I saw Boone Pickens, one of the world’s smartest men (next to good old Hank and Warren) on the TV this morning. He made the point that the American people just didn’t understand the big picture or the big problem or the bailout plan. That strikes me a bit like Dr Frankenstein bitching that the stupid townspeople don’t understand him or science or how wonderful his creation is. And it isn’t just Pickens, it’s Paulson, Pelosi, Bush… the whole crapweasel chorus. But they don’t seem to get it that we want to hear other plans, not that this one is the only one.
It’s an old truth that if you can’t explain the problem you don’t know enough to solve it. Washington and Wall Street oughta quit pointing fingers at the people and take a look in the mirror. They didn’t make their case to people who are intelligent enough to understand it. And some of the posturing and political game playing in the midst of it makes us wonder just what they’re trying to pull here. First it’s a bailout. This morning it’s a “rescue”. Nancy Pelosi going on a rant? Very helpful. Then it was ‘It HAS to be done by Wednesday, no Thursday, well by Monday at the latest, or we’re going down the toilet for sure’. And then 95 Democrats vote No when it comes to the vote, 12 of them on Barney Franks’ own committee. Good job of leadership there Barney. Perhaps this problem isn’t quite so dire as you’re making it out to be, if you can’t get your own people on board?
But there are a lot of other things that could be applied to the problem that aren’t even being mentioned in Washington. Tax changes. Getting rid of the ‘mark to market rules’. Freezing spending and earmarks. Shut off the flow of dollars to foreign countries for awhile. Round up some crooks (Raines, Johnson, for starters, and then let’s look at some of the Dems who, knowingly or not, diddled the books and told the lies about the supposed strength of Fannie and Freddie). My sweetie just mentioned that we haven’t seen any heads rolling yet… if they were really serious we’d see some heads rolling, but they’re all playing Cover Our Butts back there. And hey, maybe they could even quit some of the racially driven bullcrap in lending, hiring, and politics. They’re being awfully quiet about ACORN, aren’t they? I know… ain’t gonna happen. What we get is “the mother of all bailouts”. The first second third of many. Or is this now the fourth? And sorry, not bailout plan, Rescue Plan (I forgot, you changed the name last night).
It’s for the children…a bill they’ll have to pay long after we’re gone. A bill, not just in monetary terms, but more importantly in terms of radical damage to the strength of the Constitution, and the whole idea of free markets and the strength and validity of contracts. And what about that $700 billion? How did they know how much they needed? They didn’t.
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
They made it up to be sufficiently ginormous to frighten everyone into rapid action.
And it worked.
Only, it didn’t work, because enough Reps on both sides of the aisle had the stones to vote NO (thanks Bill Sali). 95 Dems broke away from the shrill marching orders of Nancy Pelosi, preferring instead to listen to the people rather than the big clown show on stage (Paulson, Bernanke, Pelosi, Reid, Bush, Dodd, and the loveable Barney Frank…)
They made the number up. What else did they pull out of the hat, a month before the election? By the way, the stock market is currently pricing in an Obama presidency. That 777 drop yesterday wasn’t simply a panic attack or a hissy fit. They know this stuff helps Obama. Kinda like gun folks stocking up… just pricing in an Obama presidency. Happy Halloween, eh?
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