Wednesday, September 10, 2008

Pay no attention to the crazed woman in lipstick

Instead, pay some attention to a couple of things that have happened in recent days; things that are going to have a lot more impact on the US than some silly perceived slight by the McCain campaign. And you can read about 'em both by going to Mercury Rising here and here.

Here's the lede from a Democracy Now post linked by Charles II:

In Pakistan, twenty-five people, including several women and children, are now reported to have been killed in Monday’s US drone attack on a compound in western Pakistan. A new article by investigative journalist Gareth Porter reveals that the Bush administration ignored warnings against such raids from the American intelligence community. They said that such raids could benefit the Taliban and destabilize the Pakistani military.

Wouldn't that be just great, boys and girls?

The other item is the "conservatorship" of Fannie and Freddie. Here's a quote from Nouriel Roubini, the professor known as Dr. Doom:

Like scores of evangelists and hypocrites and moralists who spew and praise family values and pretend to be holier than thou and are then regularly caught cheating or cross dressing or found to be perverts these Bush hypocrites who spewed for years the glory of unfettered wild west laissez faire jungle capitalism (and never believed in any sensible and appropriate regulation and supervision of financial markets) allowed the biggest debt bubble ever to fester without any control, have caused the biggest financial crisis since the Great Depression and are now forced to perform the biggest government intervention and nationalizations in the recent history of humanity, all for the benefit of the rich and the well connected. So Comrades Bush and Paulson and Bernanke will rightly pass to the history books as a troika of Bolsheviks…

Some of you boys and girls may recall that our veep candidate in fashion eyewear thought that the conservatorship happened because Fannie and Freddie had just gotten too big and expensive for the taxpayer. [hysterical laughter] They're going to get really expensive to the taxpayer, Sarah, sweetie, but it's because of the "unfettered wild west laissez faire jungle capitalism" described by Dr. Doom.

From tiny book-burning seeds entire forests of ignorance can grow!

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