by Scott Creighton
Just a day or so after a report came out that basically said that the suffering and the anger of the people of this country is meaningless in the face of “the market”, a county in Ohio announced that it is laying off over 50% of its cops due to the economy and so they openly suggest their residents “buy a gun” to protect themselves.
In a shorter version of the article for Bloomberg News, Dorning writes, “Americans believe, by an almost 2-to-1 margin, that the economy has gotten worse rather than better during the past year, according to the March Bloomberg National Poll. The market begs to differ, Bloomberg BusinessWeek reports in its April 19 edition. While President Barack Obama’s overall job-approval rating has fallen to a low of 44 percent, down 5 points from late March according to a CBS News Poll, the judgment of financial markets has turned positive.” Business Week
The neoliberal reforms have taken hold and the country is reeling from the imposed recession. People are angry yet the MSM keeps trying to tell them they have no reason to be. The Tea Party movement is constantly demeaned from the left and the right and the polls just don’t make any difference anymore because the Dow is over 11,000.
“The reigning economic approach in Democratic circles for most of the past two decades has been Rubinomics, a term coined to describe a set of priorities fashioned in the 1990s by then- President Bill Clinton’s Treasury Secretary, Robert E. Rubin, the former co-chairman of Goldman Sachs Group Inc. in New York,” Dorning writes, in comparing Obamanomics to Rubinomics. Raw Story
This is the nature of neoliberalism, this is the result. Everything for “the markets” no matter what the cost for the people. They have done it time and time again to other nations and as it is taking place here in America, trust the corporate media to sing its praises as we start to fight for the scraps. No externality is too great for us to pay for their wealth that is the bottom line. Even conservative stalwarts like county sheriff’s deputies end up hitting the unemployment line in the end. A rude awakening for the pro-free market supporters. In the end, we will all pay, because you and I aren’t in “the big club” and the sooner you realize that, the better off we all will be.
When the sheriff’s department in Ashtabula County, Ohio, was cut from 112 to 49 deputies, just one vehicle was left to patrol the 720-square-mile county.
Asked what residents should do for protection, Common Pleas Judge Alfred Mackey replied, ” Arm themselves,” and added, “We’re going to have to look after each other.” USA Today
Left with one patrol car per shift and only enough staff in the county jail to keep 30 prisoners at a time, Ashtabula Co. is about to get a first hand lesson in neoliberal externalities. Crime will rise as will vigilantism.
All across the rest of the country we are also seeing a rise in traffic tickets, especially the ones from the closed circuit cameras. Its a selective tax being imposed on the people of various cities. Fees will increase as well as the cities and the counties struggle to keep from going too far into the red.
Most of this didn’t have to happen. As Wall Street was pocketing billions from their CDOs and their derivatives scams based on the liar loans they also created, they had representatives running around from city to city and county to county bribing officials to invest their constituents money, their futures, in these designer frauds. So when the bubble burst, and it was destined to burst, the cities and counties got no bailouts while the banks and financial institutions that did it too us did. Trillions were spent saving the banks from their own WMDs while we were left to rot.
The neoliberal meltdown of America is well under way while the banker and politico class sits back, collects their checks, lives large, and does nothing for us. Nothing except to keep telling us it isn’t happening.
In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people “earned,” we could have hired 658,000 entry level teachers. (They make about $38,000 a year, including benefits.) Those educators could have brought along over 13 million young people, assuming a class size of 20. That’s some value. AlterNet
Teachers, police, autoworkers, carpenters, small business owners, chefs, we are all expendable just so long as the institutions that are poisoning our economy know that once it starts to look like they will taste their own medicine, the neoliberal government will bail them out with our tax dollars. That’s how it works.
Filed under: Scott Creighton | 13 Comments »