We just saw a Titanic moment in Italy. The same day France loses AAA in euro downgrade along with much of the EU group, Italy, a floundering economy, has a major luxury ship sinking. Just as the Titanic heralded the mega-Titanic sinking of the entire British Empire, so does this event. It is also, ironically, nearly exactly 100 years since the Titanic. The capitalist/luxury system which can run only by crushing the working middle class, has a HUGE gash in the hull. In the GOP primaries, the richest candidate, a cruel luxury man from the top of the ship, is snarling at the people working in the steam room and the third class passengers.
Even though less than half of the GOP voters support him, Romney has decided he is already won the race and has dropped any pretense of being a normal American and instead, has decided to openly channel his inner Marie Antoinette: Romney: Income inequality is just ‘envy’ – Jan. 12, 2012
“You know, I think it’s about envy. I think it’s about class warfare,” the leading Republican presidential candidate said Wednesday on The Today Show. When asked if there are any fair questions about wealth distribution, Romney replied, “It’s fine to talk about those things in quiet rooms and discussions about tax policy and the like.”
Quite. How dare these pesky peasants irritate him! Huff. Worse than the colonials, the darkies. Rich people talk about taxes and wealth distribution in gentleman’s clubs over a good drink and a fine dinner! Not yelling in the streets, throwing rocks, setting buildings on fire! The rich don’t talk about tax policies, they DICTATE these to the rest of us. When they need political cover for bankrupting our empire while filling their own pockets, they go about telling everyone that NO ONE will pay taxes.
Just like in Japan! In Japan, the rich are very, very rich and the middle class is deteriorating, the working class is virtually quite literally dead. For the last 30 years, the rich Japanese overlords refused to pay taxes and in the last 20 years, thanks to ZIRP lending, the government gets to run up debts virtually without any overhead costs. But the principal balance has gone totally haywire there. Today Japan is rapidly sinking because they cannot add infinite debt forever!
Ergo: taxes on everything imaginable are shooting upwards suddenly. The present government is openly talking about a 25% VAT (value added tax). Ruthless taxing of the very rich? No. Taxing everyone who has to eat and survive? Yes, the people who talk about taxes in well-padded, triple pane window, penthouse rooms have figured out how to deal with Japan’s debt problems!
Romney should have zero chance of getting anywhere near the White House if we had a sane society. But there is still room for fantasy and bribes and he will talk about how everyone should pay the same tax on income and no tax on profits, of course. He will plaster the planet with ads screaming about how he will make us all millionaires by not paying any taxes and the solution to our problems is to destroy the social safety net.
Which is happening in Europe. Europe will literally explode into ethnic and religious warfare as people realize they are on a sinking ship and like in Italy yesterday, the captain has given no warning, the ship listed to the right too fast and most of the lifeboats couldn’t be launched and the first class passengers on top have been helicoptered to safety while the people in the lowest levels of the ship drown.
The Romney/Gingrich bellowing battle on the airwaves is causing many funny things to happen. As the attacks on Wall Street grow on the Gingrich side, he has been warned off: Gingrich Calls for Withdrawal of Anti- Romney and Bain Ad. The ad in question is actually a documentary which is most interesting and cuts to the chase, namely, the offshoring of our jobs, the breaking up of unions and the theft of retirement funds: Watch: Devastating anti-Romney film surfaces “When Mitt Romney Came To Town”
Produced by a former top Romney strategist, the film focuses on people turned out of their jobs at four of the many companies Bain Capital essentially looted, tapping into the popular discontentment with Wall Street to label Romney a “corporate raider.”
The companies — laundry equipment maker UniMac, electronics maker DDI, toy store chain KayBee Toys and office supplier AmPad — were all purchased by Bain and liquidated, “killing jobs for big financial rewards,” the film explains.
I was going to post the video here but it was cancelled by You Tube. It is an excellent video. It will hurt Romney a lot. Of course, the big media bosses love Wall Street and hate paying taxes so they will not be vigilant in covering the Romney story. How, exactly, did he get filthy rich? Ah, that is a huge question. The same goes for former President Clinton. He left the house, nearly bankrupt and in less than five years, was a multimillionaire, too. He basically sold himself to Wall Street.
Click here to see a stupid Romney ad: The Morning Plum – The Plum Line – The Washington Post
* Romney rolls out Bain pushback: With the above in mind, take a look at the new ad the Romney campaign is now running in South Carolina. It represents a retooled response to the attacks on his Bain years, and it focuses heavily on the jobs created at companies restructured on Bain’s watch: Second, the new ad airbrushes out of the picture the private equity side of Bain where the company made enormous profits off of restructurings that led to mass layoffs, as his campaign has been doing from the start. The ad deals with this part of the record by claiming that Bain “invested in struggling businesses,” implying that its role was entirely salutary.
