Wall Street fleecing goes into hyperdrive

wall street stick-up
The Great American Swindle. $1T Bail out plan for Wall St. would give absolute power to Treasury Secretary Paulson, his decisions on how to spend the money would not be reviewable by Congress, or any court of law. This, after they included a provision in the $85B AIG bailout that lets financial firms use customer assets to insure solvency — which means they can borrow your stocks, bonds, CDs, money market acct., etc. — without your permission — and if they go under, you are just another creditor in bankruptcy court.

The GOP Disease. The “Party of Responsibility” morphed under Regan deregulation into Capitalist Anarchists, “failures are just the market regulating itself.” But now that that the financial institutions are failing (which the regulations were designed to prevent) they suddenly become Socialists — but only for the filthy rich. The other 95% of us are left on our own.

The bailouts of Wall St. brings to mind Republican president Ronald Reagan’s comments about “welfare queens driving Cadillacs,” but today’s welfare queens have private jets, enormous mansions, and multi-million dollar incomes. And that’s just fine with the GOP.

McCain declares war on the New York Times, for revealing his campaign manager was behind the deregulation that brought on Wall St. collapse.

Conservative George Will goes after McCain.

McCain lies. He said he supported Northern Ireland peace process, but he opposed it.

McCain opposes MidEast peace process.

Why is John McCain so afraid of Rachel Maddow?

Top Alaskan Republican, Senator Lyda Green says “Palin isn’t prepared to be governor. How can she be prepared to be vice president or president? Look at what she’s done to this state. What would she do to the nation?”

McCain’s chief of staff outed as gay. Suppose Sarah Palin will demand he be burned at the stake? Or will she just shoot him and mount him on the wall of her den?

Rush Limbaugh says Obama isn’t black, he’s Arab.

Fool us once … we won’t get fooled again. Polls: “by a two-to-one margin Americans blame Republicans for the current financial crisis.” 82% say the economy is getting worse (0% say it is getting better), and only 28% support the bailouts. Not that the politicians, bought and paid for by Wall St., give a damn what we think. Oh, and 54% say the US is losing the “war on terror.”

Excerpts from Thomas McCullock’s Sept 23 notes, thomasmc.com.

George Will’s vocabulary outshines him

George Will Hitler bowtieCOLORADO SPRINGS- Some people look smaller in person than they do on TV. Many of us only know George Will from newsprint, but in person he’s an organ grinder’s monkey, amusingly agile, if a little threatening, but basically smallish and tethered to somebody asking for money.

Maybe it was my perspective from the steep audience seating in the South Theater of CC’s new Cornerstone Arts Center. Maybe it was looking down at George as he walked in circles between folksy baseball anecdotes, over-simplified economics and patronizing criticism of the American culture of entitlement.

I wanted to ask how a gentleman of his obvious acuity got any pleasure from addressing audiences like they were idiots. People who applauded him, by the way, and laughed at the slightest old joke. “Half of all students are of below average intelligence.” Hahahahaha. “I’m glad you got that one.” Hahahahaha.

I remember a professor I had in an advanced math class who used to berate us undergrads for the time he had to waste with us. Tonight’s audience was filled to overflow with Colorado Springs’ better-heeled hayseeds, but George Will seemed perfectly at home.

Will’s “reflections on the 2008 election” consisted of the usual horse race stats about which states have to be won by whom in order to satisfy the probabilities of precedent. “History is consistent after all,” he was attributing this adage to someone I think, “right up until the moment it isn’t.” Hahahaha. Numbers and groups of states, etc. The next president may again win the necessary electoral votes and loose the popular vote.

As a gesture to the college age portion of tonight’s audience, Will offered that all the statistical stars were lining up for a Democratic win in November, but to his contemporaries in the theater Will later confided that he didn’t consider Obama ready to lead. He also opined that Sarah Palin would provide a refreshing change to Washington DC.

Thankfully the Pulitzer Prize rewardee soon wrapped up his election year remarks and got back on the horse he undoubtedly had been commissioned to ride. Scold Americans for their entitlement mentality and convince them to privatize Social Security. There followed a Libertarian mocking of all social responsibility, and an incredible stretching of credulity seeing the absence of ready rebuttal.

Take for example, Big Pharma. George Will applauds Big Pharma and the obscene profits they reap. Those profits are only appropriate, he says, considering the tremendous costs the pharmaceuticals bear with R&D and the circumnavigation of regulations. Really George? Profit is the product of income minus expense. You want to count the expenses twice? One might compare profit against expense in the light of risk, but wouldn’t that be to beg the definition of “obscene” profits, considering none have reported obscene losses?

Will chastised the growth of the Agricultural Department citing the narrowing ratio of Ag employees to American Farmers, without referencing the precipitous rise of Big Agra and the eclipse of family farms.

Of course, entitlement programs were the chief evil, while no mention was made to corporate entitlements or bailouts or subsidized banking or the federal deficit, EXCEPT where Americans will obviously have to borrow from the next generations to finance Medicare and Social Security.

While George Will admonished Americans for wanting more from their government, he expressed not a single curiosity for how every other developed nation is able to care for their sick, their poor, and their elderly. In fact, Will compared West Germany to East Germany as an example of Capitalism’s proven superiority to Socialism, without observing that modern Germany’s social system is not the heartless one he advocates for here.

