The Republican Party Disaster

With only days left in the campaign, one has to ask the most perplexing national question yet still unanswered, "What is wrong with Republicans?" When you see them in the shopping check-out lines, or pumping their own gas, or at the pharmacy window it maybe hard to identify them. Some people, many people may dress and talk like Republicans, but actually are not that way. And the same goes in reverse, as well.

So, why do registered and non-registered Republicans continue to support the current Republican choice for president? My feeling about it is that they are NOT of sound mind. They suffer from a 30 year mental condition called the Republican Psychological Disorder, or what some call the Patty Hearst Syndrome. As we all recall back in 1974, Patty Hearst, the millionaire heiress of the Hearst family publishing fortune, was abducted and held by an American bred terrorist cult. It wasn't too long after being captured that she was indoctrinated into taking on their guerrilla-style militant ways and joined them in their psychopathic violent and murderous assaults, even though those acts would affect her forever. So, what we have today are average working American Republicans captured by the Republi-con Party, held hostage, and given propaganda-tainted Kool-Aid to drink so as to believe they are correct to accept the dysfunctional, disruptive and devastating rules and ways of the Party abductors, or one could say "Takers", even though it would be harmful to them and their family.

WOW! That sounds just like John McCain! He was "Taken" not only by a "Taker" after crashing into that Hanoi lake during the Vietnam War, fished out of and saved from drowning, and then imprisoned. He pleaded with his "Takers"--the North Vietnamese army to deliver him, the Commander in Chief Pacific Command admiral's son, to a hospital, and in return, he would confess (in a  signed confession) to what he knew about the bombing mission operations he was sent on. My guess is that he still harbors significant self-loathing over that submission he willingly gave, although under duress, to his "Takers". He has never forgiven himself, the confession given by the admiral's son, for his weakness. This is why, even to this day, he continues to demonstrate an explosive temper over the slightest challenges.

In addition, add the Kool-Aid poison he drank from the chalice given to him by the Republican Party paralyzers, such as Karl Rove, to sterilize him from his Mavericky self-depiction and sliver down into their dirty ways. He has turned into Golem from Lord of the Rings. "The ring my precious."

The Republicans, and those 80% who are not in the upper income brackets, would be severely harmed by a McCain presidency. The facts are spelled out in black and white, and proclaimed by him and Palin in their stump speeches. This dysfunctional Maverick would represent the upper 10% of the income earners. He has already said that to the American people, therefore, working class Republicans must have a psychological disorder to support a person who would actually cause them harm if elected. Just look at his record.  It must be that the Republican voter drank the Kool-Aid Bush gave them in 2000, and again, in 2004. Bush, an incompetent, and clearly a sociopath individual, drank the Kool-Aid, too; and now the country has sunk into the deepest and worst economic and social crisis since 1929!

Under this disastrously ideological belief system sung by the Republicon Party elite, and with the full support of John McCain, have taken the country, and the globe, into what might actually end up evolving into an economic depression--a global depression! It is not out-of-the-question that this great nation might fall into default of its debts.

This is the party of John McCain. John McCain's playbook is an extension of the party's playbook, and Bush's playbook, too. And the protocols existing within that playbook are to continue the building of a kleptocracy for the Republicon elite. It is a continuation of the theft of this nation's financial resources right into the hands of those who destroyed the economy in the first place.

McCain wants to lower the capital gains tax from 15% to 7.5%. Only 0.2% of middle class Americans would actually have received a capital gain break lowering their annual tax bill by $4.00! Under the current Republicon-made crisis, the upper 1% with income above $600,000 gets 75% of the gains, for an average benefit of $37,600, and the average tax savings for the top 0.1%---income above $3 million---would be $244,000. American families would continue to suffer under the Republicon designed recession. (Jared Bernstein, 10-15-08, Huffingtonpost.com, "Again with Trickle Down!").

So, does McCain believe that the government subsidized wealthy 10% would Trickle-Down their good fortune to those reaching upward from the bottom of the Pyramid (scheme) ladder? We have had this scam delivered to us for over 8 years, and this Trickle-Down disaster is what we got for all the trouble. An $11 plus trillion national debt, a $500 billion budget deficit, an evaporation of $2-3 trillion in home asset wealth, a million plus loss of manufacturing jobs, a net loss of total jobs over the course of Bush's disastous experiment with neo-fascism. From this experiment, beginning with Reagan, and running through to this moment in time, with McCain, Bush, and the rest of the Kleptocrats trying to make the failed and ill-tuned Trickle-Down economic misfire work, look what it created. A true collapse of a system built upon a greed oriented house of cards.

