This economic crisis resulting in a bailout for W's blue-blood chums has all the characteristics of a Herr Karl ploy as it is too ironic not to be one of his vile plans!
It was orchestrated to impact the 2008 presidential election, just as the "Operation Iraqi Freedom" product was marched out to impact the 2002 mid-term election. The war had the ultimate insider Donald Rumsfeld push the lies and then implement the war that brought huge wealth for the top 1% of private security contractors such as Blackwater and Cheney's Halliburton and their infamous cost overruns on construction projects.
Now we have another ultimate insider, Treasury Secretary Henry Paulson, the former chief executive officer of Goldman Sachs Group having his former company to be among the biggest beneficiaries of a $700 billion US bailout. We got Paulson's four pages of instructions for the bailout, which resulted in his chums getting huge dividends and spa vacations financed by the middle- and lower-class US citizens for allowing their businesses to fail!
Democrats desperately fought against this concentration of power by Paulson and his undocumented, uncontrollable plots to aid his chums, but W pushed it through during an election season -- demanding that all obey him immediately -- which is identical to what happened during the run-up to the Iraq war.
How many people think that Karl Rove planned this? All of the polls showed that the voters figured they were being scammed again, and with so many lies being fed them, it is hard to see them thinking otherwise. A poor lost soul eloquently described the red staters' view on the matter as "My husband just got layed off the lumber mill he's worked at for 35 years after learning we lost $40,000 of our 401K...No one is buying lumber, the economy is a disaster...but there is 1/2 million dollars to provide these executives with spa vacations. Bail outs? They should be sent to prison. Who is bailing my family out?"
We have journalists. On the November 9, 2008, ABC's "This Week" show Atlanta Journal-Constitution's Cynthia Tucker said that all the problems in the financial services industry would have disappeared if only the Bush administration had bailed out individual homeowners.
We have Democrat leadership. On September 29, 2008, House Speaker Nancy Pelosi blamed Bush and Republicans for the turmoil in the financial services industry stating, "$700 billion, a staggering number, but only a part of the cost of the failed Bush economic policies to our county. Policies that were built on budget recklessness. When President Bush took office, he inherited President Clinton's surpluses -- four years in a row budget surpluses, on a trajectory of $5.6 trillion in surplus. And with his reckless economic policies, within two years, he had turned that around. And now eight years later, the foundation of that fiscal irresponsibility, combined with an anything goes economic policy has taken us to where we are today. They claim to be free market advocates when it's really an anything goes mentality. No regulation, no supervision, no discipline. And if you fail, you will have a golden parachute, and the taxpayer will bail you out. Those days are over. The party's over in that respect.
"Democrats believe in a free market. We know that it can create jobs, it can create wealth, it can create many good things in our economy. But in this case, in its unbridled form, as encouraged, supported by the Republicans, some in the Republican Party, not all, it has created not jobs, not capital. It has created chaos."
As soon as Pelosi uttered these words W's chief propagandist Herr Karl had the excuse to slander the Democrats. Rove knows the score and if they could lie us into Iraq for partisan GOP gain why couldn't they cause the present economic crisis solely for the opportunity to give Rove the opening to utter "Oh, she [Pelosi] had a huge impact on it [the bill failing]. You just ran a snippet of it. It's over five minutes of the most vicious, partisan rhetoric. This is the kind of thing you expect to hear on the floor of the House from some insignificant, partisan back-bencher. You do not expect to hear it from a leader, the Speaker of the House, whose responsibility is to try and set the bipartisan tone to get this bill passed. I was appalled by this. In a moment when leadership was required by the Speaker, she offered nothing but hyper-partisanship and it hurt a lot."
Where did he state this hypocrisy? On the TV arm of GOP misinformation "The Factor's" Bill O'Reilly show. Who could put anything past these GOP operatives? After all Herr Karl was a FOX news commentator as well as a McCain advisor, which seems to be most blatant conflict of interests imaginable, but ethical compunctions have never bothered the GOP.
In addition to giving Rove an opening to make the above lie, the GOP had another pretense ready for delivery. The GOP and McCain nonsensically pledged that Freddie Mac and Fanny Mae caused the crisis and that these entities were solely developed by the Democrats.
The GOP is all about duplicity. Karl must have read about Hitler's Big Lie concept and adopted it completely for his boy W.
The GOP likes to minimize Keith Olbermann by saying that he is too vehemently against W. W's popularity is lower than any president since Truman. Maybe Olbermann is too kind to W! And Olbermann is implying that the top 1% who are currently getting bailouts will be soon be going to jail for their criminal malfeasance. That means that W deserves the same fate as he has been in their pockets and has the same interests as these vile reprobates.
