Posted by: The Amoeba | September 16, 2008

Mirror, Mirror

In case you’ve missed it, there’s a financial crisis going on right now in these Untied States. Biggest one-day stock market loss since 9/11. Biggest business failures in the financial houses since 1929.

This Amoeba’s been hearing a lot this morning about how We the People are being fleeced by greedy tycoons and failed regulators and yadda yadda yadda.

But I was just thinking:

How did these major financial institutions get into such hot water?

Wasn’t it because We the People, holding stock and retirement plans and all these other miracles of modern personal money management (not including yours truly, at the moment my major instrument of high finance is a bus pass, but … another time), were insisting that these firms deliver unrealistic annual returns, or else?

How did we get into such an energy mess?

Wasn’t it because We the People said “screw that tiny Toyota, I need a Hummer”?

How did we get this so-called “education gap” that is now sold as the principal reason why the rich get richer, and the poor get swept off the beach?

Wasn’t it because We the People refused to tax ourselves so that we could provide a public education system that actually works? Like the ones in China, Japan, Germany …

How come we let all this stuff blindside us?

Wasn’t it because We the People refused to pay for real news coverage, preferring to lavish money on the National Enquirer and Dancing With The Stars?

Mirror, mirror, on the wall …

  – O Ceallaigh
Copyright © 2008 Felloffatruck Publications. All wrongs deplored.
All opinions are mine as a private citizen.

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Responses

  1. Right on O.C.

    We all want luxury all the time with no costs out of pocket and a lifetime to repay.

  2. I think the most tragic part of the new American lifestyle is that mothers work to have the bigger house and the more lavish lifestyle. I’ve been asking for such a long time…Who is raising the kids?

    I’m going this morning to move some money from an annuity to an FDIC insured bank…just to make sure. I don’t have that much and can’t afford to lose what I do have.

  3. Whaddaya mean a lifetime, Brian? My grandchildren can pay it out of my estate. 😉 Thanks.

    AmberStar, we’ve had the two-working-parent model sold to us for decades now. Never once, so far as I can tell, being informed that most of the models have so much money, they can pay professional full-time caregivers. The rest of us? Not so much. So we wind up with exhausted parents and neglected, disrespectful children.

    May your nest egg survive the current bout of smashing. Since what I have is a bus pass, I don’t have to worry. Nothing from nothing yields …

  4. […] are) and suggesting that “They” are the ones that you – and I – shave with every […]


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