Reich Has It Right

In his article at the Huffington Post, Robert Reich takes on the AIG apologists and gives valid reason for what many are calling the “nationalization” of failing banks. In his closing paragraph, Reich states:

“Apart from AIG's sophistry is a much larger point. This sordid story of government helplessness in the face of massive taxpayer commitments illustrates better than anything to date why the government should take over any institution that's "too big to fail" and which has cost taxpayers dearly. Such institutions are no longer within the capitalist system because they are no longer accountable to the market. So to whom should they be accountable? When taxpayers have put up, and essentially own, a large portion of their assets, AIG and other behemoths should be accountable to taxpayers. When our very own Secretary of the Treasury cannot make stick his decision that AIG's bonuses should not be paid, only one conclusion can be drawn: AIG is accountable to no one. Our democracy is seriously broken.”

Hagan Smith - NVCCA Grand Opening

Although this video is focused on the drivers license, it goes into some depth concerning the Constitution of the United States of America. It may be a difficult video for some of you to watch because of your experiences growing up in the United States thinking that we have the type of country that the founders intended. We do not. It is not even close. In fact, I agree with the what Mr. Smith in the video states - that if the founders of this nation were alive today, they would once again take up arms against the leaders of this government. He also believes, as do I, that our current government is even more tyrannical than the one from which the founders first claimed independence. Yes, the totalitarian monarchy of King George III of England was not as tyrannical as our current day democracy. You can view the video by clicking here.