Monday, October 20, 2008

The human cost of economic meltdown

Most of us would welcome Paulson, Bernanke and CO. throwing themselves from buildings. Unlike most of their precursors during the Great Depression, however, the bankers and other capitalists who helped cause the current economic meltdown seem to be floating pretty with the help of golden parachutes. On the other hand, the brunt of the violence caused by this crisis is faced by the millions of Americans suffering eviction, job loss, continued unemployment and bankruptcy. As a recent article from TomDispatch shows, Addie Polk is not the only one driven to the most desperate of actions. Suicides and violent confrontations with the police are taking place across the country and receiving no coverage from the media. This article gives a sobering view of the inhumanity of the crisis never mentioned by Obama, McCain and the rest who support bail outs to Wall Street and nothing for the rest of us.