Send a Tweet
Most Popular Choices
Share on Facebook 2 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds   

Fundamentals Of The Economy Are Solid...Remember?

By       (Page 1 of 3 pages) (View How Many People Read This)   1 comment
Author 5980
Message Rand Clifford
Become a Fan
  (13 fans)

Fundamentals Of The Economy Are Solid...Remember?




Rand Clifford


September, 2008, a month that will live in infamy. A month where official purring about our economy’s solid fundamentals have erupted into official bayings about economic collapse. Financial markets are suddenly so choked with "toxic debt" that only a hasty trillion-dollar taxpayer Heimlich Maneuver "might" get credit flowing again.

Taxpayers just bled about $300 billion into the maw of the "the mess", bailing out Fannie Mae and Freddie Mac, American International Group...and at week’s end the FDIC seized "The Friend of the Family", Washington Mutual (largest failure ever of a U.S. bank). All just drops in the bucket. But now, our Corporate Government wants to get it right with $700 billion more. Does the bucket even have a bottom?

Our budding High Priestess of Christian Fascism, Sarah Palin, told Katie Couric, anchor of CBS Evening News, that Senator John McCain would take the lead in reforming Wall Street—"...or we’ll find ourselves in another Great Depression." Of course Palin’s chief expertise is in international affairs (she HAS lived for years just across the Bering Strait from Russia), so she glazed over when asked for examples of how McCain would reform the banking industry—but rallied with, "I’ll try to find some and I’ll bring them to you." This was on Wednesday, an interview virtually ignored by mainstream corporate media because Palin came across so crudely like Sarah Palin, and it’s time to work even harder at hiding her.

After Congress proved what a very large problem we have by working right through weekend of the 20th and 21st on The Bailout, the week of headlines, and quotes in addition to Palin’s drove a lot of ink, if nothing else.

Some of last weeks choice headlines (reproduced as printed):

Monday...Capitol Hill wants limits Draft bill targets CEO salaries



Wednesday...Bailout proposal runs into outrage Cheney, others find bipartisan resistance

Thursday...Bush makes case for bailout President warns of "financial panic"

Next Page  1  |  2  |  3


Rate It | View Ratings

Rand Clifford Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Rand Clifford lives in Spokane, Washington. His novels and earlier essays can be found at
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Bull

Hemp, The Great Green Hope

Hemp, and Empire

See No Hemp, Hear No Hemp, Speak No Hemp, Part I

From Reptiles to Humans: A Three Brain Odyssey

Apathy, Conspiracy's Best Friend

To View Comments or Join the Conversation: