Friday, October 28, 2011

At the expense of duped suckers.

It worked in Iceland. And it can work in America and Italy and all over the world. Iceland refused to bail out the banks when they made foolish investments. Iceland allowed banks to go bust. And instead used what would have been bail out money for a better purpose: Helping ordinary people. Yes, the poor. The middle class. Expanding the social safety net. Iceland refused to allow ordinary people to bail out the bankers. Bravo, for Iceland. As a result, Iceland's unemployment rate is low. And ordinary people are being helped through tough times. By increased spending for social services. Just the opposite of what's being done in the USA and Europe. Where the rich get richer and the poor get poorer. I've left the USA for Sardinia. Because I like living in Sardinia. More than I like living in America. If I ever become disenchanted with Sardinia, maybe I'll give Iceland a try. Icelanders speak English, too. Yes, I'm an American. By birth. But America isn't necessarily the best place to live. Especially for the poor and middle class. America is being designed more and more for the filthy rich. For millionaires and billionaires. For rich bankers. Bankers know that when they get into financial trouble, they'll get subsidized by the government. At the expense of the duped suckers of the world. The poor and the middle class. ---Jim Broede

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