• feature
  • THURSDAY JULY 9 2009 12:00 PM

Michael Moore: For The Love Of Money



Michael Moore has just confirmed the name of his new movie, Capitalism: A Love Story, which will explore the evils of corporate governance. The Bowling for Columbine and Fahrenheit 9/11 filmmaker released a teaser trailer (see above) for the previously untitled film last month.

Capitalism: A Love Story is set for release on Oct 2nd, which marks the one year anniversary of the Senate vote to approve the $700 billion Wall Street bailout/rape/pillage.

Earlier in the year Moore had appealed for whistleblowers from the financial sector to come forward. It'll be interesting to see who stepped up to the plate.

"It will be the perfect date movie," said Moore in a statement released to the press yesterday. "It's got it all -- lust, passion, romance and 14,000 jobs being eliminated every day. It's a forbidden love, one that dare not speak its name. Heck, let's just say it: It's capitalism."

  • commentary
  • TUESDAY DECEMBER 16 2008 6:00 AM

Massive Republican Fail

Well, the Republicans sure did fight for their beliefs last week, didn’t they? Quite an impressive move standing up for CEOs during the first bailout, then attacking the workingman during the second bailout. It takes either a huge set of balls or being so distanced from reality that they don’t realize they have once again, decreased their followers. It will certainly backfire, as everything the Republicans do these days seems to.

It is hilariously heinous and a sign of the morally bereft that they would actually claim that Detroit’s autoworkers are paid too much, while also claiming the rich are taxed too much? How fucked up of a human being do you have to hold such fucked up beliefs. They are no better than vermin.

Take the simple minded Tennessee Senator Bob Corker. Bobby believes the horrible unions should accept “parity” with workers from his state. By “parity” he means the workingman should make less, like in his state, where autoworkers of foreign car companies live with discriminatory, anti-labor laws designed to keep wages low. Notice Bob didn’t say this about Wall Street. He failed to mention the insane CEO salaries and ridiculous bonuses of the banking crowd. No, it’s the workingman getting ahead that is dragging our country down. Yes, we need workers to make less money. That is obviously the problem with the auto companies. I can see no other problems. None at all. Other than the horrible unions, the Big 3 put the A in awesome.

So, the answer is to drive down the wage of blue-collar, mostly black workers. Hopefully, at some point, the wages of the workingman in this country will be on par with those in Mexico. Then the companies would really thrive! Hey, Bob, why don’t you make the same as a city councilman in Des Moines? Wouldn’t the federal budget be better off if you Senators weren’t making so much money? Don’t be greedy, Bob. You’re killing your country. Just take the pay cut down to the level of a guy living in a different place, but working in the same business.

Here’s an insane idea: Workers who produce things of value deserve a decent living. I know. It’s like I just wrote the words of Satan. Jesus would be disgusted. It’s also become more and more obvious in the past week that the only way for the workingman to achieve a decent living is through unions. That’s why they exist — because of assholes like Bob Corker.

The auto companies have actually been turning things around. The unions have made quite a few concessions over the past two years and GM, Ford and Chrysler cars are matching the quality of Japanese cars consistently. No excuse can be made for the insane over-production of gas-guzzlers. But the credit crunch is what really killed them, not the unions.

So, why does my headline say this is a massive Republican fail? They blocked the bailout, didn’t they? That will kill the union, won’t it? No.

Bush will bail out the auto companies, mostly because Hoover wouldn’t have. Keeping people employed in times like this is how you avoid a great depression, allowing millions to lose their jobs in this kind of teetering economy is what leads to great depressions. Anyone who knows how to read should understand that. So, Bush will do the right thing and bail out the auto companies — and there will be no strings attached.

Everything the Republicans wanted they will not get. The unions agreed to meet the Republicans demands, but just not in the time frame the Republicans wanted. Now that is gone. There won’t be a “car czar,” there won’t be a plan to place the burden of the bailout on workers, instead of upper management. Basically, Democrats are going to get the auto bailout they wanted from day one. Republicans won’t get shit.

No, actually, that’s not true. They will get something: The loss of support of many, many people in the Midwest whose lives rely on the auto industry. Those people have all watched as southern Republican Senators attempted to protect the interests of foreign-owned auto manufacturers with companies in their states. They watched as Republicans blatantly decided it was more important to blame the workers than the management that had made shitty decisions for years, while they took huge salaries. Republicans have literally come to a place where they are fighting against American manufacturing. That’s an insane stance to take in our country.