Will got lots of applause, and fielded no challenging questions. A last answer, defined for me, the nature of his limited mindset. Will was asked if a sales tax mightn’t be a more equitable substitute for the income tax. Never mind it being regressive, the suggestion certainly pleased the crowd. George Will explained that a sales tax would have to be in excess of 20% to provide the same monies. This would be unfeasible, Will pronounced. But he didn’t say it was because neither the poor, nor the working class, nor the middle class could afford a 20% rise in the cost of living. No, Will described how buying a $500,000 home would mean an additional $100,000 in tax. Unthinkable he said. And he accuses Obama of being elitist. Hahahahaha.

George Will, Brown Nose for Brownshirts

Syndicated columnist George WillCOLORADO SPRINGS-
George Will is in town tonight at our little local elite school for the elite kids of the elite, Colorado College. I have always hated to even look at this guy’s face, haven’t you? My dad, may he rest in peace, found George Will to be the most irritating and pedantic asshole of all the print columnists, and it made it even worse when the twit was on TV talking head shows. So out of respect for Milton the Monster (Dad!) I will be there to greet George Will, Brown Nose of the Brownshirts, and Imperial Asshole Extraordinaire to our community. Be there and be square (if you actually like the jerk or respect him???). Be there 30 minutes early and protest the war that this guy supports if you don’t.

Propagandist George Will to speak at CC

COLORADO SPRINGS- War propagandist George Will is scheduled to speak next week at Colorado College. He visits the unabashedly neo- liberal arts campus on Monday, Sept 8, and takes to the Cornerstone pulpit at 7:30PM. Will’s syndicated cynical malignance offers consistent proof that “conservative intellectual” is an oxymoron like idiot savant.

Will’s CC lecture is entitled REFLECTIONS ON THE 2008 ELECTIONS. While “reflections” sounds airy-udite, it reflects to me someone who’s opining on an image already cast. NPR’s Mara Liasson came to CC in 2004 with an identical pretext.

I’ve learned not to suppose soulless assholes stumble dumbly by their malevolence. George Will may project a perfectly brilliant charm, as would have, Tokyo Rose. With the downward trajectory America has been taking toward Fascism, we may not see the highly decorated Will brought to justice in his lifetime. I’d like to attend to assure him that some of us have his number.

Monday, September 8, 2008
REFLECTIONS ON THE 2008 ELECTIONS
Pulitzer Prize winner George F. Will discusses the 2008 presidential election as part of the Sondermann Series: Elections 2008. Will is a prolific author on subjects ranging from politics to baseball, a widely read columnist and ever-popular lecturer. His fans span the political spectrum. Additional events include a panel discussion with CC graduate and political journalist Chuck Buxton, CC graduate and political analyst Eric Sondermann, and CC political science professors Tim Fuller and Bob Loevy on Oct. 10; and a lecture by New York Times columnist Frank Rich on Oct. 26. Sponsored by Marianne Lannon Lopat Lecture Endowment, W. Lewis and Helen R. Abbott Memorial Fund and the Colorado College political science department.
7:30 p.m., South Theatre, Edith Kinney Gaylord Cornerstone Arts Center, 825 N. Cascade Ave.

US had NO enemies in the Middle East before Israel

Former White House Liar Tony Snow died of cancer. Conservatives want the flag flown at half mast, or perhaps invade a Middle Eastern country in his name.

Bush backs Israeli plan for strike on Iran.

Iraqi PM ready to oust US from Green Zone.

A 19th century president for a 21st century world power? McCain “learning” to use the internet. Now, at 50 I may be an old coot who doesn’t even have a cell phone (I refuse to be “on call” 24/7 for the rest of the world), but I bought my first computer and taught myself programing back in the 70s. My mother has been on the internet since the 90s. If McCain is just now “catching up,” how fast do you think he can comprehend the realities and needs of techological society?

The filthy-rich are doing just fine, thank you. Washington Post opinionator George Will defends Phil Grahamm, calls the rest of America “crybabies.”

Barack Obama’s poll ratings plummet after FISA vote.

Excerpts from Thomas McCullock’s notes July 13, thomasmc.com.

Fat Cats and the minimum wage

The fat cats are all upset again! They just can’t tolerate the thought of even having a minmum wage, let alone raising it. Our local daily rag, The Colorado Springs Fat Cats, fatcopycatted from George Will’s recent Washington Post column and urged that no raise be given to the poor. Let the ‘free market’ do it, or let them starve if not. In fact, as far as the local CS Blue Bloods are concerned, if the ‘free market was to provide no employment to people at all, well the devil be damned for all they would care.

It is a true indicator of our paltry national political culture, that the national debate on minimum wage rates hinges on whether for the billionaires to throw a few pennies the way of the peasantry, or to just let them starve. Those who favor tossing the few pennies get to pose as the DP humanitarians vs those against, the RP scrooges.

Oh, I’m sorry. That’s not fair. Our local daily rag says that they are actually advocating tough love for the poor, and therefore have to oppose the raise in order to help the near destitute keep working at the current minimum wage. They say if there was an increase that the whole American economy would collapse, and that the poor would all lose their jobs at Walmart, Manpower, and McDonalds. Such compassion for the poor! That’s what it is, of course.

That’s the real reason the fat cats oppose the minimum wage, this they say. Yes, and Iraq had WOMD, too. These folk are so sincere in all their concerns they have for the rest of us!

Can you imagine the fat cats actually giving a damn about anything other than their stock portfolios? Oh Yes. Maybe they care some about their Lexuses and country club memberships. too. Let’s be fair.