America: Leading the way again

by lestro

Seems like for so long now, the rest of the world has looked down its nose and disregarded the US.

It’s probably been only about five or six years, but it feels longer.

Anyway, today we get another sign that the rest of the world may again start taking its cues from the US.

Just one day after President Obama attacked Wall Street for giving out huge bonuses to the people who drove their companies into the ground after taking bailout money from the government and then he set caps on the salaries (still more than 10 times the national average salary) for people in firms getting our money, other world leaders are jumping on the bandwagon as well:

President Nicolas Sarkozy blistered financial traders and ruled out bonuses for managers of banks bailed out by state funds as he sought Thursday to reassure a nation still jittery following nationwide strikes sparked by the global economic crisis….

Sarkozy sternly announced that there would be no bonuses in 2009 at banks that had received state aid. He also said he would consider a cap on salaries for top managers of companies that received public funds but was skeptical about making it a hard-fast rule.

Why did he do it?

He called on a joint European response to the crisis, which he said he had discussed in a recent telephone conversation with President Barack Obama.

”I told him that I feel an ally of the United States, but one country cannot lead the world.”

I’ll admit it: it’s nice to be the Top Dog again.

Through the looking glass

by lestro

Nothing makes sense.

See if you can find anything in this pile of crap that makes any logical sense at all (aside, of course, from Johnny Mac not talking to the press. That actually makes perfect sense):

Later, his campaign’s senior policy adviser Doug Holtz-Eakin issued a statement blaming Democrats and presidential rival Sen. Barack Obama (D-Ill.) for the bill’s defeat.

“From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others,” Holtz-Eakin said. “Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.”

The adviser also blamed remarks delivered by House Speaker Nancy Pelosi, chastising President Bush’s free market economic policies, for pushing Republicans away from the bill.

Actually, it was President Bush’s free market economic policies that got us into it and it was the bailout itself and the total lack oversight that drove the Republicans away from it.  It is the continuing adherence to free market policies that prevented the Republicans from voting for it…

“Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill,” Holtz-Eakin said. “Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome. This bill failed because Barack Obama and the Democrats put politics ahead of country.”

So they had a deal until Mac showed up, then it fell apart. And on Saturday, he literally phoned it in, which his advisers told the press was the right move.

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We don’t need no water

by lestro

I’m just not buying it.

Sorry, but I am not buying that the only way to “save the economy” is with a $700 billion bailout package that has to be passed NOW! NOW! NOW!

Admittedly, I am not an economist. But there has to be a better way to right the ship than charging every American taxpayer $5000 to make sure George Bush’s Trust Fund buddies get their golden parachutes.

According to the 2007 IRS FactBook, there were 138,894,000 income taxes filed last year. $700 billion divided by 138 million actually equals $5039.81 per taxpayer. $700 billion divided by estimated US population of 305 million equals $2295.08 per every single person in the country.

Over the past two days I have been watching Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke do their best to frighten Congress into passing a bailout package before anyone has a chance to see what’s in it.

Watching some of their “The Sky is Falling” testimony made me think of the run-up to the Iraq war, only this time, the “mushroom cloud” has been replaced with the ridiculous notion that our entire economic system will collapse in on itself.

Paulson and Bernanke’s sweaty brows and bulging eyes as they sit in the hot lights before Congress bear more than a passing resemblance to all those equally bug-eyed administration mouthpieces who told us over and over that not only did Saddam Hussein have weapons of mass destruction, he was getting ready to use them against us.

Even the President’s address the other night was reminiscent of when he went on the air in 2003 to explain to the American people why we had to invade Iraq.

This is an administration that has not only tried to use FEAR! to scare the Congress into giving away our rights, but also has led us into a war on false pretenses. Now, they are using the same tactics to try and get Congress to pass a $700 billion bailout package that most everyone, except the Bush administration, seems to think is fatally flawed.

It’s despicable, but I wish I could say it is surprising.

Just look at this quote yesterday from Johnny Mac:

The meeting with Mr. Bush on Thursday was precipitated by a call from Mr. McCain, who cast his request as a matter of urgent national priority. “Following Sept. 11, our national leaders came together at a time of crisis,” he told a small group of reporters, while reading the brief statement from a teleprompter, in a small ballroom at the New York Hilton Hotel. “We must show that kind of patriotism now.”

Sayfuckingwhat? Did he just use 9/11 to try and scare us into passing this horrible bailout package? You fucking scumbag.

Something does not add up. Maybe the reason John McCain needs to suspend his campaign is because his millionaire wife and their buddies are finally losing money so NOW it’s time to do something about the economy.

(And by the way, why is it so fucking important that John McCain, a guy who has admitted he does not know shit about the economy, so goddamn important to the process that he has to suspend the democratic process for a few days and rush back to Washington to be in on the negotiations?)

One can’t help but wonder if the Administration That Cries Wolf is once again trying to sneak something past the American people. Forgive me if I can’t help but think all the big noise they’re making is because they know this is their last chance to bilk the taxpayer and make their buddies rich and they are afraid if they don’t scare us into thinking that we don’t even have time to read the bailout package we might realize they are just the same bunch of lying screwheads they always were.

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