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Topics - Brassmask

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61
3DHS / Let It Burn
« on: September 30, 2008, 02:21:16 PM »
So, the crisis that was so horrible and demanded that Hank Paulson be handed a check for nearly a Trillion dollars has no devolved into yet another shell game of "Whose fault is it?"

Usually, when I hear somebody mention "socialism" as a put down and in a negative light when describing some kind of resolution to a problem, my kneejerk reaction is "Bring it on!"  That was my reaction to this situation at first.  As time has passed and the republicans have sort of shied away from the bailout (and that is what it is on the surface, more in depth it is appearing more and more to be just a HANDout) and more democrats have not gone along with the leadership, I've become more solid in my position that no money should be handed to anyone who is on Wall Street.

For all the specifics that are being demanded in the bill, the specifics on who is getting part of the handout are vague.  More horribly, once again the "administration" has demanded that congress with one specific action to a situation that the "administration" has labeled a "crisis" and congress is now engrossed in a debate about the specifics and the manner of how their specific reaction (dictated by the "administration") should be carried out but NOT ONCE has it seriously debated on whether said action should be taken AT ALL.

"The Market" tried to rattle some cages yesterday by selling off a lot and making the market drop as if that changed the price of my gas or made my check shorter or got my kid to school later somehow.  The Market crashing would have ZERO EFFECT on those who are already hurting or strapped or out of work or living paycheck to paycheck without hope of saving a dime for retirement or who have already had their houses foreclosed on.

For the last 20 years or so, The American Dream has been mainly that for many people.  It is a fantasy that many Americans play at.  What I mean is that Dream of a 3 bedroom house, a car, a yard, 2.5 kids, a yearly vacation, education for the kids, a good christmas has been not a dream that is attained, held and cherished.  Rather, it has been a constant struggle and a ruse that most Americans only achieve a rationalized, slightly shabby version of.

Like teams of performers spinning plates on a canes, darting frenetically from stage left to stage right, jiggling this cane and that, constantly staring up and trying to catch each plate before it slips off its cane and causes the whole thing to crash to the floor, Americans have been frenetically darting from job to job, jockeying for position, learning nothing, faking it till they make it, carting kids from soccer practice to peewee football to whatever other activity the kids disdain in order to appear to be the Cleavers.

It is time to pull the curtain back and reveal the tricks and cut the smoke machines and let the cards fall where they may.  And if it takes letting everything burn, then let it all burn.

62
3DHS / Wow, what a horrible day for McCain, the Right
« on: September 29, 2008, 09:18:43 PM »
McCain's been claiming leadership for 48 hours and the house Republicans betray him.

http://thinkprogress.org/2008/09/29/bailout-mccain/

House Republicans vote against bill because Pelosi hurt their wittle feewings.

http://www.crooksandliars.com/2008/09/29/shorter-house-gop-we-killed-the-bailout-bill-because-pelosi-hurt-our-feelings/

But then she didn't say ANYTHING that could even be construed as insulting or demeaning to the GOP.  Even ED ROLLINS couldn't find it!

http://thepage.time.com/rep-pelosis-remarks-on-floor-ahead-of-house-bailout-vote/


Sarah Palin does an interview with Katie Couric and sounds like a babbling nutjob, then Tina Fey goes on SNL and does a bit re-creating it and USES PALIN'S OWN WORDS NEARLY EXACTLY and the audience roars with laughter thinking it was a bit.  Crazy!

http://ap.google.com/article/ALeqM5gZTNE_sDWEiDRuzDxQxUXxLuLkmAD93FRGQ00


http://latimesblogs.latimes.com/thedishrag/2008/09/post-5.html

63
3DHS / Um, just curious, why doesn't McCain support the troops?
« on: September 27, 2008, 03:19:41 AM »
Why does he hate America?  What's wrong with his lapel?

http://static.crooksandliars.com/2008/09/flagpin_0.jpg

64
3DHS / What will it take to get through to you people?
« on: September 27, 2008, 03:02:13 AM »

65
3DHS / Boat Anchorism Coming on Hard
« on: September 26, 2008, 08:16:23 PM »
I just got the date wrong. 

She'll be gone OCTOBER 12TH, not September 12th.  My bad.


66
3DHS / NYT: McCain's Gambit Becomes Obama's Big Break
« on: September 26, 2008, 03:24:12 PM »
Epic FAIL.