And third, the ad again makes the ludicrous claim that raising questions about the Bain years constitutes “putting free markets on trial,” an argument that has been rejected by many leading Republicans.
Lean and mean: this was a boast common to the Wall Street/warmongering gangs who have run our own ship on the rocks. As the US sinks into the deep blue sea to join previous wrecks of former empires, we can clearly see how abuse of the staff, abuse of the third class passengers and reckless speed, reckless sailing by the captain trying to keep up with demands of the first class passengers…we know the end of this story, don’t we? From Arkansas where Ohio and Michigan industries moved so they could easier kill the unions: Cooper Tire workers speak on struggle
Doug Graham, a worker with 20 years at Cooper, added, “It’s going back to the 1930s. I lost $30,000 a year when they changed working hours and eliminated overtime after eight hours of work. We’re working 12 hours a day. People fought and died for the eight-hour day and now it’s gone.
“My dad was a coal miner, and I was born and raised in southern West Virginia, in McDowell County. He told me stories of how the miners had to fight for everything they got.”
Tom, with 22 years, said, “It used to be a union—now they’ve made it a business. We’re all divided. The young guys are not getting a pension. Soon they are going to be the majority in here. Then the company will offer them a small raise if they vote to get rid of our pension.
This is EXACTLY what happened in Japan! Japan became a first world nation, briefly, but autoworkers there had to live in dormitories and send their wages home to their small farming villages which all died off and now the heart of Japan has vanished and the refugees have clustered in the cities. The workers there never got to really join the middle class like they briefly did in the US. Now, US workers must work overtime with no pay and a half. They have fewer vacations and pensions are rapidly vanishing. Will crushing the workers entirely cause the US Titanic to sail further?
The answer comes from the mouth of history: Nope. Won’t happen. Britain managed to limp along after WWI and even expanded greatly. But was so feeble, it took little to shove off the cliff for good. The only reason Britain survived WWII was due to the US and that is the only reason they survived. After WWII, desperate to resume their empire, the Brits tried to cling to all of their multiple colonies but uprisings caused this to finally end miserably, too even after the US tried to impose imperial rule on French and British colonies.
Back to Mitt the Knife, more videos: Mitt Romney Challenged on Lobbyists – YouTube
The snarling, snappish behavior when confronted about his lies about lobbyists is most interesting. He was grilled by an AP reporter and I wonder if the reporter who seems intelligent and well-versed, still works there. You can bet, there are moves to get rid of this pesky reporter. One trick is to have one of the pro-Wall Street media owners to invite him to join them and get a fantastic pay raise. Then fire him over some silly excuse and then he can’t get any more jobs. I have seen the happen, personally, to more than one reporter!
Lying is very easy if there is no one to expose the lies. Romney has been struggling hard to disguise who he really is. His slip of the tongue when he proudly announced that he loves to fire people is just one example. He tried to explain away his viciousness by saying, we ‘fire’ insurance companies when they don’t ‘please’ us. But no one I know talks that way! We always say, we ‘changed’ our coverage and generally, not because we want better but far more often because we can’t afford it!
His use of the word, ‘fire’ is due to his attitude problem. He really enjoys firing people and then imagining them suffering while he rolls in dough. Here is a story of a New York Wall Street hedge fund owner going insane because a waiter handed him the bill for the very expensive meal and he didn’t want it, he wanted it put on his charge account: Enraged millionaire CEO allegedly breaks waiter’s finger | The Raw Story. So he punished the semi-slave. The Wall Street gnomes are furious this year due to Occupy Wall Street. The movement has been diluted by winter’s storms but new movements will arise just below them, not the liberal, let’s all be nice people but from the hard core laboring classes who suddenly can’t drive their gas guzzling hulking pick up trucks to the local saloon anymore. They will be hunting and they have guns.
The Mitt Romneys of the world, the Wall Street venture capitalists all think these guys will follow their lead but this is impossible since the one thing these guys want is a GOOD job, not working overtime for free and living in dorms and having no families. Marriage in the lower classes has imploded. This is VERY BAD. When the poverty class gave up on marriage, no one really cared. But now, the former middle working class has given up on marriage and this is a social disaster that will reverberate for generations. Even the white collar middle class is giving up on marriage.
Japan has a low divorce rate but this is more due to having a worse and worse marriage rate. Young people are not getting married. They can’t afford it. And in the US, the educated class is now being shoved deeper and deeper into debt before going to work so they, too, cannot afford to buy homes or build families. This school debt is a total disaster! And is one reason the housing market will never recover. We need young people with credit to buy houses! If they are $100,000 in debt for school costs, how on earth can they qualify to buy a house?
Europe is sinking and the US has a huge hole in its own hull. And the very rich have a solution: throw half of the people overboard and let them all drown.
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