The NEW Illustrated Guide to Mendacity and Folly in the 21st Century.
Posted on | December 5, 2011 | No CommentsSo, after finally having digested ALL of the Thanksgiving turkey, we turn once again to a much less edible bird. Earlier this week, we found out that Henry Paulson–you know, former CEO of Vampire-Squid–while he was Secretary of the Treasury–wandered into a meeting with hedge fund managers and told them what Treasury was going to do about Fannie Mae and Freddie Mac. SAY WHAT? Umm, Hank, that was supposed to be a secret until it happened! Did it not occur to you that someone might possibly engage in some insider trading on the basis of WHAT YOU #$%^&* JUST TOLD THEM? Oh, but these are my buddies–they’d never do anything so illegal, unethical and immoral. Well, most of them anyway.
There we have it, the essence of what ^&*(#$%^& went wrong with our system. We used to think that the Grant and Harding administrations were the poster children for corruption. Well, Bush II certainly gave them a run for their money (so to speak) and the Obama administration is coming up fast along the far turn. Here, pack of foxes, please take care of the hen house–we know that ace chicken stealers are going to be the best as keeping predators away! Other predators, that is!
With that shocking bit of news, did it really come as any surprise when we found out the REAL scale of the bailout? That the Fed SECRETLY loaned banks 7.7 TRILLION DOLLARS at interest rates even lower than they pay their mom and pop customers on bank deposits? And that these banks loaned it back to the government to make a profit on it? Not to worry, they only realized 0.17% profit on it. Right–only 13 BILLION dollars.
And while we found all this out, the cops of various cities have been coordinating attacks on those dirty hippies, rapists, thieves and murderers, as Fox and Friends would have it, at the same time as the Egyptian military has been attacking “pro-democracy demonstrators” in Cairo. You’ve seen the pictures…can you tell the difference? YES–tanks! You’re welcome!
This has gotten the reactionary forces in Congress to get the knickers in a knot. Hey–if the Egyptians can use tanks against their own citizens, WHY CAN’T WE? Why not indeed! So they included in the Defense Authorization bill language authorizing the military to detain terrorist suspects on native soil. Now a lot of people have gotten upset that American citizens might be incarcerated by the military, thrown in some brig and held indefinitely, but let’s ask another question. If the military can go after terrorists–how’s it going to get them? Are Navy SEALS going to be attacking terrorist cells run by my next-door neighbor? What happens if it’s decided that the attack might be too dangerous? Is that a drone I see flying THROUGH MY LIVING ROOM?
Now you might think that this is just paranoia, but consider this: 60 senators thought that this was a $%^&*#$ GOOD IDEA. It was originally 61, but one of them decided it really looked bad. President Obama has threatened a veto. That would make this his 3rd–an average of one a year–tied with Herbert Hoover. You know, the guy who let the banks tell him what to do during the Great Depression.
Why does that give me a headache?