Showing posts with label Financial Bailout. Show all posts
Showing posts with label Financial Bailout. Show all posts

Monday, March 23, 2009

When Are White People Going To Stop Waiting For A Handout?

From Brown Man Thinking Hard:

When Are White People Going To Stop Waiting For A Handout?
Sunday, March 22, 2009


A phrase you will hear every now and then is "when are blacks going to stop waiting for a handout?" I saw it in print last night while reading commentary by Roy Blount Jr. in the Oxford American , whose latest edition is dedicated to race (that means its only about black people in America) this month.

I chuckled a bit after reading that phrase - it wasn't a half an hour earlier that I'd watched a news clip on The Larry King Show that featured a small group of protesters going from house to house in Connecticut to demonstrate in front of the mansions and estates of AIG executives.

If you've been watching the news, reading the newspaper (SUBSCRIBE NOW - THEY NEED THE MONEY), or surfing the web the last two weeks, you can probably understand why I was busy trying out that age-old phrase, one that is often uttered by those who feel that hundreds of years of racial discrimination should be bygones, with a substitution of my own.

When are these white men going to stop waiting for a handout?

The alliteration between "handout" and "bailout" does not escape me. Because that's what it feels like right now - that there is absolutely no difference between the two.

The only people I see on my TV these days, arguing with Congress about how much they think they should make even though their businesses would closed by now without taxpayer assistance, or pouting to cable news analysts about the severity of their company’s situation, are white people. White men in particular. They all seem to be waiting for the government to do something to help them now that they are in trouble.

And I imagine we are about due now for another bombshell announcement in your local newspaper (THE MOST INFORMATION YOU CAN GET FOR THE MONEY) about yet another "paragon of investing virtue" whose financial chicanery will be unveiled as a total fraud. There have been several who have been uncovered in the last few months, including Allan Stanford, the “billionaire” from Texas whose tight lipped exhortations were prominently featured on CNBC on a regular basis. Haven’t seen one black face in the bunch.

This racial stereotype has gotten so bad that the CEO of Dominoes Pizza, in a commercial that skewers the whole bailout fiasco, is walking down what is supposed to be a New York City street amid a gang of Dominos delivery guys who are handing out boxes of pizza to everybody on the street when he pauses to snatch a box back from a pinstriped suited, grey haired, gruff looking white man.


Rest of article at link above.

This is nothing but WELFARE, but has anyone uttered that word?

Uh huh.

Thursday, December 11, 2008

Auto Bailout Talks Collapse In the Senate

From The New York Times:

Auto Bailout Talks Collapse in the Senate
By THE ASSOCIATED PRESS
Published: December 11, 2008
Filed at 11:36 p.m. ET


WASHINGTON (AP) -- A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.

Majority Leader Harry Reid said he hoped President George W. Bush would tap the $700 billion Wall Street bailout fund for emergency aid to the automakers. General Motors Corp. and Chrysler LLC have said they could be weeks from collapse. Ford Motor Co. says it does not need federal help now, but its survival is far from certain.

The White House said it was evaluating its options in light of the breakdown.

''It's disappointing that Congress failed to act tonight,'' a White House statement said. ''We think the legislation we negotiated provided an opportunity to use funds already appropriated for automakers and presented the best chance to avoid a disorderly bankruptcy while ensuring taxpayer funds only go to firms whose stakeholders were prepared to make difficult decisions to become viable.''

The Senate rejected the bailout 52-35 on a procedural vote -- well short of the 60 required -- after the talks fell apart.

The implosion followed an unprecedented marathon negotiations at the Capitol among labor, the auto industry and lawmakers who bargained into the night in efforts to salvage the auto bailout at a time of soaring job losses and widespread economic turmoil.

The group came close to agreement, but it stalled over the UAW's refusal to agree to wage cuts before their current contract expires in 2011. Republicans, in turn, balked at giving the automakers federal aid.

Reid called the bill's collapse ''a loss for the country,'' adding: ''I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight.''

''In the midst of already deep and troubling economic times, we are about to add to that by walking away,'' said Sen. Chris Dodd, D-Conn., the Banking Committee chairman who led negotiations on the package.


I have watched, as the Republican Rat Bastards and their ilk in the media, have attacked the Auto Industry, mainly by maligning the unions.

Because, that's what this is all about.

Those lowlife mofos, want to bust the auto unions. They want everyone to live in constant and consistent fear of losing their jobs, and being abused as they are in those plants in the south. Mofos like Richard Shelby want all states to be as ass-backwards as his Alabama.

They didn't say SHIT about how much the folks on Wall Street were making. BUt a blue collar guy, making a decent wage, oh no, we can't have that, now can we.

I'm so mad about this, I can barely type.

There are MILLIONS of jobs attached to the auto industry. But, these blood sucking mofos could care less. They could care less about the American Worker making a living that is actually decent. That has something like benefits. That has a wage where he can live with his family, and maybe even save up.

Have the auto companies been mismanaged? Of course they have. Nobody doubts this.

But, to listen to the constant refrain of the GOP rat bastards trying to place this on the UAW - fuck that.

I want all those ' working Americans, White Americans' to take good, hard look and see who wants to make you all serfs of the corporations. Every last one of them mofos has an ' R' behind their names.

We have a Mainstream Media that is too pathetic, and probably doesn't even know anyone whose family has made a living. Whose family got out of poverty and into the middle class because of those union jobs. This is what I mean about having ideological diversity on the Obama economic team. Give me a couple of folks who have FAMILY that actually WORKS in this country, over 5 more Chicago PhDs.

Rachel Maddow says it nicer: