Monday, September 22, 2008

$700 Billion Buys Who What? UPDATED

Crooks and Liars jumped on George Stephanopoulos' Roundtable portion from yesterday. I watched the show, but didn't comment as I have the past couple of weeks, because, well, basically the whole thing astounded me. For one, George Will actually talked sense for once, instead of hiding his assenine opinions behind big words and complex sentences.

John McCain, as usual, substituted Dick-wagging for clarity of thought:

"The question is who in this crisis looked more presidential, calm and unflustered. It wasn't John McCain, who, as usual, substituting vehemence for coherence said let's fire somebody and picked one of the most experienced and conservative people in the administration."
Not sure if he still thinks there's value in someone still being conservative AFTER having experience. Seems to me to be proof of a lack of intelligence.

The quote that reeeeeally chilled me after all was said and done, was when Will asked about bailing out companies when there's really no way to tell who owes what to whom for what? Seriously... if there's any truth to what Will says, how will anyone be able to know if OUR bailout bucks are going where they need to go.

Another question I have is: Who is going to end up owning the foreclosed homes? When the bank goes bye-bye, where goes the title, and who will get the money when they sell?

The Fucks at Fox like to talk all the time about how the Democrats want to redistribute wealth in some ultra-liberal, socialist scheme. THIS redistribution of wealth is the Refuckyoucan wet dream. THIS is what 50 some million asshats voted for in 2000 and 2004.

THIS is what McShame will bring you, except in spades.

Update: Thom Hartmann talked about a part of this financial mess called, "the derivatives market,"of which I will admit to having NO understanding, except to say that it truly IS a higher-than-high stakes gambling venue for the rich, super-rich and wannabe rich. The root of it all is that $700 billion is chump change... a laughable down payment. NO ONE has a clue as to how much money is involved because of the leverages and speculation involved, but Hartmann seems to have reason to believe that we're talking QUADRILLIONS of dollars.

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