The GOP glibly spout the Bible to fool the those poor lost souls, the red-state cretins who comprise the 45% of their base who vote against their own self interests, but they willingly condone the atrocities that occur daily in Iraq.
McCain had hoped to make the election all about how "the surge" was really "Mission Accomplished!" It wasn't as the November 16th 2008 article "Sadr Threatens Attacks on U.S. Troops if Accord Passes" clearly shows! It states "Radical Shiite leader Moqtada al-Sadr threatened Friday to resume attacks on U.S. forces if they remain in Iraq, as envisioned in a draft security agreement that would allow them to stay until the end of 2011."
It is only the Shiites as the article continues, "But Ahmed al-Masoudi, a spokesman for the Sadr followers in parliament, said the fighters were ready to take up arms if the accord was signed.
Winston is an ex-Social Worker, burnt out by too much indifference regading our weak and weary who had too little interest in politics until the illegal Iraq War started.
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Bush is only a tool, a bit player, as is Obama, the real players go back a long way before Bush, and don't for one second think Democrats are any different other than them playing the "straight man" in this comedy of errors.
This has global consequences and has global planners behind it. For the full context of what we're going through Google: Emperor of the City II
This disaster goes back to 1774 in it's planning and we're at it's end-game.
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Mr M (8 articles, 0 quicklinks, 66 diaries, 2845 comments [654 recommended, 27 rejected]) on Monday, Nov 17, 2008 at 11:03:53 AM
I've been warning people in this blog about this for months. Nobody believed me. After they acquire all of the desirable assets, properties, and stocks, (for pennies on the dollar) they will have printed so much money that our dollar will have to be severely devalued or demonetized altogether.
THE PENNIES THAT THEY GAVE YOU WILL BE WORTHLESS.
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Matthew Peters (0 articles, 0 quicklinks, 2 diaries, 171 comments [4 recommended, 0 rejected]) on Monday, Nov 17, 2008 at 12:13:07 PM
In addition to the sweet exclusive contracts, the Corporations needed cheap labor to better compete Internationally, incessantly driven to expand market, profits. To get cheap labor they manipulated the supply and demand curve of available workers by maintaining an open immigration policy. Furthermore, they outsourced American jobs while adding 150 million to the labor pool. The curve collapsed, to 7.00/hr., The American Consumer is DOA. $2,000/mo. mortgages are unsustainable. Home Prices Collapse. 401k' are disappearing and GW is moving to Paraguay. Where he will begin the American Monopoly over drug production. Life is sweeet.
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kato krause (2 articles, 0 quicklinks, 3 diaries, 216 comments [1 recommended, 0 rejected]) on Monday, Nov 17, 2008 at 3:07:36 PM
After reading this I am beginning to see that President Bush is an enigma to a lot of people. Some say he is the dumbest puppet president we ever have had and then there are others say he has concocted some of the most intricate and diabolical plans known to man - attacks on his own country, starting wars that he somehow convinced a totally unwitting Democrats to support in Congress, and now engineered the financial collapse of the housing market which is on the verge of starting a depression. Which is he? He can't be both can he? Or maybe he can because he is sooooo smart.
What are all these Bush haters going to do in 2 months? Their lives will be so empty after hating Bush non-stop 24/7 for 8 years. Are support groups the answer for them?
Sure, for 6 months or a year, after Bush leaves office they can continue to endlessly and breathlessly blame him and the evil Karl for everything that happens from hurricanes to hang nails, but it won't be the same since the Big Guy will be in Texas wearing his boots and hat, branding and castrating calves each spring instead of doing all this heavy duty plotting and manipulating.
And it looks like some of adults in the Democratic Party are saying to the non-stop haters, Daily Kos folks, and the Move-on rich dudes, that after January it is over, we have humored you long enough, you have had your childish fun, and it is now time that you grow up and get a life.
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Mad Jayhawk (3 articles, 0 quicklinks, 2 diaries, 652 comments [56 recommended, 3 rejected]) on Tuesday, Nov 18, 2008 at 3:59:27 PM
It was planned by those who control most members of both
major parties. For more on how they both acted to devalue real estate and cover up for widespread fraud being committed by bankers while millions of Americans lost their homes, see If I were a Terrorist and Senate Bailout a.k.a. Bank Robbery Bill and don't miss the first comment to this article which explains how those with connections get away with these crimes.
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Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Tuesday, Nov 18, 2008 at 11:13:17 PM
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