Tuesday, September 23, 2008

When bears attack... the economy

Bear so angry... but cuddly. Comforting embrace before INSTANT DEATH, guaranteed

Sarcasm.

Been hearing nothing but the urgency and expedience needed to get this bailout through. Whooaa, slow down, big boy. The American public only just met this crisis this week. I think the two kids need time to get to know each other better before they get all biblical on each other, don't you?

If we've learned anything from the Bush administration, it's that rushing along at breakneck speed isn't a problem if you claim there's some sort of national emergency. So... pass the "Banking Patriot Act."

I don't necessarily agree with Naomi Klein's shock doctrine, but as we've seen time and again, the effectiveness of its principles is undeniable. Here, we see Ms. Klein's theory applied to goats. Genius.

At least the the grilling of Henry Paulson and Ben Bernanke on the hill today is coming from both sides of the political divide. No one likes this plan but everyone knows that they have to go along with it. They're just sounding off to spare themselves from the public's wrath. All of a sudden, everyone on the hill is a populist. Lou Dobbs is right to be mad. I also heard on NPR that Paulson is against limiting exec bonuses and golden parachutes for fear that the companies won't participate in the bailout plan. What nonsense. Don't worry though, those people will find a way to pay themselves, they always do. Ingenuity is the driving force of capitalism, after all.