Fooled Again

Now that the bailout has passed and the stock market continues to tank and the credit squeeze gets tighter, will someone finally admit that we have just thrown good money after bad. Why would we have thought it would be any other way? The very people who have been wrong about almost everything (the Bush Administration, in case you missed it) first told us that disaster was on the way. "The sky is falling, but we can fix it," would have been an appropriate caption.

Now, post bailout, things continue to get worse. European banks are experiencing their own crisis, Asian stocks are off and banks continue not to loan money. Wasn't the bailout supposed to fix that?

Oh, I see, you actually believed the Bush Administration when they said this cash give away was necessary for the economy. Yea, and privatization led to the efficient clean-up post-Katrina. Of course, privatization and the bailout are ultimately, or should I say, intimately, connected. Both efforts reflect the real agenda of the Bush Administration - dismantle the government and strip all the assets for their cronies. Somehow they have managed to outdo themselves. They've managed to finance all of this by pawning off the debt on the public.

Now that the bailout has passed and the economy continues to tank, we see the real reason Henry Paulson had such a difficult time explaining the plan: there was no plan. The Bush-ites have done it to us again. They have pulled the wool right over our eyes. Just like the Patriot Act, just like the abuses of power, just like everything else.

And that, my fellow ripped-off citizens, is the real shame.