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!
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