What we are hearing from McCain is that he wants to bail-out homeowners in foreclosure or behind in payments by allowing a government-sponsored lender to assess their home at the original market value, instead of at the current market value. McCain would have the government purchase the home at the original market value, which would reward the lender/banker who originally made the bad loan, while placing the burden on the taxpayers instead of the lender. McCain would rather NOT force the lender to accept the market losses, and renegotiate the loan with the borrower at the current market value. Instead, McCain would rather the original lender take no loss or hit from writing an over-inflated loan, but to force the taxpayers to come up with the cash to buy the originally inflated high-priced loan and rewrite it with better terms. This plan actually props up the housing bubble problem that first instigated the market collapse. This plan only benefits the banker and not the consumer, as we already have learned.

McCain's history has shown he does the political bidding for the rich and powerful elites and not the general population he is to represent. This was seen when he tried to change the law allowing Charles Keating, of Lincoln Savings and Loan, to legally commit fraud against his bank customers, which were average Americans who had trusted his bank with their life savings. He went to jail for fraud and racketeering. He financially contributed to McCain.

McCain continued to engage in, what might be called influence pedaling as a senator and as chairman of the Senate Commerce Committee when he started doing the bidding for the most powerful insurance and telecom corporations, while at the same time, received millions of dollars in "contributions", as well as lavish gifts, such as the use of private jets, for acting on their behalf instead of protecting the nation from these goons.

McCain was instrumental in the actual take-down of this economy when he supported Senator Phil Gramm's deregulation legislation of the financial industry during his time as chairman of the powerful Senate Banking Committee.

McCain fought for a ban of political "soft money" contributions, yet after he formed his non-profit organization called the Reform Institute, which was set up to promote his "Mavericky" image, he accepted soft money donations from the very telecom companies that benefitted from his political bidding. If you grease my palm, I will grease your palm, too!

McCain claims he wants to "clean up" Wall-Street, but his legacy has shown he is a deregulator so why would anyone believe he would change the "Casino Culture" on Wall-Street? In 2001 and 2003, he declared the Bush tax-cuts were wrong for the country (the first sign of his country first branding) during a time of war and hardship, yet now, when the economy is worse than anytime since 1931. He rallies his base by saying he wants to make the Bush tax-cuts permanent and even expand those cuts to benefit corporations whereby many, already, do not pay any taxes.

Even though McCain was tortured as a P.O.W, and later spoke against the use of torture, he stood alongside his commander-in-chief ("It is now my turn to be the big commander.") when Bush said he needed to torture. The Mavericky Maverick caved in and embraced Bush's torture policy. Anything to get nominated. Right, John?

McCain railed against lobbyists, yet employs them throughout his revolving door campaign. The last count was 177 in total.

McCain howled against ACORN and Obama's connection to the organization that he accused of committing voter fraud. But now, it has come to pass that McCain has ties to voter fraud in California and Arizona. (Keith Olbermann's Countdown).

McCain's poor judgement reaches back even when he totally embraced the Iraqi war con-man Ahmed Chalabi, the liar who wooed himself into the arms of Cheney and McCain and fed them lies and misinformation regarding Saddam's WMD program, ultimately giving them a reason to go to war. McCain was wrong with nearly every assessment regarding the success of the war, which was really the lack thereof.

McCain is nothing more than another neo-con version of George W. Bush, but worse, because he chose an incompetent person for V.P. during a time of heightened disaster and crisis. Palin lacks intellectual readiness if she would need to assume the role and duties of President of the United States. You are not in Wasilla anymore, Sarah!

For all of these reasons and examples, and I have only scratched the surface, why do Republicans continue to support an incompetent? If elected, he would end up hurting the lives of 80% of Americans throughout his Herbert Hoover-type of presidency.

The answer must be because so many are suffering from Republican Psychological Disorder and need immediate treatment!

Thanks for reading, Jerry

The Economic Crisis Leading Up to the G-7 Bail-out

Absolute power corrupts absolutely. We have heard that a thousand times. But now, it absolutely corrupted every pore of the body politic.