September 26, 2008
News Analysis
McCain Leaps Into a Thicket
By ADAM NAGOURNEY and ELISABETH BUMILLER
Senator John McCain had intended to ride back into Washington on Thursday as a leader who had put aside presidential politics to help broker a solution to the financial crisis. Instead he found himself in the midst of a remarkable partisan showdown, lacking a clear public message for how to bring it to an end.

At the bipartisan White House meeting that Mr. McCain had called for a day earlier, he sat silently for more than 40 minutes, more observer than leader, and then offered only a vague sense of where he stood, said people in the meeting.

In subsequent television interviews, Mr. McCain suggested that he saw the bipartisan plan that came apart at the White House meeting as the proper basis for an eventual agreement, but he did not tip his hand as to whether he would give any support to the alternative put on the table by angry House Republicans, with whom he had met before going to the White House.

He said he was hopeful that a deal could be struck quickly and that he could then show up for his scheduled debate on Friday night against his Democratic rival in the presidential race, Senator Barack Obama. But there was no evidence that he was playing a major role in the frantic efforts on Capitol Hill to put a deal back together again.

On the second floor of the Capitol on Thursday night, Senator Lindsey Graham, Republican of South Carolina and one of Mr. McCain’s closest confidants, complained to a throng of reporters that Democrats were using Mr. McCain as a scapegoat for the failure of the rescue package. But Mr. Graham was met with a barrage of questions on why Mr. McCain never explicitly said he favored the bailout proposal.

The situation was evolving so rapidly that it was all but impossible to judge the political implications; with the government under intense pressure to avoid another breach in confidence in the global financial markets, it was possible that a deal could be struck without further reshaping the campaign and that Mr. McCain could still be able to claim a role in a positive outcome.

Still, as a matter of political appearances, the day’s events succeeded most of all in raising questions about precisely why Mr. McCain had called for postponing the first debate and returned to Washington to focus on the bailout plan, and what his own views were about what should be done. Those political appearances are a key consideration for Mr. McCain less than six weeks from Election Day and at a time when some polls suggest he is losing ground against Mr. Obama, especially on handling the economy.

The substance of the financial crisis aside, it was already proving a tough stretch for Mr. McCain. Gov. Sarah Palin of Alaska, his running mate, struggled through questions about her foreign policy credentials during an interview with CBS News. Mr. McCain was lampooned on television by David Letterman.

Mr. Obama might not have fared much better. He had come to Washington only reluctantly, opening himself to criticism by Republicans that he was putting his election bid ahead of the need to resolve the Wall Street crisis, and prompting concern among Democrats that his reaction to the events was simply too measured, considering the stakes.

Still, by nightfall, the day provided the younger and less experienced Mr. Obama an opportunity to, in effect, shift roles with Mr. McCain. For a moment, at least, it was Mr. Obama presenting himself as the old hand at consensus building, and as the real face of bipartisan politics.

“What I’ve found, and I think it was confirmed today, is that when you inject presidential politics into delicate negotiations, it’s not necessarily as helpful as it needs to be,” Mr. Obama told reporters Thursday evening. “Just because there is a lot of glare of the spotlight, there’s the potential for posturing or suspicions.”

“When you’re not worrying about who’s getting credit, or who’s getting blamed, then things tend to move forward a little more constructively,” he said.

At the very least, Mr. McCain’s actions have shaken up the campaign and the negotiations over the bailout package. It has put him at center stage, permitted him to present himself as putting his country ahead of his campaign — a recurring theme of his candidacy — and put him on deck to, if not help orchestrate a deal, at least be associated with one.

But Mr. McCain is certainly seeing the risks of making such a direct intervention. He now finds himself in the middle of an ideological war that pits conservative Republicans, loath to spending so much taxpayer money on Wall Street, against the Bush White House, which, with the support of Democrats and a sizable number of Republicans, sees a bailout package as essential to averting a potential economic disaster.

While there is no doubt a middle ground, at the moment Mr. McCain finds himself between conservatives that he needs to keep on his side for the election, a group that while long wary of him had rallied to his side after his choice of Ms. Palin as his running mate, or being identified with the failure to complete a plan.

