Finally, after 5 days of an attempted totalitarian take over of the ENTIRE United States Economy (which is supposed to be all of us, just in case you were never informed) by the Executive Branch (Dick Cheney, Bush, and Wall Street), the subjects of the royal court appear not to be rushing in to a blind assult on freedom, democracy, and the Constitution of the United States. By the way, this is groundbreaking consisering that it only took seven years for congress to question the executive branch (pssst, this is what they are supposed to do, its called the whole "checks and balances" thing that was put in place to ensure that no branch of government becomes more powerful than the other, avoiding things like monarchies, dictatorships, and oligarchies, but thats old hat now, at least for said seven years). After 5 days, Bush now needs to address the nation because he is running out of time and tenure to pass his Wall Street Bailout plan (wonder what motivated him to take action, I mean you got to admit if you are not a muslim and not in the wealthiest 1% of America, the man has paid little attention to you; sorry displaced African-American New Orleans residents, if only you had oil..). So, on TV tonight and under the premise that Wall Street is going to sink and all of are going to die, we now all understand urgency is more important than the Constitution, and this bill must be passed, like if a foreign country that hated us had weapons of mass destruction or something, right? Well, not so fast, We need to look at few things here. Questions such as: what are the administration's real motivations? And others such as: what are the administration's real motivations? Answers to such questions are needed, because no one that we have put in congress is going to ask them. Also, lets face it, getting this administration to do anything to help people is like asking Sean Hannity to be a lecturer for a civil rights class; it is'nt going to happen, and if it did we would get an entirely different story than history would judge.
First: Let's look at section 8 of the two page proposal which you can read at: http://www.nytimes.com/2008/09/21/business/21draftcnd.html?_r=1&oref=slogin
"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."
Hmmm...what does this mean. Well, lets just say for the sake of arguement that it is not illeagal and unconstitutional (which it is by the way). And, instead look at what it CAN mean. Well, what it CAN mean is anything that the Administration (Bush, Cheney, and US Treasury Secretary Henry Paulson) WANTS it to mean. And, here is what it probably means: before Bush and Cheney leave office, they will work with Paulson to refine a plan that will not only bail out Wall Street, but also, give them enough time to figure out what they are going to do in the mean time to protect their OWN assets and the wealthiest 1% or at least their own networks of buddies on Wall Street who paid for them to get elected. Becuause... They have no plan other than the bailout of Goldman Sachs and Lehman Brothers which will only TEMPORARILY prevent the market from significantly dropping and earasing much of the top 1%'s assets, and in turn denying credit for further seeking of capital for the expansion of NOT SMALL BUSINESS, but MAJOR CORPORATIONS( This is who Bush and Cheney work for, remember?) They owe wall street one for getting them in office through soft money contributions, plus they are them! So bottom line: THIS BUYS TIME FOR THE ADMINISTRATION ONLY.
Next, in a follow-up to Section 8 and its meaning, what does this mean for the incomming president in January '09...Well, just what it says, THE NEW PRESIDENT WILL HAVE NO WAY TO EVEN LOOK AT WAS DONE IN THE DEAL...EVER, nor will anyone else, according to the section, not even a court can challenge it, its all done in secret and if passed will never be revealed (and if it ever is, even if it is in two years, the damage will have already been done). This means that if, Obama particularly, is elected he will be faced with a 53 trillion dollar deficit to start, it was 0.00 when Clinton left, and will have no means of fixing this for at least two years after Bush has left. Good bye healthcare, good bye Social Security, good bye, well, you name it. There will be absolutely NO WAY for the next president to save these programs, let alone create new ones to save the old ones, or do anything progressive or innovative to help the people in America that need it most.
Second: If you haven't heard, McCain requested that Bush request a special session of congress to talk about finalizing the deal tomorrow, Thurs, Sept. 25th, at 10:00am est. In Bush's address, he says just that. McCain requested this earlier today, before the address and George came through. What does this mean...well, McCain has dropped tons in the past week's polls, some by 10 pts now, the economy being the biggest issue, and by McCain's own admission his worst to debate. Low and Behold, there is a debate this Friday, which many feel can help Obama close the deal in the election because, well debating is a strong suit for Barack and can be shotty at best for McCain. So what does McCain do...he suspends his campiagn because he thinks there should be a special session for congress to work on the economy, and cancels his debate appearance. Obama, says no way, and a few hours later Bush calls the special session on national TV. Now, more than not, the debate will be cancelled, I'd be surprised if it wasn't. You may even see Barack show up alone at The University of Mississippi, and have McCain just not attend. could this get any more weird this year?
