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Wednesday, October 1, 2008

Congress / Kotz / Politics Conservative Hypocrisy and the Financial Bailout Plan

Posted by Pete Kotz on Wed, Oct 1, 2008 at 12:29 PM

click to enlarge Marsha_20Blackburn_20with_20charts.jpg
Marsha Blackburn, Noble Defender of the Treasury If there’s been a lighter moment to the world’s financial melt down, it’s resided in watching Congress’ caveman faction trying to maintain its cred as fiscal watchdogs. After bagging the bailout bill, you could see them nailing themselves to crosses all over cable TV, comically over-acting their roles as Noble Defenders of the Treasury, Arch Enemies of Government Intrusion in the Vaunted Markets. We even saw those scholarly gentlemen from Texas raising the specter of “socialism,” as if they’d been hermetically sealed since 1953. Surely there are legitimate reasons to hate the bailout. The slithering class on Wall Street is being rescued by you and your broke neighbors. The final bill will have holes large enough to navigate an ore boat through. And Democrats like Barney Frank are saying that we might even make a few bucks when all is said and done. Have another bong hit, Barney. But the funniest performance has come from strident conservatives. They’re prancing with mock horror on Larry King and Fox, aghast that taxpayer money is being funneled to Wall Street losers. As my colleague Mr. Woods likes to say, this stance would be commendable if the hard right actually walked it like it talked it (though he would say it with a lot more expletives). But these are the same guys who’ve run up a $460 billion deficit. The same guys who routinely back the farm bill, much of it welfare for millionaire ag men. You don’t see Marsha Blackburn railing against the huge “socialist” welfare packages given to automakers in Tennessee. Nor do you see her ilk yapping against sports stadiums, corporate “research” gifts, protectionist tariffs, and all the other candy Congress doles to its biggest contributors. These people have given away so much money, they’ll likely be reincarnated as turnstiles. Think of it as a so-bad-it’s-good reality show, where the director casts former beauty queens and high school class presidents, puts them all together in one city, and allows them to blow up on their own initiative for the pleasure of the viewing audience.

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we have listened to the various senators and representitives tell us
about the finanacial crisis.
how many local taxpayers will benefit???
how many home mortgages will be saved????
the answer is none.
what will happen? well if you want a loan, you will be expected to pay for it.
if you are selling the loan, you will be expected to act honestly.
Gee Whiz!!! isn't that the way it used to work.
Don't bail out the thieves.
let the rats fail period
business will continue as usual without them
we don't have to reward the rats
this so called bailout will enslave you, your children, and your grandchildren.
this is about greedy rats trying to sap the lifeblood of this country.
if this bill passes nobody will have money to do anything.
we will all owe the government and be able to do nothing else
and a few wellheeled bums will be bathing on the beaches of Brazil

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Posted by john r frazier on October 1, 2008 at 10:05 PM
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