The River

Monday, September 29, 2008

Congratulations! We Just Spent $700B On Toxic Waste

By Winter Patriot


[when the bailout bill passes, we will be] proud owners of $700 billion worth of toxic waste, none of which we need and none of which we can afford to pay for.

If you read the mainstream media, you will learn that the bipartisan bailout effort was hampered by political bickering. This is politically acceptable code for the fact that the swindle was opposed by people taking firm, principled stands, on both left and right.

From the right, the bailout is seen as a case of government interference in a private sector issue. From the left it is seen as another instance of the government robbing from the poor to give to the rich. Both points of view are valid, and the combination tells a tale: the bailout is in fact a case of government interfering in the private sector to rob from the poor to give to the rich.

And that's why, to the extent that it was supported at all, the support for the bailout has been generated through the manipulation of fear, and fear, and more fear, and the dissemination of lies, and lies, and more lies.

Speaking of lies, how much does it matter that the firms about to be bailed out are under investigation by the FBI for securities fraud? None at all, apparently; and this is reality reversal at its finest. In normal cases of securities fraud, the government confiscates the ill-gotten gains from the criminals. But this time the criminals have been holding the entire country for ransom.


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