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Just a little outrage from anybody, please.
Oh, the humanity.
Nope, John, you didn’t close the deal at all. In fact, the rank and file House Republicans actually led a revolt against the Plutocracy of Bush Paulsen, Pelosi, Schumer, Frank and Dodd and their incessant bleeding of the middle class. The House representatives did their job in “representing” the interests and wishes of their constituents by refusing to pour $700 billion down the bottomless pit of Goldman- and Morgan-led crony capitalism.
Now, the Plutocracy will put the screws to regional banks and the “little people” by freezing credit, hoping to break the will of those living day-to-day, paycheck-to-paycheck. The Plutocracy will eventually force the American people to capitulate and the bailout will pass. But it won’t really matter. The Great Unwinding has arrived. And it will be long and painful whether we pay a blood tithe to Wall Street or we hold firm.
Economists Not Into Paulsen and the Bailout, After All -
Maybe there aren’t weapons of mass destruction in Iraq either?
Better do what Hank and Goldman Sachs want.
Feeling Angry? Looking For Someone to Blame? Start Here... -
Not at all the usual liberal claptrap from NPR.
You, me, pension plans, anyone with mortgage insurance, an IRA, a 401k. If the company you built (and were tossed out of) goes down, the rest of the world would be smart to write us off, cut us loose, unpeg, decouple. The counter-party risk is incalculable. The 17-year-long Japanese recession will seem tame by comparison.
The entire world hangs in the balance between a socialist point-of-no-return government bailout and a free-market solution that seems so catastrophic that even the retarded market pumpers in the mainstream media are calling for intervention. Stand by…