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'ECONOMIC CLEANSING?
The Resurrectionists: Beltway's Big Money Cultists Bail Out the Dead
The Resurrectionists: Beltway's Big Money Cultists Bail Out the Dead
by Chris Floyd
Monday, 29 September 2008 -->The crisis of Wall Street's financial meltdown has demonstrated, once again, that although the Bush Faction thugs are criminals, killers, torturers, and thieves, without even the slightest competence in governing, they remain brilliant political tacticians. They may be willfully ignorant and brutally stupid in almost every other area, but when it comes to advancing their own narrow interests – at the expense of the political opposition – their low cunning cannot be denied.
Just look how they have made the Democratic leadership the face of the Administration's bailout plan – which is perhaps the most virulently unpopular government action in the last 100 years. This unconscionable giveaway to the greedy rich was cooked up in the poison kitchen of the Oval Office, long before the late summer collapses that triggered the public crisis – yet at every turn, before every camera, who do we see fighting hard for the plan? Why, Nancy Pelosi and Barney Frank, front and center, day after day, talking it up, defending the President and his wise counselor, the rapacious Wall Street profiteer Henry Paulson. When the bailout goes through, and ordinary Americans see that their own lives and livelihoods are still collapsing all around them, who are they going to blame? Why, the Democrats, of course.
As usual – as always – the Democrats have handed their ostensible opponents a razor-sharp sword. You can hear it now: "That radical liberal feminist from San Francisco, that stubby little Massachusetts homo – they're the ones who did this to you! Liberals and Jews and homos, they've stabbed you in the back again!"
As always, this message will be sponsored by the very Wall Street wolves which the Democrats are now falling all over themselves to save. The Democratic sell-out will, once again, be used to discredit any notion of ameliorating the most savage effects of unrestricted corporate power: "See what happens when them libruls monkey with the free market?" Just as soon as the biggest fraudsters and grafters behind the meltdown have filled their coffers with enough taxpayer loot to feel safe again, the extremist sect of "free market fundamentalism" will raise its banner over Wall Street – and Washington – once again.
In fact, this has already happened once in the last 20 years: hardly outside the living memory of many if not most of our media mavens and political operators. The Savings and Loan meltdown – which, once again, saw the Bush Family in the thick of the muck – resulted in a gargantuan bailout of, yes, fraudsters and grafters. . . . like Neil Bush, for one. They wrecked vast financial institutions, devoured pensions, destroyed businesses, ruined the lives of millions of people – and got away clean. What's more, the extremist doctrine of unregulated greed that led to the crisis was not only not discredited by this crimeful and shameful episode – it was exalted to new heights a short time later . . . by a young, hip, "progressive" Democratic president elected on a platform of "hope and change," replacing a failed, incompetent, and highly unpopular Republican president named George Bush.
Yes, it was Bill Clinton, "the Man from Hope," who oversaw the accelerated dismantling of nearly all of the remaining checks and balances on rapacious Big Money greed. It was Clinton who helped lay the groundwork for outright criminal enterprises like Enron and "legitimate" criminal enterprises like Hank Paulson's Goldman Sachs and all the other high flyers who gamed a system that suddenly had no rules, except one: make your pile and screw everybody else. (It was also Clinton who gave billions to Halliburton and other war profiteers in a vast "privatization" of the U.S. military, laying the foundation for the world – historical thievery of Bush's corporate cronies in the killing fields of Iraq; but that's another story.)'
Just look how they have made the Democratic leadership the face of the Administration's bailout plan – which is perhaps the most virulently unpopular government action in the last 100 years. This unconscionable giveaway to the greedy rich was cooked up in the poison kitchen of the Oval Office, long before the late summer collapses that triggered the public crisis – yet at every turn, before every camera, who do we see fighting hard for the plan? Why, Nancy Pelosi and Barney Frank, front and center, day after day, talking it up, defending the President and his wise counselor, the rapacious Wall Street profiteer Henry Paulson. When the bailout goes through, and ordinary Americans see that their own lives and livelihoods are still collapsing all around them, who are they going to blame? Why, the Democrats, of course.
As usual – as always – the Democrats have handed their ostensible opponents a razor-sharp sword. You can hear it now: "That radical liberal feminist from San Francisco, that stubby little Massachusetts homo – they're the ones who did this to you! Liberals and Jews and homos, they've stabbed you in the back again!"
As always, this message will be sponsored by the very Wall Street wolves which the Democrats are now falling all over themselves to save. The Democratic sell-out will, once again, be used to discredit any notion of ameliorating the most savage effects of unrestricted corporate power: "See what happens when them libruls monkey with the free market?" Just as soon as the biggest fraudsters and grafters behind the meltdown have filled their coffers with enough taxpayer loot to feel safe again, the extremist sect of "free market fundamentalism" will raise its banner over Wall Street – and Washington – once again.
In fact, this has already happened once in the last 20 years: hardly outside the living memory of many if not most of our media mavens and political operators. The Savings and Loan meltdown – which, once again, saw the Bush Family in the thick of the muck – resulted in a gargantuan bailout of, yes, fraudsters and grafters. . . . like Neil Bush, for one. They wrecked vast financial institutions, devoured pensions, destroyed businesses, ruined the lives of millions of people – and got away clean. What's more, the extremist doctrine of unregulated greed that led to the crisis was not only not discredited by this crimeful and shameful episode – it was exalted to new heights a short time later . . . by a young, hip, "progressive" Democratic president elected on a platform of "hope and change," replacing a failed, incompetent, and highly unpopular Republican president named George Bush.
Yes, it was Bill Clinton, "the Man from Hope," who oversaw the accelerated dismantling of nearly all of the remaining checks and balances on rapacious Big Money greed. It was Clinton who helped lay the groundwork for outright criminal enterprises like Enron and "legitimate" criminal enterprises like Hank Paulson's Goldman Sachs and all the other high flyers who gamed a system that suddenly had no rules, except one: make your pile and screw everybody else. (It was also Clinton who gave billions to Halliburton and other war profiteers in a vast "privatization" of the U.S. military, laying the foundation for the world – historical thievery of Bush's corporate cronies in the killing fields of Iraq; but that's another story.)'
Lees verder: http://baltimorechronicle.com/2008/092908Floyd.shtml
http://baltimorechronicle.com/2008/091708Floyd.shtml
http://baltimorechronicle.com/2008/092608Floyd.shtml
http://www.larouchepac.com/news/2008/09/27/save-wachovia-restore-glass-steagall.html
http://www.larouchepac.com/news/2008/09/29/f-ers-are-starting-jump.html
http://baltimorechronicle.com/2008/091708Floyd.shtml
http://baltimorechronicle.com/2008/092608Floyd.shtml
http://www.larouchepac.com/news/2008/09/27/save-wachovia-restore-glass-steagall.html
http://www.larouchepac.com/news/2008/09/29/f-ers-are-starting-jump.html
Lezen, Maarten Schinkel van de NRC!
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