There appears to be no stopping this so-called bailout that’s being pushed in Washington. When even the Obamacrats, who love to scream about how “evil” corporations make too much money, decide that they need to throw hundreds of billions of dollars at Wall Street, you know something’s up — but it’s not what you’ve been told.
First off, this supposed “crisis.” Notice how it wasn’t a full-blown crisis until we got within two months of the election? The media for eight years, since the day George Bush was elected, have been trying to create a recession out of whole-cloth, and a couple of well-timed bankruptcies and bank mergers provided just the excuse at just the right time to frighten the country into taking action.
And make no mistake, that’s all it is — a scary story. In reality, there’s not a thing we need to do about what’s happening among the bankers, brokers and lenders. A so-so bank gets bought by a bank that is more financially sound, making both stronger in the process — that’s a good thing. People who can’t pay their mortgages default (by the way, it’s only about 1-2 percent of the country’s mortgages that are not being paid on time; the other 98 percent are fine), passing the property to the mortgage holders — the holders haven’t lost anything except perhaps future ridiculously high earnings, but they’ll still make money by selling the property. Stocks drop — well, that just means it’s a good time to buy. A 401(k) goes down — it will likely go up again next year, and definitely in the long term, which is supposed to be the focus of such a fund.
But now everyone’s decided that we have a crisis and Wall Street needs a bailout because whoever can convince the illiterate swing voters that they care more about the economy will win the election. Thus, the Democrats are piling on to the biggest corporate welfare plan in history, and so are many Republicans, including John McCain and President Bush. McCain thinks he needs to join in because the media tell him so, and President Bush … frankly, I think someone like Nancy Pelosi or John Kerry has finally cut him in on the deal and made him the proverbial offer he can’t refuse. Expect the retired President Bush to build a couple more additions at the Crawford ranch.
Make no mistake, this is an effort by liberals to socialize the banks and increase their control over your life, and it is also an effort by some benighted cynics who call themselves conservative to make a buck off of selling the future of this country down the river.
By some miracle, the House rejected the bailout earlier this week, but last night, the Senate took its shot and passed a bailout plan padded with an extra $100 billion worth of pork (including some real doozies, like tax credits to companies that make bows and arrows — seriously. I expect that will last until someone gets killed by an “assault bow” shooting hollow-point arrows).
It’s probably too much to ask for two miracles in the space of a week, but the House should reject this bailout, too — and the next one, and the next one.
But in case you’ve bought the media line, you don’t need to worry, because the “crisis” will vanish the day Barack Obama moves into the White House. It happened when Clinton took over from the first Bush, and the opposite happened when the younger Bush won election. That’s the way these things go. If by some divine intervention McCain wins, then the media will be reporting the worst Depression in the history of the world. …
But let’s not get too far ahead of ourselves. You’ll note that this bailout will do nothing to lower gas prices, grocery prices, utility prices or any taxes that the average person pays. If anything, we unwashed masses will get to be more “patriotic,” as Joe Biden puts it, by paying more.
Although, the moment Obama is elected, I expect the Saudis will stop putting the screws to the commodity market and gas will plunge at least $30 per barrel. The other terrorist-sponsoring nations will probably account for an additional $10 per barrel drop.
Seriously, this has been the most foreign-orchestrated presidential campaign in history. Obama’s $200 million-plus from secret donors of $200 or less, unprecedented foreign money, his oh-so obvious ties to terrorists and terrorist sponsors that go unreported by the media outlets (many of which happen to be owned at least partly by terrorist-sponsoring billionaires), the clearly manipulated price of gasoline, and now this manufactured crisis — the only thing left is to schedule the anti-conservative Kristallnacht.
That’s an exaggeration, of course. But possibly only a slight one. With Joe Biden’s plans to pursue war crimes investigations against the Bush administration (which means it won’t stop at Bush or Cheney); the Democrats’ plans to reinstate the “Fairness Doctrine” and force radio outlets to fire conservative show hosts; and Obama’s unexplained plan for a mysterious homeland “Energy Corps” that will conduct neighborhood exercises and be as well-funded as the military, I’m picking up a seriously Nazi vibe from the Democrats.
(But don’t believe for a moment that Obama is really the guy in charge. He practically has the word “token” stamped on his forehead.)
Remember Saul Alinsky, the liberals’ Darth Plaguis the Wise: Spreading fear is the precursor to bringing about “change.”
And that’s Obama’s trademarked slogan, of course. But first the Democrats have to make you afraid, very afraid.
Word of advice: Be more afraid of what will happen if Obama wins.
Subscribe to the RSS feed
