Recession Gives a Major Blow to Democracy

What to do when the utility bills have piled up and there is no money to pay to keep the heat on.

Slimming Middle Class is getting angry

Slimming Middle Class is getting angry

What to do when the utility bills have piled up and there is no money to pay to keep the heat on. We can’t all move to Key West Florida (most wouldn’t even have the funds to get there) and even the cold this winter up here on Amelia Island, requires bit of heat every now and then. The City of Detroit expects to have to shut off power to about 150,000 people who haven’t been able to pay their electric bill. People in snow covered Tennessee and the Kentucky Hills who recently or at least in the past two years lost their jobs due to the economy, are getting desperate as utilities are being cut left and right.

Internet news giant the Huffington Post is inviting people around the nation to share their stories on how bad it really is out there and how the middle class has been damaged into submission.

The statement is cruel and clear: America’s middle class has been driven so far away from the American Dream that desperation and lawlessness could endanger the pure essence of democracy and the American Way of Life soon.
Much more than any terrorist attack could have ever undermined the essence of the American strength, Wall Street’s financial terrorism has managed to seriously hurt the belief in democracy and trust in leadership.

In fact, I think that it has substantially undermined the standards and principles this nation was built on over the past 234 years. There is no society in the world that can sustain a democratic government without a major middle class. It is actually the essence of democracy and America’s middle class is rapidly eroding. The wealthier middle class is urgently looking into options and possibilities to move their relative wealth offshore. The aging baby boomer is looking to find cheaper quality medical care and pharmaceuticals elsewhere in the world, from Cuba to Costa Rica to Thailand and Uruguay.

But long before a massive exodus will occur, many Americans will unite to take their government and life back from those who stole it. It’s all a matter of growing awareness and understanding how they have been robbed of the opportunities that are offered by an equitable democracy. Too many Americans still think that for example socialism means: government owns and operates all production and distribution channels. Maybe in long forgotten times, but not in in today’s world. Democracy implies decency and equitable share.

Washington and Wall Street are killing Main Street

Washington and Wall Street are killing Main Street

A flourishing large middle class will always dictate the level of democracy that reigns a nation and here in the US that level is rapidly disappearing. President Obama said last Wednesday, “Part of the reason people are feeling anxious right now, it’s not just because of this current crisis — they’ve been going through this for 10 years. They’ve been working and not seeing a raise. Their costs have been going up, their spouses going to the workforce — they work as hard as they can. They’re barely keeping their heads above water. They’re trying to figure out how to retire. They’re seeing more and more of their costs on health care dumped in their lap. College tuition skyrockets. They are more and more vulnerable, and they have been for the last decade, treading water.”

I got news for you Obama, the middle class was fine five years ago because they could get cheap equity loans and mortgages to offset their lack of pay raises and they used credit cards as if they were part of their monthly income.
Someone – as in Washington and on Wall Street had told them that it was alright to spend beyond means. We collectively deserved it, they said. Well two full years of a recession that rivals the 1929 depression, the middle class is rapidly evaporating and so is the power of a sensible democracy.

It’s time someone in Washington and on Wall Street starts reading the thousands of comments of internet blogs and realize that there is a big, big threat developing in the nation. Here are two of those comments I picked off a random blog about the retired Citi Group Chairman and Ceo admitting that Wall Street has plundered and pilfered America.

Comment 1: “Not to worry about this other round of bonuses for bankers. We know who they are and we know where to find them!

Comment 2: “Its really quite simple.
A long time ago, Wall St., and its army of very well paid (yet totally sacrificial) pawns, convinced this nation that they were somehow in possession of some kind of special knowledge that entitled them to some kind of elitist existence, in a world beyond the comprehension of us mere mortals.
Thus endowed with our fawning adulation, they structured the financial system to put themselves in charge of our savings, pensions, investments, home financing, business financing, student loans and the financial underpinnings of our entire economy. Simply stated, almost anything with a $ sign on it.
Then this elite cadre of wizards decided to start lending $Billions of OUR MONEY to people who DID NOT NEED TO PROVE THEY COULD PAY IT BACK. In fact, they didn’t care because they had invented ’sophisticated financial techniques’ that made Credit Risk (concerning the ability and willingness to repay money borrowed) only a concern to outdated old codgers from the horse and buggy days.
Lets be clear about this: It was UnCool to talk about Credit Risk. It was UnCool to even think about Credit Risk. Most of all, it became detrimental to one’s professional career to even comprehend the existence of Credit Risk.
Then this ‘elite cadre of financial professionals’ ruined their own companies, laid waste to the retirement funds of millions of people and caused an economic disaster of historic proportions!
Wall St Execs are not an elite group of financial wizards. These people are Professional Grade Morons, who are paid obscenely well by US, for them to build a financial system that rewarded stupidity of monumental proportions!
Mark my words: It’s going to change.

