Secret Memo From Bush: "Don't Throw Up Just Yet!"
Do you remember what it feels like to get carsick or seasick? You need to throw up, but you don't want to because it's so painful? So you avoid it, trying to calm your nauseous stomach? And then finally you just can't put off the inevitable?
I think that's what's been happening in the financial markets. And based on the way the Bush administration has handled past elections, I've gotten a little suspicious about the current fiscal policy.
Sooner or later, Treasury Secretary Henry Paulson is going to have to come up with a different plan than the one he's currently following: trying not to let the passengers of the Good Ship USA notice that his plan to bail out all of the sickly financial organizations isn't working. Sooner or later, whoever's in charge is going to have to let the economy hit bottom.
You think voters are mad now? You haven't seen anything. And Bush and Cheney know that.
So I think the Bush administration is hoping to keep the markets stable until November 4. They're hoping the passengers won't push the current crew off the side of the Titanic and elect a new crew from the ship's passenger list. They're hoping that if they keep lighting up the sky with firecrackers over THERE or THERE or HERE -- we won't notice the way the ship is listing to the side, the way the water is pouring in the gaping holes just at the water line.
In other words, they're counting on us being Stuck On Stupid.
Yep, I suspect the Bush administration has ordered Paulson and his crew to prop up the economy -- No Matter What! -- until after McCain gets elected.
Once that happens, they'll let the pain hit. That will give Palin and McCain about two years to drag a crane up to the Arctic Ocean and hoist the Titanic back to the surface.
"Too bad about them passengers what's died, matey."
What makes me suspect this?
Well, I'm reading Pulitzer Prize winning author Ron Suskind's The Way of the World. And I figured the Way of Team Bush -- based on its recent history -- would be to do exactly that.
After all, if the Bush administration felt it was worth ruining all trust with the British government just to take out a few terrorists - just so they could grab the news cycle before the 2006 election - just so Bush and his cronies could look like they're doing their job - just so they could get themselves elected again - just in spite of the fact that they had to throw the case against those terrorists out of court - and just in spite of what they knew would happen afterwards: "Oh wow! There went the evidence the British spent lives and years collecting - just because we needed a quick electoral fix and botched the whole thing."
Well. Yeah. I think it's very possible the Bush administration might be willing to make bad financial decisions in the short run just to keep the Republican Party in power.
When I was a kid, my mom called it covering up, and then lying about what I was covering up. But what does my mom know? She's just a sweet mom from Ohio who believes people should tell the truth.
Always.
Am I reaching too far here? Do I sound like a liberal?
Cause I'm actually a conservative Democrat who thinks that when a CEO trashes your business, you should fire him and take him to court and sue his pants off so that he'll never be able to hurt anyone else like that again. Bring criminal charges, if possible.
Yeah, I guess I'm mad. I hear what the Republican party is saying - trying to talk about issues of character, and leadership, and experience.
I swear. I keep listening, and listening, and listening, and all I can think about is what seems to be as plain as the nose on my Aunt Betty's face: the ONLY goal of the current Republican party is to STAY IN POWER -- no matter how many lies they have to tell in order to do so.
All this smells bad - as bad as if there's a mound of dead, stinking rats in Washington, D.C.
So because I like my mom's way of thinking about things, I asked myself, What would my mom do if she found a bunch of dead rats rotting amidst the plumbing underneath the sink and stinking up the kitchen?
I'll tell you what she'd do.
She wouldn't argue about the Character of the rats, or try to say some of the dead rats have better Leadership experience than others. Nope. They're ALL dead. So my mother would assume she needs to clean out the stinking rats.
My mother would get to work and sweep everything out. Once she put the whole mess in the garbage can, she would get a pail of water, and throw in some bleach, and a little Comet, maybe. Then she would wash and scrub and hose down everything underneath the sink until it's all clean. Perhaps she'd use a steel scratcher to get the rotten gunk out of the cracks.
Yep. That would be her solution.
So what's ours?
Loading comments…
Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to
More bail outs and injections of cash, when that stop's working the interest rate cuts will come. They under estimated how quickly it would crash, they are even incompetent at fraud!
"Yep, I suspect the Bush administration has ordered Paulson and his crew to prop up the economy -- No Matter What! -- until after McCain gets elected."
+++++++++++++++++
"I hope I'm not here to have to deal with it."
