Credit Market Crisis, And Invading Iraq: The Final Solutions.

          "Fool me once, shame on you.  Fool me twice, shame on me."  Mom.

     "There is a crisis.  We must give the administration the authority now to do what they decide to do in the future."  "Only bold action taken right now can save us from the tragedy that threatens us."  "The leaders know things that we do not know.  We can trust them because they know more than we do."

     Echoes of Wag The Dog, and of other times and places, are very, very loud.

    The leaders are the people who brought us this mess.  The tragedy is that no-one questions them.  There is a crisis and solving it requires including the kind of people who are experienced in solving it, not the kind of people who are seeking immunity for their own failures -- again.

    For the current regime's sales pitch repeated, most often without question, see the following which include representative examples of an apparently universal re-publication of the sales pitch:  Edmund L. Andrews, "Bush Officials Urge Swift Action on Broad Rescue Powers/Emergency Request to Congress -- Cost Could Reach $1 Trillion" p. A1, col. 5 (New York Times Nat'l Ed., Saturday, September 20, 2008); Jackie Calmes, "Dazed Capital [sic?] Takes on Feel of Wartime" p. A1, col. 5 (New York Times Nat'l Ed., Saturday, September 20, 2008); Peter G. Gosselin, Maura Reynolds and Richard Simon, "Economic Bailout Plan Takes Shape" (Los Angeles Times Online, Saturday, September 20, 2008);  David Cho and Binyamin Appelbaum, "Historic Market Bailout Set in Motion" (Washington Post Online, Saturday, September 20, 2008); Jill Drew, Cecilia Kang and Nancy Trejos, "Cultural and Structural Shifts Rise Out Of Risk-Taking Titans' Hard Fall" (Washington Post Online, Sunday, September 21, 2008); Jenifer B. McKim, "How Will We Be Affected?/Why is it my Responsibility to Bail These Companies Out?" (Boston Globe Online, Sunday, September 21, 2008); and David M. Herszenhorn, "Administration is Seeking $700 Billion for Wall St.; Bailout Could Set Record/Goes To Congress/Treasury Would Face Few Restrictions on Buying Bad Debt" p. A1, col. 6 (New York Times Nat'l Ed., Sunday, September 21, 2008).

    For another way of looking at the current regime's sales pitch, please re-read this post. 

Please Read The Disclaimer.
 

Comments

[Marie Wilkinson]

Thanks for the explanations. I used them as talking points to call congress. No doubt elections will be suspended shortly so the regime may continue totally without oversight.