"Obama's An Idiot" is where my political bitches now live. Go ye thereto and read.

Friday, October 10, 2008

No More Of The Same!!! We Need Change!!!

Why the bailout isn't working

Just a couple of weeks ago, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke asked Congress to approve a $700 billion rescue of the banking industry. Without this sudden, massive infusion of federal cash, we were told, economic disaster loomed. Prompt approval, on the other hand, would assure the solvency of the financial sector, thaw frozen credit flows, and give investors a badly needed dose of confidence.

In the end, Congress approved the package—seeing as how the alternative was rising unemployment, a plunging stock market, and corporations unable to borrow to cover their short-term obligations. Now, with the bailout proceeding according to plan, Americans are confronted with...rising unemployment, a plunging stock market, and corporations unable to borrow to cover their short-term obligations.
So then, other than getting some pork barrel items approved which were tacked onto it, tell me again what this bill accomplished?

The American Thinker has gone and detailed things here:
This emergency was brought about by government interference and influence and manipulated for political ends by the lawless opportunists that inhabit congress. It will accomplish four things:

(1) Distract the voter from the reality of a Democrat-controlled congress so bumbling and corrupt its approval ratings are in the single digits.

(2) Save failing Democrat-run mortgage companies Freddie Mac and Fannie Mae and avert, for a time, their disastrous influence on the economy and Democrat party image.

(3) Confuse the electorate into blaming the Republicans, who have called for oversight for decades, only to have it blocked by Democrats.

(4) Set up Obama to play the reformer, which he is decidedly not, as he is neck-deep in Fannie Mae and Freddie Mac money and complicit in moving federal money to leftist "philanthropic" front groups in Illinois such as the failed Annenberg Challenge.
What a fucking racket.

My asshole is like, ON FIRE, dude! Stretched, torn, blistered. I wish those fucking demo-socialists would at least show enough common courtesy to pick up a jar of Vaseline on the way to vote next time.



Anonymous said...

We ain't seen nothing yet. Wait til they get the oval office and control the legislative branch as well. Then it'll be "strange times" for sure.

curmudgeon said...

That's what I'm afraid of.