Inside Job: how Wall Street ruined America

28 Nov

If you’ve ever taken out a student loan, been foreclosed on, had credit card debit I’d highly recommend you shell out the 12 bucks to see “Inside Job.” The movie takes apart the financial crisis in five acts, each act scarier than the last. Inside Job proved to be more horrifying than Recount while being logical and well analyzed. The story reveals the depth and breadth of the recession and documents the events surrounding the boom and bust, using articles by and interviews from the people who witnessed it from positions of power.

I cannot recall another movie that made me leave the theatre feeling more incensed than Inside Job. The decisions made by a small group of affluent, money grubbing Wall Street people destroyed the lives of millions of people in this country and around the world. As a result, whole towns have been wiped out, livelihoods have been lost and futures have been gambled away, with a degree of disregard that you’d only expect from the most selfish lowlife.

I’ve spent a lot of my life being involved in politics, but this movie made me really doubt the effectiveness of our electoral system. It seems that the real power in society has gone to those who have the most money. Unfortunately, the money has been going to about one percent of the people in our country whose interests differ drastically from the other 99 percent. While the recession has increased our need for a public safety net, private interests and small government conservatives have demonized government programs designed to help the general public.

While the social ideology proliferated by the Tea Party movement has skewed our electorate more conservative, people who have no interest in the betterment of middle or lower class America have garnered the financial benefits. The deregulation of Wall Street, which was taking its toll as far back as the Reagan Administration, single handedly created an atmosphere of carelessness driven by greed. As America began to prosper, those with an eye for money prospered the most behind the scenes, virtually unchecked by federal regulators.

What happened next has been described as a worldwide ponzi scheme. Predatory lending and shady lending practices built a house of cards that crumbled very suddenly starting in 2008. The environment that fostered the recession was driven by an insatiable hunger for wealth and the associated lifestyle and those who benefitted from it the least, suffered from the most adverse affects. Across the country unemployment skyrocketed as did the debt of everyone from individuals to state governments. While the companies holding the debt got bailed out for being “too big to fail,” houses were being foreclosed on, families were forced to make sacrifices to pay the bills, and food banks experienced the highest demand in recent history. Still, demands for smaller government and lower taxes are being made, the proponents of which show very little interest in the needs of average Americans.

The destruction of the American Dream is the one thing I resent the most about this financial crisis. There are now millions of people for which that dream will be forever out of reach. For the first time in the past hundred years we are not wealthier or more educated than our parents. Our nation as a whole may never recover from the fallout of this crisis; our future has become uncertain.

We have to take charge of the our fate. The powers that be are determined to silence our voices in the interest of making money and Americans of every race, gender and background are paying the price.

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