September 21, 2008 archive

Level with us

I’ve been reading most of the day trying to learn what I can about this bailout deal that’s in the works. And to tell you the truth, I still don’t know how I feel about it.

I don’t give a shit if these companies fail or even if the stock market fails. But if what we are facing is a world economic collapse, that’s nothing to risk.

What I feel like I can say with confidence is that once again, this country has waited until crisis mode to take action. We don’t seem to have the capacity in our systems to recognize risk and take preventative action.  

The VA and Soda on a Counter…..Prosecution!!

Don’t really have the time, nor the inclination to write this up better, but I just paid a visit over to Harpers magazine site, and this is what I first saw:

Unexpected Consequences from a Mug of Soda

Written by one Scott Horton

The Bush Justice Department continuously tells us it is beleaguered, under-resourced, and having a hard time battling crime.

Is This the Stake Through Neoliberalism’s Heart? It Should Be, But …

Original article, by Alexander Cockburn, via counterpunch.com:

Hope walks arm in arm with fear, and so naturally enough Candidate Barack Obama is now reminding us, a la Roosevelt, that we have nothing to fear but fear itself and we must all pull together in a spirit of bipartisanship. Wrong. We have many identifiable things to be frightened of, starting with a bailout program designed to bail out the thieves running our financial system, and stick middle America with the pricetag – heftier than you can imagine. Why pull together with the licensed thug who just stole your money with the pledge that he would be doing it again to your kids?

Looking at it from Another Angle

I just read over at the Orange a recommended diary by Larry Madill entitled ACTION REQUIRED: Executive Power Grab in Banking Bail Out Bill.  Another diary, also on the rec list, by New deal democrat gives the entire text of the Wall Street Bail Out Act.

Larry Madill quotes Adam Davidson in his NPR blog Planet Money in his analysis of this bill, where he concludes that this is yet another giant power grab by the Executive Branch.  Seems this crew of crooks and their quislings don’t know how to propose legislation that doesn’t make bad matters even worse.

The money quote (no pun intended) from the proposed Act:

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

To which Davidson responds:

   Whoa.

   So, for the next three months, and then an additional six months after that, the Treasury Secretary can do anything he deems appropriate without anybody anywhere looking it over.

   That seems like an awful lot of absolute power.

Let the Market Decide…

One of the thing that puzzles me about McCain’s mantra of free market choices, another version of “Let the market decide”… is frankly that he seems very confused.

He is talking as if the market hasn’t been deciding anything as if we just don’t have enough free market choices…

The market has been deciding quite a bit…

The market has decided that it is perfectly acceptable to have millions of uninsured Americans. The market has decided that it is acceptable that some folks who do have access to health insurance either can’t afford it because their wages are too low or the deductibles are too high. The market thinks it is just grand that Americans probably die because they can’t afford treatment and  prevention seek it too late as a result. See people are just deciding to die.

The market has decided that it is just fine and dandy to allow massive increases in educational costs. The market has decided that it is fine for poor kids with no other options to join up in the fight on two war fronts. The market has decided that these kids should die to make gigantic profits for private contractors who deliver sub-standard services and goods. The market has decided it is not a problem for returning vets to have no other alternative but an underfunded VA service.

The market has decided that bailing out corporations instead of working Americans who pay the taxes is the best alternative.

The market has been deciding life and death issues for an awfully long time.

We all know when the MSM actually notes a trend it is probably deeply pervasive and much larger.

Note this CNN story about the growth of tent cities. My question: how many others are there that just haven’t gotten big enough to warrant attention?

From Seattle to Athens, Georgia, homeless advocacy groups and city agencies are reporting the most visible rise in homeless encampments in a generation

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