S.S. Thomas T. Tucker 1942
So grim has the McCain campaign become, and so diminished are the fortunes of the regressive right, that people are jumping ship now as if they owned stock in General Motors. And why wouldn’t they? This last week in particular has been one of the most horrible ever in American politics. You could start with the fact that a grossly under-qualified nominee for Vice President is already nearly being indicted for abuse of power, and she hasn’t even hit Washington yet. So far, that’s just a reflection on the grossly under-honorable man who selected her, purely to benefit his own career aspirations. But when you add in the fierce devotion that Palin engenders among the legions of the scary right, you can really get depressed.
David Michael Green | Payback's A Bitch
S.S. Thomas T. Tucker 1942
The European initiative forced Secretary of the Treasury Henry Paulson to do the right thing. It is 100 percent certain now that his plan to use the $700 billion bailout to buy-back the non-performing loans and bad mortgage-backed securities from the banks would have failed and led to disaster. Paulson stuck by his wacko plan even though more than 200 economists opposed him and the stock market tumbled 8 straight days in a row losing more than 15 percent of its value. The EU had to put a gun to his head to force him to do the right thing. Paulson's Wall Street bias is so great that he would have driven the country off the cliff just to reward his dodgy friends with lavish cash giveaways from the US taxpayer.
Mike Whitney | No More Investment Banks
