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TechnoratiThe $700,000,000,000 Power Punch
Socializing Debt, Privatizing Profits and Power
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
Language from Section 8
Treasury Financial Bail-out Proposal
Breathtaking in its scope and staggering in its dollar amount, the Treasury Financial Bail-out Proposal to Congress is a parting power punch from the Bush Administration. Even as the American economy melts down, George W. Bush and his cronies are taking advantage of the emergency situation to turn over $700,000,000,000 of American tax payer's money to bail out the same greedy, corrupt corporations that got us into this mess; transfer most of the scant remaining congressional power into private hands and eviscerate judicial or administrative review of the process.
"The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation," and so begins the Proposal that is perhaps the biggest peacetime (or anytime) transfers of power from Congress through the Administration to private corporations, in history.
Democrats, the American people and patriots of every partisan position, should not drink the $700,000,000,000 Power Punch. There is no circumstance under which we should tolerate this open theft of public funds, and permanent transfer of Congressional and Judicial power through one man, Treasury Secretary Henry Paulson, directly to private sector corporations, without oversight, review or accountability.
The upcoming Congressional elections and the fear inspired in the heart of every incumbent politician are certainly no excuse to capitulate to this brazen, corporate power grab. Democrats, true-blooded Republicans and the American people should not be intimidated by the rushed, fear-mongering tactics of King Henry Paulson.
While our economy is in historic trouble, it's simply impossible that more of the same power without oversight - the same unmitigated, unregulated nonsense that got us into this mess - is the cure to the precipitous plunge the American economy is taking.
And while Congress should respond quickly, they should move with great deliberation and not in a few days so that they can adjourn by Friday, go home and hit the campaign trail. If they do, it is every American's responsibility to hold them accountable on that trail, at campaign events and when they call asking for donations, to jam their campaign phone lines and offices with angry Americans demanding solutions.
Commentators are saying that this Treasury Proposal is not going to turn the economy around. While they are fully responsible for the current situation, given their 2 decades of deregulation, even some Republicans are seeing the light on this bailout. Jim Bunning, (R) Kentucky said, "This massive bailout is not a solution, it is a financial socialism and it's un-American."
The Bush Administration finds socialism despicable, when it comes to an issue like health care, but not when it benefits private corporations through corporate welfare - like the $3,000,000,000 annually given to the fossil fuel industry, that takes our tax money, then gouges us at the gas pump, while making record profits. This Treasury Proposal is another attempt by the Bush Administration to socialize debt and risk, and privatize profits and power.
Barak Obama's idea of treating the tax-payers like investors, and sharing in the upside as Wall Street recovers, is brilliant. He is suggesting that Americans make an investment, but not a handover without being made whole when the economy recovers.
Obama is suggesting, but still not demanding, that oversight is required. If King Henry doesn't include oversight in his bill, Obama will suggest that oversight be included, but not necessarily vote against the Proposal. That's insufficient, at best.
Historian Allan Lichtman says, "The American people are mad as hell that an administration that has spent eight years giving to the rich and taking from everyone else is now doing it again with a plan that does not include adequate safeguards and controls."
Dr. Lichtman continues, "Already the gap between the rich and everyone else is greater than at any time since 1929 on the eve of the Great Depression. It's outrageous and Obama should say so -- this is no time for coolness or detachment. Obama has come up with a decent plan on this, but he has fallen far short of expressing people's outrage. He should be demanding that adequate safeguards be put into the plan and insisting that the American people are owed nothing less. Outrage -- it is what the American people are feeling and what is missing from Obama so far."
By contrast, deregulator-in-chief John McCain still seems to have no answers, only questions and as he said himself, he doesn't understand the economy. In Jacksonville, Florida on September 15, 2008 he said, "Our economy, I think, is still -- the fundamentals of our economy are strong."
As we careen toward economic destruction, which will reverberate across the globe, Americans want solutions, with a primary goal of protecting the tax payers. We want to see righteous anger in our leaders that matches our own, about being looted, robbed once again, by the very wealthy corporate CEO's, employees and shareholders.
These are the same giant corporations that pollute our air and water and destroy our forests and biodiversity, leaving us to deal with the resulting degradation, illness and disease. Those wealthy corporations can now take individual's private property for "economic" development, outsource our jobs, avoid paying Americans a living wage and benefit financially from war.
