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Hubert Cumberdale


Posted on 2008.09.30 at 09:43
Color me astonished that the bail-out bill was defeated yesterday. I was certain that that thieving boondoggle was going to be shoved up the middle-class tax-payers ass down there. Course, no one's out of the woods yet. One of the better commentaries I've seen on the situation so far:

Jeb Hensarling (R-Texas), who also voted against the bail-out bill, insists that "Inaction has never been an option, but [Treasury chief Henry] Paulson’s plan should never have been our only option." Democratic and their "Progressive" enablers have repeatedly hinted that they’d be willing to accept a multibillion dollar bailout if it’s attached to partial nationalization of the firms being bailed out, or re-regulation of financial corporations, or new entitlement programs, or, even better, a combination of all three.

This is a losing approach — because there’s clarity in a simple demand of "No—hell no!" that you lose amidst the complicated details of everyone’s latest Great New Plan, once you start horse-trading and concede that it might be O.K. in principle to grab billions of dollars out of working people’s pockets and give it to a bunch of hat-in-hand robber barons begging to go on the government dole, if it can be tied to advancing your other political goals. It’s also the wrong approach, because no matter what strings you might manage to attach, there is no justification whatsoever for this massive act of robbery from working folks.

Fuck this corporatist bullshit.

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