Tuesday, April 24, 2012

Inside Job (2010)

RATING: 9/10

Viewers get their money's worth with this Oscar-winning documentary.

Director Charles Ferguson's 2010 release about the global economic meltdown in 2008 is must-see viewing for just about everyone on the planet.

With actor Matt Damon's sombre narration, Inside Job does a very good job of explaining, in meat and potato terms, how trillions of dollars, thousands of jobs and homes were all lost in the most painful economic hammering the world has seen since the Great Depression.

Folks, you cannot afford to miss this powerul film that deservedly won an Oscar for best documentary in 2011.

If you follow business and politics, see this film. Inside Job speaks with a who's who of the financial sector including Eliot Spitzer, former governor of New York and New York attorney general, Barney Frank, Democratic representative for Massachusetts, key brass from the International Monetary Fund and Paul Volcker, chairman of the economic recovery advisory board.

If you love President Barack Obama and how America is run, see this film. Pundits interviewed in this film suggest his is "a Wall Street government" that plugged leaders from said New York financial centre into major positions with Obama's administration. The American financial sector pours, literally, billions of dollars into lobbying politicians and making campaign donations.

Republicans don't look so hot either. Inside Job suggests the seeds of the 2008 meltdown began about 30 years earlier when President Ronald Reagan began deregulating the American financial industry. The documentary also critical of the last two leaders of the Federal Reserve, Ben Bernanke and Alan Greenspan.

If you think academics in America offer independent thought on economic policy, see this film. Inside Job suggests economics some professors at major American universities earns a very nice side income working for the financial industry. Inside Job interviews some of them. Their responses make for fascinating viewing.

Readers, I have worked as a reporter for more than a decade. Spokespersons for companies and governments are very smooth with the media. Several get tripped up when answering questions. Rather than ambushing leaders as Michael Moore would, the makers of Insdie Job calmly confront business leaders with facts.

If you're curious about how top talent in the American financial industry are wired, see this film. Inside Job suggests earning lots of money, and then finding ways to spend said cash, are their two prime drivers in life. Big houses. Sports cars. Drugs. Prostitutes. Bring 'em on.

If you're an American citizen who feels a little less prosperous these days, see this film. Inside Job suggests a whopping 80% of Americans have lost ground financially between 1980 and 2007.

Inside Job notes financial quagmires have steadily grown more serious since the 1980s. What can the world's population expect the next time disaster hits?

See this movie.

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