These corporations reap record-breaking profits, exclusively for the benefit of the very few. Meanwhile the little gal and guy struggle to live, breathe, work, put food and clean water on the table, pay the electric bill, get an education, and find health care.
Americans demand that this not become another example of both of the corporate-controlled parties being more concerned with re-election and maintaining power for its own sake than solving the nation's potentially crippling economic problems.
Corporate looters should have to live in the brutal hell of a jail cell for derailing our economy, not be rewarded with additional power and more of our money as suggested by King Henry Paulson in his stunning move which we'll call: The Robin Hood Reverse, stealing from the poor to give to the rich.
34 Comments so far
Show AllHERE ARE JUST A FEW OF THE QUESTIONS WE NEED TO ASK:
What is money? What is its nature and function? Who should have the monopoly on the creation of credit?
For details on this read what Lindsay has to say about complementary and community currency (CCC) at:
http://brainmeta.com/forum/index.php?showtopic=19724&pid=92972&st=0&#entry92972
For more details about the work of Professor Bernard Lietaer check out www.transaction.net
Also, check out the writings of Hazel Henderson:
http://hazelhenderson.com/editorials.html
http://hazelhenderson.com/editorials/politics_of_money.html
http://hazelhenderson.com/poems.html
The only "unmitigated, unregulated nonsense" was the meddling, liberal governmental bureaucrats who pushed idiotic regulation down the throats of formerly regulated banks. They ordered the banking industry to abandon any semblance of fiduciary responsibility and give loans to people who couldn't pay them back. This socialist doctrine of utopia demanded that everyone was entitled to a house and didn't have to earn one -- especially if they had no savings and no identifiable income. And they were theatened by Janet Reno with fines of up to $500,000 per incident in addition to regulatory hell if they didn't give money to all who asked for it.
You honestly think that Obama is some kind of genius by inventing the idea of the general public as "investors"? THAT is ancient political-speak, not new thinking. Every time a politician (of any party) uses the word "invest" it always means "spend" and the American taxpayer always gets the shaft. (eg: We must "invest" in our children means "we must pay off the teachers unions -- screw the kids".) Obama wants to "invest" all over the world, which means he wants to piss away the fruits of our labors on a global basis. It's not brilliant. It's idiotic.
Obama is suggesting that oversight is required? Since 2000, the republicans have tried 12 times to reign in this madness with sane fiduciary regulation and each and every time the democrats blocked it because their hands were in the cookie jar and they liked things just the way they were. Barney Frank, the dem who was in charge of oversight (talk about the wolves guarding the henhouse) always insisted the system was not in trouble. He should be in jail. If he were a republican, you would be demanding his head on a platter. Why doesn't Obama question his buddies as to why they REFUSED regulation at every turn? He can't, because he was one of the major beneficiaries of this rampant corruption and he pocketed quite a bit of taxpayer money, along with his wife whose salary more than tripled as soon as he got his grubby hands on his constituents cash and he paid off her employer. The democrats took hundreds of millions of dollars -- why would they want the flow to cease? They should be in jail for what they did -- along with the republicans who wandered over to their side of the aisle in this issue.
Wall Street firms like Goldman (who were notoriously liberal democrats) put together billions in financial instruments -- and I don't blame them! What the hell, right? Their cronies in government just told them they can take all the risk they want to -- because the government was there to back it all up with guaranteed taxpayer dollars. Possibly limitless riches on the upside and nothing to lose on the downside. I was a Wall Street trader. I took a lot of risks. Sometimes I lost big but mostly I made out better than most people. But I tell you, there was nobody there to catch me if I fell. And that is the way it should have been. If I'm willing to take the risk of losing it all, I deserve the reward. Liberals have turned everything upside down. Now, if I'm big enough, I can take all the "risk" I want to because I'm guaranteed that if I win I will walk away with all the cash and if I lose, I don't lose anything because I can just dump it on the government. It is nothing short of criminal.
Again, the seed of this problem was the liberal thought process that wanted to re-distribute wealth, and damn the consequences. Well, we're up to our eyeballs in consequences now. The poor and the shiftless took advantage. The greedy (big corporations AND whiney-ass liberals) took advantage. Liberals and conservatives took advantage. Political hacks like Obama took advantage. It was a free-for-all, thanks to the progressive liberals who opened up the Pandora's box in the first place.
