Robber Barons

I almost can't post this because I find it so discouraging. But it's so important, it should be seen. This is from the incomparable investigative journalist Greg Palast, about the forced bankruptcy of GM.

Screw the autoworkers.
They may be crying about General Motors' bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won't spoil Jamie Dimon's day.

Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders – led by Morgan and Citibank – expect to get back 100% of their loans to GM, a stunning $6 billion.

The way these banks are getting their $6 billion bonanza is stone cold illegal.

I smell a rat. (Read the rest ...)

I had few illusions about Barack Obama as president. I knew he wasn't progressive and had some tense moments with friends when I wouldn't just jump on the bandwagon. I hoped he would give me a respite from worry and fear, and it didn't take long to see how illusory that was as well. Steve Earle was right when he said that whoever got elected, the real work would begin on January 20, 2009. I feel so worn down after 8 years of BushCo, yet there is indeed work to be done.

This story stinks to high heaven.