Friday, September 26. 2008The View from the Couch: Where to Begin?Well, where to begin? The kind of capitalism the Bush crowd practices is the game of musical chairs sort. In the present case, depending how you look at it, the government (aka the folk who pay taxes) are left without a chair, or it/they are supposed to supply the chair that isn't there. For the last eight years, at least, thanks, in part, to McCain's economic guru, Phil Gramm, Wall Street has managed to leverage assets far beyond what the assets are worth. All this has been done with those often mentioned complicated (to whom, non criminals?) derivatives, swaps, etc. Of course, these "instruments" are valuable to the people who sell them to one another, since they take out large profits when they make the transactions. Yippi-yi-yay! This is an example of blood out of a turnip, and, now, the world is about to come to an end. President Diminished, George W. Bush, gave his scare talk the other night, eerily reminiscent of a speech Morgan Freeman gives in a 1996 movie called Chain Reaction. Freeman gives W.'s talk almost word for word, except the cause is the fear of free energy forever, something the One before he became the One (Keanu Reeves) has helped invent, rather than the Wall Street meltdown. Though the idea of meltdown is kept intact. John McCain then galloped into town, since that's where the cameras were, and, at this moment at least, he'll high tail it to Mississippi for tonight's debate. Can't wait. Bush did help McCain by dragging Barack Obama to D.C. for that very miserable photo op in the Oval Office. (And why didn't Bush give his scare speech from the Oval Office anyway, sitting behind the desk?) Through Republican legerdemain, it has fallen to the Democrats to be saviors of the Wall Street barons. This brings us to Bill Clinton. Clinton made the Democrats' coziness with Wall Street clear with his abdication to the wants of Robert Rubin. Yet, it is the loose lips of Bill Clinton that once again has stuck Obama with Joe Biden. Clinton has told us that he considers Sarah Palin "hot" (who would have doubted it!), and that John McCain is a man he can't help but "admire." It must have been all those Vietnamese civilians mangled by John's many sorties over North Vietnam that impressed the anti-Vietnam-war-nick Clinton. The guy is too much. Al Gore evidently went mad for a year or so after he "lost" to W., but Clinton is still becrazed that Obama snatched the crown he was going to share away from Hillary. It's hard to believe the big Bubba told the world his job in the Obama campaign was to win over the "cracker" vote. And speaking of crackers, Sarah Palin (in her case, a fire cracker!) keeps showing the world her true self. What I liked best in the Katie Couric interview was when she did her Dwight D. Eisenhower impersonation when he was asked for some contributions his vice president, Richard Nixon, made to his eight years in office. Give me a week, Eisenhower said, and maybe I'll think of something (a paraphrase). Palin, asked by Couric for some examples of McCain's work as a regulator (his new image), said she'd do some research later and get back to her. Priceless, as Master Card says, if the company hasn't gone bankrupt yet as the financial world comes to an end. Or not. Trackbacks
Trackback specific URI for this entry
No Trackbacks
|
 |
 |
 |
|
|
||
 |
||