Obama is not going to solve this. He learned well at the feet of the most politically corrupt machine in the country who rigged his first election so that he ran against NOBODY. He went from a poor black man to a multi-millionaire at the largesse of people who picked the pockets of the people he supposedly cares about and put it into his pocket.
What gross hypocrisy. And what astounding ignorance in defense of it.
hahahahaha...
You have been transported to the twilight zone..we control your t.v., the horizontal and the vertical, we can even wipe your mind clean of all those bad thoughts of Wall St. that take huge risks in the name of the taxpayer and pensioner.
I stand with Ralph Nadar and ask, "Why bailout at all? What is the bailout for? It doesn't remotely help those small homeowners whose homes arebeing fzoreclosed. It's pure and simple an economic 9/11 and the hoi polloi's (Bush, McCain, Obama, Pelosi, Rubin, Gramm et al) are asking to swallow the same nonsense they feed us during the original 9/11 charade when we were told we had to invade Afghanistan and Iraq.
We musn'tsd a.low ourselves tobe herded again into another ill-thoughtout, snap decision b ased on fear and panic.
I say No bailout unless thebailout directly provides relief to those whose homes have been foreclosed, to those who have lost their jobs to offshore NAFTA agreements.
In the real world, if Main Street conducted its economic business in the same caeless, crooked, illegal way that Wall Street and its Washingtron insider lackeys have done we would have to file for bankrupcy with no relief and would probably be doing a lot of hard time in prison. Obama and McCain both voted to limit what Main Street folks could do in regard to claiming bankruptcy and tort cases against big corporations. Let them both likewise vote to do the same to big corporations. Instead of limiting how mjuch money the big CEO's are personally going to realize form this economic 9/11 bailout, Congress, Bush, Obama, McCain should be saying they are going to see to it that a whole parcel of these CEO's should also expect to do hard time whether the bailout happens or not.
10 trillion, 11 trillion--what's the big deal? We'll never pay it off. The US is being modeled after ENRON. The dollar will be declared defunct and we will get the 'Amero'... This isn't a "power punch" but a SUCKER PUNCH.
It won't matter if Congress passes the bill or not. This country is headed for some bad times. Fasten your seatbelts, it's gonna be a bumpy ride.
Paulson's tactic is
described by Naomi Klein
in "Shock Doctrine"...
------------------
Capitalism is dead.
$2,300? I guess that would be sorta' like having someone drop by your place to steal all your appliances in broad daylight -- a stove, a fridge, coupla' window air conditioners -- the crooks introduce themselves -- 'say, hey everybody, we're your local crooks --howdy-- we need the fridge, the stove....you got a stereo?'
the next time you pay an extra nickel or an extra dime or an extra quarter or dollar for anything -- think of these guys on wall street -- they're laughing, they're drinking champagne, they're happy they can continue about their business of predatory lending and marketing irretrievably bad securities --
when they feel like spitting, they confidently spit on every person in the world who makes less than they do
the pols -- forget party -- they're just being friendly with their buds --
why wouldn't a politician be friends with a stock broker? seems like a match made in heaven if you ask me --
there's bush again -- just like the iraq thing -- america must take action to prevent us from going to a place most americans don't want to go to -- that place smells just about as bad as dick cheney's boxer shorts after a long hard day munching them with his sphincter --
where do you think it ends? only with slavery -- this is just one little step along the way
peace
There’s no excuse for allowing the collapse of the U.S. economy to happen.
No deals, no amnesty, no pardons.
Pursue the Bush administration beyond January 20 until they are brought to
justice.
FREE AMERICA
REVOLUTIONARY (DIRECT) DEMOCRACY
Yes, we have the perfect tool for Direct Democracy. It is called open forum and it just needs to be designed right, it won't not be difficult to form. I can add my part to it, I propose the forum produces a paper trail which can be checked and questioned in the Congressional Building.
Let's evolve this broken tyrrany of pseudodemocracy into what our government was meant to be, By the People, For the People.
Capitalism is dead.