John McCain was absolutely corrupted by Charles Keating during his control over the Lincoln Savings and Loan debacle. Keating wanted his "boys" in Congress, McCain especially, to do his corrupt bidding by rewriting the regulatory rules allowing him to legally rob his customers. McCon carried the water for him by introducing a bill that would further Keating's plot to expand his racketeering scheme to commit fraud. Fortunately, it erupted into a scandal that lead to hearings. Keating got 5 years in the slammer for racketeering and fraud charges. McCon got paid by Keating for his bidding. Johnny Boy got off with only an ethics violation hand-slap reprimand. Guilty-by-association, John? It was more like guilt-from-association. Keating has currently contributed to McCon's presidential campaign, so the association continues.

Now, Sarah Palin has, too, demonstrated that her absolute power has corrupted her absolutely! Trooper-gate has now become one of her jar-full of "red herrings". An Alaskan favorite, my friends. The investigation found that she was guilty of an abuse of power, an impeachable offense. Guilt-resulting-from-association.

McCon, the I-can-reach-across-the-aisle-Maverick, dismissed the findings of the Trooper-gate investigation saying that it was led by a Democrat, in spite of the fact that the process was originally organized by Republicans. I guess for McCain, if the findings aren't to his liking he whines and cries partisanship. Sorry Johnny Boy, Sarah brought this all upon herself, just as you did with your scandal. I guess you are the current leader of the Party of Whiners.

Speaking of whiners. Is that not what McCain's pal, Phil Gramm called all of us who have watched our life savings disappear from a Republican driven Reagan-style Trickle-Down economic crisis? Consumers, you were scammed and "Trickled" into believing that outsourcing and job cuts, along with declining wages and benefits were good for you! You gonna like it! Just keep spending with your credit cards, home equity loans, and the kid's piggy banks and you'll feel better.

Just go shopping America. And when you do, you will make the upper 10%, who outsourced your jobs in the first place, and cut your wages, and benefits, all the more richer. YEAH!!! You keep paying your usury and compound interest charges, while the rich take it out of your hands and put into their own through dividend checks, rent checks, fees and bank charges, as well as other forms of investment return revenues.

But wait, their returns got burned, too!!! They were attempting to double and triple their wealth holdings by selling all types of securitized investment vehicles, made from loans, especially mortgage loans, and now they lost a big portion from their pot-of-gold. Top of the mornin' to ya, John and Sarah! I've got some moose patties and eggs for yur breakfast!

Stop! Hold on! There is a way to make part of it back! We will have Mikey eat it!  You remember Mikey. The kid who ate the cereal when his brother was skeptical about the taste. Yes, Mikey is all grown up now; Mikey, now a taxpayer, will eat our losses, and in return, he will turn over his income tax withholdings, and social security contributions so the richest people can stop their bleeding losses so as to prevent cancelling their trip to somewhere, or their daughter's 500 guest extravaganza wedding party (black-tie only), or their tricked out Mercedes, or their 200 foot luxury liner (the honeymoon get-away). 

We cannot let them feel any pain.

So now we have arrived at the bail-out plan. After the G-7 raked the Bush Crime Family bosses over the hot coals, they told "The Paulie" Paulson to change gears. Don't mess with those Ole School Europeans. They've been through way too much tough stuff to let a brat like Little Boy Bush give any directions. (Shut up; sit down; hold on!) The Bush-stapos said they would be willing to buy shares of the biggest banks using taxpayer dollars creating ownership rights in exchange for bail-out bucks. But here's the rub, the taxpayers have no voice in the bank's operations, or at the stockholder's meetings, or before anyone running the Banksta Show. It is a "corporate welfare funded bank operation" with no voice in exchange for the government handout. Silent Partner might best describe this scam. Paulson wrote the plan this way because the Bankstas did not want any government interference. Hey, this very reason was just the thing that caused these bank failures. How about a little interference from this point forward! It shouldn't hurt! It will hurt me more than YOU. It's not so bad; it could be worse.

So, the taxpayer instead of offering a bail-out, is now injecting the greedy junkie bankstas with taxpayer borrowed bootie, re-capitalizing the junkie bankstas so they can get on with making more money in the form of loans! How about another hit of that stuff, Paulie? Yikes. How many more loans will be written? How much more debt can the country take? How much bigger can our budget and national debt rise? So tell me Paulie Paulson, who will be borrowing? How much further out on a limb can the consumer go before THEY crash?