The Republicans just withdrew even more into the south. Good luck winning Indiana, Ohio, Michigan, Wisconsin and Minnesota ever again. If they had made a decent, reasonable argument to oppose the bailout, they may have had a chance. But they didn’t. They offered no clear explanation of the dangers of failure. They only attacked the unions. One conservative blogger put it succinctly:

I keep thinking about Mitch McConnell saying yesterday that he’ll oppose the bailout even though it’s “impossible to know” what the consequences of bankruptcy would be. Hey, Mitch? Not good enough. No one’s asking for absolute certainty on the outcome, which really is impossible; what I want is a good-faith attempt at assessing costs, benefits, and probabilities of all courses of action.

But make the case. Explain to me why, in the middle of a global economic crisis, propping up a failing industry to save jobs at least until the crisis is over is a worse option than pulling the plug now. The prospect of being taxed to support a $100 billion rescue of the auto industry is awful, but not nearly as awful as the cascade effect of consumer purchasing power drying up and me losing my job as part of a $500 billion hit to the economy. Is that what we’re looking at here or is it something less, or more.



They did not. Because this was not about the economy, or doing what is best for the country. This was about the sticking with exact same rigid ideology that created the Great Depression and stubbornly ignoring the obvious lessons learned from Hoover's and Mellon's tactics. They are literally attempting repeat the exact policies that led to the Great Depression. Next they'll try to balance the budget during this mess, because Hoover was right!

Republicans only attacked the unions. The workingman is under assault, which just happens to be the Republican bread and butter. Democrats won't lose any of their base pursuing the action everyone expects them to take. Republicans will. This was a shockingly stupid political move to say the least.


FearTheReaper is a writer, actor and stand up comedian. Check back each Tuesday, Thursday and Saturday for more from FearTheReaper and read his blog, Stop All Monsters.

  • commentary
  • TUESDAY NOVEMBER 18 2008 6:00 AM

Bail The Shit Out Of Detroit

It’s time for America to get its bailout on again. Detroit has turned into a giant bag of ass and we need to do something about it. They want 25 billion. I say we give it to them. Why? Because I’m a socialist? Nope. Because we are heading toward a deep, deep recession and the last thing we need is to lose 3 million jobs.

A study just published by the Michigan-based Center for Automotive Research (CAR) predicted that three million people would lose their jobs in the first year after such a Big Three meltdown, swelling the ranks of the unemployed by nearly one-third nationally and leading to hundreds of billions of dollars in lost income.



So, we can pay for it with a bailout, or pay for it in unemployment insurance, welfare and an increase in crime.

Oh, I know. The car companies are complete fuck ups. No argument here. While the right wing continues its rant that this is the fault of unions, I’m going to actually go with the facts. The mistakes of the auto companies were made at the top. They were made by throwing their weight behind cars like the Hummer, while Toyota was going with the Prius. While Detroit was cranking out Explorers and Escalades, Japan was whipping out the Civic Hybrid. Most of us crazy liberals just sat back watching the retarded actions of both government and the auto companies with depressed amusement. Yeah, I wrote “government.” Bush is very responsible for the current state of the auto industry because he gave massive tax breaks to people buying Hummers and refused to up standards. What we are seeing now is the result of a fantastically shortsighted and heinous energy policy. But, then, what has Bush touched that has not turned into a flaming pile of shit?

Our retarded Republican friends would like everyone to think the auto companies are in this position because of unions. Uh huh. Right. The workers are at fault for the collapse of the company. That’s usually how it works. Please ignore the facts.

In its contract last year, the UAW made painful concessions, adopting a two-tier wage structure, such that new employees make just $12 to $15 an hour. The move is projected to bring the American manufacturers in line with their Japanese rivals' non-union labor costs in the near future.

In addition, the union has taken responsibility for providing retiree healthcare, thereby eliminating one of the last remaining competitive disadvantages for the American manufacturers' unionized workforce as compared to their Japanese rivals.



The horrible, horrible union has done its part to save the company, so shut the fuck up, you incredible idiots. The estimated cost of health care for each GM car is $1,500. Considering most other countries have universal health care, our auto industry is starting in a hole, which just happens to coincide with the profit difference.



