Monday, November 16, 2009

This economic breakdown is a result of greed and deregulation of the banking and insurance industry.

"... You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, I will rout you out."
-President Andrew Jackson, upon evicting a delegation of international bankers from the Oval Office


It is about the children. Watching a CNN news report about the financial downturn in Nevada and the amount of homeless families was disturbing. An unemployed mother of six struggles to feed and keep a roof over the heads of her children. It is a tragedy that is magnified across the country. While bankers and health insurance executives are getting bloated salaries and millions of dollars in bonuses millions of children across the country are going to school hungry while their parents struggle to find work. There is definitely something wrong with this picture. It is disgusting that these people, executives, can exploit the system for millions of dollars while children don't have breakfast.
This economic breakdown is a result of greed and deregulation of the banking and insurance industry. The health insurance industry exploits the sick while lobbyists pay off members of congress to protect their interest at the expense of the consumer who face escalating premiums. The banks have exploited the consumer through mortgages that they knew going in that millions of people couldn't handle. To say that the consumer took advantage of the banks is asinine. The banks have an army of lawyers and legal language that even many lawyers don't understand. They knew what they were doing; exploiting the naive and sometimes careless borrowers.
While Republican Conservatives fight with the Democrats and assign blame children suffer and struggle everyday. No child should go to sleep hungry or not have a warm coat in winter. Parents are struggling across America and their children suffer in the land of plenty while greed and ruthlessness rules the banks and the insurance industry and the children of the poor continue to suffer in an economic downturn not of their own making.


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