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Hightower Lowdown
"The issue isn't just jobs. Even slaves had jobs. The issue is wages." -- Jim Hightower
December's Lowdown
Corporate elites and their small-minded political servants are creating the Incredibly Shrinking America
"We the people of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America." What a paragraph! This sparse, 52-word opening of our Constitution did not merely launch a fledgling nation--but a bold experiment in democratic idealism.
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In This Issue
Whoever wins, we need Kevin, Heather, A.J., Monisha, Stan, Debbie, and Peter
Political outsiders are the only change we can count on
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The bailout bonanza
The Bushites' trillion-dollar giveaway started out as a bailout for banks with big holdings of investment schemes based on home mortgages. Then lobbyists got "any other financial instrument" included. Then foreign-based banks, including Swiss-based UBS (whose chief lobbyist, former Senator Phil Gramm, is longtime economic advisor to John McCain), muscled into the party, looking for a handout to cover $20-billion worth of bad paper it bought.
Now Wall Streeters are lining up for more than a billion dollars in fees for "managing" the bailout. Yes, some of the very outfits that caused this mess plan to cash in on the cleanup!
So far the tab is well over $2,333 for every man, woman, and child in our land.
In the next Lowdown, we'll unravel this along with other Greatest Hits of the Bush Empire.