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Only Oversight of Oversight Will Keep Profiteers From Siphoning Stimulus Money Into Their Own Wallets

Originally published at http://www.commondreams.org/views/2020/04/12/only-oversight-oversight-will-keep-profiteers-siphoning-stimulus-money-their-own

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" All along the watchtower Princes kept the view "
Who among us can trust that some one will protect our view? When the wildcats begin to howl, as in,… right about now!
" Business men, they drink my wine
Plowman dig my earth (and rob us of its worth)
None were level on the mind
Nobody up at his word…" (certainly not all the king’s men)

Happy Easter CDers–The Dude will not only abide, he survives, but will he thrive?
" The lambs may lie down with the lions, but the lambs won’t get much sleep ". No kidding!

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Back at ya sister/brother!

“Rse and rise again until lambs become lions”

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Ever since Congress put US taxpayers on the hook for more than $20 trillion in schemes to bail out the half dozen too-big-to-fail banks (that caused the 2008 crash) create lucrative new profit centers, other corporations have been drooling for a ride on the gubmit bailout gravy train. They will now make hay while the bailout sun is shining.

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To paraphrase an old rock-ribbed Republican, " a billion here, a billion there. Pretty soon you’re talking about real money ". Sen. Everett Dirksen.
Remember the good old days when white male Conservatives were just tight wads, skinflints and bigots. Nowadays, they think they got Jesus on their side, too.
All aboard? My aching arse.

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Although those white as smart boy (or is it smart ass white boy?) “Rockefeller Republicans” were mostly fiscally “conservative”, that all ended when Saint Ronny ascended the throne in 1981 and ran up more gubmit deficit and debt during his 8 year stint than all of his 38 predecessors combined ran up during the previous two centuries.

Reagan, with the full support of the GOP put the US on its drunken sailor spending spree, while marketing Reagan as a master of “small gubmit”, a myth that persists today despite the GOP serially outspending Democrats, much of the money landing with the military industrial media infotainment complex (MIMIC).

Can you say KLEPTOCRACY ?

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Can you say Medical Industrial Complex ?
" Just because you’re paranoid doesn’t mean your wrong ". Willie Nelson
M4A in 2020! Anything else is buying a pig in a poke. And, that’s just not my bag.

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Congress must let those corporations drowning in debt because of their own poor business practices, to die.

Taxpayer money mustn’t be used to reward greed.

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If anything, the one percent welcomes the pandemic. Sure their portfolios dropped in value with the stock market crash but that was an inflated value that was going to correct itself on its own. What they used those Corporations for was to run them into debt so as to use that debt to force mergers or stock buy back schemes. This could only work for so long and that Corporate debt would be something they would have to deal with in the future. So what happens? The pandemic comes along and the US Government claims it needs to keep the economy strong by bailing out these same firms. Money will be handed out like candy to these firms. They can use that Government money to pay down that debt so as to work towards cleaner balance sheets. When things start to roar again they will run up Corporate debt once more on buy back stock or initiate mergers.

So in short. Run up debt in the Corporations to pump stocks. Use this crisis to get the Government and taxpayer to pay off that debt. Repeat.

Forget oversight. That there little to none and that the Democrats and Republicans signed this thing knowing there little to no oversight means they never intended for there to be oversight. All of these articles mean nothing to them. The horse is already out of the barn.

Meanwhile the working class is driven to destitution with a one time payment of 1200 bucks THAT having more oversight then the trillions handed to the 1 percent. The working class will run up debt through this layoff or drain their savings. When firms start hiring again they can hire people back at a lower wage relying on how desperate the worker is while claiming the pandemic so affected their bottom line they need to lower wages.

This has all happened before. See 2008.

CAPITALism!

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While the Corporations have the Government on their side bailing them out due to all the debt those Corporations have run up we have this.

~http://www.stationgossip.com/2020/04/wisconsin-hospitals-suing-patients-over.html

The working class are being SUED by Corporations for unpaid medical bills.

The contrast and inequity could not be more stark.

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Memo: Must join The Club for Growing Cynicism. Must do it before the rolls are full. " No matter how cynical I get I just can’t keep up ".
Great comments, btw.

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So buy stocks