Monday, December 1, 2008

Bush Fiddled as Mortgages Melted Down

Below: The Gang of Four, President George W. Bush, center, is flanked by U.S. Treasury Secretary Henry Paulson, right, Federal Reserve Chairman Ben Bernanke, left. SEC Chairman Christopher Cox trails behind. Photo: Win McNamee/Getty Images file.
Blame it on the liberals & their forcing banks to loan to poor people. (Bush's "Ownership Society" talking point being as accurate a title as "Clean Skies" or "No Child Left Behind.") No, wait a minute...
The administration’s blind eye to the impending crisis is emblematic of a philosophy that trusted market forces and discounted the need for government intervention in the economy. Its belief ironically has ushered in the most massive government intervention since the 1930s.
Were we editing this it would read "discredited philosophy." Which is why we aren't editing anything but ourself, & that just barely.
Looks as if there was criminal negligence going on. There's no question there was plenty of greed,  sheer incompetence & economic foolishness. Where, then is the punishment for failure? Where is the corollary to "risk deserves reward?" 
We'd like to see most of these bastards on a nation-wide tour, on the back of a flat-bed truck, in the stocks. (If you can prove you really suffered, a rock or two may be provided as well.) Everyone in every hamlet & burg from Canada to Mexico & from Pacific to Atlantic should be given the chance to heave a few tomatoes at the executives & regulators responsible. And the costs of the entire tour should come from the pockets of the villains. Including all the costs of the rotting fruit. And if they get whacked in the head by a rock, the stitches come out of their wallets as well. Fuck 'em!!

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