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Showing posts with the label American Dream

Stop the bail-out - Let them wake up!

Magsaysay award winner P Sainath writes that "The New York Times notes ruefully in a lead editorial: “Just weeks after the Treasury Department gave nine of the nation’s top banks $125 billion in taxpayer dollars to save them from unprecedented calamity, bank executives are salting money away in billionaire bonus pools to reward themselves for their performance.” Other bailout bandits have held meetings at resorts costing hundreds of thousands of dollars." Read The Jurassic Auto and Idea Park Auto giants, related sectors, and other oversized Inc. have, over decades, "destroyed both existing and potential public transport. The ‘American Dream’ so far as the automobile went was an imposed nightmare. In Detroit itself, you can see the skeletons of a once alive transport system. All across the country, for decades from the 1920s, they bought up public transport systems and shut them down. Trains were shifted from electric to diesel engines. Sometimes, they were simply done a...