New York Lyin' Times Distillation of Corporate Media talking-points re Bush's Catastrohpic Wall St. Failures Bailout -

QUOTES: "I didn't know you were Catholic."

Speaker of the Houe NANCY PELOSI, as quoted by TIME magazine this weekend, which gave us this solid gold nugget of attribution about Pelosi's above quote:

<< Speaker of the House Nancy Pelosi, referring to Treasury Secretary Henry Paulson, WHO REPORTEDLY GOT DOWN ON HIS KNEES to BEG Pelosi to help speed along the government bailout package. >>

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Today's New York whore Times gets their 3rd sentence in this morning's article on the "miracle cure" Wall St. bailout bill correct:

<< The measure still faced stiff resistance from Republican and Democratic lawmakers who portrayed it as a rush to economic judgment and an undeserved aid package for high-flying financiers who chased big profits through reckless investments. >>

And the 1st, 2nd, and 4th sentences are not too terrible, either.

BUT the 5th, 6th, and 7th sentences in Carl Hulse and David Herszenhorn's report are real stinkers:
<< ALL SIDES HAD TO SURRENDER SOMETHING. The administration had to accept limits on executive pay and tougher oversight; Democrats had to sacrifice a push to allow bankruptcy judges to rewrite mortgages; and Republicans fell short in their effort to require that the federal government insure, rather than buy, the bad debt.

Even so, lawmakers on all sides said the bill had been significantly improved from the Bush administration’s original proposal. >>

WHY, EXACTLY, did the 'Democrat' "Leadership" HAVE TO SURRENDER SOMETHING"??

According to TIME magazine, there are reports that Bush's Treasury Secretary, Mr. Henry Paulson, literally got on his knees beseeching Speaker of the House Nancy Pelosi approve the $700 billion Wall St. BAILOUT bill - AT TAXPAYER expense.

Let's pretend for a moment that a kiss was also involved, it would be the most expensive kiss in all of human history!

THE MECHANICS of the Bush-Paulson-Pelosi WALL Street BAILOUT BILL are SIMPLY GROTESQUE: $700-billion dollars; SEVEN-HUNDRED-BILLION-DOLLARS;
$700,000,000,000.

Divide $700,000,000,000 by 3-hundred-million Americans, THAT WORKS OUT TO over $2,000 PER AMERICAN man, woman, and child.

Consider that with children, retirees, and people with disabilitees, only one in three Americans are working taxpayers, and the price of the PELOSI-PAULSON BAILOUT now zooms to over $6,000 per American worker.

WITH THAT KIND OF MONEY INVOLVED, why could not the US government have simply LET WALL STREET FAIL, and then stepped in as a lender on behalf of consumers and producers itself providing those loans guarantees of amounts up to several billions of dollars, to new lenders or loan consortiums?

THE NOTION that the Bush administration "HAD TO GIVE SOMETHING UP" by giving up INSANE amounts of EXECUTIVE PAY and compensaion is... well, simply INSANE.

This is the Washington Post, New York Times, Wall St. Journal's, and other corporate media favorite media meme: THAT NO MATTER HOW ABSURD or APPALLING the Bush administration (or big business) request, policy, legislation, bill, or agenda is, it has a miraculous "EQUIVALENCE" with Democratic policy requests, priorities, and bills, SIMPLY BECAUSE there must be "AN EQUIVALENCE" between the two political parties!

HOW would Mr. Hulse and Mr. Herszenhorn feel if a robber put a gun to their heads, and said "HAND OVER $6,000, or I'll ruin your ability to raise credit financing"?

THAT is the underlying theme of Major Media reporting on the Bush-Cheney-Paulson TAXPAYER BAILOUT of Wall St. - "IF you don't GIVE US MONEY, you will not be able to RAISE MONEY in the future"!

