Sunday, October 26, 2008

Do Corporations Unduly Influence American Foreign Policy? Do They Play A Vital Role In Setting Foreign Policy?

I am talking about foreign policy, foreign relations, trade, trade agreements and the like. If you don't consider this to be a major factor influencing the world today, you might wish to expand your thought processes. Not only for the U.S. but around the globe. Not all of the influence is necessarily negative but with a lack of transparency into lobbying efforts and many governmental actions, we really don't know the extent of any influence. I could write extensively on this topic but maybe some other time.

Instead, let's look at a ProPublica article that explores the deep tentacles of Wall Street's grip on our government in this astonishing expose that AIG was actually meddling in nuclear technology and trade negotiations between the U.S. and India. The world is obviously a very different place than what we've been told by politicians of both parties for this is surely not an isolated incident.

It's interesting to note the original Federal Reserve investment in AIG has increased by 50% in the last month as well. AIG originally said it needed $20 billion then $50 billion and now we are up to approximately $125 billion. Is Hank Greenberg still attempting to gather investors to buy the company back? Yeah right. For its investment, the U.S. citizens should own 100% of AIG until it is repaired or dismantled. And, it's employees should be civil servants pledging the same ethics oaths that all civil servants take instead of pissing away taxpayer dollars on drunken junkets.

It might be of interest to note that $125 billion would provide $10,000 in annual unemployment assistance for over six million Americans for a period of two years. Or provide shelter or access to health care or whatever. Yet, while AIG executives continued to lobby the government after its bailout and continues to get cash injections, unemployment benefits are running out for Americans without employment.

Are we going to watch the world pass by or are we going to pledge to change it?
posted by TimingLogic at 1:27 PM