . and the rest of us too, since we always manage to muck around in the fallout from these messes and are generally considered to be disposable by our leaders) is what happens when all the QE bullets are spent, the debt accrued and the whole Ponzi apparatus collapses in on itself. 


Tonight's attachment contains some articles examining the difficulties presented by the failure of the federal government (as well most of the world's developed nations) to take reasonable and necessary steps toward economic recovery (i.e., fiscal stimulus and holding those responsible accountable) following the GFC.  It's been seven years since the bottom fell out of the financial system and the only ones who have been made healthy are those who brought the problems on in the first place.  When there is no justice – and there has not been – there is no hope unless those scorned and wronged are willing to rise up against those who have inflicted the pain and sold out the nation and the world for their own personal gain.  Those responsible are now trying to figure out how to squirm out of the mess they have made.  It is up to us to insure that they do not inflict the same measures of self-help that marked the 2008 bailout and left the rest of us up the proverbial creek without a paddle.  If there is no rebellion we have only ourselves to blame.  It is long past time to unmask the neoliberal traitors for what they are and what they do to the rest of us.






Mark Rauterkus
PPS Summer Dreamers' Swim & Water Polo Camp Executive Coach
Varsity Boys Swim Coach, Pittsburgh Obama Academy
Recent Head Water Polo Coach, Carnegie Mellon University Women's Club Team
Pittsburgh Combined Water Polo Team

412 298 3432 = cell

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