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America is NOT broke
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America is NOT broke

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America is NOT broke

Source: Michael Moore: America Is Not Broke

Speech delivered at Wisconsin Capitol in Madison, March 5, 2011 by Michael Moore



America is not broke.

Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.

Today just 400 Americans have more wealth than half of all Americans combined.

Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'ťtat, then you are simply not being honest about what you know in your heart to be true.

And I can see why. For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we'd have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite. Wall Street, the banks and the Fortune 500 now run this Republic -- and, until this past month, the rest of us have felt completely helpless, unable to find a way to do anything about it.

I have nothing more than a high school degree. But back when I was in school, every student had to take one semester of economics in order to graduate. And here's what I learned: Money doesn't grow on trees. It grows when we make things. It grows when we have good jobs with good wages that we use to buy the things we need and thus create more jobs. It grows when we provide an outstanding educational system that then grows a new generation of inventers, entrepreneurs, artists, scientists and thinkers who come up with the next great idea for the planet. And that new idea creates new jobs and that creates revenue for the state. But if those who have the most money don't pay their fair share of taxes, the state can't function. The schools can't produce the best and the brightest who will go on to create those jobs. If the wealthy get to keep most of their money, we have seen what they will do with it: recklessly gamble it on crazy Wall Street schemes and crash our economy. The crash they created cost us millions of jobs. That too caused a reduction in revenue. And the population ended up suffering because they reduced their taxes, reduced our jobs and took wealth out of the system, removing it from circulation.

The nation is not broke, my friends. Wisconsin is not broke. It's part of the Big Lie. It's one of the three biggest lies of the decade: America/Wisconsin is broke, Iraq has WMD, the Packers can't win the Super Bowl without Brett Favre.

The truth is, there's lots of money to go around. LOTS. It's just that those in charge have diverted that wealth into a deep well that sits on their well-guarded estates. They know they have committed crimes to make this happen and they know that someday you may want to see some of that money that used to be yours. So they have bought and paid for hundreds of politicians across the country to do their bidding for them. But just in case that doesn't work, they've got their gated communities, and the luxury jet is always fully fueled, the engines running, waiting for that day they hope never comes. To help prevent that day when the people demand their country back, the wealthy have done two very smart things:

1. They control the message. By owning most of the media they have expertly convinced many Americans of few means to buy their version of the American Dream and to vote for their politicians. Their version of the Dream says that you, too, might be rich some day Ė this is America, where anything can happen if you just apply yourself! They have conveniently provided you with believable examples to show you how a poor boy can become a rich man, how the child of a single mother in Hawaii can become president, how a guy with a high school education can become a successful filmmaker. They will play these stories for you over and over again all day long so that the last thing you will want to do is upset the apple cart -- because you -- yes, you, too! -- might be rich/president/an Oscar-winner some day! The message is clear: keep your head down, your nose to the grindstone, don't rock the boat and be sure to vote for the party that protects the rich man that you might be some day.

2. They have created a poison pill that they know you will never want to take. It is their version of mutually assured destruction. And when they threatened to release this weapon of mass economic annihilation in September of 2008, we blinked. As the economy and the stock market went into a tailspin, and the banks were caught conducting a worldwide Ponzi scheme, Wall Street issued this threat: Either hand over trillions of dollars from the American taxpayers or we will crash this economy straight into the ground. Fork it over or it's Goodbye savings accounts. Goodbye pensions. Goodbye United States Treasury. Goodbye jobs and homes and future. It was friggin' awesome and it scared the shit out of everyone. "Here! Take our money! We don't care. We'll even print more for you! Just take it! But, please, leave our lives alone, PLEASE!"

The executives in the board rooms and hedge funds could not contain their laughter, their glee, and within three months they were writing each other huge bonus checks and marveling at how perfectly they had played a nation full of suckers. Millions lost their jobs anyway, and millions lost their homes. But there was no revolt (see #1).

Until now. On Wisconsin! Never has a Michigander been more happy to share a big, great lake with you! You have aroused the sleeping giant know as the working people of the United States of America. Right now the earth is shaking and the ground is shifting under the feet of those who are in charge. Your message has inspired people in all 50 states and that message is: WE HAVE HAD IT! We reject anyone tells us America is broke and broken. It's just the opposite! We are rich with talent and ideas and hard work and, yes, love. Love and compassion toward those who have, through no fault of their own, ended up as the least among us. But they still crave what we all crave: Our country back! Our democracy back! Our good name back! The United States of America. NOT the Corporate States of America. The United States of America!

