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March 15, 2009
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Bernard L. Madoff entered a federal courtroom in Manhattan on Thursday to admit that he had run a vast Ponzi scheme that robbed thousands of investors of their life savings. He admitted his guilt for the first time in public, and apologized to his victims, dozens of whom were squeezed into the courtroom benches behind him, before being handcuffed and led away to jail to await sentencing.
But under capitalism, selfishness and greed of the rich is given a license and they run the government, which was heightened by George W. Bush's example. This bailout is really not a bailout at all; it's a parting gift to the people that Bush once referred to jokingly as "my base." It's what European colonial rulers used to do when they finally realized they had to hand over power; they would loot the Treasury on the way out the door.
They make the laws, what chance do the poor have? They supposedly vote, so what? They vote for one greedy capitalist or another. Every one of the men running for office are rich men, what are they going to do for the poor? Throw'm out a few crumbs? A few bones to pacify the dogs?
Ted Rudow III,MA