BAD MORTGAGES ... TOO BAD!
It’s time to reach for your trusty governmental failure scorecard. Hank Paulson over at Treasury says the feds aren’t going to be using bailout money to buy troubled mortgages. They’d rather fatten up their friends at the big banks. Christmas bonuses are right around the corner you know.
Excuse me? Didn’t we endure a classic Bush administration sales pitch, in which we were warned of doom and gloom if we didn’t act fast? And, I mean overnight fast. Didn’t dozens upon dozens of doormat Democrats rise to the occasion and support the scam? Don’t you feel had?
I don’t. I was against it from the start. I’ll be glad to proceed, but you first must check any nonsensical partisanship at the door. This isn’t a Democrat or Republican thing. Wall Street’s water carriers come in red and blue.
Whom to blame? Whom to blame? I’d address the American people as ladies and gentlemen, but somehow suckers and bigger suckers seems more appropriate. After all, you were warned.
FAB 4
Everyone loves to laugh at Dennis Kucinich and Ron Paul. Warnings from Dan Burton and Marcy Kaptur went ignored. Among a dedicated few were these two Democrats and two Republicans alerting American suckers everywhere: DON’T GIVE 700-BILLION DOLLARS TO ONE PERSON UNCHECKED!
No, no … our other patsy Congressional salesmen assured us … the money is urgently needed, if we are to avoid financial ruin. It will free up the credit markets. When the thoughtful questioned the sanity of allocating 700-billion to one man for the expressed purpose of buying up bad mortgages … fast talkers told us that we’d get a huge return on our investment or at least close to our money back. Ha!
It would be easy to equate the sales job done on this bailout fiasco to the one done during the run-up to the Iraq war. Every rationale under the sun was given to explain the need for military action in Iraq. We heard about weapons of mass destruction, freeing the oppressed from an evil regime, and the potential perils to the world economy caused by a crazy man controlling so much oil.
SHARK!
I like to think back to the old Saturday Night Live skit in which a shark knocks at the door. Our toothy friend says anything and everything to get the person on the other side to open up. And, then in an hilariously horrific moment, the door is opened and the shark is the one opening up, if you know what I mean.
How does it feel to become shark food? Whom to blame? Whom to blame?
The entire House of Representatives was on the ballot a week ago Tuesday. I can think of 263 members who should’ve been sent packing. A good number of these folks are the same ones who whine about the president’s overreaching war, even though they passed what at the time they called “good faith” legislation to allow him to take the necessary actions in regards to Iraq.
Talk about completely shirking one’s responsibility. Do they not take an oath? Have they no understanding of their role? It’s certainly not to yield to whatever confronts them. If more than half of our representatives are so impotent, can someone tell me why the hell they’re in Washington. Are they simply there for picture day?
Good legislation isn’t built on blind trust. You’d have thought even the dumbest members of Congress would’ve learned that by now.
Most school children discover early on … you’d better read the books you’re assigned. Guesswork won’t get you very far, except in Congress, where it’s safe to say that very few actually read the stuff on which they vote.
Ultimately, the American people are proved the stupid ones … choosing to be snowed by liars, cheats, and thieves. People who are essentially saying trust me, even though they’ve done exactly the opposite of earning your trust … again and again.
Over the years, there have been cases of volunteer firefighters who’ve become arsonists on the side, to guarantee themselves continued work. It seems to me Hank Paulson’s friends burned our houses down, then he promised to help rebuild, took our money, is giving it to them, and is now getting ready to walk away. Nice job.
It’s a shame you’ll have to wait two years to have your say. The club of 263 is betting you’ll forget by then. President Bush will be back in Crawford clearing brush. Goodwill aside, most will have forgotten that our president-elect also voted for the 700-billion-dollar boondoggle.
Welcome to transition’s version of “Change You Can Believe In.” It’s kind of like the change on the dollar that’s left in your 401-K, while the titans of corporate America get fancy spa treatments and blissfully float back to their 40-room mansions on beautiful golden parachutes.
What’s on TV tonight? Should be one of these …
Tags: bad mortgages, bailout, Barack Obama, Congress, Dan Burton, Dennis Kucinich, Henry Paulson, Marcy Kaptur, politics, President Bush, Ron Paul
