Wednesday, March 5, 2008

Herr Bush & his bathroom cleaner Bernanke at the Fed are moving to do something about the subprime mortgage scam

It ain't an exaggeration to say that Herr Bush and his bathroom cleaner Bernake at the Fed are kicking and screaming as events force them to do something about the crash of the housing markets and the rising number of people who are walking away from foreclosures, which are straining an already strapped banking industry that had perpetrated a Ponzi scheme of what 18Brumaire called the subprime scam. They are thinking of using Household Finance Adminstration, something which they did dismantle from the seeming heroic days of FDR's New Deal to help despondent and worried homeowners fearful of losing homes of theirs.
The subprime scam has chased liquidity from the markets. Such a cruch has contracted ready cash, which anyone having taken Economics 101 could point out to the movers and shakers in Herr Bush's administration and on Wall Street, thereby propelling a crisis from which these midgets in government and finance are stumbling over one another to come up with a solution. Dream on fools! Now Herr Bush and the bathroom cleaner Bernake [sic] have to go back to instruments of a government they despise...yes go back 70 years in time to find a way out to save individual homeowners from being thrown out on the street.
Herr Bush heads a government which has rewarded his crowd with super tax cuts, engendered corruption and gross inefficient...think Katrina and now the subprime Ponzi scheme...and engaged in a war which has benefited the oil barons and companies like Halliburton...and privatised every and anything it could thereby denying the ordinary American rate or taxpayer of any benefit from the dollar of taxes they pay. A weaker dollar, a over militarised society, a country cleared for war against its own citizenry through the use of wiretaps and secret police...this among other misdeeds is the legacy of Herr Bush. Under his reign the US has significantly weakened; it is open to the highest bidder from abroad; it's the scourage not of god but of the dark, satanic forces of its own making.
And so we are now looking at the pathetic spectacle of a failed president and his bathroom clearner trying to snatch some shards of victory from the tragic outcome of mismanagement, blind ideology, and the consequence of a wilful class of Americans who because they own one per cent of mom's American apple pie, they think they are the gods who walk the earth. Far from it, if anything, the lack of brains and policy simply underscores the hollowness between their two ears and the clay their feet are made of.

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