Mr. McCain’s actions have put into doubt what was shaping up as a critical moment in the campaign: the first presidential debate, scheduled for Friday night in Mississippi. In suspending his campaign, Mr. McCain declared that he would not attend the debate unless a deal was worked out. That threat drew considerable criticism on Thursday, from Mr. Obama’s camp, as well as newspaper editorial boards. And as the day went on, Mr. McCain dropped a hint that the ultimatum was not as ironclad as he once said it was.

The debate on Friday night would appear to play to Mr. McCain’s strengths: Its subject, by the agreement of the two campaigns and the debate commission, is supposed to be national security and foreign affairs. But the debate’s moderator, Jim Lehrer, said Thursday that he did not feel constrained to stick to those two topics, considering what has been going on in the country the past two weeks.

“I am not restrained from asking questions about the financial crisis,” Mr. Lehrer said in an e-mail message. “Stay tuned!”

One way or another, it could be in Mr. McCain’s interest to get this issue behind him. A New York Times/CBS News poll released Thursday found new evidence that the deteriorating economic environment was helping Mr. Obama. Voters who said the economy was the key issue for them were far more likely to support Mr. Obama. And 64 percent of voters expressed confidence in Mr. Obama’s ability to make the right decision on the economy, compared with 55 percent who said they were confident in Mr. McCain’s ability, according to the poll.

In a finding suggesting the difficult terrain Mr. McCain needs to navigate as Congress considers the Wall Street bailout 52 percent of respondents said Mr. McCain cares more about protecting the interests of large corporations, compared with 32 percent who said that he cared most about protecting the interests of ordinary people. By contrast, 16 percent of respondents said that Mr. Obama was more concerned with protecting the interests of large corporations, compared with 70 percent said he was more concerned about ordinary people.

The survey found that Mr. Obama was supported by 47 percent of registered voters, compared with 42 percent for Mr. McCain; essentially the same as a Times/CBS News poll found last week, when Mr. Obama had 48 percent compared with 43 percent for Mr. McCain. The poll, of 936 adults, of whom 844 are registered voters, was taken from Sunday through Wednesday.

Mr. McCain and Mr. Obama both left the tense hourlong session at the White House through side doors, to avoid waiting reporters. Mr. McCain did a round of interviews timed on the network evening news, using the opportunity to say again and again that he understood the severity of the crisis and believed it would be resolved.

“Again, I hate to be so repetitious — I am confident we’ll reach an agreement,” he told ABC News. “We have to.”

Megan Thee contributed reporting.

http://www.nytimes.com/2008/09/26/us/politics/26campaign.html?_r=3&oref=slogin&ref=politics&pagewanted=print

67
3DHS / Ok, it is time for those on the right to get serious
« on: September 25, 2008, 03:43:44 PM »
Anyone who watches this bit of tape of Couric's interview of Palin has got to admit, she's unprepared.

Quote
http://thinkprogress.org/2008/09/25/palin-bailout-healthcare/

Palin: ‘What The Bailout Does Is Help Those Who Are Concerned About Health Care Reform’»
This morning on the CBS Early Show, Katie Couric previewed the second half of her interview with Gov. Sarah Palin (R-AK). During the interview, Couric asked Palin why she believes the Wall Street bailout is needed.

Palin responded incoherently by claiming that the bailout would “help those who are concerned about health care reform.” Palin then appeared to look down at her notes and says, “Oh, it’s got to be all about job creation”:

COURIC: Why isn’t it better, Governor Palin, to spend $700 billion helping middle-class families struggling with health care, housing, gas and groceries? … Instead of helping these big financial institutions that played a role in creating this mess?

PALIN: Ultimately, what the bailout does is help those who are concerned about the health care reform that is needed to help shore up the economy– Oh, it’s got to be about job creation too. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions.

http://www.youtube.com/watch?v=npUMUASwaec&eurl=http://thinkprogress.org/2008/09/25/palin-bailout-healthcare/

Guys, come on, after all the nonsense about Obama reading from a teleprompter, here now is Palin checking notecards during an interview!

And how does the bailout help folks worrying about health care?

Now, if Obama is stupid because he uses a teleprompter to give a half hour speech to thousands of people, what does that make Palin who has to check notes for answers in a one-on-one?

THAT, my friends, is terrifying to me.

This has got to stop.  She is woefully unprepared and unqualified.