Where in the world has Congress been for the last year??? This has been predicted on the internet for over a year, especially with the meltdown in the housing foreclosures. Why hasn't there been any hearings on the economy. This certainly couldn't have come as a complete Surprize to everyone. There must have been an inkling in the halls of our sacred center of government.
thank you, ms. strickler. good job, spelled out in black and white. still, there are those whose only comment(s) seems to be slamming obama (yes, toast, you). self-delusion is indeed the worst kind of lie.
of almost equal importance is bombs away mccain's declaration today to suspend his campaign, also stating there is no need for a debate. of course there's no need for a debate, especially for someone so ill-equipped to carry on a debate. like him or not, obama would do to mccain what a border collie will do with a flock of sheep. herd them, circle them, drive them, lead them, and finally, close the gate on them. in similar fashion, all mccain would be able to do, with a dumber than dumb look on his tired and angry and wrinkled face, is think gee, i didn't even see that coming. two words for you, johnny boy: chicken. shit.
"Even as the American economy melts down, George W. Bush and his cronies are taking advantage of the emergency situation to turn over $700,000,000,000 of American tax payer's money to bail out the same greedy, corrupt corporations that got us into this mess; transfer most of the scant remaining congressional power into private hands and eviscerate judicial or administrative review of the process."
There is no crisis. It's a manufactured, color-coded, scare job, that stinks of the Patriot Act. Same phony M.O., make noise (AIG, Fannie/Freddie) wait until congress is up against a recess, and strike. If it worked like they wanted, it would already be signed by Bush. Or maybe the whole charade we're seeing now---making it seem a little better---was part of the plan too.
Capitalism is dead.
Isn't it ironic that a section eight is a discharge for mental instability in the military. I can't believe the fine mess Bush and congress have gotten us into. This is insane.
http://www.boppoll.com
Sioux Rose
FV HORN: Your post should be a full page "ad" in a major newspaper. Great ideas!
FRANK: There's a magic to the number 7... the cons just figured, "pull a number out of the hat, something the media can wrap itself around." "Oh, I got it... 7, let's just ask for 700 billion.... " "Sounds like a plan!"
This crisis is a DEBT-BOMB that finally blew up after ominously ticking throughout the entire Bush Regime. It is time for the American people to really own their currency and their banking system. Meanwhile, The Paulson Plan is truly a stick-up by a criminally-involved thief, robber baron, and con artist of the first magnitude. He imperiously decrees his extortion plan upon the citizens, like your typical CEO/plantation master. And wants the ordinary citizen-taxpayer, already screwed by the system in a myriad of ways, to be the bagholder... holding nothing but a bag of shit.
If the people's treasury is to be used, then let the people OWN the means of production. The banks should be nationalized, the financial markets should be nationalized, the Fed should be nationalized. The structure of trade should be rendered fair and equitable. All derivatives should be cancelled immediately, with the holders taking the losses. Deriviative should be made illegal. Futures, options, warrants, margins... cancel them all, and make them illegal for the future. They are just means of obfuscation. They are, as the name implies, 'derivatives' from realities (essentially a giant 'bucketshop' with betting slips), and NOT realities, so they can be, as has now been shown, multiplied beyond all reason or reality at all... they are casino chips, which of course can be made in limitless numbers.
There are $500 TRILLIONS worth of 'deriviatives', or DEBT OBLIGATIONS (that had been 'sold' as 'hedging' or 'Insuring' your investment bets... some 'insurance' eh?) RIGHT NOW that need to be 'Unwound' or made good... and that is a conservative figure because it is all unregulated, unreported, and of unknown value... just like Paulson and his ilk wanted it. It is all phoney upon phoney. They were making their own 'money' in a counterfeit sort of way.
Just CUT the Gordian Knot woven by the Wall Street magicians in order to bamboozle the pubic while they pick its purse. They can tie you in knots with meaningless mumbo jumbo, 'bold' and 'urgent' 'rescue' plans and cute-face advertising. Cut the Knot by having the government seize the banksters' assets completely, not just letting Paulson dump the shit onto the taxpayer while keeping the goodies for himself and his cronies. And when the government owns the mortgages, it can reset the mortgages to the true balance of income to debt, which was totally discarded in the mad rush to cash in on naive people, triggered by Greenspan and the Banksters and 'Securitizers'.
And do away with the Republican-Right-Wing NeoCon Bankster-owned-and-operated Federal Reserve, in its current incarnation. Let it be a true national reserve, serving the public interest rather than banking iterests. Open its 'discount window' to the government and NGOs at 1% or 0% and eliminate the interest payments from governments (bonds are PAID by the taxes of other taxpayers to the wealthy and are NOT TAX-FREE!) to the richest amoung us... which is a governmental Re-Distribution of Wealth Upwards to the Wealthy.