Finally, I don't know if you caught the speech by Bush, you can see it here: http://www.cnn.com/video/#/video/politics/2008/09/24/sot.bush.economy.entire.cnn
But, if you listen, at no point does bush blame himself, the policies the administration put into place, or even mention things like deregulation. The closest he gets to that is saying a few (whoever that is) ruined it for the many. But, the many, which is all of us, Main street, not Wall Street, and Where the Streets Have No Name, were blamed for taking out mortgages that were more than we could afford. it is our fault that this happened, not those that preyed on the most vulnerable. So, after 7 years of when we started with a $0.00 deficit, low unemployment, $4,000 more income per family, and trust in the economy, .....its our fault, not the Bush administration, or greed on wall street. Yes folks, its our fault...just us folks that live- on the streets with no name.
Ryan Flores Murphy
First: Let's look at section 8 of the two page proposal which you can read at: http://www.nytimes.com/2008/09/21/business/21draftcnd.html?_r=1&oref=slogin
"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."
Hmmm...what does this mean. Well, lets just say for the sake of arguement that it is not illeagal and unconstitutional (which it is by the way). And, instead look at what it CAN mean. Well, what it CAN mean is anything that the Administration (Bush, Cheney, and US Treasury Secretary Henry Paulson) WANTS it to mean. And, here is what it probably means: before Bush and Cheney leave office, they will work with Paulson to refine a plan that will not only bail out Wall Street, but also, give them enough time to figure out what they are going to do in the mean time to protect their OWN assets and the wealthiest 1% or at least their own networks of buddies on Wall Street who paid for them to get elected. Becuause... They have no plan other than the bailout of Goldman Sachs and Lehman Brothers which will only TEMPORARILY prevent the market from significantly dropping and earasing much of the top 1%'s assets, and in turn denying credit for further seeking of capital for the expansion of NOT SMALL BUSINESS, but MAJOR CORPORATIONS( This is who Bush and Cheney work for, remember?) They owe wall street one for getting them in office through soft money contributions, plus they are them! So bottom line: THIS BUYS TIME FOR THE ADMINISTRATION ONLY.
Next, in a follow-up to Section 8 and its meaning, what does this mean for the incomming president in January '09...Well, just what it says, THE NEW PRESIDENT WILL HAVE NO WAY TO EVEN LOOK AT WAS DONE IN THE DEAL...EVER, nor will anyone else, according to the section, not even a court can challenge it, its all done in secret and if passed will never be revealed (and if it ever is, even if it is in two years, the damage will have already been done). This means that if, Obama particularly, is elected he will be faced with a 53 trillion dollar deficit to start, it was 0.00 when Clinton left, and will have no means of fixing this for at least two years after Bush has left. Good bye healthcare, good bye Social Security, good bye, well, you name it. There will be absolutely NO WAY for the next president to save these programs, let alone create new ones to save the old ones, or do anything progressive or innovative to help the people in America that need it most.
Second: If you haven't heard, McCain requested that Bush request a special session of congress to talk about finalizing the deal tomorrow, Thurs, Sept. 25th, at 10:00am est. In Bush's address, he says just that. McCain requested this earlier today, before the address and George came through. What does this mean...well, McCain has dropped tons in the past week's polls, some by 10 pts now, the economy being the biggest issue, and by McCain's own admission his worst to debate. Low and Behold, there is a debate this Friday, which many feel can help Obama close the deal in the election because, well debating is a strong suit for Barack and can be shotty at best for McCain. So what does McCain do...he suspends his campiagn because he thinks there should be a special session for congress to work on the economy, and cancels his debate appearance. Obama, says no way, and a few hours later Bush calls the special session on national TV. Now, more than not, the debate will be cancelled, I'd be surprised if it wasn't. You may even see Barack show up alone at The University of Mississippi, and have McCain just not attend. could this get any more weird this year?
Finally, I don't know if you caught the speech by Bush, you can see it here: http://www.cnn.com/video/#/video/politics/2008/09/24/sot.bush.economy.entire.cnn
But, if you listen, at no point does bush blame himself, the policies the administration put into place, or even mention things like deregulation. The closest he gets to that is saying a few (whoever that is) ruined it for the many. But, the many, which is all of us, Main street, not Wall Street, and Where the Streets Have No Name, were blamed for taking out mortgages that were more than we could afford. it is our fault that this happened, not those that preyed on the most vulnerable. So, after 7 years of when we started with a $0.00 deficit, low unemployment, $4,000 more income per family, and trust in the economy, .....its our fault, not the Bush administration, or greed on wall street. Yes folks, its our fault...just us folks that live- on the streets with no name.
Ryan Flores Murphy
