|Written by Chris Floyd|
|Wednesday, 24 September 2008|
I know we keep channeling Arthur Silber here, but he has been all over the deeper implications of "Bailoutgate" than anyone else. His latest piece rightly skewers the emerging "compromise" between Bush and the Congressional Democrats on "oversight" of the government gift program for the Gordon Gekko gang. As any sentient being might have suspeted, the "tough oversight" being offered by such champions of the common folk as Chris Dodd and Barney Frank is -- wait for it -- a weak and watery sham.
Then goes on:
As he has done for days, Silber keeps hammering away at the salient point in this carnival of greed and power-grabbing: no bailout "plan" of any kind can fix this problem:
In this essay, Silber also addresses one of the underlying elements driving us into so many disasters:
These are not difficult concepts to grasp, Silber says....and yet:
Yet most Americans -- and our entire governing class and almost all commentators and bloggers -- refuse to grasp them. It is as if these ideas are written in a dead language. Certainly, the language is dead to them, for they have made themselves incapable of understanding it. To recognize a truth of this kind threatens the mechanism of denial that lies at the very center of their sense of themselves, at the very center of their identity. So the truth cannot be acknowledged.
This bad deal is done. How soon before the next one comes barreling down the pike?