The more I calm down and reflect on this Paulson Plan, the more convinced I am that it is simply a heist. Crime bosses around the world must be saying, “The man has [male reproductive organs]!”
What pushed me over the edge was this piece, “Henry Paulson, American Oligarch,” by Robert Wenzel. Wenzel’s economic views are clearly influenced by the Austrian School, though I don’t know how he would label himself on the matter.
{ 5 comments }
Like millions of Americans, I am really skeptical about this whole 750 Billion bail out. And, I’m especially skeptical about the RUSH to spend the 750 Billion dollars of tax payers money … which does not allow independent economists the time to properly investigate and evaluate this plan. In addition, Bush and the Democrats seem to be united on this bail out. My guess is that Bush wants to pay back big money Wall Street people, who helped him over the years … and, since the Democrats expect to rule both houses and, possibly the White House … they are salivating at the chance to control spending the 750 Billion. In spite of all the rhetoric about careful spending and oversight, the Democrats have already allocated 20% of this huge sum to fund crooked liberal programs, like Acorn. If we simply print Billions for bail outs, even if the market returns, inflation will make our currency virtually worthless.
P.S. Did anyone ask Alan Greenspan what he thinks???
Howard: Greenspan bears some responsibility for this mess. His opinion isn’t needed. An apology would be nice, though.
Where Do The Dollars Go?
Someone put a tracer on that dollar!
First it comes out of thin air with no real asset backing it, thanks to the counterfeiting operation of the unConstitutional coup.
Second it flows through the credit channels like the veins of a heroine addict releasing euphoria all along the way to all those closely connected to the unConstitutional coup.
Then it spills into and around the cups of the beggars and thieves of the institutions of worldwide monetary hegemony.
If we could trace every single dollar I am sure that some of the money splashing around the cups of the beggars and thieves goes on to finance international criminals like Osama Bin Laden.
In conclusion, the unConstitutional coup is not only destroying our Constitutional Republic but all the decent elements of civilization of every culture on the planet.
Frankly, in regard to the Paulson plan, it is rather difficult to comply with the second part of the admonishment that appears above: “Post an intelligent and civil comment”.
I’ll just say this: I don’t know which of the two possibilities is scarier — that Paulson actually believes this “bail out looting” will work, or that his opinion of our intelligence is so low he is confident that when it fails he can blame even that failure on capitalism.
I appreciate reading the thoughts of people who are thinking the exact thoughts I have had. This is a power/money grab, it’s a heist. It’s pure pillage.
Comments on this entry are closed.