“The biggest help we can give the American people is to stabilize our financial system right now and to prevent the system from clogging up, because if it does clog up, this is going to have an adverse effect on people’s abilities to get jobs, on their budgets, on their retirement savings, on lending for small businesses,” Paulson said on ABC’s “This Week with George Stephanopoulos.”
The head of the Treasury made the rounds on the morning talk shows to sell the Bush administration’s plan to the American public, but he stated on “Fox News Sunday”: “I hate the fact that we have to do it.”
[To get a handle on what is really going on, go to http://www.michael-hudson.com/ It's a long piece, but informative, from a financial expert but not, evidently, a bought one.]
Paulson: ‘We need this to be clean and quick’
Words which would apply to any bank robbery or swindle, the cleaner and quicker, the better. And this, to be sure is a major league heist, the biggest swindle in a country of big swindles. Reading between the not-so-vague lines of the proposal of the Bush administration, as others have swiftly noted, is basically a governmental-no-Congressional-or-Judicial-oversight commandeering of most the US economy. Welcome to the USSofA, where Commissar Paulson and Comrade Bush, or is it der Fuhrer and his minions, decide what sells to whom for how much under what terms. The terms, as proposed, do not include taking the captains of capitalism’s golden parachutes, bonuses, perks, tax-exemptions, etc. away from them. Ohhh that would hurt so bad. Nope, it means dipping deep into JQ’s pocket for the next umpteen years and pickpocketing in broad daylight, of course, all for your own good. Nanny Guv (remember that former Bogey-girl?) knows best, so following the shriveling coinage of the land, “In God We Trust” cuz trusting the Bush clan to do anything but fuck you badly is an error which all but a hard-core 30% of the hyper-rich and the hyper-dumb have already learned.
However, since we deal with cinema here, we all know the plot-line of almost any bank robbery scenario is the well-laid plan that invariably follows the Robert Burns axiom: if it’s possible to fuckitup, it’ll get fugged up. So on Friday, to delirious reviews (+370 from the critics at the DOW), the show opened with its first scene. The weekend BO was mixed, with some non MSM critics carping about certain aspects, raising some caveats about certain plot line potentials, and some far-out left (and right) critics pointing out that this amounted to little more than fascism. Oh well, in a free country people get to think whatever weird thoughts they want (as long as they keep their fkn mouths shut down at the “free speech zone.”) Said one Senator of considerable rightist tendency, “As of now the free market in America is dead.”
As if there’d ever been such a thing, but now the wraps are off and everyone is informed that the function of America is to keep Wall Street paved with gold, and tough shit if you can’t cover the mortgage (see in that word is a sneaky little French one which means “death”), or the rent, go fkn eat cake. Not that you weren’t long ago informed of this:
The business of America is business. Calvin Coolidge
(or go see the quotes from Tocqueville to be found at the end of my item at http://www.jonjost.wordpress.com)
Out in the market is a book titled Shock Doctrine: The Rise of Disaster Capitalism which would seem to cover this current little bit of the massive shell-game which is Bushism.
Whatever, if Monday brings a boost or a crash in the “market” it really probably doesn’t matter much since if there is no crash, it is simply staving off the inevitable. They can print money as fast as they can, but it won’t paper over the real problem, only temporarily hide it while the worst perpetrators run off with as much as they can, and tamp down public anger. More Prozac! More Ludes ! More American Idol ! More baseball (play-offs & Series coming up) ! More football !
Oh yeah, and there’s going to be an election I recall. Obama apparently talks daily to Paulson. Not a good sign.