Bush + Reid + Pelosi + Frank + Obama + Paulson trillion dollar bailout laced with corruption, insider dealing

Quelle surprise. David Sirota made a list:

The amount of brazen corruption and conflicts of interest swirling around this deal is odious, even by Washington's standards - and polls suggest the public inherently understands that. Consider these choice nuggets:

  • Warren Buffett is simultaneously advising Obama to support the deal, while he himself is investing in the company that stands to make the most off the deal.
  • McCain's campaign is run by lobbyists from the companies that stand to make a killing off a no-strings government bailout.
  • The New York Times reports that the person advising Paulson and Bernanke on the AIG bailout was the CEO of Goldman Sachs - a company with a $20 billion stake in AIG.
  • The Obama campaign's top spokesman pushing this deal is none other than Roger Altman, who Bloomberg News reports is simultaneously "advising a group of investors who are trying to prevent their shares from being diluted in the U.S. takeover of American International Group Inc." - that is, who have a direct financial interest in the current iteration of the bailout.

Add to this the fact that the negotiations over this bill have been largely conducted in secret, and you have one of the most sleazy heists in American history.

And whaddaya know?

The corruption is totally bi-partisan.

But with a trillion dollars of free money at stake, why would anyone expect anything else?

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What's that you once said?

this is business-as-usual--

why wouldn't the foxes be running the henhouse?

Bullshit!

"The corruption is totally bi-partisan."

Wrong! Bush, the Demonrats, and Obama are running this entire grift. All they want from the Republicans is some cover. You cannot put them and McCain side-by-side at the same level. They have been totally reactive throughout, not even close to the source. And McCain stated unequivocally last Friday that he was 100% against it. But they have no real power and must play politics at this point, like it or not.

Sirota only got it 99% right...

If this bill passes, it will be a profound referendum on the dominance of money over democracy in America. That - and that alone - would be the only thing an objective observer could take away from the whole thing.

Money will have compelled politicians to not only vote for substantively dangerous policy, but vote for that policy even at their own clear electoral peril. Such a vote will confirm that the only people these politicians believe they are responsible for representing are are the fat-cat recipients of the $700 billion - the same fat cats who underwrite their political campaigns, the same fat-cats who engineered this crisis, and want to keep profiteering off it.

Yeah, and the same fat cats who staked Barack Hussein Obama to his $99M bankroll that bought him the pole position at the start of the primaries which gave him the early lead. And his $50M advantage when they ended with which he bought Pelosi, Reid, and the SDs. They bought him the nomination. They will buy him the presidency. They will have bought him, in fact.

Game. Set. And fucking Match.

They bought all of them cheep, considering the financial boys

have hamstrung the government from delivering any new program or balancing the budget or reducing our debt (ha!) for centuries to come.

They are the Congress That Sold the United States to the looters who manufactured the crisis so neatly both parties drive down likely voters to the bare minimum low-info level.

Anyone better informed has now sworn off politics in disgust, should this bill go through without meaningful protest from within Congress.

Way to create a Lame Duck President before he's even sworn in.

Wonder why Hillary's campaign had to be killed -- she was so eager to make her own stamp on the Presidency that she wouldn't go along?

Makana, what a bunch of bull

The idea that Obama was somehow more at the center of this than the Congressional Republicans and their diasterous policies that laid the groundwork for this shit. Give me a break, and then you've got to add insult to injury with the Hussein shit. What in the hell happened to you in just a day or two?

But, we've always been at war with Eastasia...

Apples & Oranges, Damon

Please don't throw out strawmen.

Yes, Congress, which refused to regulate (and which has seen both Democratic and Republican majorities during the last 8 years), and most especially the Bush administration, which would not ask for or support regulation, nor enforce what regulation there is, are totally responsible for the systemic causes of the collapse. But let's not let those greedy titans and TEH awesome campaign contributors of Wall Street off the hook.

But it is George Fucking Bush and the Demonrats alone who are responsible for this giant, money-grabbing, opportunistic scam known as "the bailout."

And what a fucked up world it is when you get called out for using a person's actual middle name. Think about it. Using a person's REAL name is considered dirty pool. Feh. When I get supremely pissed at McCain I will call him John Sydney McCain. And did you get offended when I used Bush's middle name above? (I didn't think so ;) )

Anyway, his name IS Hussein and that is no more or less offensive than Barack or Obama, so get used to it. Actually, all three of those names would truly offend me if they referred to the President of the U.S. of A. But I would have to learn to live with that too, wouldn't I? (Double feh.)

Our squabbling about who's got the worst candidate means nada.

I'm wondering how many of us actually has a vote that matters? I'm in MA, so, mine won't. Anybody else?

The pigs feeding at the trough filled with our tax dollars leaves me uninterested in a presidential race that may...may, make a difference in my taxes. That's it. Nothing else will change.

Let's agree that our choices are not ideal and move on to PB .2.

I love this job!

I love this job!

Has Anyone Not Directly Associated with Wall Street

meaning any financial analyst or economist or any other knowledgeable person who doesn't own, work for, or get campaign contributions from Wall Street, said this is anything other than an awful idea? I'd be interested to read a counter argument or to discover there even is one (other than these people really want my money).

And, yes, given public reaction, passage of this will prove once and for all that both parties care more about siphoning money to the rich than their votes.

"Do what you feel in your heart to be right -- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't. " - Eleanor Roosevelt

And BTFW, if Barry Soetoro

should, Heaven forfend!, be elected President, what is he going to say when he's sworn in:

I, Barack 'Expletive' Obama, do solemnly swear...?

So Damon, do please do give me and everyone else a break and stop giving yourself the vapors over such silliness.

It has everything to do with the fact...

...that you'd never had said "John Sidney McCain" in the same sentence. Belive, me I'm not one of those Obamabots whose sensors go haywire anytime someone mentions his middle name, but your usage, there, was gratuitious, and even you know that.

No, you give the rest of us a break with what are incresingly becoming ill-thought and useless posts.

But, we've always been at war with Eastasia...

Let's not paint all Democrats with the same brush

This morning I had a chance to watch C-SPAN while preparing for work, and several House Democrats spoke out against the bail out. Sheila Jackson Lee was incredibly passionate in her disapprovals of this highway robbery and it's failure to protect and assist the constituency. She showed some real gut and leadership.

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