But, the right wing is against health care, so we can’t do that. And we can’t have unions. And we can’t save the car companies with a bail out. Sorry, we just have to let ‘em fold and put 3 million Americans out of work. Then we will not pass an extension for unemployment and they will have to become criminals to survive. Then we will put them in jail where they belong. Fucking criminal assholes.

Automobile companies are in bad shape because they made bad choices. They went for the short sighted big buck, the one that would make them the most in the moment, you know, like all those financial companies we just bailed out. Except, the car company’s actions were stupid instead of criminal. And now they are getting hammered by…right, the credit problem – which was created by a lack of regulation on Wall Street. Companies like GM survive on credit. They need it to pay the companies that produce the parts they use to make cars. With no credit, the whole thing collapses. And it’s the reason we can’t allow GM to declare bankruptcy.

GM won't be able to file Chapter 11.

But GM can't build cars without parts, and it can't get parts without credit. Chapter 11 companies typically get that sort of credit from something called Debtor-in-Possession (DIP) loans. But the same Wall Street meltdown that has dragged down the economy and GM sales has also dried up the DIP money GM would need to operate.

That's why many analysts and scholars believe GM would likely end up in Chapter 7 bankruptcy, which would entail total liquidation.



Sweet. Total liquidation. That should be awesome for any future wars we have to fight. We don’t need those companies to produce equipment for our forces or anything.

What everyone also seems to be missing are Detroit’s advances. The companies are actually turning the corner, and in some cases possibly moving ahead of Japan.

So far, the results are promising. According to the most recent Harbour Report, the benchmark guide for manufacturing prowess, Chrysler's factories now match Toyota's for the most productive, while both Ford's and GM's are improving. (A Toledo Jeep factory was actually named the nation's most efficient.) Consumer Reports now says Ford's reliability is approaching that of perennial leaders Honda and Toyota, whose ratings actually slipped last year. In late 2010, GM will introduce the Chevrolet Volt, a plug-in hybrid that can go 40 miles without gas, and the Chevrolet Cruze, a compact that relies solely on gas but that gets 45 miles to the gallon. The Volt would represent a rare leap ahead of the Japanese, who never embraced plug-in technology with the same enthusiasm.

No bailout means kissing the Volt and possibly its technology good bye.



"Maybe those engineers get rehired, maybe not," says Case Western's Susan Helper. "But you lose those working relationships; you lose all the time invested. ... [People] don't really have a sense of the things that have to get put in motion, when you have ten-year planning horizons for new engines. When you disrupt that, it's very costly."



Sounds awesome. The Volt has been in development for a decade, so let’s toss it out the window. It’s totally what we need with peak oil staring us in the face and companies like Tesla falling apart because of the credit crunch.

Or, you know, we could go with the “free market” plan. Let’s see how that would play out.

1. GM files for Chapter 7 bankruptcy
2. GM's Chinese partner, SAIC, buys much of GM (Buick, Chevy, Cadillac)
3. GM/SAIC starts importing Chinese-made Buicks and Chevys, undercutting Toyota's cost advantages
4. GM/SAIC owns the Volt technology, requiring US firms to lease it if they wanted to use it.



Sweet. There’s your free market at work. I’m sure the right wing would love our car companies and their technology being owned by the Chinese. Right? Hello?

The bailout needs to happen, but unlike the idiotic one we just gave to Wall Street, it should come with strings. First, fire every asshole working at the top of these companies. Get ‘em out. They are idiots and have been fighting against regulation and EPA standards that would have pushed them in the direction of profitability today. Fuck ‘em. Bring in someone who is innovative and has actually made a lot of money, like a Bill Gates or a Steve Jobs. Make standards and new regulations part of the bailout deal. We have been at a political standstill for years because of the many lawmakers beholden to automakers and their employees. Now it is time to get what should have been done years ago done.

Of course, the right sees this as a way to destroy one of America’s most powerful unions, so they are against it. You’ll see a lot of the assholes who voted for the Wall Street bailout saying this is a bad idea because they want to kill the union. They are okay losing 3 million jobs for ideology. Meanwhile, they can’t handle the idea of universal healthcare and love spending shitloads of money in Iraq. They are amazing idiots. If you support the Iraq War and all it has cost, yet argue against a bailout, please explain to me why I shouldn’t be able to shit down your throat. Because I don’t see any difference between you and a toilet.

FearTheReaper is a writer, actor and stand up comedian. Check back each Tuesday, Thursday and Saturday for more from FearTheReaper and read his blog, Stop All Monsters.