Monday, September 15, 2008

"Money Is The String With Which A Sardonic Destiny Directs The Motions Of Its Puppets."

William Somerset Maugham said that.


     John McCain, at a campaign stop in Jacksonville, Florida this morning:

     “There’s tremendous turmoil in our financial markets and on Wall Street,” he said. “People are frightened by these events. Our economy, I think still, the fundamentals of our economy are strong. But these are very, very difficult times. And I promise you we will never put America in this position again. We will clean up Wall Street. We will reform government.”

     John McCain's idea of reform?
     Oh, I don't know; his shining light on economic matters for years--up until he called the U.S. a "nation of whiners" who were only in a "mental recession"--was King of Greed Phil Gramm.
     This good ol' boy from Texas brought us jacked-up banking reform legislation, including the Gramm-Leach-Bliley Act in 1999, signed into law by Bill Clinton, following Bubba's demand for rewrites to force banks to make loans to minorities and farmers.
     Demolished in its wake were government regulations in place since the Great Depression, which had once effectively separated the banking, insurance and brokerage sectors.
     Clinton must have just gotten back from a DLC luncheon when he signed this piece of shit into law.
     Deregulation fever has only gotten worse.
     According to OpenSecrets.org, when Gramm was the chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, he received a whopping $1,000,914 in campaign contributions from the Securities & Investment industry.
     A pig, sans lipstick, at the trough.
     Hearing John "DoubleTalk" McBush III spew bullshit about the "fundamentals" of our "strong" economy reminds me to consider the company he keeps, as well as his judgement.
     Phil Gramm.
     Sarah Palin.
     Charles Keating.
     STFU. 

UPDATE:

     Right now--LIVE in Orlando as I write this--"DoubleTalk" is defining the "fundamentals" of the economy as the "American worker".
     No, jackass: that makes about as much sense as saying the foundation of a house--fundamental to its actual structure--is its inhabitants, rather than the stone, brick, lumber, or concrete which support it. 
     The deregulated foundation of the economy is crumbling.
     Stop attempting to redefine economic "fundamentals" or distract the gullible with your hollow, disingenuous platitudes regarding the "American worker". 
     Stop the bullshit.       
allvoices

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