Mama Economy
Tay Zonday

Are you confused about the economy? Well have no fear --

I'm going to explain the American economy right now

+The dollar just think of it like

a promise from the government

But the value of the dollar

has to be there to be relevant

The value of the dollar comes from

China and Iran

When they put their cash reserves

in a U.S. dollar plan -

+They buy treasury bonds from

The Federal Reserve

We say we owe you extra money

cause you gave us some of yours

That's a big part

of the National Debt

All the interest that we

haven't paid to China quite yet -

+And a hundred other countries

Cause we're such a good investment

The whole world gives us money

We say Hey we'll pay you interest!

This is how money is created from air

Bank bailouts, federal budgets

Money isn't really there -

+It's an I.O.U., remember dollars are a promise

When you borrow from a bank

It's not from other depositors

The money for your loan

Gets created on the spot

Then they put it in your name

Gamble on your life and body -

+But if you lose your job

Then you were a bad bet

If a million lose their jobs

Then we have a recession

Here's the dirty secret

Your labor's too expensive

Wall Street wants you spending money

But they never want to pay you -

+In your life cash and credit

They are very different things

But your credit's someone else's cash

Once it leaves your name

This is why money is debt

And your debt is good for

Wall Street prosperity -

+And economic growth since the 1970s

Is consumers getting credit

Without wages increasing

So when they talk about the housing crisis

They never say we need to lower housing prices -

+We need ^better devices

To afford high prices

Meaning higher debt lower interest

Cause you're underpaid to begin with

That's the cycle we're in

We don't understand so

All we can do is question

[Chorus]

Mama economy make me understand

All the numbers why Daddy's on a welfare plan

'Turnin thirty forty fifty gotta move in with my parents

And the stocks go up but the jobs disappear

+^Because wages barely grew for 40 years

When you buy stuff

They delay the cost of ownership

You can't afford it

so they make it to depend

On endless small transactions

Which is more like renting

+You pay more for printer ink

Than you do for gold and

More for bottled water

Than you do for oil

Razor blades are made to

Oxidate

So you're forever in debt to them

Just to shave

+It's a type of socialism

called market socialism

The best designed product

Meets a need and doesn't last

We subsidize waste

With landfills and holidays like

Earth Day teachin' kids:

Recycle please

+Kids won't learn in school

we live one worldview

neoliberal economics

In all of our politics

They don't ask why corporations

are human citizens

Or why grandma pays more taxes

Cause she lacks stock dividends

+Or why private bankers

Print the public money

Or why democracy is broken

Cause their leaders won't be cutting

Loopholes or subsidies

For constituent industries

Putting legislative bodies

In a deep freeze

+So the Ph.Ds and the G.E.D.s

Cry with Ayn Rand down at the temp agency

Sayin' we believed in

Meri-tocracy

But there's more to the story--

Someone answer me!

[Chorus]

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