Wealthy Recession


One of the most interesting things about American culture is the fear that the poor is out to bring us down. Welfare, entitlements, etc. We’re paying for their lifestyle and that’s destroying our country, apparently.

Here’s the thing though, they’re not quite the pariah that some people make them out to be.

Maybe instead we should be focusing on the people who have more control over our economy and access to jobs. No, not the government. I mean the corporate overlords.

We tend to concentrate on social welfare when times are bad. If I have to work for peanuts, I don’t see why they shouldn’t have to work too. They should know how to find a job.

When times are good though, we don’t care

I’m not worried about the welfare queens and the free loaders. I’m more worried about the Enrons, Worldcoms, Bear Stearns and AIGs out there. Welfare “reform” to me, is just a distraction from the true troublemakers in a fragile economy.

Corporate America and small business owners blame the impoverished for their own ills. I fail to see how that’s even possible. Welfare is only a tenth of U.S. budget. (I wonder though, how much in government contracts go to private industry. I’m betting it’s more than what we spend on food stamps.)

The poor is not our problem.

The rich and their exploitation of resources wreak more havoc on the economy and the working class than a mooch ever will. They point to the welfare babies (and now health care)as their excuse for fighting higher taxes.

Essentially, what they’re doing is attempting to dodge their responsibility as Americans, which is to contribute their fair share to the government of this country. Whatever the opinion of government people have, the bottom line is it needs revenue to operate. If you disagree with how it functions, change it. Vote.

What we can’t vote on is how business does business.

One thing we and the government could do is set aside the issue of welfare and start looking at giving corporate regulations more teeth. It wasn’t the borrowers that led to the housing crisis and the subsequent financial quagmire. It was the lenders.

It was the bankers who wanted to make money off the mortgage-backed securities who bankrupted the economy. When they were given bail out money, what did they do? They used it as golden parachutes rather than helping customers with homes underwater.

My feeling on the poor is this: I would rather have a system that is abused by leeches than to have no system at all. I don’t mind paying my taxes even when I know there are people using food stamps and driving Cadillacs.

What I can’t stand is when the rich drive around in Bentleys bought with blood money and profits made through layoffs.

I have no problem with business, I have to say. America is a capitalist system and I support that. Businesses should be allowed to seek profit for their services
and goods. They are the employers and clearly our system works both for them and employees.

But it isn’t the welfare nation that put us in a recession. It isn’t their decisions that sour the economy. They don’t control the purse strings.

Who does though?


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