- WASHINGTON, DC -- Candidate
John McCain flubbed a golden opportunity to use tonight's presidential
debate to formally announce that he would not approve or support any plan
to give a penny of taxpayer money to the rapacious hedge fund hyenas of
Wall Street to shore up their $1 quadrillion-plus derivatives bubble. What
was the point of McCain's week of histrionics, except to prepare the moment
in which he could condemn the taxpayer-funded bailout, and put the opprobrium
of this insane plan on the shoulders of Obama who, as a wholly owned
puppet of the Rockefellers, Soros, and Goldman Sachs, will have to support
whatever Hanky-Panky Paulson demands.
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- The bailout is hated and reviled by about two thirds
of US voters, and if Barky had had to defend it against a determined populist
onslaught, his campaign would have been brought to the brink of collapse.
Instead of "Change We Can Believe In," Barky would have been
left hawking "Bailouts We Can Believe In." McCain might have
had an impulse to box Obama in on the bailout issue, but the Arizona senator
was reportedly dissuaded by a gaggle of neocons and plutocrat lobbyists
in his entourage who told him that opposing the bailout would have amounted
to demagoguing the issue.
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- McCain still has one more chance to seize control of
this issue by voting against the bailout when it comes up, presumably next
week, on the senate floor. If McCain does not change course on this issue
at once, this country will likely be doomed to a postmodern fascist corporate
state under a looming Obama regime backed up by Pelosi, Reid, Dodd, and
Frank. That will include an unprecedented attack on civil liberties using
Obama's signature method of gutter-level hooligans, goons, thugs, provocateurs,
and trolls operating under left cover, grass roots cover, anti-establishment
cover, and anti-authoritarian cover, as we now see from a rash of incidents
around the US.
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- After McCain had capitulated on the main
issue of the day, the entire debate entered a never-never land of unreality.
Obama talked of tax cuts and help for the middle class. What hollow demagogy!
If the $700 billion bailout goes through, US Treasury bonds will go to
junk status, the dollar will begin to slide around the world, and dollar
hyperinflation will loom. If the bailout passes, there will be no money
for tax cuts, health care, shoring up entitlements, or making college more
accessible.
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- McCain was a fool to let Obama talk about tax relief
for the middle class, after the telegenic Illinois demagogue had just mortgaged
America's future to the tune of $700 billion to the Wall Street jackals.
And the $700 billion is just the ante, just for openers. When that is
burned up, in a month or two, Jamie Dimon of JP Morgan Chase, the anointed
winner chosen by Tim Geithner's New York Federal Reserve branch bank, will
be back in Washington demanding a second tranche most likely in the
trillions. If the bailout goes through, there will be no rebuilding of
infrastructure, no tax relief, no expanded health care, and no worthwhile
reforms of any kind. If the Democratic Party remains the main enforcers
for Wall Street, as it has been in the past week, the entire progressive
reform agenda will be a dead duck permanently.
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- The survival of democracy demands that the
two-thirds majority who vehemently opposed the thieving and futile bailout
monstrosity find a political spokesperson who will represent them. Tonight,
McCain punted. He had better reverse his field at once, or give up and
go home.
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