McCain babbling at a time he should be helping out
Now Playing: Reality really bites
Topic: Economic Politics

John Aravosis at Americablog pointed this out 

 

We are a family with a drunk elephant in the living room
Now Playing: the grownup thing to do
Topic: Economic Politics
I strongly agree with this paragraph from beyond our shore: John Gray/Guardian/The Observer

Ever since the end of the Cold War, successive American administrations have lectured other countries on the necessity of sound finance.

Indonesia, Thailand, Argentina and several African states endured severe cuts in spending and deep recessions as the price of aid from the International Monetary Fund, which enforced the American orthodoxy.

China in particular was hectored relentlessly on the weakness of its banking system. But China's success has been based on its consistent contempt for Western advice and it is not Chinese banks that are currently going bust.

How symbolic yesterday that Chinese astronauts take a spacewalk while the US Treasury Secretary is on his knees.

Falsehoods and greedy exploitation of what the American Dream means or precisely what America's core values should be are at fault.

Our own perpetrators have denied for years the crass self-serving baseness of American global imperialism. They've succeeded in that denial by capitalizing on us consumers and our own pseudo-patriotic denial of reality.

We are a family with a drunk elephant in the living room. We do not have to pretend anymore. In fact, the grownup thing to do is shut down the drunk's behavior and restrict him to his playpen and to no sharp objects with which he can hurt himself ... and all of us.

Welfare, Public, Corporate, Norquist, Republicans
Topic: Economic Politics
Reference the Wall Street Journal article, Lawmakers Battle Over Rescue Plan

As anti-Iraq Invasion activists in support of military families, Lietta and I always found it difficult to motivate individuals and families who had no warrior close to or connected to them to get involved.

They did not have - as has been described many times - "skin in the game."

Hmmm ... now that we all have skin in the American Economic Politics game, I hope more people are willing to lay down their clickers, toss their bottles, golf clubs, American idols and dancing darlings and get involved. In more of the past 8 years, the Bush Republican Bureaucrats are wanting to address this economic meltdown in their own time-proven-failure, the "Halliburton" formula.

The Wall Street Journal describes bureaucrat Paulson as being ready to insist that there is only one true way the Bushco folks will have it:

Mr. Paulson is resisting efforts to limit the pay of executives whose firms participate in the program and plans to fight it "hard," according to a person familiar with the matter. He fears that provision would render the program moot, since many firms might choose not to participate."

Oh, and just like the sales pros do when they don't want you to have time to think it over, Paulson and Associates insist the the decision be as rapid as possible.

There's more,

"The debate could expose a peculiar irony in the government's rescue planning, because taxpayers are now both creditors and debtors in the housing mess. While some taxpayers would benefit from attempts to aid homeowners by modifying mortgages or easing the bankruptcy process, others could be hurt if those moves increase the overall cost of the bailout."

And of course the ultimate irony for all those of the Grover Norquist school of erroneous assumptions is that this action is essentially socialistic in the extreme.

Corporate Welfare is now Official Government Policy.

More money by far is spent on Public Welfare Programs than ever before in the history of this nation and the recipients are not human beings.

Newt Gingrich and Phil Gramm owe us a new Promise to America. And somebody needs to explain it to John
McCain before his bootlaces get so tangled in his vocal chords that he'll have two permanent tongues.

Tags: Welfare, Public, Corporate, Norquist, Republicans

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A Revolting Development When This Guy's Quote Seems to Fit
Now Playing: A Fine Thing When This Guy's Quote Seems to Fit
Topic: Economic Politics

You better make your opinion known to your elected hirelings and do it in a hurry before Bushco before Paulson and the Republican corporate bureacrats try the Halliburton method of saving the American Economy.

Another reason why the omnipotence of "wealth" is more certain in a democratic republic is that it does not depend on defects in the political machinery or on the faulty political shell of capitalism. A democratic republic is the best possible political shell for capitalism, and, therefore, once capital has gained possession of this very best shell..., it establishes its power so securely, so firmly, that no change of persons, institutions or parties in the bourgeois-democratic republic can shake it. -- Lenin, State and Revolution

Recommend Valtin at Docudharma

Lenin's Chickens Roost in Paulson's Attic