NAOMI KLEIN ACCURATELY CALLS THE SO-CALLED BANK BAILOUT UNDER George W. Bush WHAT IT IS—TRILLION DOLLAR ROBBERY OF U.S.A. TAX PAYERS—so, where is PAUL KRUGMAN??? and a Sherriff
By Kevin Stoda
Dear Dr. Paul Krugman, Nobel Prize Laureate,
Please save America from the worst of what the Bush Administration has been doing to America this November. He has failed to provide the legally required oversight for the trillion dollar bailouts America is undertaking this autumn.
Naomi Klein has been out running around North America trying to create awareness of the multi-trillion dollar robbery from U.S. tax payers in the so-called bailout passed by Congress in October—i.e. a bailout that is looking daily more expensive than nationalization would have ever been in terms of cost.
We need the Nobel laureate, like you Dr. Krugman, to stand up and travel around all the news programs this Thanksgiving week shouting “Highway Robbery”—i.e.until all Americans stand up and get the Lame Duck Congress to get the long promised (6 weeks ago) new financial oversight committee monitoring the most expensive (runaway) federal bailout in U.S. and global history.
I’m sorry to take away from your family time at Thanksgiving, but this transition from Bush to Obama is going to become the most costly in American history, too, if we don’t get our teeth (and monitoring) into the poor excuse for banking personnel who have continued to pay bonuses and dividends galore with tax-payer moneys since October.
Let me explain.
In Naomi Klein’s well-written recent article, “In Praise of a Rocky Transition”, the well-known economic critical has appropriately called the October Bailout “borderline criminal”.
http://www.thenation.com/doc/20081201/klein
Please, Dr. Krugman, I know you run a great blog and column and all in The New York Times, but we Americans need more leadership than that at this moment in history. We need someone like you who can cut through all the ho--- s--- that the Treasury and Washington have been tossing our way for weeks.
http://krugman.blogs.nytimes.com/
Please, join Naomi Klein on the national interview circuit and save the country before Bush and the head of the Treasury spend our great-grandchildren further into debt!
BORDERLINE CRIMINAL BUSHITES—still & WHO WILL STOP THEM!??
Naomi Klein ended one recent interview by stating, “[T]his bailout is really not a bailout at all; it’s a parting gift to the people that the Bush—that George Bush once referred to jokingly as “my base.” You know, in one of my columns recently, I likened it to what European colonial rulers used to do when they finally realized they had to hand over power; they would loot the treasury on the way out the door.”
Klein, author of THE SHOCK DOCTRINE: THE RISE OF THE SHOCK DOCTRINE, added, “[T]he reason why there has been this dramatic change in policy just in recent days, where Henry Paulson has said, ‘OK, well, we’re not going to do what we originally had said at all,’ which is use the bailout money to buy distressed assets, to buy bad debts, ‘Now we’re going to go from these equity deals with the banks to bailing out credit card companies”—the reason for that is that that first $250 billion was essentially money down the drain. They are admitting that it didn’t do what it was supposed to do, which was increase lending. So, now they’re making it up as they go along. It’s take three, take four, take five. But we’re supposed to somehow not notice that $250 billion, an astronomical sum, was just wasted, going to bonuses, going to shareholder payouts, going to CEO salaries. And now they’re trying another method to get lending going. But it really was the parting gift . . .’”