68
3DHS / McCain Didn't Even Read Treasury Proposal
« on: September 25, 2008, 02:43:18 PM »
McCain Didn't Even Read Treasury Proposal

Though Sen. John McCain says the nation's current financial crisis requires "all hands on deck" because "the whole future of the American economy is in danger," he admitted in an interview in Cleveland on Tuesday that he hadn't even read the Bush administration's proposed rescue plan that was unveiled over the weekend.


http://politicalwire.com/archives/2008/09/25/mccain_didnt_even_read_treasury_proposal.html

http://www.youtube.com/watch?v=bnsNOEgp-_o

69
3DHS / Bush Offers Last Best FU To His Own Base
« on: September 25, 2008, 09:00:20 AM »
So, now after 8 years of demaning that everyone else get in line and let him have whatever he wants (be it civil rights, authority to commit war on demand or secret wire-tapping, what have you), now Bush comes for his own followers.  Finally, screwing over all Americans totally, he mentions his own base specifically and tells them "I know, I know, but I want your money, so trust and obey, bitches, I'm the prezinent!"

http://rawstory.com/news/2008/Bush_addresses_nation_about_bailout_0924.html

Quote
In order to avoid such a doomsday scenario, Bush urges the passing of the proposed Wall Street bailout. "It is difficult to pass a bill that commits so much of the taxpayers' hard-earned money," he said. "I also understand the frustration of responsible Americans who pay their mortgages on time, file their tax returns every April 15th, and are reluctant to pay the cost of excesses on Wall Street. But, given the situation we are facing, not passing a bill now would cost these Americans much more later."

"Despite corrections in the marketplace and instances of abuse, democratic capitalism is the best system ever devised," Bush closed. "It has unleashed the talents and the productivity and entrepreneurial spirit of our citizens. It has made this country the best place in the world to invest and do business. And it gives our economy the flexibility and resilience to absorb shocks, adjust, and bounce back.

He knows that he is handing a blank check over to Wall Street and hardcore conservatives who have said that the market is the greatest Decider and everything should be run like a business are totally bucking and frothing at the mouth about their core ideological principles just being ignored but he just doesn't give a shit.  He wants the check and he threatens you with horrors upon horrors if you try and stop him.

But it's funny, 'cause he knows you couldn't stop him from doing it even if you tried.  He's got pen in hand and he's writing and nobody's going to stop him short of a military coup.  And, oh deary lordy me, we just don't do that in America.

As it stands now, I suspect we'll be a third world nation pretty soon but one that can't bear the idea of rising up with pitchforks and torches and setting things right.

70
3DHS / McCain Suspending Campaign
« on: September 24, 2008, 04:16:58 PM »
Quote
http://thinkprogress.org/2008/09/24/mccain-suspend-bailout/

Sen. John McCain (R-AZ) is announcing that he would like to suspend his campaign and delay Friday’s foreign policy debate to focus on the financial crisis. According to MSNBC, McCain would like to come back to Washington and help work out a bailout package on Thursday.


Could be a smart move.  The greatest move he could make would be for him and Obama to get in a room and hammer out the decision together so that neither will get shafted in January.

But I couldn't help chuckle about his being so interested in suspending the campaign while he is getting handed his hat.

71
3DHS / Obama Waited and Came Back With Realities
« on: September 23, 2008, 07:41:02 PM »
  Senator Obama’s Plan To Protect Taxpayers and Homeowners
   Tuesday, September 23, 2008
   Tampa, Florida

   Yesterday, the President said that Congress should pass his proposal to ease the crisis on Wall Street without significant changes or improvements.

   Now, there are many to blame for causing the current crisis, starting with the speculators who gamed the system and the regulators who looked the other way. But all of us now have a stake in solving it and saving our financial institutions from collapse. Because if we don’t, the jobs and life savings of millions will be put at risk.

   Given that fact, the President’s stubborn inflexibility is both unacceptable and disturbingly familiar. This is not the time for my-way-or-the-highway intransigence from anyone involved. It’s not the time for fear or panic. It’s the time for resolve, responsibility, and reasonableness.

   And it is wholly unreasonable to expect that American taxpayers would or should hand this Administration or any Administration a $700 billion blank check with absolutely no oversight or conditions when a lack of oversight in Washington and on Wall Street is exactly what got us into this mess.

