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Thursday, September 01, 2011

Pelosi NAILS the Class War: Low wages are designed to keep you in debt to the banksters

By  MinistryOfTruth   Tue Aug 30, 2011  

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I apologize for using a video from Glenn Beck's website "The Blaze", but this short video featuring Nancy Pelosi is packed with so much truth that its' no wonder Beck and his army of flying monkeys took offense to it.

Transcript:

Pelosi:    "Imagine. Imagine that they are protecting tax cuts for the top 2%, but it's really more, higher than that, lower than that, I mean, a higher percentage of people excluded from who they are looking out for, and it's a stunning thing, because it's a few people amassing money that doesn't really make a difference in their quality of life. I decided what it was about them is this, this is my theory, what more do they want? They have a number of homes, the bigger the yacht, da da da da da, the taller the mast, the whole thing, they have museum quality art, and I decided, if in fact they are advocating for this, which I'm not sure they are, I think Republicans just like to have that position. They want immortality. They want so much money that their names are all, for prestige they could never get any other way, they could buy with endless money. Because what else could you possibly want? That you would say 'I want this at the expense of the middle class, of our democracy, of fairness, of clean air, clean water, food safety, public education and the rest of it, clean air, clean water, food safety, reform on Wall Street, protection for citizens, you name it, forget about it. They are de-funding every initiative in that regard, you wonder, do their children breathe air, do they drink water, why do they not care? But they don't. But they don't.

~snip~

     When we won the election in 06', and we came in, the first day, in the first 100 hours we raised the minimum wage. It was the first time the minimum wage was raised in eleven years. I bring that up for this reason, it wasn't kept down because people just, you know, small businesses said 'I can't afford", it was kept down for a purpose, it was kept down for the purpose that people would not be able to live on that, they'd have to borrow, against home equity loans, against their mortgages, there this and that, they'd have to live on credit cards, and what are they doing when they do that, their paying fees to the banks, their paying fees to them, so it's a contrived dependence on private credit for millions, tens of millions of working people in our country, and who they are is who they bring to that table, protect the tax breaks for the wealthiest people in our country, do not allow wages to rise with productivity, keep people dependent on paying fees to banks for the use of their own money, for the use of their own money. So this is as progressive a fight as we have ever been in."

    Corporate profits are at record highs, and so is poverty. There is a reason for that. Your poverty is their profit. Keeping you poor means keeping you dependent on the loan sharks on Wall Street. As you get poorer, they get richer. It isn't a coincidence. It is on purpose.

    Republicans like to cry that the government is enslaving us, but the reality is that Wall Street is enslaving us, the rich are enslaving us and starving us so they can charge us a fee to lend us money so that we may have our daily bread, which will keep you mired in near poverty since you will never be able to pay that debt back, just ask anybody with a student loan who can't find a job in this shit plutonomy. Ask anyone who went bankrupt paying their medical bills in this crooked for profit health care rationing private death panel system. Ask anyone who doesn't earn enough to keep up with all these bills at once and has to max out their credit card each month to survive.

   Of course, merely mentioning that the rich are starving us and using our starvation as a shock doctrine means to exploit working class people is enough to send right wing propagandists and their foolish followers a sad, and, by judging from the comments posted to Beck's "The Blaze" video, we can all see just why Republicans hate Nancy Pelosi.

This bitch needs to be run out of office. What a left wing/socialist/Communist rat bastard.

Where does she get off with this shit? What kind of foul, immoral, brain dead left wing twits would ever vote for such a foul, repugnant, abhorant piece of shit.

To hell with her.
GutpileCharlie 1 hour ago

Foul c---, SHE represents the rich how much does SHE give? Did she pay her taxes or like Tom Daschle, Charles Rangel, Timothy F. Geithner and Obama’s handler General Electric FAILED TO PAY ANY TAXES! Screw these fraudulent collectivist elite. Throw them all out!
espada9 1 hour ago
Off with her bat-shit-crazy head !!!
dweber66 3 hours ago
Skeletor's mother right here. Kill her.
tangledweb79 3 hours ago

    Way to keep it classy, teabagging Republicans. When someone warns you the GOP is keeping you poor so they can make themselves rich and let the banksters push you into poverty so they can exploit you, calling that person a "b----", a "c---", and threatening to cut her head off and kill her sure makes you look like you have a sane and rational point of view.

