Tuesday, March 15, 2011

Nation’s Outrage Explodes as the Secondary Effects of the Financial Meltdown Hit a Stressed Middle Class

The turmoil and suffering due to the recession still has a long way to run. We are just reaching the states revenue shortfalls. There are still those millions of bad mortgages that are cleverly hidden in the bank books. Many states have decided that the trouble will be placed on teachers, other public workers and unions. It is ridiculous to assign the burden of the state’s shortfalls to an already stressed middle class while those who caused the problem remain untouched. There is not even a veneer of justice in this approach.


Pass a law which places all of the financial burden on the middle class workers, allows state assets to be sold without competition, cancel essentially all collective bargaining rights for teachers or other state workers , and finally add a number of additional insults to the people who do the states work - and you have Wisconsin. You also have one heck of a state protest which has exploded into a nationwide movement. You can be brought up-to-date on the 4 week struggle here.

The Wisconsin protests that initially shocked so many because of their size were driven by the lack of justice and the obvious attempt at union busting. The newly elected Wisconsin senate and governor were blatant in their disrespect to those whom they were supposed to manage through a difficult year. It was insulting to watch the attempts of the new Wisconsin government to place the burdens for revenue shortfall to the teachers, firemen, and police, and other government workers rather than on the poorly managed national financial institutions where it belongs.

The protests continue to grow. A recent protest on  March 12 in Madison was estimated by the police at 85,00o to 100,000. This is more that the largest Tea Party event.

There is a call for a new party that would correct the current situation. Robert Reich would call it the “Peoples Party”. Another solution that has been brought up has the shortfalls being mitigated by fines on those institutions responsible for the meltdown. Michael Moore calls for stricter measures in that many of those who caused the recession are thieves and should be arrested.

Although so far the protests have been very peaceful, you can sense that the patience is getting thin. Recalls are being prepared for many of the state senators who voted for the bill. As a constantly lied to class there is no confidence in a federal government that cannot pass a basic budget and is living off a two week fiscal extension. The middle class needs to see proof that the cozy government /special interests relationships at both the state and federal level will be either radically changed or replaced by just and honest organizations.

Let’s hope that this assurance will be forthcoming and/or everything is settled at the ballot box in 2012.

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