President Bush put forth a doctrine to steal the American economy from its citizens in order to give it over to those who had signed up as card carrying members of his Dynastic Crime Family, who would then be given access to the riches that had been amassed resulting from his corrupt administration and policies.

He assisted in the mastermind of the world's biggest bank heist( the Treasury), then got busted for the job which ended badly in a massive implosion causing most of the vault's contents destroyed. The major depositors (Congress and many big time corporate and financial players) came running to the site with frantic arms flailing raised in fear and anger. But instead of calling in the cops to arrest Bush and the rest of the Treasury-gate Burglars, they were given brooms and shovels to sweep up the mess.

The final insult to all the smaller depositors (taxpayers) was to watch as the Treasury-gate Burglars were given the power as to how to rearrange and rebuild the rubbled depository. The arsonists were allowed to rebuild the burned out building. No time spent; no fine paid; no penalty pelted.

What can be said without a doubt is that Bush squandered every ounce of America's goodwill by rising up in his emperor-clad robes in order to take down America.

Bush's 9-11 never stopped on that tragically memorable morning. It has been burning to this very day, like a forest fire raging through villages, towns, and families leaving a smoldering wake trailing behind it along with shards of a ruined nation having to face its economic peril exacerbated by one hapless unitary executive so emphatic on using every drop of his political capital wished for in a psychopathic daydream that would bring him a successful presidency.

Thanks for reading, Jerry

McCain-Country Last and A National Security Risk

John McCain and Sarah Palin have run very far away from the nation's frighteningly dangerous economic crisis in order to lower the debate by spewing fearmongering, and dangerous political rhetoric that appears to be insighting hate speech among supporters. "Kill him", was yelled from a Palin rally crowd by a person who concluded a statement of Palin's that made the point that she was frightened by Barack Obama, who palled around with a terrorist.

Palin has been saying for days that Obama pals with a Chicago terrorist named William Ayres. Here is a guy who was part of a radical group, the 1960's Weather Underground, that set off a bomb in the men's bathroom of the New York City police headquarters, back in 1970. No one was injured at the time that Ayres was involved with this incident. He turned himself in to authorities in 1980, and all charges were dropped, at that point. He was found innocent of any charges, John and Sarah, my friends.

Since then, Ayres went on to become a University of Illinois professor of education and performed public service by sitting on an education reform organization funded by the Annenberg Foundation, named after and funded by a political conservative, and an anti-poverty group, the Woods Fund of Chicago.

Both men were active in their communities and tried to give back something worthwhile; yet, McCain sat on the extremist group board founded by retired Army Major General John Singlaub. This radical right-wing organization had McCain on their board for a few years in the early 1980s. This international organization, the U.S. Council for World Freedom, had affiliations with former Nazi collaborators and ultra-right wing death squads, or should I say terrorist groups, in Central America.  It appeared that McCain did the political bidding on Capital Hill for this group's support of the Contras, a CIA-organized guerrilla force in Central America. (Associated Press, 10-7-08, "McCain Linked To Private Iran-Contra Group")

Guilt by association, Senator McCain? Or, was this just your way of giving back to the community, too?

Is McCain a supporter of American style fascism with his association with convicted felon G. Gordon Liddy, who spent 4 years behind bars for the Watergate break-in crime? Liddy got googoo-eyed when speaking about Adolph Hitler. "[He] made me feel a strength inside I had never known before." "Hitler's sheer animal confidence and power of will [entranced me]." " He sent an electric current through my body." In 1998, Liddy sponsored a fundraiser for our Mav-wreck. He referred to McCain as an "old friend". Or, should we say "my ole friend". (HuffingtonPost.com, 5-5-08, "G.Gordon Liddy: John McCain Finds His Own Radical"). Found guilt by association.

William Timmons, McCain's fantasy presidential transition team head, had represented Saddam Hussein, after the 1st Gulf War, in Washington. His job was to convince lawmakers to ease sanctions. Later, Timmons, and pals, tried to score a $45 million deal which would have allowed for a contract to purchase, and then, to resell Iraqi oil, back in 1992. So, McCain supports terroristic despots? What a record, "My Friend"!

And, then, Senator McCain there is the matter of your culpability in the Keating 5 scandal, which ripped off the taxpayers in the biggest banking scam of modern time. Charles Keating spent 5 years in prison for a $1.1 billion fraud and racketeering charges. Keating gave McCain money. You like being treated like a king and showered with very expensive gifts. Don't you? That must be why you dumped your first wife for the ultra-rich girl, Cindy Hensley.