   Now that the American people are being called upon to finance this solution, the American people have the right to certain protections and assurances from Washington.

   First, the plan must include protections to ensure that taxpayer dollars are not used to further reward the bad behavior of irresponsible CEOs on Wall Street. There has been talk that some CEOs may refuse to cooperate with this plan if they have to forgo multi-million-dollar salaries. I cannot imagine a position more selfish and greedy at a time of national crisis. And I would like to speak directly to those CEOs right now: Do not make that mistake. You are stewards for workers and communities all across our country who have put their trust in you. With the enormous rewards you have reaped come responsibilities, and we expect and demand that you to live up to them. This plan cannot be a welfare program for Wall Street executives.

   Second, the power to spend $700 billion of taxpayer money cannot be left to the discretion of one man, no matter who he is or which party he is from. I have great respect for Secretary Paulson, but he cannot act alone. We should set up an independent board that includes some of the most respected figures in our country, chosen by Democrats and Republicans, to provide oversight and accountability at every step of the way. I am heartened that Secretary Paulson appeared to be softening on this position in his testimony this morning.

   Third, if taxpayers are being asked to underwrite hundreds of billions of dollars to solve this crisis, they must be treated like investors. The American people should share in the upside as Wall Street recovers. There are different ways to accomplish this, including putting equity into these firms instead of buying their troubled assets.

   But regardless of how we structure the plan, if the government makes any kind of profit on this deal, we must give every penny back to the taxpayers who put up the money in the first place. And after the economy recovers, we should institute a Financial Stability Fee on the entire financial services industry to repay any losses to the American people and make sure we are never asked to foot the bill for Wall Street’s mistakes again. We can ask taxpayers to make an investment in the stability of our economy, but we cannot ask them to hand their money over to Wall Street without some expectation of return.

   Fourth, the final plan must provide help to families who are struggling to stay in their homes. We cannot simply bailout Wall Street without helping the millions of innocent homeowners who are facing foreclosure.

   There are a number of ways we can accomplish this. For example, we should consider giving the government the authority to purchase mortgages directly instead of simply mortgage-backed securities. In the past, such an approach has allowed taxpayers to profit as the housing market recovered. This is not simply a question of looking after homeowners, it’s doubtful that the economy as a whole can recover without the restoration of our housing sector, including a rebound in the home values that have suffered dramatically in recent months.

   Finally, the American people need to know that we feel as great a sense of urgency about the emergency on Main Street as we do about the emergency on Wall Street. I have repeatedly called on President Bush and Senator McCain to join me in supporting an economic stimulus plan for working families – a plan that would help folks cope with rising food and gas prices, save one million jobs by rebuilding our schools and roads, help states and cities avoid painful budget cuts and tax increases, and help homeowners stay in their homes.

   Let me be clear – we shouldn’t include this stimulus package into this particular legislation, but as we solve the immediate crisis on Wall Street, we should move with the same sense of urgency to help Main Street.

   It is absolutely wrong to suggest that we cannot protect American taxpayers while still stabilizing our market and saving our financial system from collapse. We can and must do both.

   In summary, there is no doubt negotiations over the next few days will be difficult. I will continue to keep in close touch with Secretary Paulson, Chairman Bernanke, and the leaders of Congress to ensure that we can work in a bipartisan manner to get this done as quickly as possible. Our country is being tested by a very serious crisis. We are all in this together, and we must come together as Democrats and Republicans, on Wall Street and on Main Street to solve it. And with the proper spirit of cooperation, I know we can.

72
3DHS / Boat Anchorism Setting in With Palin on The Ticket
« on: September 23, 2008, 04:17:31 PM »
CO-Pres: Palin drags McCain down
by kos
Tue Sep 23, 2008 at 12:14:22 PM PDT

PPP (PDF). 9/20-21. Likely voters. MoE 3% (9/7-9 results)

McCain (R) 44 (46)
Obama (D) 51 (47)

    A precipitous drop in Sarah Palin’s approval may be helping to fuel Obama’s gains. Immediately after the convention 41% of Colorado voters said that her selection made them more likely to vote for John McCain, compared to 38% who said it made them less likely to do so.  Since then there’s been a 12 point drop in her net favorability.  Now just  38% say that she makes them more likely to vote for the Republican, with 47% saying  they’re less likely to do so.