Kill 'compound' interest, interest upon interest upon iterest, until much of the American people's taxes are used just to pay interest on the compounding and growing Federal and State DEBTS. Let the goverment RUN the marketplaces for fairness and transparency, the NASDAQ and NYSE and so on, instead of the current system of regulation by insiders.
Somehow, all Americans will let the government run our very military defense, but when it comes to our financial structure, well that is the private province of the Paulsons, just as when it comes to environmental protections for all life, then that is the province of the private property 'free' market, where the dollar decides.
When the government seizes good goods, like it does with other swindlers and crimimals, like drug dealers (and Wall Street IS NOW a drug dealer- the drug being MONEY and its love and worship... guess it IS the ROOT of ALL EVIL, eh!) then the government may come out ahead. This may even put a dent in the $18 Trillion we citizens now owe as part of the miserable Bush Legacy, a debt grown on purpose and by Bush Regime deceit, so the rich can keep more of 'their' money, and take more of the American people's money.
And we must all Now, Finally, be aware that the 'free' market baloney is a sham, and we must call instead for Fair Markets around the world. To hell now with Friedman, Friedman and Greenspan. Fair Markets must now be the rule. Socialism for the people's legitimate social trade, as that is what currency and banking systems are there for. They are not there for speculators and crap shooters to make a killing on- literally. And bust up any corporation worth more than, say, $5 billions, with anti-trust action.
There are many good solutions and ways forward. But NONE of Paulson's, Bernanke's, Greenspan's, Rubin's, or corporate America's plans are socially-oriented, responsible, or progresssive AT ALL. In fact, their plans BAIL OUT the criminals, and leave them with the loot. And leave ordinary taxpayers, once again, with the bill for their ravenous feast.
Through this crisis, let us now strive to have a government, a currency, and a trading system that is of the people, by the people, and for the people.
Excellent!! I've said much the same elsewhere. For once, voters have leverage over an issue of vital importance because it's only 6 weeks till the election. We/They must hammer our reps daily demanding NO DEAL. Let Wall Street experience the bankruptcy it planned for all of us--Wall Street NEVER bailed out anyone. Paulson's and Goldman Sachs's plan was to get as many assets as possible at pennies on the dollar as I outline below.
Please, spread the word around widely--Paulson created the crisis and intended to profit from it mightilly. His initial plan's destroyed, but he's still trying to salvage some of it by other means.
No matter how populous sounding the republicans try to be about this "crisis", our country is functioning financially in an era they created.
This whole affair started as an asset grab by Goldman Sachs when directed by Paulson. I'll let this blogger explain:
"When Goldman Sachs conjured up something called the ABX index by bundling up mortgages into billion dollar batches and selling them into the market, the industry responded as it should have. The market rocked. Novastar kept to their conservative underwriting and contributed like the rest of the industry by funding those indexes. But then something strange began happening. Massive short interest and even more massive naked short interest built in the Novastar market. Millberg Weiss sued (and lost). Novastar dropped from a high of near $70 to around the mid $30s. Novastar was still making $$. Their portfolio was performing within the model. The dividend was huge. But that was just because those pesky shorts had overdone it with the share price. They would pay. It was certain........
"Then Goldman Sachs started massively shorting the very same ABX indexes they had just invented and sold to their investors. The shorting was merciless. The ABX index was small. It was a piece of cake to dominate the market with short sales. The prices on the indexes dropped clear out of sight."
The intent was to drive the smaller mortgage companies out-of-business and pick up their assets at pennies on the dollar. The big problem was this action also dropped every other lender's mark-to-market balance sheet value. So Paulson's greed ploy went out-of-control, as I'm fairly sure he didn't want to ruin the whole Golden Goose Economy, but that's exactly what he's done. Aside from the perps, there are only a few thousand people who know Goldman Sachs and Paulson are responsible for the mess. Well, not 100% responsible.
The SEC could have enforced the law and ended this whole happening long before it unraveled. Several blogs (deepcapture, investigatethesec, thesanitycheck), the CEO of Overstock.com, and the NCANS organization tried to raise the warning flag, once with a full page WaPost ad that spelled out the problem very well--in 2005!!