So how do we get this? Well, we do it with a little bit of Egypt here, a little bit of Madison there. And let us pause for a moment and remember that it was a poor man with a fruit stand in Tunisia who gave his life so that the world might focus its attention on how a government run by billionaires for billionaires is an affront to freedom and morality and humanity.

Thank you, Wisconsin. You have made people realize this was our last best chance to grab the final thread of what was left of who we are as Americans. For three weeks you have stood in the cold, slept on the floor, skipped out of town to Illinois -- whatever it took, you have done it, and one thing is for certain: Madison is only the beginning. The smug rich have overplayed their hand. They couldn't have just been content with the money they raided from the treasury. They couldn't be satiated by simply removing millions of jobs and shipping them overseas to exploit the poor elsewhere. No, they had to have more Ė something more than all the riches in the world. They had to have our soul. They had to strip us of our dignity. They had to shut us up and shut us down so that we could not even sit at a table with them and bargain about simple things like classroom size or bulletproof vests for everyone on the police force or letting a pilot just get a few extra hours sleep so he or she can do their job -- their $19,000 a year job. That's how much some rookie pilots on commuter airlines make, maybe even the rookie pilots flying people here to Madison. But he's stopped trying to get better pay. All he asks is that he doesn't have to sleep in his car between shifts at O'Hare airport. That's how despicably low we have sunk. The wealthy couldn't be content with just paying this man $19,000 a year. They wanted to take away his sleep. They wanted to demean and dehumanize him. After all, he's just another slob.

And that, my friends, is Corporate America's fatal mistake. But trying to destroy us they have given birth to a movement -- a movement that is becoming a massive, nonviolent revolt across the country. We all knew there had to be a breaking point some day, and that point is upon us. Many people in the media don't understand this. They say they were caught off guard about Egypt, never saw it coming. Now they act surprised and flummoxed about why so many hundreds of thousands have come to Madison over the last three weeks during brutal winter weather. "Why are they all standing out there in the cold? I mean there was that election in November and that was supposed to be that!

"There's something happening here, and you don't know what it is, do you...?"

America ain't broke! The only thing that's broke is the moral compass of the rulers. And we aim to fix that compass and steer the ship ourselves from now on. Never forget, as long as that Constitution of ours still stands, it's one person, one vote, and it's the thing the rich hate most about America -- because even though they seem to hold all the money and all the cards, they begrudgingly know this one unshakeable basic fact: There are more of us than there are of them!

Madison, do not retreat. We are with you. We will win together.

--------

Mike

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  #2 (permalink)
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Well, I was never good at history, but havenít the Kings and Nobles ruled this earth for like.. EVER!

So So Sad, that we common folk accept this as life, (not that we have a whole lot of choices). Other than maybe here in the US, we people voted them in in the first place! This touches on a touchy subject for me and I have some very strong opinions that Iíll keep to myself for now.

But I will ask one question. Why would a politician (house, senate, whatever really) spend in excess of 6 million dollars to campaign for a job that (if theyíre lucky) pays a couple hundred thousand a year.

Iím sorry, Mike started it!.. .. Itís late, and just felt like venting.. sorry Mike!

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Ok, discussing politics is a dangerous occupation.

Unions are good, and they have evened the playing field for many who would never have the slightest opportunity to live a decent life. They do 'shift' things slightly.

However, Unions in government in my opinion SHOULD BE (dangerous words) abolished. I find it utterly ridiculous that we are collectively bargaining against ourselves! Teachers, Government employees of all shapes and colors are unionized? I can never get my head around that strange thing that we would need to 'bargain' against ourselves.

I live in Hawaii where it has been acknowledged to the the 2nd MOST corrupt government in the US (after Louisiana). Our own city council members (who are being paid) are on the payrolls of companies that come to them for decisions weekly! Bribery, Nepotism and other BS ways are rampant and all protected by the UNION! (Unions get them elected)

Our electric company just put through a strike YESTERDAY and many people are without power! Our GDP is being forced to pay for retirements that are excessive and so good they couldn't nearly be replaced in the private sector.

I think M. Moore is a brilliant man who is good at telling a story (no matter how one-sided) but using the excuse of wealth transfer to not have Unions abolished in government is ridiculous!

Fear Fear Fear....

I am a very liberal person, but on some issues (financial) I find it hard to understand how the State of Wisconsin is doing a wealth transfer against the Union employees of the State???? Or, am I missing some of the fear mongering?

Fox News makes me vomit, well, really it makes me laugh and helps me understand how crazy people actually think.

