Agreed!

I dunno…where exactly is Rosie O’Donnell nowadays??

Regards,
Peter H.

the 2008 election result was, as it ever is, the shuffling of a pre-existing deck. any tangible social or economic change during this time will be dictated by or leeched out of the same governing elites that have bought and sold America for jebus knows how long. That is the general point I am trying to make.

From Chomsky: ‘The best-funded candidates won nine out of 10 contests, and all but a few members of Congress will be returning to Washington.” Before the conventions, the viable candidates with most funding from financial institutions were Obama and McCain, with 36% each.’
Do you think that with a McCain presidency, but the name numbers in the House and Senate as there are now, the treatment of the financial industry would be better? does better mean no bailout?

I wouldn’t call it hostile. I would call it being critical of the rat abandoning the sinking ship — after said rat spent what amounts to a year and a half plugging the ship’s seaworthiness.

AIG built a financial time-bomb based on all the screwy derivatives, sub-prime mortgages, bundled securities and tacit treasury guarantees behind the Freddie/Fannie madness. After the bailout, AIG set to work with many of the mad scientists who built the time-bomb to defuse it. Now, Chris and Barney and Obama and Geithner want to use a private bill to take the money, after the fact, that these guys were due under contract law. And they want to make their names public so that they will be so radioactive that they will never work in finance again. (Provided they survive the death threats.)

Fine, but what about the crew who wrote the recipe? That would be the crew in Congress who made it a policy to make loans to rotten risks so they could magically stabilize and become homeowners and live happily ever after.

The next chapter is The National Bank of Acorn where every loan is based on the intuition of the teller and policy is regulated by a mood ring.

This is what “the dictatorship of the proletariat” looks like. Little minds sawing away at big dreams while a saprophytic politburo eats high off the hog and enables the dictatorship.

Question: Who passed the bailout legislation?

Answer: Congress.

Question: Who specifically exempted the bonuses paid to AIG employees and allowed them to be paid?

Answer: Congress.

Question: Who signed that bill into law?

Answer: Barack Obama.

Question: So who is to blame for all this?

Answer, (according to Congress): Private individuals with signed contracts completely legal under the law passed by Congress and signed by Barack Obama.

So you would agree that the nexus of politics and business in the Bush administration (Goldman Sachs protege Paulson as Treasury sec for instance) wouldd constitute a form of economic facism?

And chomsky is suspicious of power in all its forms, regardless of political affiliation. the article slams obamas political appointments.