2008-12-05 / Letters

The Great Bush World Depression Missing Words

Dear Editor,

Thank you for publishing my letter in the October 3 edition of The Wave on The Great Bush World Depression and on the Bush/Obama theft of a new, unprecedented $700 billion from the pockets of all non-rich Americans for transference to mega-gamblers who lost.

A typographic error dropped 11 words from the middle of one key sentence, clouding understandability for Wave readers. Here is that complete sentence: "the Glass-Steagall Act, crafted in 1933 while FDR kept all the banks closed until the New Deal's FDIC could insure the personal deposits of every American, specifically kept the banks and the insurance companies out of Wall Street, so that the next time a right winged Republican domination of America, 1921- 1933, gave us a 1929-type crash and a 1930's-type depression we would not have the savings and insurance policies of widows and orphans go down together with the capitalist equity markets."

Rahm Emanuel, Barack Obama's designated Chief of Staff, worked closely with Bill Clinton, Slick Willy, the right winged 42nd President fraudulently masquerading as a Democrat. Emanual's claim to fame was his 1993 successful engineering of the passage of anti-worker NAFTA by his pushing of approximately 1/3 of Democrats in the Democratically controlled Congress into the YES column to join near-unanimous YES Republicans preparatory to Clinton's signing of the evil act. Emanuel's job now and in coming months will be to pressure large numbers of Congressional Democrats to abandon the silly notion of demanding meaningful protection for non-billionaires during monopoly-capitalist America's protracted pain-inflicted economic convulsions.

Obama is not taking orders from Clinton: rather, Obama has persuaded the same forces for whom Clinton whored that he, Obama, can deliver more.

The high capitalist pigs are feasting, stuffing their faces; but not for long.


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