God Save Us from Bailouts! First they fail to pass something Stupid, then they pass something even worse, and now no one knows what they should do first. Everyone has all sorts of Plans, but no one has come up with Step One as yet. It is a Sarah Pelin type Soccer Mom Situation, where She cannot decide exactly what Color shade for the Drapes. There is going to be a long Decision process, before We get a One-Size Fits All multiple investment type, which with Our Luck is inherently bound to fail in catastrophic proportions. Our greatest Worry, Now, is that the kids will wake up, and enter the Bedroom right in the middle of it!
They search for Solutions, while Others pursue the Question of how We arrived at the current debacle in the first place. A thousand elements can be discussed, without a single Cause being cited as accurate. I will attempt a simple Rationale as Others try to wade through the minutiae: Republicans learned their Lesson from Reagan, and his legacy as Witnessed; if you want to Profit from running the Government, take your ill-gotten Gains before you are thrown out of Office. They searched for a Work model, and found the Carnival people–typically called Carnys. They adopted the elemental philosophy of the Carnival, headed by the Blue Sky pilot from Texas. The Play was basically a Replay of Teapot Dome or Poinzi, orchestrated by the leadership of the Country as a Whole. It was a fantastic Game of Three-Card Monte; at least, until it was learned that none of the Bets were actually covered.
The Bailout was actually an attempt to attain Coverage for the Mess, not actually return the great losses involved, but Saving of the Reputations of Those involved. The furor over the Bailout, though, ensured that the Reputations could not be saved anyway! Then White House and Republicans in general realized an terrible fact: McCain was behind in the Polls, and so far behind in fact, that imaginative Vote-Counting could not hide the fact of the Loss. They reexamined the Bailout, suddenly realizing that they had given their Political Opponents a huge Cash Cow, if they did not get the Bailout funds spent before Bush left Office. The purported Plan as espoused would not get the funds where Republican desired–the hands of the Special Interests which supported them, and would provide themselves with Jobs after Office. It was the Time for arch NeoConservatives to consider Nationalization of the Banks, To and For the enrichment of the Special Interests. lgl
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