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[September 22 2008] Travus T. Hipp Morning News & Commentary: The Republican Party Has Apparently Taken Naomi Klein’s ‘The Shock Doctrine’ To Heart. The Bled-Out US Economy Is One Of The Results… Economic Fascism Is Another
Sep 22nd, 2008 by Da' Buffalo
“All The News You Never Knew You Needed To Know …Until Now.”
In The News: Showdown Day for Wall Street - Changes have been made in the US banking system. Will anything stanch the economic bleed-out of the financial markets? It’s going to cost at least the equivalent of two years of fighting the Iraq war, $700 BILLION DOLLARS. The pressure is on in congressional dealings to include individuals who ate it in the mortgage market and are in foreclosure.
Polls across America says Americans DON’T LIKE bailing out the rich. Details.
More from Mike Whitney at CounterPunch:
No one knows what will happen next. We are in uncharted waters. And no one knows what the political landscape will look like after the dust settles from this outrageous power grab. According to Paulson, things are so dire, the entire nation will be reduced to smoldering rubble and twisted iron. But can we trust him this time after his long litany of lies?Mushroom Cloud over Wall Street
By Mike Whitney
September 22 2008
“One bank to rule them all;
One bank to bind them…”21/090/08 “ICH ” — - These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation’s financial markets and the country’s economic future. Industry representative Henry Paulson has submitted legislation to congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4′ by 6′ teleprompter situated just inches from his lifeless pupils. Paulson is in charge now, and the coronation is set for sometime early next week. He rose to power in a stealthily-executed Bankster’s Coup in which he, and his coterie of dodgy friends, declared martial law on the US economy while elevating himself to supreme leader.
“All Hail Caesar!” The days of the republic are over.
Section 8 of the proposed legislation says it all:
“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.”
Right; “non-reviewable” supremacy.
Congress, of course, is more than eager to abdicate whatever little authority they have left. They’re infinitely grateful for their purely ceremonial role, the equivalent of Caligula’s horse, albeit, with considerably less dignity. Has even one senator spoken out against this madness, which–according to informal internet polls–is resoundingly rejected by the voters? Does it concern the members of congress at all, that the present financial crisis was brought on by the proliferation and sale of trillions of dollars of mortgage-banked garbage which were fraudulently represented as Triple A rated bonds by the very same people who now claim to need unprecedented and dictatorial powers to fix the problem? Or are they more worried that the steady torrent of contributions which flows from Wall Street to congressional campaign coffers will be inconveniently disrupted if they fail to ratify this latest assault on democratic governance? The House of Representatives is one big steaming dungheap that should be leveled and turned into an amusement park instead of a taxpayer-funded knocking shop. What a pathetic collection of cowards and scumbags.
Bloomberg News: ”
“The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets. Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world’s largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority.
“He’s asking for a huge amount of power,'’ said Nouriel Roubini an economist at New York University. “He’s saying, `Trust me, I’m going to do it right if you give me absolute control.’ This is not a monarchy.” (Bloomberg)
The banksters own this country, always have; only now they’ve decided to strip away the curtain and reveal the ghoulish visage of the puppet-master. It ain’t pretty.
The UN General Assembly goes into session tomorrow. Republican VP hopeful Sarah Palin… Mahmoud Ahmadinejad, now showing in an All-Star diplomatic spectacular. President Bush will be on hand to discuss what looks like an attempted ’shootdown’ of a US Special Forces helicopter by the Pakistani military with Pakistan’s new president.
Just for the historical record, a federal judge has ordered Dick Cheney to preserve all records of his vice-presidency.
In Islamabad Pakistan, a truck bomber hits the Marriott hotel where most foreign dignitaries and businessmen stay, destroying the hotel. 2 American military personnel, the ambassador to Czechoslovakia are known killed and there are many more casualties.
It IS bombing season… Bombings in the Basque region of Spain and all round Iraq… Remember the war on Iraq? There are now 4168 Dead Americans due to that one illegal war alone.
[September 22 2008] Travus T. Hipp Morning News & Commentary: The Republican Party Has Apparently Taken Naomi Klein’s ‘The Shock Doctrine’ To Heart. The Bled-Out US Economy Is One Of The Results… Economic Fascism Is Another
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