Wednesday, June 11, 2008

THE REAL POLITIK ISSUE: VOLUME 13, ISSUE 26
I DRINK YOUR MILKSHAKE
I drink it up!
by Malik Isasis






I’m just a filmmaker, with harsh opinions. I’m no sage. I’m no economist, however, I am commonsensical, and eight months ago on November 26, 2007, I said this: OPEC and the multinational oil companies that extract their oil has the world in a head lock as the price for a barrel of oil reaches a $100 a barrel. If some of the OPEC members have their way and switch to the euro from the dollar as a reserve currency, we could expect the price of oil to reach $200 dollars a barrel due to the precipitous fall of the dollar.

Since Bush took office in 2001, the dollar has lost approximately 50% of its value against currencies like the euro and the sterling. Now, it should be clear that since oil is traded in dollars, and the dollar has lost half its value against the more vibrant euro, OPEC would inflate the price, to make sure it made a profit.

The United States is about $7 trillion dollars in debt. Increasingly, needy U.S. interests are getting shortchanged because President Bush and Congress are spending all our tax revenues and are borrowing about $400 billion a year to make ends meet. According to the New York Times, China holds approximately $1.2 trillion dollars of the debt. On top of all of this debt, Bush and the congress are spending $9 billion dollars a month on the Iraq and Afghanistan occupations—which isn’t calculated as part of the debt.

“Yo, China. Can a brotha get a dollar?”
What the Fuck? Bush borrows $400 billion a year?

Barbarians at the Gate

Republicans blocked a windfall tax bill on the largest oil companies proposed by the Democrats.

Republican critics said higher taxes on oil companies would increase — not lower — gasoline prices and reduce the incentive for domestic oil exploration and production.

You hear that Working Class Voter ®? In order to save you money on gas, Republicans want to shit on the environment by drilling more, giving the oil conglomerates more tax breaks, and more billions ($17 billion to be exact) while completely ignoring that it’s Bush’s economic policy that has ruined the value of the dollar—man these rat bastard Republicans are scum. They fart in a crowd and whistle as if they had nothing to do with it.

The Republican Junta is following Bush right off the cliff of uber patriotism that is psychotic, shortsighted and hate filled. Republicans' ideology of entitlement has driven the United States’ reputation, and treasury into a ditch. The Republicans in the Congress has filibustered, blocked and outright obstructed most of the Democratic Party’s progressive legislation such as minimum wage increase, pulling out of the bloody occupation, and now the windfall tax on oil companies.

This flawed hierarchical-approach of the Republican Party can allow such cognitive dissonance and for the politicians and their supporters to maintain a narrow ideology—Party, before the needs of the country.

And the Democratic Party sits idly by like a battered spouse watching the children get abused and then turning a blind eye. I don't know which is worse, the Republicans who shit on you, or the Democrats who pretend to be doing something about it, but only if the Republicans agree to it first.

So, I predict this: gas will reach $6 dollars a gallon by the end of the summer because the dollar will continue to lose its value. Another $18 billion dollars would have been spent by the end of the summer on the two occupations. If Bush and his neocons have their way, maybe we'll be bombing more Muslims in Iran and be in another conflict. China will still hold nearly $2 billion dollars of our debt. The United States will continue to print money, causing an inflation...

Although the Democrats are in power in the Congress, and the Republicans are at their weakest, they still continue to drink the Democrats' milk shake, I mean drink it up.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home