I don’t know about you, but I detect a tone of anger bordering on threat here. I make it a point each day to spend about an hour reading comments (and placing some admittedly) to get a good rating of the pulse that is middle class America. The pulse rate is rapidly increasing lately. Americans are becoming aware of the realities and are getting mad.

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12 Comments

  1. tommylee

    You bet your last shirt on your back that they are getting mad. Only those that cannot help themselves understanding what is going down will suffice to start an all out French Revolution a la United States. The slogan of the French Revolution – Liberté – Egalité – Fraternité – (Freedom, Equality and Brotherhood) will become part of the US history like the statue of liberty. Now I know that many of us don't like the French, but when the middle class in France eroded and only the royalty garnered all the wealth, the Guillotine (The Axe) started doing overtime once the middle class had enough of the bullshit.

    History will repeat itself here in the US and the Statue of Liberty – (The symbol of freedom and giving light to the world – see below) ironically will become the Symbol of Middle Class USA taking back what once belonged to them, Just like the French did in 1789 and lasted 10 Years.

    The Statue of Liberty is a monument commemorating the centennial of the signing of the United States Declaration of Independence, given to the United States by the people of France to represent the friendship between the two countries established during the American Revolution.

  2. Hal_Burns

    Threat, well Duh…..You think? Great article and it brings out the point that the middle class has just about reached the end of it's rope. There are threats and it is beginning at the ballot box, I think you will see a major turn over this November. That is not the only threat however, in my opinion I think we are going to see more and more threats that will border on even violence in this country. People have been pushed just about to the breaking point. When parents can't take care of their children you will see a different side come out.

  3. Ameliaprivateeye

    Do you really believe the Guillotine will come back in vogue? I, too, am mad as hell!!!

  4. Publisher

    I think you're right Hal. People are still using the pen as their weapon in a last ditch effort to correct the wrongs, but if I sense the undertone in American society, they will soon use different more violent methods to make their demands known and sadly I don't think that all of them will wait until November's midterm elections.

  5. tommylee

    Or something comes close…

  6. tommylee

    And neither democrats and Republicans has a solution that will be acceptable so even elections won't do you any good in changing the landscape of Depression.

  7. tommylee

    You bet your last shirt on your back that they are getting mad. Only those that cannot help themselves understanding what is going down will suffice to start an all out French Revolution a la United States. The slogan of the French Revolution – Liberté – Egalité – Fraternité – (Freedom, Equality and Brotherhood) will become part of the US history like the statue of liberty. Now I know that many of us don't like the French, but when the middle class in France eroded and only the royalty garnered all the wealth, the Guillotine (The Axe) started doing overtime once the middle class had enough of the bullshit.

    History will repeat itself here in the US and the Statue of Liberty – (The symbol of freedom and giving light to the world – see below) ironically will become the Symbol of Middle Class USA taking back what once belonged to them, Just like the French did in 1789 and lasted 10 Years.

    The Statue of Liberty is a monument commemorating the centennial of the signing of the United States Declaration of Independence, given to the United States by the people of France to represent the friendship between the two countries established during the American Revolution.

  8. Hal_Burns

    Threat, well Duh…..You think? Great article and it brings out the point that the middle class has just about reached the end of it's rope. There are threats and it is beginning at the ballot box, I think you will see a major turn over this November. That is not the only threat however, in my opinion I think we are going to see more and more threats that will border on even violence in this country. People have been pushed just about to the breaking point. When parents can't take care of their children you will see a different side come out.

  9. Ameliaprivateeye

    Do you really believe the Guillotine will come back in vogue? I, too, am mad as hell!!!

  10. Publisher

    I think you're right Hal. People are still using the pen as their weapon in a last ditch effort to correct the wrongs, but if I sense the undertone in American society, they will soon use different more violent methods to make their demands known and sadly I don't think that all of them will wait until November's midterm elections.

  11. tommylee

    Or something comes close…

  12. tommylee

    And neither democrats and Republicans has a solution that will be acceptable so even elections won't do you any good in changing the landscape of Depression.

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