The Wall Street coup and the bailout scam

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http://onlinejournal.com/artman/publish/article_3873.shtml


Wall Street took the US (and the world) hostage and extracted a heavy ransom. But while the enormous ransom was successfully extracted, there are no guarantees that the hostages will be set free from the shackles of trickle-down economics. On the contrary, there are strong indications that the fraudulent (and perhaps criminal) bailout may turn the current crisis into a protracted agony of a long bleeding economic depression.

Why the bailout scam is more likely to fail than to succeed

Leaving the issue of fraud aside, the bailout scam is also doomed to fail because it avoids diagnosis and dodges the heart of the problem: the inability of more than 5 million homeowners to pay their fraudulently ballooned mortgage obligations.

-long snip of explanations-

Unless the lopsided national priorities and perverse fiscal policies, known as trickle-down or neoliberal economics, which began under Ronald Reagan, are somewhat rectified or mitigated, and the resulting financial resources are invested through a broad and carefully-crafted plan of social and economic recovery, no bailout plan of the plutocrats, by the plutocrats, for the plutocrats can succeed in reversing the current cycle of economic decline.
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the decline will continue