comments_image -

Don't Bail Out Wall Street, Bail Out the Middle Class

Forget Wall Street: what we need is massive debt relief for individual households.
September 20, 2008  |  
 
Advertisement
 

As the financial meltdown continues apace, one thing we're bound to be seeing a lot of are articles like this one, inviting readers to join the pity party for the real victims -- all those former Master-of-the-Universe investment bankers whose investment portfolios have taken such a rude hit of late, and who are now forced to make such heartrending decisions as the following:

Who can they let go from the staff? Most would rather do without the nanny than without the cleaner. With any luck the cleaner likes children anyway and will help out in a pinch. If there is a cook, she goes before the nanny. The cleaner also knows how to roast a chicken and wash up. Forget the garden altogether - expect to see a lot of weeds as the crisis worsens - although the unemployed may take some comfort in doing the gardening themselves. 

Oh noes!

Even more tragic are the breathless reports informing readers that "one tumbling titan after another" is being forced to give up his high-end mistress. "I can't afford her anymore!" they plaintively wail.

Kathy G Runs The G-Spot blog.

submit to reddit

-
Email
Print
Share
LIKED THIS ARTICLE? JOIN OUR EMAIL LIST
Stay up to date with the latest AlterNet headlines via email
See more stories tagged with: economy, middle class, wall street, depression, economic recession
Advertisement
Most Read
Most Emailed
Most Discussed
On REDDIT
On DIGG
 
loading most read content ..
Advertisement
Pro-Coal Group Pays People to Wear Its Shirts at EPA Hearing

By Heather Moyer | Sierra Club

 
 
Kids Inundate NY Governor With Concerns About Fracking

By Seth Gladstone | Food and Water Watch

 
 
Shareholders, Top Doctors Demand McDonald's Assess its Health Impacts

By Sara Deon | Civil Eats

 
 
Republicans Block NY Minimum Wage Increase That Would Give 880,000 Workers a Raise

By Laura Clawson | Daily Kos

 
 
Why Don't TV Meteorologists Believe in Climate Change?

By Katherine Bagley, | Inside Climate News

 
 
New Book Says Teenage Obama Was a Huge Pot Head -- So Why Won't He Legalize It for the Rest of Us?!

By Kristen Gwynne | AlterNet

 
 
Pew Poll Finds Clean Energy Is A Political Wedge Issue for Republicans

By Stephen Lacey | Climate Progress

 
 
Mitt 'Not Concerned with the Very Poor' Romney Visits West Philly, Gets Lesson in Keeping it Real

By Kristen Gwynne | AlterNet

 
 
Corporate Media Stokes Racial Angst in Election Coverage

By Adele M. Stan | AlterNet

 
 
5 Things to Know About the Paycheck Fairness Act (The Next Big Legislative Battle for Women)

By Annie-Rose Strasser | Think Progress

 
 
 
 
 
loading ...
POWERED BY DIGG'S USERS
 
[ page served from web 1 ]