Mark it up - for the sake of hystery
Public Markup now has the "TARP" bill up in a nice format, along with comment threads.
I gather it's being called the Emergency Economic Stabilization Act. (Roll call here).
What's odd is, in the past, the USian mass has not seemed too bothered when various Powers were given (or considered as possibly to be given) toAsshats Public Servants to serve as czars overseeing drugs or other terrifying, fearsome, or otherwise emergencifying bugbears from the black lagoon.
But somehow here, the middle class and its wingnut angels see a problem with greasing the skids of commerce if the commerce is abstract, has international dimension, and doesn't have some goober from Kansas with his pitchfork standing in front of it.
I gather it's being called the Emergency Economic Stabilization Act. (Roll call here).
What's odd is, in the past, the USian mass has not seemed too bothered when various Powers were given (or considered as possibly to be given) to
But somehow here, the middle class and its wingnut angels see a problem with greasing the skids of commerce if the commerce is abstract, has international dimension, and doesn't have some goober from Kansas with his pitchfork standing in front of it.
Labels: apocalyptic economics, bailout, illusory middle class, wall street
posted by Tom Matrullo at Monday, September 29, 2008
3 Comments:
Lie is a cabaret, and money makes the world go round.
USians are fine with trashing Iraq, but apparently turn into isolationists to the extreme when it comes to banking. Leave it to the furious mustache to get it entirely backward.
http://www.nytimes.com/2008/09/24/opinion/24friedman.html?_r=1&oref=slogin
Yes. This is laughable, the way I read it:
This is a financial 9/11. As Americans lose their homes and sink into debt, they no longer understand why we are spending $1 billion a day to make Iraqis feel more secure in their homes.
Is he suggesting or admitting that "the Americans" (or more accurately the Administration) carried out the first 9/11, and now have bombed their own economy (which seems to be the case)? And it seems he is clearly stating that the most recently stated reason for invading Iraq is to improve conditions for Iraqis, not to forestall imminent mushroom-cloudness ... or to save Iraqi feminism from Hussein, or to stimulate the market in purple dry ink, or whatever.
It seems clearer and clearer to me that anything that appears to hold the possibility of keeping people from driving from their suburban home to their cubicle or the video store, or hanging on to a job so that they can keep their monthly cash flows up to date .. in short, to continue living in the ways they have been accustomed to .. represents a real existential threat to be attacked immediately.
I assume that at some point in time it will become completely psychologically exhausting living in conditions of daily crisis on a large-scale reality television show. And then, I think, things will get really really dangerous for everyone else on the planet.
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