And then we have Sarah Palin's affiliation with the secessionist group called the Alaskan Independence Party, which is a third party making up around 38% of the voters. She even gave a keynote address at a conference for them and said how this party was important to Alaskan politics. Palin's husband had been, and may still be, an active member of this party.

Guilt by association? Country Last, Sarah? Un-American affiliations? Don't wanna be a part of the United States of America, but want to be vice-president? Help me understand this duality, please. This group sounds like it could be potentially terroristic. Don't you? Or, is this YOUR way of giving back to the community, too?

And then, there is the frightening affiliation Sarah Palin has with a witch-hunter named Pastor Muthee, who presided over her church services as a guest pastor. He laid hands on her, as her church often does to its members. He prayed that the Lord "make a way for Sarah" so she can succeed as the governor of Alaska, and bring it a bunch of goodies. Muthee went uh huntin' for witches in Africa as his religious mission from God. Palin praised Muthee's contribution to her successes. Oh gee, it sure is nice to make friends, my friend.

Is Sarah Palin a witch-hunter, too? Does she support violence against women as Muthee demonstrated by running a supposed witch-lady from a village in Kenya? Guilt by association? One might say that a person who insights violence against women is a domestic terrorist, Sarah. Are you one, too? Or, is this just your way of giving back to the community, too?

And finally, there is the small point McCain was trying to make against Obama when he voted to give the Chicago Planetarium a few million dollars, for a high tech projection device,  in the form of an earmark, which McCain called a $3 million overhead projector. This stupidity on McCain's part just shows what a fool he is, and arrogant when demonstrating his 

asinine behavior. This "overhead projector", in total, costs $12 million, and is a projection device that creates a visual extravaganza of stars, planets, and the Milky Way Galaxy upon the ceiling of a theater inside the Chicago Planetarium. It is truly an educational tool used to excite children to love science and appreciate what it has to offer them. The old machine was failing and had parts that could not be replaced anymore due to its age.

John McCain appears to find little appreciation for such an earmark and its contribution to society and the education of children, yet he finds it a top priority to make sure we win in Iraq, and at any cost. Have we had enough of him yet?

Thanks for reading, Jerry

POSTSCRIPT:

McCain has had several melanomas. It has been revealed, anonymously by credible medical sources, that he is very likely being treated of one that may have metastasized in his lymph nodes and/or in the jaw area. He is likely receiving radiation, since his puffy jaw appears to be shrinking in size. Are we willing to have Sarah Palin as the next president of the United States? Is she intelligent enough, capable enough, or sane enough to be handle the trials and tribulations this nation is experiencing?

In addition, it has been revealed by Congressman Brad Sherman, a California Democrat, who opposed the bail-out, that the Bush administration threatened the American people, Congress, and the world that if Congress did not pass the bail-out bill, then Bush might have to institute Marshall Law throughout the country! The president was granted such powers through two Presidential Directives: #51 and #20 under the authority of "Continuity of Government" and "Catastrophic Emergency".

Now, the 3rd Infantry's Division's 1st Brigade Combat Team, placed under NorthCom, to respond to protests and unrest that might occur within the country. 

The Hank Paulson Failure

I cannot say this is a conspiracy, but it reads like one. The long term plan appears to have been to kill American labor in favor of a new, more esoteric economy called finance. Finance,the rich man's clean way to make money, without getting one's hands dirty or putting up a cent of one's own cash, was put onto the racetrack by Alan Greenspan after Ronald Reagan gave it his head nod.

Greenspan's plan was to create unfettered free trade, and an unregulated world-wide free market full of leveraged derivative sales. He and his investment banker clones were giddy knowing that they could create huge piles of wealth just by taking debt, without ever having to hold a fraction of real capital. "Leverage me out!" "How far can we magnify a single dollar using these debt instruments", said Humpty Dumpty's investment banker?

Now, here we are with a Congressional $700 billion bail-out, with $150 billion in John McCain-Make-Mine- Tenderloin! Pork. I thought he hated pork? In that bill, the little guy and gal will have their life savings bank deposits FDIC insured. Doesn't that give you piece-of-mind?, until you find out you might have to wait 10 years to get your insurance check! Yes, the FDIC can take 10 years to settle your claim. Just how long can you wait? It might be better off under your mattress. At least, you can get at it when you need it. 

