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    Middle Class Too Big to Fail


    Monday, July 26, 2010
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    I commend President Obama, Senator Barbara Boxer, Congressmembers Nancy Pelosi and Lois Capps for supporting the extension of unemployment benefits to the unemployed millions. I believe in spending that is for the overall good of our country as opposed to spending for a few people at the top. Not too many congressional members fought against spending billions to bailout corporations and their CEOs.

    All American workers pay unemployment benefits. This is my money also and this is exactly the type of thing I want my money to be spent on. When did compassionate become a negative characteristic? Why kick people when they are down? Why is the percentage of taxes I pay larger than the percentage many wealthy people and corporations pay? Should I subsidize the rich and corporations? I would rather my taxes be spent for the unemployed and the uninsured than for tax cuts for the wealthy and corporate bailouts. A great deal of the unemployment we see today is because of the financial meltdown we still haven’t recovered from, which I feel was due largely to corporate greed. I think that some of the biggest welfare recipients are the corporations who received billions of dollars (some of which were my dollars). As many are beginning to say, the middle-class is too big to fail, not corporations.—Sonya Baker, S.B.

    Comments

    Independent Discussion Guidelines

    @Sonya

    Generally, I agree with your viewpoint. However, I think that the interest of the unemployed would be better served, if the government worked on returning jobs to the U.S., instead of allowing corporations to "off-shore" so many functions. Then, people would rejoin the workforce, and not require continued unemployment payments.

    equus_posteriori (anonymous profile)
    July 29, 2010 at 11:38 a.m. (Suggest removal)

    When did compassion mean hooking my generation with your debt? You plan on helping me pay it off? If my generation can still afford to write history books, we will look back with shame that our parents and grandparents sold us into economic slavery, thanks to your unwillingness to act responsibly.

    Thanks a bunch.

    californiumblog (anonymous profile)
    July 30, 2010 at 10:01 p.m. (Suggest removal)

    I agree. I'm 100% against TARP. Goldman Sachs and the other Wall Street banks are guilty of fraud (uncollateralized "collateralized debt obligations" anybody? there were trillions worth of fraud that collapsed the system and we were FORCED to bail them out, yet none of them went to jail). By the way, the government was the accomplice to the crime, I can elaborate if anyone wants to know details about the ineffective CFTC.

    SIXTEEN MILLION PEOPLE LOST THEIR JOBS AS A RESULT OF THE SUBPRIME COLLAPSE AND NOT ONE BANKER IS IN JAIL.

    I am a member of Gen Y. I am a republican. I am gainfully employed. And i KNOW that the economy is horrible, through my work.

    It's not even compassionism. The people who lost their jobs as a result of the greatest financial scandal in the history of the world are owed that money. So are the people who lost their homes due to unnatural/artificial volatility.

    Take TARP back first, then we will deal with the VICTIMS of the subprime collapse.

    carmen (anonymous profile)
    July 31, 2010 at 6:08 p.m. (Suggest removal)

    instead of blaming the victims, why not make the US a tax haven on condition that people put their money into investments into US companies, pre and post IPO?

    What is Bernanke and Congress doing to give INTERNATIONAL investors incentives to invest in US companies? NADA. they've been screwing around and protecting criminals at our expense.

    Cutting unemployment is not going to bring the jobs back. People, politics is not your god. Stop bleating and gloating on somebody else's hardships. You're condoning crimes when you do so.

    carmen (anonymous profile)
    July 31, 2010 at 6:11 p.m. (Suggest removal)

    I agree with Sonya, and I won't use the "however." In my opinion, because I am at the bottom of the heap, I look up through all the crap people use against one another, such as righteous indignation to seperate us from one another. We all got here the same way, we all struggle the same way, we all buy the same food at the stores, we all need basic living conditions. We all are Americans. No matter what, that is it. We need to help one another in our capacity to do so, and stop dividing ourselves. A nation divided is lost. The Federal government made two laws giving large corp. the power to outsource. FTAA, and NAFTA. Look them up. This is where our jobs went. Blame Clinton and Bush, not me.

    svenskasandy (anonymous profile)
    August 3, 2010 at 10:13 a.m. (Suggest removal)

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