Hooray! The piggy bank’s been busted wide open!
September 29, 2008
Capitalism has finally ground to a halt, undercut and compromised by unbridled greed, self-interest and a willingness to put everything at risk for a fast buck. The “It’s no one’s fault/It’s everyone’s fault” bunch want to paper over (with worthless dollars) the root causes of this calamity and divert attention away from the source of the problem – Congress and Wall Street. Basically, Congress made up stupid rules and Wall Street then gamed those stupid rules. And, faster than you can say “Fannie Mae lobbyist”, they found their collective pants around their collective ankles while the champagne glasses were still in hand.
Predictably, the media cabal and Sen. Obama blame the ‘failed policies of the Bush Administration’, while providing cover for Obama’s ‘housing’ advisor Franklin Raines and VP search committee chair James A. Johnson, both of whom pocketed millions while running Fannie Mae, and who donated generously to the campaigns of both Sen. Chris Dodd and Sen. Obama.
And now, the innocent will be sacrificed to save the net worth of the guilty. The producers will be weighed down with more debt and obligation while their incomes shrink and opportunity evaporates. Parasites, on the other hand, will celebrate. After all, 700 billion doesn’t come down the pike every day.
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