Does anyone think it’s just a little weird to be stampeded into a $700 billion solution to the worst financial crisis since the Great Depression by the very people who brought us the worst financial crisis since the Great Depression?
I am not going to pretend like I completely understand the current financial crisis, its causes, and all of its implications. And that is why what is going on right now scares the shit out of me.
The one thing I do know: I am getting a very, very queasy feeling in my gut as the architects of the Bush's Iraq adventure, and the authors of "Weapons of Mass Destruction" put their point person, an ex-Wall Street insider, out in front of this mess:
(a) to ask for $700,000,000,000 from taxpayers ...
(b) to buy junk securities for well above market value, and also ...
(c) pay the crooks from Wall Street who got us into this clusterfuck to administer this ingenious plan.
And if that weren't enough ...
(d) to pay the ransom, -er, I mean, pass the law by Friday ...
(e) with no strings attached, and further ...
(f) to prevent regulatory oversight, and, capping it all off...
(g) giving the middle finger to the branch of the federal government set up under Article III of the US Constitution: preventing any review by the courts.
And why should we agree to this? "Trust." Just trust us.
Yeah, right. What was that cliche that Dubya Bush mangled about getting fooled once and so forth ???
Ah yes...
Trust??
One of my fave's, The Rude Pundit, draws some eerie Iraq parallels here.
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