STOCK MARKET WATCH -- Friday, 18 May 2012

[Demeter]

53. Clinton, Boehner, Other Rich White Guys Had A "Summit" And Agreed: It's Your Fault By RJ Eskow

http://www.alternet.org/story/155464/bill_clinton%2C_boehner%2C_and_some_other_rich_white_guys_had_a_%22summit%22_and_agreed%3A_it%27s_your_fault?akid=8799.227380.ow25Rg&rd=1&t=21

This week a bunch of rich white guys held a "Fiscal Summit" and agreed that:

1. Despite the fact that unemployment is causing untold suffering for millions of people, it's not very important.

2. Despite the fact that wage stagnation is destroying the middle class, that's not important either.

3. Despite the fact that we need the social safety net more than ever after what they've done to the economy, it's expendable.

4. Despite the fact that our government can borrow money at record low rates and use it to put people to work, thereby ending the recession and jumpstarting the economy, that option's not even worth discussing.

5. Despite the fact that these men all possess great power, wealth, and/or influence, everything that's wrong with the economy is your fault.

6. Since it's all your fault, you better get ready to pay up.

Oh, and one other thing:

7. They're all very smart and very brave. It's too bad the rest of you people are such jerks.
Any questions? Let's hope not, because they're all busy men and it's great golfing weather this week in DC.

The Summiteers convened in a nation wracked by unemployment and filled with crumbling schools and bridges. There they concluded that our most urgent problem is ... government deficits. That's like preaching about water conservation when your house in on fire.

The best that can be said about this billionaire-funded display of arrogance, ignorance, and self-satisfied moral decay is this: If bullish*t were nickels they could have ended the deficit today...The low point of the day was the spectacle of former President Clinton mouthing false platitudes designed to gut everything his party once represented. The bogus arguments put forward by Clinton and the session's other willfully uninformed participants have been decisively refuted time and time again since they were first raised - in 1935! And they were decisively put to rest by a bipartisan committee (doesn't the sacred word "bipartisan" help?) assembled by a Republican President - in 1958. Think of it: The Bowles/Simpson plan touted by Clinton would gut student loans and other educational programs that might someday help some other young kid from Hope, Arkansas follow in his footsteps. You'd think that would mean something. But then, like the other major participants, Bill Clinton's already got his.

Maybe that should have been the event's name: "I Got Mine 2012."

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