Wednesday, October 01, 2008

Nothing left

It's been years now since I said that George Bush and the Republicans were using the federal government like an ATM machine. These recent surreal days: don't you feel uneasy, watching Wall Street go crazy? Doesn't it feel like something vast and ghastly, a dark coda to 9/11, the Iraq adventure, Katrina, all those other crazy events of the last eight years, is going down?Don't you feel queasy? To mangle John Lennon, "Grow old, become a bum / The worst is yet to come."

And so, yet again, with inexplicable absence of moral outrage or even just rage, the New York Times:

"Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

Nobody wants to be left out of Treasury’s proposal to buy up bad assets of financial institutions."

So, they are robbing us blind as the curtain is falling. At least we now know that George Bush was never the fascist some said he was. He was just a thief. On dollar bills it should read: "In this god we trust."