Can we trust the very people who created this financial meltdown to also oversee the implementation of the Paulson bail-out? That is what is happening. Paulson has assigned his pal from Goldman Sachs, Neel Kashkari (or is it cash n' carry) as his point-man to manage the flow of authorized congressional bail-out dollars as the financial institutions line up for their share. Also, another one of Paulson's thieves, Lloyd Blankfein, chairman of Goldman Sachs, was present at, what can be now called the International Treasury Heist Planning Meeting, which took place at the New York Federal Reserve Bank where a strategy conference on the implications of an AIG failure was laid out for the Bush Crime Family and their Bosses to "understand".

I love it when McCain says to Obama, "You just don't understand." That is correct, John Boy. He doesn't understand because Obama is not part of the Bush Crime Family like you are! It is a segregated club; don't you know? Only Republicons are let in. They're the only ones stupid enough to drink the Jim Jones Kool-Aid over and over again. Yet, brain-dead bobble-heads like McCain and the Gangstas are the only fools who would listen to a guy with an approval rating of 25% and falling. 

 

If AIG went bankrupt, Goldman Sachs would likely lose $20 billion. "We can't have that; 

can we, Paulie?", said "da Family" to Hank Paulson. This is why Paulson needs to be summoned to talk in front of a Grand Jury regarding his actions and his conflict-of-interests.

Paulson is roller skating on ice. Not just any ice, but thin ice, at best. He just cannot seem to get anywhere with any skill or accuracy. He gets the bail-out of $700 billion that he wanted so the world's central banks, especially China, which holds $400 billion in toxic derivative debt, can dump it on the U.S. taxpayer in exchange for freshly color laser printed dollars, in order to get re-capitalized. But on Tuesday, he switched gears and began to bail-out the Commercial Paper debt market so very short term commercial borrowing could continue. Just tell me who will borrow? Bush-brain tells us that auto dealers need to borrow to put new cars on their lots. Who is brave enough to buy a new car right now, unless they have enough expendable cash to part with? I guess, paying down one's house debt is not always a personal priority. Adding a new car loan takes precedence. This seems to be a time to reduce one's debt burden. Not increase it. Our president went on to tell us we need more McDonald's restaurants and they need some bail-out cash to build them. HUH? Did he mean that there aren't enough of them already during what appears to be an economic downturn? Rollin', rollin', rollin', that cash stream ain't but swollen, keep those bucks a movin', Rawhide.

Paulie, there is only $700 billion in your piggy bank. So, focus! Has he captured the golden egg laying goose yet?

Paul Craig Roberts (Counterpunch.org; "Can a Bailout Succeed") asked how does he stretch out $700 billion to cover $2.3 trillion in mortgage-backed securities held by "20 of the nation's largest financial institutions?" How will "the Paulie" do it? Mr. Roberts went on to state that the $2.3 trillion does not even include mortgages that were transformed into more complex derivatives, such as collateralized debt obligations, and then into, and more than likely, credit default swaps. WOW! That would be quite the clown trick. "Watch me pull a few trillion out of my hat. Presto!"

The stock market cannot seem to get any legs to hop and remain into positive territory without the Plunge Protection Team pitching money into the market, in spite of an investment bank and commercial paper debt bail-out. Why? Don't they trust the Goldman Sachs bagman? The sky IS falling Chicken Little and the world markets are getting hailed on.

Mike Whitney (Counterpunch.org; "Still on the Edge of the Abyss"; 10-6-08) quoted Henry Liu in his article "Liquidity Boom and Looming Crisis", in the Asia Times, "Unlike real physical assets, virtual financial mirages that arise out of thin air can evaporate again into thin air without warning. As inflation picks up, the liquidity boom and asset inflation will draw to a close, leaving a hollowed economy devoid of substance...A global financial crisis is inevitable." 

Main Street translates that into " The ride, it ain't over. We're on the way down, so hold onto your hat, Joe!"

Thanks for reading, Jerry

The October Surprise-The Final Bailout, a New Faith-Based Initiative

Barack Obama demonstrated an observation John McCain had made of him, although for a  different reason one might expect. McCain called Obama stubborn. How right he was! Obama had stubbornly given McCain too many passes during the debate. For one thing, McCain needed to be called on his view that the surge had worked, therefore the war in Iraq strategy was correct. Wrong, John! The reason the surge had quieted the bloodshed is not a result of the troop increase but because Muqtada al-Sadr declared a ceasefire BEFORE the troops landed on the ground. Al-Sadr will likely make a run for Iraq's prime minister position, therefore he wanted to quiet the resistance.  In addition, the Pentagon paid the Sunni Awakening Council millions of dollars to resist shooting at our soldiers, while we occupy Sunni territory. But the original mission of the surge was to give "breathing room" to the Iraqi parliament so they all: Kurds, Sunnis, and Shias could come to a power-sharing agreement. This has not happened; and, a year has passed! Therefore, the mission for the surge has failed.