Our schools in Hawaii get more money than any other school system (or what I was told) per student in the country. I can tell you that the grades are not proportional to the $ spent. I always hear that the schools need more money, but that is mainly from the UNIONS wanting their poor broke teachers who only make 60K a year (9 months) to get more money for their struggling students. Talk about a broken system.

I read somewhere that by 2050 or 2035 (can't recall) that something like 80% of our GDP will be spent on Government Pensions!!!

We talk about traders who claim to make 200% returns per day, well, how can a pension fund (oh, I do get money from these guys on some equity investments!) keep up w/ 100% retirement plans!!!!!! 108% retirement plans!!!

Not to mention that many government employees think we work for them!!!!

Abolish the unions, if they don't want the job, move on, find another opportunity or Union to join. Enough negotiating against ourselves and making the government employees the only people w/ retirement plans.

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Well, I was never good at history, but haven’t the Kings and Nobles ruled this earth for like.. EVER!

So So Sad, that we common folk accept this as life, (not that we have a whole lot of choices). Other than maybe here in the US, we people voted them in in the first place! This touches on a touchy subject for me and I have some very strong opinions that I’ll keep to myself for now.

But I will ask one question. Why would a politician (house, senate, whatever really) spend in excess of 6 million dollars to campaign for a job that (if they’re lucky) pays a couple hundred thousand a year.

I’m sorry, Mike started it!.. .. It’s late, and just felt like venting.. sorry Mike!

The job has nothing to do with Money. Some people are motivated by money, some by sex, some by power, some by all, some by ....

Power is a drug and money is strictly a means to that drug. Politics has and always will equal power and what we see is the common folk vs. corporate execs and government employees.

We have a choice, we can all work for the government, but I don't think that is what many of us would want but it seems that government jobs or UNION government jobs seem to be the best opportunities for people who are ENTITLED.

People who are pro-union for government need to spend some time in a truly socialist state. My brother-in-law is from Kazakhstan and I have spent time in a couple other areas like that, and I can tell you, boy what a way of life...

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400 people own more than half of the population ?

What's wrong with that ?

How do you think it was 50 years ago, or 100 years ago, or 200 years ago, or before the French revolution ? Or after the French revolution ? Or in the dark ages ? Or 2000 years ago ? Or 4000 years ago ?

I'm against the union, but I'm pro human rights, but I'm very much against unions.

We used to be hunters, the best hunters had the biggest power, it's still the same, instead we hunt for money now.

We know that equilibrium in income is not working at all (Russia) so move your ass and feel the beat!

Moore is lying in his speech, go to China and watch to see if these factory workers are poor. They aren't poor. It's just cheaper to live there. But hey, that wouldn't work on the big screen right ?

About that quote from a rookie pilot, yes that's true because it's part of his TRAINING, once he gets more than 1200 hours experience he earns gradually more. The pilots who earn 1Milion a year aren't there anymore but that's not needed. But a pilot below 1200/2500 hours is pretty useless for the company since he's still needs a lot of flight hours (like trading screen hours) that's why they pay him so low. Couldn't Moore really find a better example ? What a looser. Propaganda I call it.

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Moore is lying in his speech, go to China and watch to see if these factory workers are poor. They aren't poor. It's just cheaper to live there. But hey, that wouldn't work on the big screen right ?

I am from India (and things are more or less same in China), and your perception is not right.

India is not poor, poor people lives here - as said the former finance minister p chidambaram (currently the home minister).


Last edited by bukkan; March 7th, 2011 at 10:55 AM.
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I read carefully all the posts in this thread, many informations about what happened... does anybody have the proven solution to the problem or are we into rhetorical thoughts.

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I read carefully all the posts in this thread, many informations about what happened... does anybody have the proven solution to the problem or are we into rhetorical thoughts.

Yes, there is a proven solution, which has elevated the lot of mankind beyond the wildest imagination of our ancestors. It's called Free Enterprise.

There is also a proven failure, which has led to widespread misery every time it's been tried. It's called Socialism, and is what Micheal Moore and his ilk promote.

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There is no word or concept in my opinion that works. To label socialism or 'free enterprise' is a farce in my opinion.

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fluxsmith View Post
Yes, there is a proven solution, which has elevated the lot of mankind beyond the wildest imagination of our ancestors. It's called Free Enterprise.

There is also a proven failure, which has led to widespread misery every time it's been tried. It's called Socialism, and is what Micheal Moore and his ilk promote.

Free enterprise or capitalism as socialism are full of failures, I think we can not rely on the past to prove our theories but must look into a new system (it's like auto strategies they won't work if the market conditions are changing, backtesting is based on the past)

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