Game's Over Kids

It’s easier for us to blame this health bill for the ruination of our country, than it is to blame the economic meltdown and ruination on the bankers, who along with their political puppeteers have for decades been changing the rules to favor themselves with less transparency and bigger bonuses through shadier dealings.

Because our politicians enacted banking deregulation during the seventies, we had the Savings and Loan bailouts in the eighties. The rules were changed so depositor banks were allowed to invest in anything, and they did. Bankers used the savings and loans banks as their own personal piggy banks. This deregulated greed led to more banks failing, and when they failed, they were bought up by bigger banks leading to further bank consolidation.

The Glass Steagall Act kept Commercial (deposit accounts) and investment banks (risk takers) separate. In the nineties when it was repealed, Investment banks (now merged with commercial banks) bought all kinds of financial institutions; including insurance companies and non bank mortgage lending companies.

Then these mega-banks used our deposits as collateral to over borrow and risked it all on sub prime junk bonds. Then when no one wanted to buy these sub prime junk bonds, the bottom fell out, and in steps the tax payer with trillions.

Reinstating the Glass Steagal Act would keep banks on a smaller level and unable to negatively control our economy. It would prevent banks from engineering gargantuan profits for themselves while bringing financial ruin to so many Americans.

This should be a top priority of the Administration, but unfortunately the way things look, this is unlikely to happen. Frank Lutz, a Republican pollster advised Republicans to associate the health reform legislation with bail outs. With this sneaky twisting of issues and political adherence to his advice, how can citizens even begin to understand what’s at stake here?

As Mayer Rothschild founder House of Rothschild said “Let me issue and control a nation’s money, and I care not who writes the laws“. It doesn’t matter what new financial laws they write, the banks are in control of our money and our government.

Elizabeth Warren currently in charge of TARP oversight, said, “either we get this financial regulation right, or it’s game over.” The bankers along with their lobbyists will see to it that we get this financial regulation “wrong”, but it won’t be “game over” for them, only for us.

Talking Point Reform

Citizens repeat the TV talking points about the health reform bill, such as the threat that our premiums will go up. Health insurance premiums have risen for decades, and now, many Americans don’t work for a company able to absorb the rising premiums. The increase is always passed onto the employee, so workers take home less in their paychecks. This is a sneaky transference of wealth into the pockets of health insurance executives. The CEO of Coventry Health Care makes eleven million dollars per year with his financial planning, tax preparation and auto expenses reimbursed by the company. People are angry over this health bill but they‘re not angry over CEOs whose million dollar perks they support.

And how ‘bout that death panel’ taking point, now that gained a lot of traction. The NewsHour reported that an American soldier in Afghanistan said, the US Army is fighting with one hand tied behind its back! The report went on to say that if the Americans are taking fire from inside a house our soldiers cannot fire back. We’re not outraged over our soldiers’ ‘death panel‘, but we are over fabricated, spin-city death panels.

Speaking of war, where is the anger over a war that was “crammed” down our throats? That lie will cost us trillions, but that’s not a TV talking point so those trillions don’t count. Besides, that‘s other people‘s kids “over there” so we’re not up in arms over that.

The TV has convinced us that Health Care Reform will bankrupt the country and leave debt to future generations. How much anger is out there over the 13 trillion the US Treasury and Federal Reserve have given to the banks? How much debt will that leave to future generations? But because the media is controlled by the corporations, these trillions spent don’t have the country up in arms because it‘s not publicized. Thirteen trillion would pay for this health bill 13 times, but it won’t because the banks have all that money.

The real “health care crisis” that isn’t on TV, is that health insurance companies are monopolies, allowed to fix prices to the max and eliminate competition. Do any of these talking points address this outrageous corporate control? No!

Nothing will change until either the government breaks up these monopolies or more Americans are dying in the streets.