Bush prepares to leave office . . . with your $350 billion
In a predictable and all too transparent move, BushCo has declared its intention to request the remaining $350 billion in TARP funds to line his pockets and those of his corrupt crony banker friends ensure that the money is immediately available upon Obailouts ascent to the throne on 1/20. Like you, I see absolutely nothing improper about a president whose remaining days in office number in the single digits, defying the wishes of the House and Senate in order to get his hands on $350 billion in shadowy funds whose oversight is limited to financial sector insiders.
Nor am I the least bit skeptical that, by turning this money over to an incoming president who has not hesitated to remind us of the cataclysmic consequences of not spending trillions within days of taking the oath, any of it will fail to be accounted for or (mis)spent without the best interests of the American people in mind. Nope, this is definitely on the up and up. I mean, when have we deliberately set about instilling fear - Mushroom Cloud- in the hearts of the -Yellow Cake - American people - This Sucker Could Go Down - in order to enact policies - Chemical Weapons - that later turned out to be foolhardy?
Economic fear mongering plays absolutely no part whatsoever in the Obama administration's plan to loot jumpstart this country's shattered economy. Any suggestions to the contrary are cynical and counterproductive. Given the nature of the catastrophic, end of days, armageddon-like daunting task that awaits us, I would hope that everyone just shuts the fuck up, supresses their worst suspicions and doubts and gets on board the Obama Infrastructure Express - destination: Recoveryville! Hastily borrowing and spending trillions of dollars surely won't come back to bite us in the ass in the form of rampant inflation and astronomical deficits. Just remember . . .
“It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe,” he plans to say. “Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.”
And only government can screw the pooch so badly as to unleash a toxic, speculative debt-fueled virus that threatens the very stability and integrity of the global financial order. Yes, only government bureaucrats could insist that lending trillions of dollars to already highly leveraged consumers to purchase overpriced homes was a sound business practice that should be encouraged. Long live the Ownership Society!
