BANKS, GREECE AND OBAMA: THREE THINGS SCREWING YOU

I swear Obama sometimes acts like he doesn't want to be President anymore. I understand taking your orders from the corporations, but do not piss on my face and tell me it's raining. The banks got a sweetheart deal that gets them off the hook for actual crimes in the mortgage industry and in return get a swift thump in the wrist and a stern "BAD BANK!" from the President. Really? You do know that people lost everything due to criminal intent right? Apparently not, as you tried to sell us a fake bill of good and pass it off as antiques. I expect this from the GOP but this is a new low.

In return for a measly 25 billion dollars in hush money to be divided class action lawsuit style, where most of the money seems to disappear into some black hole of bureaucracy, homeowners get a measly two thousand dollar check and the possibility of refinancing. Over ninety percent of those screwed by unscrupulous banks get nothing. That is not justice. That is thievery. And then to have the gaul to tell me what a great deal it is and how proud he is of what he accomplished. Screwing old ladies out of their retirement funds is nothing to be proud of and Obama stood there glowing with pride. Disgusting.

How much more of this nonsense do we have to take before someone out there gets it? This deal is going to have unforeseen consequences. One is that home foreclosures, stymied by court actions, are now free and clear to clear the backlog out and trust me, they will. This will drive prices further down as a glut of homes are about to enter the market. For anyone looking to buy, you could get a steal, literally, in one of these houses. I've seen foreclosed homes in my area for as little as $50,000 and I live in a nice neighborhood. Houses may soon go for half of that.

The people who lost that home however are going to get nothing. Yet the Tea Party still crows about the free market. The free market cost you your house moron. Without regulations, it's a free for all. And we're shut outside the gates watching the orgy continue unabated.

Meanwhile Greece looks ready to implode as the government gave the EU their best effort who sneezed at it, wiped their ass and handed it back with a snotty "not good enough" reaction. Greek Prime Minister Lucas Papademos told his fragile coalition government on Friday to accept a harsh international bailout deal or condemn the nation to catastrophe.

"We cannot allow Greece to go bankrupt," he told a cabinet meeting. "Our priority is to do whatever it takes to approve the new economic program and proceed with the new loan agreement."

Let that sink in for a minute. The PM is saying he will bankrupt the country to avoid being bankrupt. In what world is that going to make sense? The cuts they are attempting guarantees a Depression throughout the country and we know this because it's exactly how every past Depression started. Without a strong middle class you have nothing. And we seem to think that everyone in Greece was rich and lazy, sucking off the government teat. The reality is that only a small portion of the public had access to good jobs and pensions and such. It's like thinking that everyone in this country gets perks like Congress. And we all know that isn't true.

Street protests erupted again today, albeit smaller than the ones last year. But what the EU wants dooms Greece. And if they don't do it, they get no bail out and poof Greece goes bankrupt. Either way, the country is screwed. Just like us.