W.B.G. (We'll be gone)

Back before the start of the financial crisis in 2008, the guiding principle of Wall Street bankers was i.b.g./y.b.g. - when the whole thing comes crashing down, "I'll be gone and you'll be gone." We will get away with it. That was prescient, to say the least. They pretty much did get away from it, except a handful of bad actors that hurt the wealthy as well as the ordinary. (Bernie Madoff is one of those.)

As we stand at the cusp of another presidential election, witnessing the terrifying aftermath of Hurricane Sandy, it's clear that for the "conservative" (i.e. statist reactionary) side of the political equation, i.b.g./y.b.g. appears to apply to the climate crisis as well. Presidential hopeful Mitt Romney has adopted his party's Luddite stance on global warming, advocating massive expansion of fossil fuel extraction, processing, and use and joining the crackpot consensus on the right that sees extreme weather as a series of unfortunate (and wholly unrelated) accidents best ignored.

That the G.O.P. standard bearer can maintain this position after a year of unprecedented extreme weather is remarkable. That he can do it in the wake of Sandy's devastation is pathological. Madness though it may be, it has a goal: profit. Romney is fighting for his class, and fighting hard. He is the champion of short-term gain, narrowly shared.

His beloved Keystone pipeline is case in point. Romney speaks of this project as a means of "energy independence". I'm guessing he's not ignorant enough of global markets to think that any resulting fuel would simply be shared amongst Americans. Any oil produced in the U.S. goes into the global market. Even more importantly, Keystone would carry tar-sands sludge, mixed with toxic chemicals, down to refineries on the Gulf coast where it would be refined into diesel fuel and shipped to China. The bottom line is, well, the bottom line. Who cares if it contributes mightily to the collapse of our ecosystem? They make their money, then i.b.g. / y.b.g., right?

Trouble is, w.b.g. (we'll be gone), too. That plainly won't do. Do the right thing on Tuesday, and send Romney back to his mansion and his $100 million I.R.A.

luv u,

jp

Comments

Popular posts from this blog

R.I.P., uber rich lady atop killer empire

Pulling the plug is never as easy as it looks

Stop hiding your light under that bushel.