Thursday, November 01, 2007

Wheeee ! The People, Going Broke ?

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In some respects, not buying anybody a Christmas present, except those created from materials already on hand, might be the most effective political protest in terms of getting Bush and the rest, including the Dems, to do what the people asked for back in November, 2006.

This, in conjunction with the mortgage crisis, just might get the politicians to pay attention and reconsider their actions, or lack thereof. The Dow just slipped 200 points in the last hour.

On the other hand, running the whole country into a depression would not be cool. We'd like to refi again, and see if we can get even lower, but refi's don't happen during depressions. As long as the ruling class stays too greedy, and the middle and lower classes stay too ignorant, this country is in deep trouble. Anyone can be rich in America, Yes, But.......The System is set up so that not everyone can be rich, all at the same time. This is the dirty little secret that is never taught in school or talked about in polite company. No relevant truths in this country about the poor are readily available to those on the bottom. Knowledge of reality might lead to revolt.

Curiously enough, the rich and poor don't trade places often. 1/3 rd of the Forbes 400 start with inherited money. Donald Trump is a fine example, and Bush is a several generations' example. At the other end of the spectrum, the numbers of one racial group in jail, through generations, seems to be an indicator of a semi-permanent tenancy, a cycle which should be broken, the sooner the better.

Someday I will sketch out my ideal school for the inner city. It would not be cheap, bt it's cheaper than 3 million Americans in jail, that's one in 100, that the rest of us have to pay for, and from whom we derive few or no benefits.

Oh the poor oil companies ! Shares down. Could it be that they build no new refineries because they already know that there will have to be a major shift away from oil? BP is one of the biggest producers of solar panels. I think that the corporate Megacorps know darn well, and have known for years, that fossil fuels have got to go. They're just trying to squeeze out as much as they can from their existing plants, with as little new investment as possible, so that they'll be in a position to control alternative energy sources too. Citibank can't find any more suckers either...

PGandE charges home users more money for using more electricity to encourage home owners to conserve. Less stress on the existing generation plants. Business owners pay a flat rate, regardless of what they use, according to Dr. Bill Wattenberg on KGO talk show.

Closing Bell is now at -367 at 13,562, BOOOIIINNNGGG

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