Well, for one trillion dollars (what it will cost us American taxpayers before this particular Bush-Rove-Cheney nightmare is over) we did BUY ONE GLORIOUS GIFT: the NOTION of GEORGE W. BUSH as a "TAX CUTTER" is OVER for ALL ETERNITY;
George W. Bush as TAX CUTTER is DEAD AND BURIED, because in fact Mr. Bush wants American TAXPAYERS to FORK OVER a MINIMUM of ONE-TRILLION-DOLLARS to save his crony Wall Street Robber Barons & Credit EXTORTIONISTS, and the REAL cost of this $.7-trillion bailout, on top of the EXISTING $11 TRILLION of pre-existing BUSH DEFICITS, will likely be two or three times the stated amount - just as, if you make purchases on your over-loaded credit card and only pay the minimum monthly payment, your REAL PRICE is THREE TIMES what you paid to purchase an item with that credit card..
THE REAL price of the Bush-Pelosi-Paulson BAILOUT, will cost American taxpayers somewhere between ONE TRILLION and TWO TRILLION+ DOLLARS - TAXPAYER dollars, i.e. TWO TRILLION DOLLARS in NEW TAXES by George Bush and Nancy Pelosi to BAIL OUT Wall St. fat-cats.
BUSH BESEECHES BILLIONS in NEW TAXES from Congress to BAIL OUT his WALL Street Credit Extortion Cronies & Robber Barons:


The AMERICAN WHORE MEDIA - SLAVES to their corporate bosses and owners - is INCAPABLE of saying what a Bailout Protester on Wall Street said in a ten word protest sign: That President Bush, his Republican Party, and the complicit Democrats (who wouldn't know how to use a FILIBUSTER it their lives depended on it) HAVE RUN UP ELEVEN TRILLION DOLLARS - $11,000,000,000,000 - of DEBT that American taxpayers will have to pay, the complete, diametrical OPPOSITE of the "TAX CUTS" Mr. Bush has been BRAGGING ABOUT for the last decade, a MASSIVE GOVERNMENT DEBT that INCREASES by almost TWO BILLION DOLLAR PER DAY, from the interest alone - and that was BEFORE Mr. Bush's NEWEST round of TAXES FOR BAILOUTS for BILLIONAIRE wannabees!

ONE Simple Question for America's Sychophant Media Whores: IF John McCain WOULD CHANGE policies in future, WHICH policies SHOULD Bush have Changed??

ONE simple question illustrates America's MEDIA morons:

IF John McCain WOULD CHANGE policies in a future McCain administration; then
#1. WHICH CURRENT Bush-Cheney administration policies SHOULD HAVE BEEN CHANGED, or never brought to pass; and,

B. WHY didn't 26-year Republican SENATOR JOHN McCAIN OPPOSE THOSE bad, wrong, or ill-informed POLICIES MORE ACTIVELY in the past 8 years?

.....ESPECIALLY given McCain's role as one of the Keating-5 senators in the KEATING-FIVE SCANDAL, which access scandal was at the CORE of the US-economy GUTTING SAVINGS & LOAN scandal, the financial scandal that led DIRECTLY to the BUSH-1 DEFICITS, which in turn led to the BUSH-1 RECESSION???

Note: The BUSH-2 DEFICITS, and Bush-Cheney RECESSION, is a CARBON COPY, EXACT REPEAT, of the Bush-1 Deficits and Bush-1 Recession, brought about by PHIL GRAMM"s SAVINGS & LOAN DEREGULATION and INSIDER LOOTING of MILLIONS out of the nation's Savings & Loan and bank vaults, with INFLATED APPRAISALS, INSIDER LOANS, OVERSTATED ASSETS; and KEATING-FIVE PROTECTION from agressive state and federal audits!

SENATOR JOHN McCAIN, THANK YOU for illustrating how SUPERFICIAL, cowering, and PATHETIC the American DO NOTHING BUT LIE "major Media" has been, that they can NOT even ask a question YOU WOULD EXPECT of a 9'th Grade "COMPARE & CONTRAST" social studies class!

