Guest Blogger

I heard the news today, oh boy...

Filed By Guest Blogger | September 26, 2008 9:00 AM | comments

Filed in: Living, Politics
Tags: bailout package, congressional bailouts, economic bailout, economic crisis, Great Depression

[EDITOR'S NOTE:] This guest post comes to us from Steph Mineart. Steph is a website designer, lesbian, long-time blogger, and occasional writer on political issues. Commonplacebook.com is her online home, and she resides in Indianapolis, Indiana with her lovely girlfriend wife, adorable dog and mischievous cats.

Steph MineartI've tried numerous times to stop blogging about political matters. I'm not any sort of expert on them, and they do make me frazzled in a way that isn't always healthy. There are lots of cool things going on in our lives that I should be talking about instead.

But like many people I know, in the last week I just can't stop reading the papers. Lately I flip from the NYTimes.com to cnn.com to msnbc.com to abcnews.com to the huffingtonpost.com to talkingpointsmemo.com and then back again, trying to figure out what new shit is happening every day.

I think my attitude about all this is like millions of Americans. I go to work every day, do my job, come home, take care of my house & family, and pay the bills. I'm not over-extended or over my head. But now because some empty suits fucked up because they were greedy fuckers, we have to have another Great Depression and lose everything. I have to give up stuff I care about, work harder, tighten my belt and worry about my family and friends getting along and surviving.

Fuck that noise. I'd like to opt out of this new Great Depression, please. I did nothing wrong. I'm not fucking around on Wall Street. I'm not taking out loans I can't pay back, or handing out loans I can't get back. Why the fuck should this affect me? Let the shitheads responsible pay 700 billion dollars, or whatever made up number they're throwing around.

Interestingly enough, the "It's not my shit, why should I pay for it?" is the exact attitude that the Republican party has been cultivating for decades in regards to any social program whatsoever. But now they're SHOCKED, SHOCKED I TELL YOU1!! that American citizens are having this reaction to the bailout. Welfare is welfare, whether it's being handed to starving people or people driving BMWs to work every day. I'd much rather give $2,300 dollars to people who are starving.

You guys rang that bell, so deal with it.


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A friendly correction: ElectraSteph is no floozy shacking up with her girlfriend, living in sin. She is a respectable married lady with a lovely and talented wife!

How true, Wilson! That's a change I'm glad to make! I copied her bio from her last guest post on Bilerico-Indiana and didn't bother to check it. Thanks for the best correction I've been lucky enough to make in a long time! :)

Brynn Craffey Brynn Craffey | September 26, 2008 10:51 AM

We are in one hell of a mess.

I wish the Democrats would run ads: "Name one thing--one thing!--that's better now than before G.W. Bush and the Republican party took over government besides oil company and defense industry profits."

At lunch, my co-workers and I decided that the bailout should take the form of paying of the mortgage holder of every mortgage holder who makes less than $1 million a year.

THAT would stimulate the economy, and really help the middle class.

And it still probably wouldn't cost us as much money!

Serena's right.

The only people that deserve a bailout are working people.

It can be paid for by confiscating the stolen money of the rich, who were enabled by opportuist hustlers like McCain and Obama, Clinton and Bush, Carter and Reagan.

A reasonalbe and attainable bailout for working people can include the following:

1. Socialized medicine financed by confiscatory taxes on the corporate rich and the confiscation of excess profits made by insurance companies, HMOs and Big Pharma. No more dividends checks for the rich until health care is free for all working people, including immigrants. Build all the hospitals, skilled nursing facilities and hospices necessary.

2. End tax breaks for the rich. Eliminate the capital gains swindle. Go after the speculators and swindlers, and arrest, try and jail them. Confiscate their assets. A 100% tax on income over $500,000.00 and a 100% on inheritances on any amount over $500,000.00.

3. We need a constitutional guarantee of a minimum wage of $25.00 an hour with full benefits, both adjusted semi-annually to fully account for inflation.

4. We need to a federal law to cut the normal work week to 32 hours without loss of pay or benefits, with time and a half after 32 hours, and double time after eight hours in any day or 40 hours in any week.

5. Repeal all the Free Trade Agreements in place. FTA’s are anti-union, impoverish working people, make the rich richer and cause environmental disasters.

6. Workers need a minimum twenty workdays of paid vacation annually plus paid federal holidays plus paid sick leave if prescribed by a doctor, including a year of paid maternity leave, from day one of their employment.

7. We need tough federal laws to protect workers who lose, or have lost their jobs because of outsourcing or efforts to control pollution. They should be guaranteed reeducation, relocation and receive full income and benefits until they take a new job.

In the case of those who lost their jobs to corporate outsourcing the costs of reeducation and living benefits should be paid for by a 100% tax on the excess profits and dividends paid to corporate stockholders.

In the case of jobs lost to anti-pollution effort the full cost of reeducation and full income and benefits should be paid by a 100% tax on the excess profits and dividends paid to stockholders of all polluting corporations.

8. We need laws that protect immigrant/imported workers at the same level as native workers.

We need a ten year moratorium on repossessions, garnishments and foreclosures with interest rates reduced to the minimum needed for clerical costs, which is often less than one percent.

If banks and financial institutions fail they should be nationalized without compensation and run by democratically elected bodies. The stock holders have robbed us long enough.

Any one who supports the bailout in any form is sentencing working people of decades of imposed austerity. Believe me when I say that we won't stand for it. Any party that supports the bailout is a party that will be tossed into the garbage.

Robert Ganshorn Robert Ganshorn | September 27, 2008 5:40 AM

All that Serena did was agree with Steph. don't you mean Steph is right?

1. What do you do after the first month?

2. Why do you hate the family farm?

3. And there would be plenty of inflation.

4. Again, tried it in France and they are sorry about it.

5. And allow people to drink things like coffee.

6. Nice, because with the proceeding five things no one would be working anyway.

7. So we must pollute more to avoid this Mr. Perdue. Keep those smokestacks churning! Ah! you mention "reeducation" at last. People have access to continuing education now, but I just want to see 100% high school graduation. The last bit amazes me...so I can maintain profits and dividends to the investors and capitol markets by both continuing to pollute and being inefficient?

8. If they are legal residents they have those protections already. If they are not legal residents they are...not legal. How do you create law to protect someone breaking American law?

Moratorium? pipe dream. The 90+% of people who pay their mortgages and did not get in over their heads, credit limits, or cranial limits are not giving away free houses.

Democratically elected parties running banks and financial institutions. Interesting, a "People's Committee" approach. The "stock holders" own bank stocks usually as part of a diversified portfolio or through a fund. 60+% of Americans hold stock in some form. Are 60% of Americans robbers?

Anyone who fails to support the reorganization is condemning hard working people to years of austerity.

Interestingly enough, the "It's not my shit, why should I pay for it?" is the exact attitude that the Republican party has been cultivating for decades in regards to any social program whatsoever. But now they're SHOCKED, SHOCKED I TELL YOU1!! that American citizens are having this reaction to the bailout. Welfare is welfare, whether it's being handed to starving people or people driving BMWs to work every day. I'd much rather give $2,300 dollars to people who are starving.


That's pretty true. I was working in a school for the kids of over-privileged business people a few years back in Indiana, and I remember we had a class discussion one day about paying for college. One student, from a really, really rich family asked "Why should I have to pay for someone else's college?" I should have said something like "Because the only reason your family is rich is because everyone else is poor. Think about others for a second, k, hon?"

They want us to think about the collective good now. It's too rich. This should be the end of capitalism, but we know that people are going to fall right back into this in 50 years, even if we do all we can to get the appropriate message out.