GWB on the 2000 election campaign trail responding to reports from Texas about uncertainties in the state budget and deficiencies in state services that took a backseat to Bush's $1.7 billion tax cut.
"I'll be long gone before some smart person ever figures out what happened inside this Oval Office." - GWB; Washington, DC, 05/12/2008
"You can fool some of the people all of the time and those are the ones you want to concentrate on." -- Bush at the Gridiron Club dinner
That is the modus operandi of Bush...! Foul things up and then hope no one notices the foul ups WHILE he is in office. [so much for the Conservative mantra of personal responsibility]
My choice - vote against all incumbants in DC. Although that is easy for me this time out as my current Rep. is a Bush bootlicking Republican and his opponet is a realtively decent Democrat, and neither of my near-do-well (allegedly) Democrat Senators is up for re-election this time out.
Rest assured that whomever runs against my Senators next time in the primaries will get my support, my vote, and my campaign contributions.
And - Go Obama/Biden '08!. Biden doesn't generally make me happy, but he is a damned sight better than McCain OR Palin.
"I think it's very possible the Bush administration might be willing to make bad financial decisions in the short run just to keep the Republican Party in power."
Oh come on! The bush administration has made bad NATIONAL SECURITY decisions in the last 7 years just to keep the republican party in power. Like they would think twice about making bad FINANCIAL decisions to do so?
LMFAO.
Is it time to storm the Bastille?
Glad you noticed Steven. Glad you wrote about it too. Thanks for all you do.
Require a vote of shareholders on every executive compensation package, remove tax breaks for executive pay, and tax all benefits a CEO gets that his janator does not as pay. That will clean up Wall Street a little bit anyway.
WHO WILL PAY FOR THESE BAIL OUTS IN THE END ??????
DISABLED VETERANS WITH CUTS TO THEIR HEALTH CARE ?????
OLD PEOPLE WHO HAVE WORKED ALL THEIR LIVES AND LOOSING THIER NESTEGGS WHEN HOUSING VALUES DROP ???
OLD AND POOR WITH EVEN MORE LIMITS ON HEALTH CARE ??
WORKERS WHEN THEIR COMPANY RETIREMENT PLANS FAIL AHD THE GOVERNMENT TAKES THEM OVER ???/
WORKERS AND SOLDIERS LOSE THATS WHO !!!!
WHO IS PROTECTED ????
THE WEALTHY AND WELL CONNECTED !!!!!!!!
THIS IS TREASON TO USE TAXPAYERS MONEY TO BAIL OUT GAMBLERS !!!!!!!!!!!!
Especially since they are trying to make it illegal to gamble your money in most states, even online!
"Yep, I suspect the Bush administration has ordered Paulson and his crew to prop up the economy -- No Matter What! -- until after McCain gets elected."
Gee, YA THINK? How about all those orange terrorist alerts every time Kerry had a good day and Bush didn't? How about low oil/gas prices from about September to the day after every election???
What's taken YOU so long to realize this administration is a pack of lying cheats who have thoroughly bankrupted our economy??? And made plenty themselves (Cheney still holds Halliburton stock, Rumsfeld loves his bird flu pharma stock, etc.)
Gee, YA THINK???
Yep, sounds about right!
Well that's what you get for being a conservative Democrat, a bunch of dead rats under your sink. Incidently you may not want to mix bleach and Comet. I did it once and my sponge disintegrated in the solution. It may have affected my political views too.
I read a fascinating article that referred to a study about stock market returns and election results (sorry, I don't have a link).
The conclusion, based on US election results dating back 60+ years:
If the S&P 500 index RISES in the 6 months prior to the election, 80% of the time the incumbent party is RE-ELECTED.
If the S&P 500 index FALLS in the 6 months prior to the election, 80% of the time the incumbent party LOSES.
So what happens if the S&P 500 absconds with the entire U.S. Treasury 3 months prior to the election, but nobody notices because the whole world is obsessing over whether pigs should wear lipstick or not?
It looks like Lehman Bros will go bankrupt before the opening bell on Mon starts the action on Wall St. That could cause W to issue another memo before 11/4/08. What did they say about the plans of mice & men?
Just like an abusive spouse or an alcoholic needs enablers so do the Rethuglicans. Unfortunately over half the electorate has and will continue to fit the bill.
Yeah. But you know what. I still want to know who's going to get to count the votes this time around.
I ain't gonna' be happy with another election where the math comes out 2 + 2 = -3.
You must be logged in to comment. Log in or connect with
