I recently watched Michael Moore's latest film Capitalism: A Love Story. First off, great movie! I have watched most of Michael Moore's movies and this is one was pretty well done. Bowling for Columbine is still my favorite movie of his, but this takes a close second. The movie has some very powerful spots and also has spots of Michael Moore running around Wall Street being obnoxious as usual, but it would not be a Michael Moore film without that right?
I think the most powerful part of this movie was when Michael Moore showed families getting their homes taken away and being kicked onto the streets. These were hard working families who got suckered into bad ARM (adjustable rate mortgage) home loans by banks looking to make a huge profit when interest rates went up. Good families with children. This hits close to home for me since there are five homes on the same block that I live on that are foreclosed. Many of the homes have been sitting empty FOR OVER A YEAR! It makes me sick to my stomach to take a walk in my neighborhood and see the destruction that has been done. To see all of the white papers on the doors and to see no lights on inside the homes at night is upsetting. The home right next door to me is foreclosed and the home just on the other side is foreclosed as well. My street feels lonely, cold, and gloomy even on a sunny day.
Now what gets met in an absolute rage is that out of the five homes foreclosed on my block, there is only one sale sign in one of the yards of these homes!!! The others are just sitting there! Someone could and should be living in those houses! Why kick a family out of their home onto the street and let a home sit empty? At least let the family live there until the house is ready to go on the market. I understand the banks not wanting someone living there when they are trying to sell the homes, but they are not trying to sell them right now.
Why do these homes sit empty and off the market? I know why. It's because congress decided to give the banks a 700 billion dollar bailout. Although since congress is largely controlled by Wall Street I guess you could say the banks gave themselves a 700 billion dollar bailout. The banks don't care that the homes are sitting empty because they already got the money they lost from the bad loans they gave out back in their pocket from the bailout! Why was it ever approved to give the banks this huge bailout? Why didn't the banks have to actually work to clean up the mess they created? If they didn't get the bailout I bet the foreclosed homes on my street wouldn't still be sitting empty for over a year.
The other powerful message in the movie was President Franklin D. Roosevelt's <a href=" [en.wikipedia.org] bill of rights</a> that he proposed in 1944. The rights include:
- The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
- The right to earn enough to provide adequate food and clothing and recreation;
- The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
- The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
- The right of every family to a decent home;
- The right to adequate medical care and the opportunity to achieve and enjoy good health;
- The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
- The right to a good education.
Why didn't this bill ever get passed? Imagine what our country would be like today if it had been.
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