A second Obama "Rope-the-Dope" opportunity missed was McCain's "love for the troops" statement, and how his "take care of them" line was false. McCain has not taken care of them. He voted against increasing funds, early on and before the outrage over the lack of protection for soldier safety, which Rumsfeld failed to deliver. The nation's anger over the lack of body armor, and inadequate Humvee plating became a huge outcry. Plus, soldiers were calling for additional time off between deployments, and "Stop-Losses". Soldiers were not even offered the same G.I. Bill that McCain was offered; nor were soldiers receiving timely medical and psychiatric care; injured soldiers even had to pay for their own clothes and phone cards while in the hospital; and, we all recall the deplorable conditions that Walter Reed Hospital had fallen into. All of these examples were not championed by McCain- the Change Candidate, the Maverick, the Outspoken One; and, he had to be led kicking and screaming to "take care of them". McCain did not vote for additional down time between deployments. His reason to vote against the upgrade to the G.I. Bill was because he felt soldiers would not stay in the service long enough for his liking. He voted with the president over 90% of the time. 

Obama needs to get-up-to-speed and utilize every defensive and offensive strategy available, otherwise the mentally-ill Republicon candidate will, once again, frame the debate. 

Also, it is OK to acknowledge specific points that you and your opponent agree on, but limit them to one or two. Keep the rest to yourself, Barack!

If Obama has not realized that McCain is a mean, angry, and mentally-ill individual, at this point in the race, then he has a real problem. When McCain got up on stage to debate Obama, he fell back into his months as a POW mustering his deeply rooted survival mechanisms needed to resist the physical and mental torture laid on him by his Vietcong captors. McCain has never resolved those psychiatric problems, and therefore, would use them as president, negatively impacting upon his decision-making, if elected. In addition, his judgement is impaired. Just look at his choice of a running mate. What was wrong with Olympia Snowe, John? Not dumb enough? Too much experience? Not a strong enough Hillary vote grabber? Oh, Olympia couldn't see Russia from her house! And, did not have a witch-doctor for a pastor; or read too many newspapers; or could recall more than one Supreme Court case. And, of course, did not look like Tina Fey!

As Michael Whitney ( Counterpunch.org) described in his article, (of which I will add literary color!), Hank "The Paulie" Paulson staged a take over of the entire financial system not unlike a small time crime boss gathering forces to overthrow a kingpin crime mobster's money laundering business. Whitney said, "He rose to power in a stealthily-executed Bankster's Coup in which he, and his coterie of dodgy friends declared martial law on the U.S. economy while elevating himself to supreme leader." This even held true on 10-1-08. It is Paulie's October Surprise, aided and abetted by the Congress, and his side-kick Bada Bing Bernanke. These two cranks held the congress at gunpoint threatening to blow the lid off of the entire pop-stand if they didn't turn over the money. "Give me the money or the whole place will go up in smoke." Then he turned to the knee-shakin' bankstas, and said, "I own ya know, boys!"

Mike Whitney went on to write that "the days of the republic are over." Section 8 of the first bailout bill said that--

                 "Decisions by the Secretary pursuant to the authority of the Act are non-reviewable                      and committed to agency discretion, and may not be reviewed by any court of law                      or any administrative agency."

Does this sound like a democracy? Neo-fascism has now been passed into law by Congress. This is a milestone moment. The Republicons, and assisted by Democons, have moved for the legalization of corruption and to be directed by a unitary executive Treasury Secretary, assisted by the Federal Reserve chairman! The foxes are now in charge of the henhouses. "No one comes in or goes out without see us first, hens!"

Obama voted "yes". It is all about the bankstas, who have brought nothing to economic growth but a financial tsunami, while abandoning a national economic CPR plan which would begin to improve economic growth. Peter Morici, Noriel Roubini, Dean Baker and others have outlined a plan that would not reward the fraudsters on Wall-Street. Unfortunately, Obama is not listening to them, either. Nobel Prize winner, Joseph Stiglitz, and Jared Bernstein are at the bottom of his advisory list, and these two should be at the top. Peter Morici's article describing how we got to this point, and his excellent solution to the crisis can be read here.

