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Dan Weisman

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Weapons of Mass Economic Destruction

Posted by Dan Weisman Posted on: 09/22/08

Weapons of Mass Economic Destruction

Here they go again. And by them I mean the Bush "Administration" and fellow travelers who put the rest of us in this horrible economic precipice due to their incompetence or evil, probably an unhealthy combnation of each.

As with the weapons of mass destruction lie, we're getting the bail out the mortgage industry, Wall Street, anyone who has MILLIONS of dollars and screw everybody else lie. The bigger the lie, the more difficult to deny apparently.

Why? Because of the same tired old "Trickle Down" economics lie so disproven over the years. No, giving a few wealthy people money or bailing out their convulated and in many cases intentionally obscure, financial instruments and predatory lending practices does not HELP YOU OR ME

While the economic crisis is quite actual, it happened for a variety of complex reason as well as simpler ones such as the Bush Administration doing away with as much "useless regulation", their quote not mine, as possible. Thanks for nothing. 

The entire Bush (faux) presence has been similar to the volunteer firefighter who sets the blaze so he can come in and look like a hero. Also, Bush etc. has been big  on taking a terrible situation, 911 and Katrina, and making them much, much worse. But they always seem to make a lot of money in the process.

It's sad. We've been over this ground before, discussing the inherent evil of stealing an election -- 2000 -- and again although less spectacularly -- 2004, Swiftboat etc. -- to no end except our mutual destruction.

This sudden economic collapse and re-packaging happened almost literally overnight. Then, Bush etc. (although not the actual president; on vacation) met over the weekend with congressional leaders behind closed doors.

And they came out with this $800 billion or $3 trillion or whatever it is gift basket for wealthy corporations whose officials also lived high off YOUR hog for years with bonuses, etc. and much wealth created through predatory gouging of innocent consumers, or creation of fake financial instruments intended to mix and match money to their needs.

The outcry has been loud, but what will come of it? The stuff has hit the fan within weeks of the big election. Does your vote matter? Well, it hasn't so far, at least since 1996. Maybe the 12th year is the charm.

There's a very lingering question just off curtain in the Rosencrantz and Guildenstern section. In promoting his new book a few weeks ago, Bob Woodward kept talking about an "October Surprise".

Woodward hooked the surprise to a new "super-weapon" developed by intelligence services, the one where they target and hit someone with mind-blowing accuracy. He said the troop surge had little to do with any perceived security gains in Iraq. It was more a combination of paying off the Sunnis -- the awakening guys -- and the new super-weapon.

So now, Woodward threw out his belief in an October Surprise, which will shake things up, a political enigma although on reality shows such as "Big Brother" contestants like to shake up the house just for the hell of it and better ratings.

October surprise? How about GETTING BIN LADEN? That would qualify. But even then, to what end would capturing Bin Laden work?

Besides, with all that has gone down, and my reading of Bush, his distaste for McCain coupled with the usual narcissistic deal of wanting to be idolized, which means the others must fail since he can't succeed on his own merits, he might want to save that surprise for a rainy day. Like the arms-for-hostages deal by Reagan etc., maybe go out on a (relatively) high note.

Bin Laden. Hostages. 911. It's all related, according to Bush etc. logic. And those pesky weapons of mass destruction. AH-HA, we've found them at last. To paraphrase Pogo, we have found our weapons of economic mass destruction and they are us.

I got some apples. Bring some oranges. See you on the street. (And later, behind the dumpster for some diving...)

For more information about the topic check out http://www.92067freepress.com


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  • I totally agree with you. Why do people not see that this bailout is just another form of "trickle down economics"?
    By twogens on September 22, 2008 23:33

  • It's not just that it won't help. It will make things worse. Free money which is not attached to any real productivity only creates an artificial demand for goods and services while simultaneously devaluing the dollar. The reason for all the high-risk, predatory loans in the first place was the nearly-free, bottomless pit of cash that the feds released after the attacks in 2001. It was part of their "spend our way out the crisis" approach. So, I don't see how this bailout is going to help anyone.
    By allison on September 23, 2008 03:47

  • This is one of those critical times in history when every voter should be inundating their representatives and senators offices with calls and emails demanding some REAL answers. There needs to be open discussion on this and more transparency for Americans. Unless voters get serious about demanding accountability, we may never get it!
    By Kimberly Michalski on September 23, 2008 13:30

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