Monday, September 22, 2008

The Big Bush 'Bail Out' Blackmail

Sunday, September 21, 2008

Len Hart

It is called the 'final stages of the coup'. I call it blackmail and extortion! A man already culpable for the crimes of high treason and mass murder now blackmails the congress and the people of the United States. The result is not just another case of corporate welfare benefiting AIG, it is an unprecedented, coup-completing, fascist power grab. Larisa Alexandaronva is referring to the coup began with Bush v Gore in which corrupt judges awarded to Bush an election that he most certainly did not win.
I would guess that this has to be one of the biggest peacetime transfers of power from Congress to the Administration in history. (Anyone know?). Certainly one of the most concise.The Treasury Secretary can buy broadly defined assets, on any terms he wants, he can hire anyone he wants to do it and can appoint private sector companies as financial deputies of the US government. And he can write whatever regulation he thinks are needed. ...

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.

--Adam Davidson, NPR, Re: the so-called bailout bill
Alexandrovna charges the Bush-Cheney cabal with deliberately abolishing all the financial regulations put in place by the Roosevelt administration in the wake of the 1929 crash. Bush will be shown to have deliberately provoked the crisis for the purpose of assuming complete GOP control of the US government and its treasury. One is at a loss! Is this the biggest heist in world history? Or --is it the ultimate coup d'etat? Or both?

The GOP will not address the crisis of their creation --they will exploit it and discard the last vestiges of our Democracy in the process.
The Bush regime is a heist! What's just one more grand theft for the road? Already, the Bush admin, like Reagan earlier, looted the US Treasury and again, like Reagan, wiping out the American middle class. The US government is the enforcement arm by which the corporate establishment rules America. The proper word for this is 'fascism'. For some time now, the government of the US must be properly described a fascist dictatorship!
As I write this, in a real sucker punch, the FTSE is up 10% so far today. Hooray, the world is saved!

Or not.

What could be behind this insane, hysterical reaction?

One reason is that late yesterday, the FSA called a halt to short selling of financial stocks in the UK. As a result, many (t)raders have had to get themselves out of short positions. That musta hurt!

The second, much bigger, reason is that the US Treasury Secretary, Hank Paulson, in collusion with the US Congress, is about to commit an act of blatant treason.

Instead of doing the right thing, which would have been to place the system in administratrion (bankruptcy reorganisation), he has decided to make the United States itself bankrupt.

The bankers are laughing up their sleeves.

What Paulson has announced is this: he will establish a Federal agency to buy up what will amount to trillions of dollars of bad debt. The debt will become the liability of the US taxpayer. The bankers will get off scot free. The US will also insure investors in US money-market funds, which have seen significant withdrawals in recent days.

The idea is that, in a reflection of the Resolution Trust Corporation, the debt will be warehoused so that it can get the chance “for much of it to recover a portion of its value.”

But make no mistake, as far as the financial system is concerned, this will achieve nothing, other than delay the inevitable once again.

The real benefit for Paulson’s controllers, is that long held goal of the financial elites - the end of the United States, and that pesky Constitution.

What about us, here in the UK? For us, there’s the small matter of the spectre of hyperinflation which will make Weimar Germany pale into insignificance.--UK Column, The End of the United States, Mike Robinson
How convenient for the GOP that the passage of this bill makes it impossible to fund everything that is hated by the GOP --health care, education, alternative energy sources, infrastructure, new job creation! A new fascist America will outsource everything. We have already seen how the likes of Wal-Mart have destroyed jobs and lowered wages. We have seen how 'outsourcing' robbed a vibrant nation of its steel, electronics and automotive industries. The fascists have destroyed America.

What of the millions who might have worked had there been jobs?
Are there no prisons? Are there no workhouses?

--Ebeneezer Scrooge, A Christmas Carol, Charles Dickens
There are the FEMA camps, and, eventually, there will be death camps! A fasicst government that will not support education now will not support the preservation of life in an economy in which they have destroyed the jobs, its viability, its sustainability. HItler did not hesitate to commit mass murder on an industrial scale and neither will the heirs apparent to Henry Ford et al who openly espoused eugenics.

This is not the first time that the murderous Bush crime family has tried to install a fascist dicatorship in the US. It was Prescott Bush who tried to pull off a fascist coup d'etat, in fact an act of high treason, prior to America's entry into WWII. Bush's act of high treason was called "the Business Plot," involving some top brass and Wall Street big shots, men who openly supported fascism. This administration now blackmails the nation and congress, threatening the total collapse of the economy if the powers demanded by this administration are not ceded to Bushco. America, you have been held hostage since the election of 2000.

I will be surprised if Obama is allowed to take office. McCain will lose a fair election but that has not stopped the GOP in the past. Those working for Obama must understand that it may be necessary to enforce his innauguration with arms should he win the election. Those supporting Barack Obama must understand that "...the peace is considered already broken'.

Now --when you are all but prostrate before the emperor who has betrayed you and your nation, you are blackmailed! Whaddya gonna do about it? All peaceful means of resolution have been denied us.

It is the nature of totalitarianism that it will not seek peaceful resolutions. Rather, a totalitarian regime invariably forces a resort to arms, having robbed the citizenry of every, legal recourse. It is an established principle that people are lawfully entitled to rise up against despotic governments that give them no other choice but revolution. The people have a moral obligation to revolt against tyranny! It is the responsibility and the duty of the people to overthrow the tyrant, the self-proclaimed dictator. Che Guevara spoke of such a 'government' when he said:
When the forces of oppression come to maintain themselves in power against established law, peace is considered already broken

Che Guevara, Chapter I: General Principles of Guerrilla Warfare
Thomas Jefferson put it this way in the Declaration of Independence:
...whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government. --Thomas Jefferson, Declaration of Independence
The Bush administration has committed to writing and presented to Congress its intentions to permanently nullify the powers of Congress, to make permanent numerous alterations to judicial powers, many of which were effected with unlawful 'signing statements'. There is a word for that: tyranny! Quoted by Alex, 'Confederate Yankee' writes:
The other option, the one I have long prayed we would never need to even consider, is a total revolution. But, If Congress won't act in its own self-defense, in the defense of democracy, in defense of us - the people who have elected them to protect us from this very danger - then what is left for us to do? I don't want to see it come down to this, but I fear that it will.
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