Michael Fitzsimmons

Government Bailouts Multiply as Paulson Prepares to Leave Washington

nice article edward. i like to call it buy it's real name: fascism. or at least "socialism for the rich". i think now people are beginning to understand why europeans held up pictures of hitler when bush visited their continent. you knew this was going to be a disaster for the american people when the paulsen and bernanke went to congress with the initial unconstitutional requests for billions of dollars to "spend" (give-away might be a better word...) as they saw fit. no taxpayer protection, no guidelines, just give us the money they said. naomi klein (author of Shock Doctrine) recently had a great article in Rolling Stone magazine about how the Bushies are using yet another shock (Iraq, Katrina, etc. etc) to bilk the US taxpayer out of their hard earned dollars:

www.boingboing.net/200...

note the person they put in charge of the bailout out, Reuben Jeffrey III, is the same guy that lorded over Bremer;s "Coalition Provisional Authority" in Baghdad. some government officials (not many....) are still trying to find billions of dollars which mr. jeffrey handed out over there.

this is the main reason i contend bush is not, and never has been, a "conservative republican". fiscal discipline, long a tightly held belief of conservative republicans, is not an adjective that describes bush. yet, if you pay rush limbaugh and larry kudlow and the other hacks on CNBC enough money they will brainwash Americans into thinking bush IS a conservative republican. he is not. he is a fascist. and the US will be lucky to have survive his 8 years as "king george". how on earth the US dollar can be strong right now i have no idea. as jim rogers said in an interview the other day: "this is insanity. did they learn nothing from japan? this is the biggest transfer of wealth in history from the competent (the US tax-payer) to the incompetent (the Wall Streeters, bankers, insurance, and auto execs). captitalism isn't supposed to work that way. we are propping up institutions that should fail, just as japan did. it didn't work for them, it won't work for us. we have 9,000 banks...some of them need to fail, instead we are giving money to them which will go into the pockets of the executives who lent money irresponsibly". go figure. i am not surprised. but then again, after 8 years of bush, i am the biggest cynic on "capitalism" in the world today.