There was no Democratic congressional outrage over the Putin-style takeover of the private financial system by the Treasury and Fed, enriching these corrupt Wall-Street CEOs who will show gratitude by writing large campaign contribution checks to the Republicon Party. Will the capitulating Democons be left out? "Oh please, throw me a bone!"

The Act stated this: "designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them." I guess this means that loans will be dished out as dictated by the Government! Only those who give sizable campaign contributions are allowed into the newly established Mr. Paulie's Credit Club House.

There it was laid out by the kleptocracy that the U.S. government now controls the financial institutions, which will be paid for by the taxpayers. Don't you feel excited to be part of the game now?

According to a highly respected economist, Michael Hudson, the Treasury will use $800 billion from the Social Security Administration's account to bail-out/buy-out the Banksta Gangsta fraudster's over-leveraged, under-capitalized, and value-less toxic derivatives sitting on their balance sheets. Go ahead and use the middle classes' freshly withheld and hard-earned social security contributions. Steal from the poor and give to the ultra-rich who gambled it all away and now want a government handout so they don't miss payments on their existing vacation homes, or luxury cars, or Radcliffe tuition payments, or Lear jets, or Italian vacations, or 500 karat diamond necklaces. These bankstas are very likely Republicons who don't even pay a fraction of their incomes into social security, while most of us pay 100% of our incomes into the fund.

Bush, Paulson, Bernanke, and now, Obama, and McCain, along with their human side-arms, held a gun to the heads of millions of Americans, making up a majority of them, called, emailed, protested in the streets, and faxed their voices by bellowing out that they do not want to take the poison pill, which they were told was the thing to do for the country. They are all like the preacher, Jim Jones, who told his cult followers to take the Kool-Aid suicide drink for the good of the cause.

I cannot even recall Bush or his crime family henchmen ever doing ANYTHING for the "good of the country" unless it involved a Lie-Based Initiative Greed Program. Read the Act here. Dig more here.

Are you happy that the Royal Bank of Scotland and every other foreign central bank in the world holding bad debt will get a chunk of bailout money by selling it to the Treasury, and in return will receive bailout taxpayer money? Why? To keep them from dumping dollars on the open market? Now, it could also be to allow those banks to freely obtain Treasuries which could later be used to BUY Treasuries, next year, to help pay for an increasingly rising budget deficit. Today it is $410 billion. Will it be higher for 2009, and not lower as Bush has projected? 

The Russian president, Medvedev has said today in the Australian News that U.S. economic hegemony is coming to an end as he spoke before a Russian-German development forum. "We must work together towards building a new and more just financial-economic system in the world on the principles of multi-polarity, supremacy of the law and taking account of mutual interests." Does it really matter exactly why we got ripped off other than we got ripped off? It has been done. Here is another tidbit about the bailout. Banks can hold as little as ZERO reserves to cover deposits.  How about that? This bailout has nothing to do with Main or Side Street as the Bush Crime Family and their congressional surrogates have led us to believe. It is about protecting the Crime Family and those linked to it worldwide. It is about protecting the wealthiest among us and keeping their purses full. No bankruptcy courts for them. No transparency for their balance sheets or debt valuations. No indictments.  Steely Dan wrote a song in the 1970s called Royal Scam; and that is what we now have before us!

Obama said today, 10-1-08, that if he becomes president, he will thoroughly examine the bill and make sure the taxpayers are paid back in full. Oh yes. Don't you feel better already? Once the house catches fire, in a few months, he will come back with the fire extinguisher. 

Barack,  you really give me comfort.

Thanks for reading,  Jerry

TIDBIT: McCain says that because Sarah Palin was a PTA member helps make her qualified to take the seat of the president, if need be. He went on to say she has experience, yet Obama doesn't have experience? Is McCain of sound mind? Watch the clip here.  Watch the entire 9-30-08 Des Moines Register interview here.

POSTSCRIPT: We have been saying all along that we don't need these big financial institutions to function as a nation! Watch the Dr. Dean Baker video on the next page. I agree with his assessment that we don't need these banks. Only the shareholders, and CEOs want this bailout! Just tell the depositors to remove their life savings and redeposit it in their local and regional banks.