Who rules America? Those who own it.

“The banks frankly own the place.”Democratic Majority Whip Dick Durbin.

Among those who defeated the homeowners bill are senators Jon Tester (Mont), Max Baucus (Mont), Blanche Lincoln (Ark), Ben Nelson (Neb), Many Landrieu (La), Tim Johnson (SD), and Arlan Specter (Pa).  According to reports, the banksters have poured a half million dollars into Tester’s campaign funds. Baucus has received $3.5 million; Lincoln $1.3 million; Nelson $1.4 million; Landrieu $2 million; Johnson $2.5 million; Specter $4.5 million.

By Paul Craig Roberts

May 14, 2009 Information Clearing House” — -What do you suppose it is like to be elected president of the United States only to find that your power is restricted to the service of powerful interest groups?
A president who does a good job for the ruling interest groups is paid off with remunerative corporate directorships, outrageous speaking fees, and a lucrative book contract.  If he is young when he assumes office, like Bill Clinton and Obama, it means a long life of luxurious leisure.
Fighting the special interests doesn’t pay and doesn’t succeed.  On April 30 the primacy of special over public interests was demonstrated yet again.  The Democrats’ bill to prevent 1.7 million mortgage foreclosures and, thus, preserve $300 billion in home equity by permitting homeowners to renegotiate their mortgages, was defeated in the Senate, despite the 60-vote majority of the Democrats.  The banksters were able to defeat the bill 51 to 45.
These are the same financial gangsters whose unbridled greed and utter irresponsibility have wiped out half of Americans’ retirement savings, sent the economy into a deep hole, and threatened the US dollar’s reserve currency role.  It is difficult to imagine an interest group with a more damaged reputation.  Yet, a majority of “the people’s representatives” voted as the discredited banksters instructed.

Hundreds of billions of public dollars have gone to bail out the banksters, but when some Democrats tried to get the Senate to do a mite for homeowners, the US Senate stuck with the banks.  The Senate’s motto is: “Hundreds of billions for the banksters, not a dime for homeowners.”

Read more

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s