(Note: there are 1,000 ONE-THOUSAND Right-Wing radio outlets in America; and far less than 10%, LESS-THAN-TEN-PERCENT "liberal" talk outlets to compete.


Note #2: THE BOOK that PREDICTED the Bush-2 RECESSION, and current financial institutions COLLAPSE:
INSIDE JOB: The LOOTING of AMERICA's SAVINGS & LOANS,
by Moulo, Fricker, and Pizzo, 1989.
http://www.amazon.com/Inside-Job-Looting-Americas-Savings/dp/0070502307
As the title implies, the S&L debacle of the 1980s was not an "accident" of home buyers making mistakes purchasing their homes; it was a PREMEDITATED effort, on the part of INSIDER BUSINESSMEN and bank executives, CONNECTED with the top tiers of both the Republican AND Democratic Party, who set out to make millions of dollars from GOVERNMENT GUARANTEED LOANS, writing themselves and their friends loans that WOULD FAIL, knowing the government would insure the losses.

Hence the $500 BILLION, in 1980s money, S&L Bailout debacle and subsequent Bush-1 DEFICITS, the DEFICITS that Ross Perot spent $12 MILLION of his own money (worth well over $25 million in today's dollars) EDUCATING AMERICANS about with his charts and twangy Texas drawl.

ALL THROUGH the 1990s, Republicans, big-business, and their media allies PUSHED the S&L debacle OUT of the news & financial coverage, substituting instead the soap-opera drama of hapless JIM McDOUGALs' Madison Guarantee S&L, which losses federal prosecutors, Ken Starr, and the New York Times and Washington Post were never able to state as costing more than $22 million. By comparison, Keating's LINCOLN SAVINGS & Loan lost TWO BILLION DOLLARS in taxpayer guaranteed funds; and President Bush's son Neil Bush's SILVERADO Savings & Loan based in Colorado COST TAXPAYERS ONE BILLION DOLLARS.

for more on the INSIDER nature of the S&L financial crash, and how "insiders" included both Democrats and Republicans, see "The CIA, the Mafia, and George Bush" (Sr.), which builds on the foundation of "INSIDE JOB", and in the introduction spells out that had the Democratic Dukakis-Bentson campaign won election 1988, the title of the book would have been "The CIA, the Mafia, and Lloyd Benston"

So Much for "FREEDOM" of press: Texas Gov. Perry CENSORS media overflights of Hurricane Ike devastated beach areas...

Media Obstruction in Galveston
Press denied access in the wake of Hurricane Ike
By Curtis Brainard
Thu 18 Sep 2008
http://www.cjr.org/the_observatory/media_obstruction_in_galveston.php?page=2

ABC News affiliate in Houston carried a video of investigative reporter Wayne Dolcefino confronting Texas [REPUGLICAN] governor Rick Perry about temporary “no-fly” zones for TV helicopters over parts of the Bolivar peninsula and west Galveston, the hardest hit areas. Later in the video, Dolcefino tells the ABC anchors:

After Katrina, we were able to go to Waveland, Mississippi, and Gulfport, and Biloxi, and places that were devastated, where there were, sadly, bodies on the road. Now that’s a horrible thing to see and a horrible thing to show, but people who live there, who have friends there, who have relatives there, have a fundamental right to know that stuff. They have a fundamental right to know, not just from the words of a politician or public official, but from the news media, which are independent of government and have also the responsibility of trying to help the public evaluate response…
We couldn’t get crews back on Galveston last night and this morning until we complained on the air for about twenty hours. And it’s not because we want to sightsee, guys, it’s because we have the responsibility of telling people… I made it as clear to [Gov. Perry] off camera as I did on camera that this is not going to be tolerated. You know, we hear about disasters in other countries—what was it, Burma, Myanmar—where they won’t let people in to see and you know, this is the state of Texas; this America. And we’re not trying to interfere with rescue and search operations, nor did anyone suggest we would be."
http://www.cjr.org/the_observatory/media_obstruction_in_galveston.php?page=2