Michael Moore: The Rich Are Staging A Coup Right Now

Full story here .

Michael Moore has pretty much nailed the reasons why we have to stop spending taxpayer money on financial bailouts:

Falling for whom? NOTHING in this "bailout" package will lower the price of the gas you have to put in your car to get to work. NOTHING in this bill will protect you from losing your home. NOTHING in this bill will give you health insurance.

In fact, he points out that most of the core issue of mortgage defaults is related to people who can’t pay their medical bills.

Aaaah!!  It all makes so much more sense now.  No wonder we haven’t experienced this problem yet in Canada.  We don’t have outrageous medical bills in Canada because we have a public health care system.  We aren’t getting fleeced by privately-run institutions that won’t accept us if we don’t have a credit card.

Thank you Michael.  Things make a little more sense now.  Really.

As you can see, this spells out why the components of the financial crisis pose a critical election issue for Canadians (or at least they should be) for the following reasons:

  1. Our public-run health care system is keeping our economy stable.  Privatizing it (like the Cons would do if they got a majority, based on Tony "Dr. Death" Clement’s experience at the provincial level).
  2. Canadian banks don’t have to worry about toxic debt waste on their books because Canadians aren’t being forced to default on their loans.
  3. Canadian taxpayers should NOT be funding any bailouts from federal bank reserves because it’s not our problem.  Paying MBAs on Wall Street to wreak havoc on the largest economy in the world is not my idea of sound monetary policy.
  4. If you’re going to spend OUR money, spend it on national day care and peace-keeping missions.

I could go on, but you get the idea.


2 comments on “Michael Moore: The Rich Are Staging A Coup Right Now

  1. But… but… but… The invisible hand of the free market will somehow take a hold of this crisis, and then set it right. Just you watch. One of these days now. The hand will intervene, and correct the American market, and it will take away all those millions of worthless pieces of paper that the largest banks in American are currently holding, and make them all worth hundreds of thousands of dollars again. Just you watch. Anyday now. I assure you. Maybe even tomorrow. But the hand just needs a bit of grease. You know, a bribery. Say, in the order of nearly a trillion dollars?

    And when that days comes, why then we can set about taking away the control of our health care, and placing it into the hands of the geniuses behind the idea of hedge funds and they will drive the profits through the roof! Why, there’s profit to be had everywhere you look! Prisons. Why not work those prisoners like slaves? Education. Why not teach the kiddies the value of the corporation (and by extent, the corporate state)?

    Why, it could go on and on, until everything is privatized, including your thoughts.

  2. And we sure don’t want Liberals as the official opposition because
    1. under Martin privatization was happening incrementally and by stealth, where the libs wouldn’t enforce the CHA.

    2. They will Harper Conservatives de facto majority if Harpy gets another minority this time, just like they did the past 2 years. Can anybody say ABSTAIN (in both French and English).

Leave a Reply