   A few months ago I read an article by Matt Stoller titled "A debtcropper society". In that article, Stoller states . . .

Today, we are in the midst of creating a second sharecropper society. I first heard the term “slaves to the bank” from a constituent fighting a fraudulent foreclosure. The details aren’t so important — this couple had been illegally placed in a predatory loan — but at one point, the wife explained that she and her husband were so scared they would have “given their first born to the bank to keep their home”. That was fear speaking, total unadulterated panic. And as we watch debt-holders use the ornaments of fear, such a loan sharking company that set up fake courts to convince debtors they were losing cases, we should recognize that what the creditor class wants is what they’ve always wanted: total dominance of our culture.

Today, the debts do not involve liens against crops. People in modern America carry student loans, credit card debt, and mortgages. All of these are hard to pay back, often bringing with them impenetrable contracts and illegal fees. Credit card debt is difficult to discharge in bankruptcy and a default on a home loan can leave you homeless. A student loan debt is literally a claim against a life — you cannot discharge it in bankruptcy, and if you die, your parents are obligated to pay it. If the banks have their way, mortgages and deficiency judgments will follow you around forever, as they do in Spain.

Young people and what only cynics might call ‘homeowners’ have no choice but to jump on the treadmill of debt, as debtcroppers. The goal is not to have them pay off their debts, but to owe forever. Whatever a debtcropper owes, a wealthy creditor owns. And as a bonus, the heavier the debt burden of American citizenry, the less able we are able to organize and claim our democratic rights as citizens.

Debtcroppers don’t start companies and innovate, they don’t take chances, and they don’t claim their political rights.
Think about this when you hear the calls from ex-Morgan Stanley banker and current World Bank President Robert Zoellick and his nebulous mutterings pining for the gold standard. Or when you hear Warren Buffett partner Charlie Munger talk about how the bailouts of the wealthy were patriotic, but we mustn’t bail out homeowners for fear of ‘moral hazard’. Or when you hear Pete Peterson Foundation President and former Comptroller General David Walker yearn nostalgically for debtor’s prisons.

   This point resonates with Nancy's words above.

"The goal is not to have them pay off their debts, but to owe forever. Whatever a debtcropper owes, a wealthy creditor owns. And as a bonus, the heavier the debt burden of American citizenry, the less able we are able to organize and claim our democratic rights as citizens."

   And this is why these wingnuts hate Pelosi so much. Because she speaks the truth, and they can't handle the truth.

   As the GOP sells us further into corporate serfdom the people who are the most blind to it because they blame "Socialism" and "The Government" for all their problems do not understand that things are getting worse because of unfettered lawless capitalism. Giving them facts that prove that they are wrong just makes them madder, it just makes them hate you more.

   But calling Pelosi a b** doesn't make her wrong. The banks are ROBBING YOU, and voting Republican is like leaving cookies and milk out for the guy who is going to rob your house while you are away from home.

   The reality is that our economy is a rigged game where you can't win unless you are in on the crime. When Republicans cry "It's class warfare" my answer is "you are damn right, and you are rooting for the bad guys"

   The banksters and the super rich are laying siege on the working class. They are trying to starve us out so that they can push us deeper into poverty and deeper in debt to them, and anyone who tells the truth about that is a "Socialist." Well, then fuck it, I guess I am a socialist. I'd rather fight for the working class then lick the fingers of the rich.

 

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Originally posted to MinistryOfTruth on Tue Aug 30, 2011
Also republished by Income Inequality Kos and Class Warfare Newsletter: The Plutocracy VS the Working Class.

 

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