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precarious since 1997 | by maryann johanson

watch it: the 1/16/10 weekly address from President Barack Obama

Obama’s finally showing some balls, finally sounding like he’s working for we the people instead of them the corporatons, and finally backing it up with real, concrete action.

“If the big financial firms can afford massive bonuses, they can afford to pay back the American people.” Hallelujah! Someone in a position to do something finally said it!

And now it’s time to go further. If the failure of any one company could collapse the entire economy, that company is too big to exist. A corporation that cannot be allowed to fail is absolutely anathema to capitalism. It’s a fucking cancer on capitalism.

Obama wants the banks to embrace their responsibility? Hilarious. But guess what? We don’t need to be asking the big banks — or the health insurance companies! — to welcome reform. Who the fuck cares if they hate it? We don’t ask common thieves and murderers whether they might consider coming along to prison and accepting their punishment. Why are we asking corporations that do evil whether they will consider taking a few lumps and reducing their profits to levels that do not offend decency?

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