I know all this because I was involved in it. I tried to raise this issue here once comments were started, but few showed any interest. I even submitted articles by credible sources for publication here, but none were ever posted. As thesanitycheck writer bob o'brien has said, it doesn't feel good to be able to say I told you so given the immensity of the problem/lawlessness.
IMO, the cure is for Wall Street and its US associates to die--this includes the FED--a slow death through bankruptcy procedings. While that's happening, a democratized financial system and other systemic changes need to occur which I mention initially here and further detail here.
But first we must demand our representatives give this whole notion of bailout the thumbs down. The Wall Street Bastards need to learn what real PAIN is in a very intimate fashion.
I don't know, but its an interesting concept/question.
Can't we all at least stop pretending that the most dishonest administration in our history is telling the truth when they say "$700 billion"???
Clearly, the real number will be well over a TRILLION ($8,000 per taxpayer,) which almost pales in comparison to the $3 TRILLION we're paying for Fredie and Fannie which, for some reason, has dropped off the radar, as if that problem has been magically solved (they got $5 trillion in 'assets," of which at least 60% are "toxic," or, as we used to say, worthless.)
That's $32,000 per TAXPAYER, the average of whom grossed $32,000 in 07 (coincidentally?), and netted an awesome $25K after paying an average of $7K in taxes.
Again, let's stop jerking ourselves off - assume this administration LIES whenever their lips move, and, to be safe, add 40% to whatever numbers they spit out. (Remember when they said the Iraq "war" would only cost a couple of billion, which turned out to mean at least $3 TRILLION?)
According to Bush, if Congress doesn't act immediately, then Osama bin Laden and Al Quida will unleash financial weapons of terror upon us innocent Americans. According to Powell, who's been secretly living in a cave next door to Osama, there's evidence that Osama has been printing massive amounts of Islamo-mortgaged backed securities and is funneling collateralized debt obligations secretly into the hands of the Taliban. If we don't act now to fund this war on financial terrorism, then there is no telling what devastation will be wrecked upon the innocent. We must act immediately. As Bush says, "Not on my watch."
You are right, people are outraged!!
And further, we should not only be jamming the phone lines, but jamming the streets, too!! We CAN'T let this bail-out happen!!
And Obama needs to get fired up.
Some of us are counting on him (sigh).
The Dem party is blowing the greatest opportunity to promote Obama. They should be placing him front and center with a plan to announce to the nation, to prove that he is ready to take on the job as President (since, if he wins, he'll inherit this mess !). So why aren't they doing it ??
Karyn Strickler,
You had me. You had me with complete conviction... that is, until you suggested that anything that comes out of Obama's mouth could ever be called brilliance.
He is simply more of the same. Oh, he will undoubtedly posture in a way that appears to some Americans that he is knowledgeable and has their best interests at heart, but in the end he will endorse the corporatists who have bought him... he will capitulate. He will willingly and unequivocally surrender to the lying soul-sucking corporatists who are holding America's future hostage and demanding ransom.
Why?
Simply put... he is owned. He represents "The Party" politics at or near their worst... as do most all the rest of our "leadership". He and the rest have enabled and explicitly validated these corporate "dividend payouts" at every juncture in the road to our failed economy.
That you would believe otherwise in such a demonstrable way as using this opportunity to praise Obama, leads me to escape your clutches and seek a more informed source of opinion.
Self-delusion is the worst kind of lie.
That's not counting on much.
Rickster
This was why it was so vitally important to IMPEACH these criminals several years ago when they had the chance.
Probably because it would have revealed their own criminality or culpability in it all.
Seven hundred billion ($700,000,000,000.00), that’s about 2300.00 dollars for every man, woman and child in this country. I wish I could say, well $2300.00 isn't much and I’m not going to worry about it but I can't. To many Americans will be hard hit by this.
Rickster
Money for nothing.
It's not like they did nothing. They set up an apparent crisis. They spring the crisis on the marks with a huge amount of drama and noise and demand a lot of money to make it better. They insist that the decision has to be made now or things will get worse. Then they have an accomplice walk onto the scene and tell you that the crisis is really bad and that we should hand over the money now.
They've structured this thing like a huge street con. It's the roof patch con times a billion. Instead of $700 they're demanding $700 billion.
It's weird how nobody in the media can see this. If I pulled this con on your average republican in plumbers coveralls they'd pitch a fit.
Fighting the forces of rather dim lighting wherever they may be found!!
And not even any 'chicks' for free?