    “Barack Obama has greatly increased his lead with independents since we last polled Colorado,” said Dean Debnam, President of Public Policy Polling.  “It seems like the more voters have learned about Sarah Palin the less they’ve liked her, and that’s allowed Obama to open up the largest lead he’s shown in a PPP poll of Colorado.”

Those who argued giving Palin a pass when she was wildly popular were wrong. While she's rallied the base and solidified states like North Dakota and Alaska for Palin, she is now toxic to independents and Democrats.

    The movement over the last couple weeks has been particularly acute with independent voters. 56% of them say that the Palin choice makes them less likely to support McCain and what was a 49-38 lead for Obama with that group is now a 58-31 advantage.

Voters have "learned [more] about Sarah Palin" because we aggressively investigated her record and encouraged the traditional media to do the same (and they did a pretty darn good job). Giving her a pass because she was "too popular" or because it "took the focus off McCain" would have allowed her positive narrative to stick, allowing her popularity to continue propping up McCain. As I've said before, this is a tactic straight out of Taking on the System.

Instead of being an asset to the McCain effort, they're now forced to hide her, afraid of giving critics more ammunition to use against her (and, by extension, McCain).

http://www.dailykos.com/

73
3DHS / Fool Me Once, Shame on You
« on: September 23, 2008, 03:15:14 PM »
Fool me thrice, put you in jail.

So, just like Iraq, the current "administration" has been planning "for months" to hand over a Trillion dollars to the financial markets.  Clearly, since they couldn't get people to let them put Social Security on 13 black and spin the wheel, they decided to just go the 9.11 route.

Like they allowed 9.11 to happen, then demanded they be given the power to gut the Constitution, like they insinuated and blew smoke about Iraq and Saddam, then demanded to be given unilateral authority to do whatever the hell they wanted to do, now they come and say the would economies will collapse if we don't just write them a check for 1 Trillion dollars and stop asking questions.

And just like in the first two situations, they have been planning it for months..

For your consideration:

http://www.rollcall.com/news/28599-1.html?type=printer_friendly

The White House today is drumming up extraordinary pressure on Congress to approve its plan to enact a $700 billion mortgage bailout fund, suggesting the markets cannot wait much longer and dispatching Vice President Cheney and other top officials up Pennsylvania Avenue to jawbone lawmakers.

......

[White House Deputy Press Secretary Tony] Fratto said it would be "unthinkable" for Congress not to pass legislation this week, asserting the result would be a "very, very serious situation" for the U.S. economy.

......

Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough.


And so now, the Democrats are considering reverting back to their battered wife syndrome again.  They are feverishly thinking to themselves, "He says that I should just trust him, that he won't hurt me again.  Should I do it?  He's only got our interests at heart, surely, right?"  "I shouldn't even look at all these signs that he's lying, should I?"


74
3DHS / Let's compare. Remind me. Who is the elitist?
« on: September 22, 2008, 08:19:50 PM »

75
3DHS / My Predictions Have Come True In Part
« on: September 22, 2008, 01:24:29 PM »
Over the years of talking about the RBE, I would sometimes say that if the economy collapsed, it would actually be a good thing in the long run because it would inspire people to demand that another philosophy/economic policy be tried in America.

Clearly, I was right.

While I envisioned a total collapse in the model of the Great Depression and then some chaos and and re-grouping, the right-wing ideologues of this "administration" have wrangled a way to a version of my vision without all the vitriol and violence I envisioned.

If the situation were more like I had envisioned, of course, I would be ecstatic but more and more every day, I am realizing that all the loose talk of socializing and nationalizing is misdirection.

What is happening with the bailout of the financial firms is not a new economic form, it is the same old economic form with the same old conservative forms of corruption and theft that the Bush "administration" has been exemplary.

As was spelled out in "The Shock Doctrine", BushCo has thrived on disaster.  They have spent the last eight years created situations with stupendous failure and meticulous stupidity so that their cronies can then be handed blank checks.  Halliburton made out like bandits (because they were).

Now, all BushCo's robber baron buddies will literally be handed a check for $700 BILLION with absolutely no oversight and no repercussions and nobody going to jail.

Effectively, we have allowed BushCo to socialize or nationalize all the debt and risk of the financial markets but leaving the profits privatized.  This is the capitalists wet dream.

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