The perfect storm
29th September 2008
Is your head spinning with the increasing strength of storm winds on Wall Street?
Mine is.
I think the entire country needs a hurrication from the Wall Street crisis — a place of safety to evacuate from while we wait for the storm to pass.
Unfortunately, it’s now too late to board up the windows, gas up the car, and jump into a contraflow to get our personal wealth out of the way. The storm is here, and a decision about our fate might be made by Congress as early as today.
After the Wall Street storm, however, there will be no fighting insurance companies, no begging others for recovery help. Congress is about to approve a transfer of wealth through taxes and Treasury Bills from our generation, and generations to come, to gambling Wall Street investors who can retire to their islands of luxury. We’re going to be forced to pick up the tab for damages, and for the recovery, and it will be a very long slog to dig ourselves out of the shithole.
The Wall Street crisis, which was quickly upgraded to a Category 5 storm, demonstrates once again what happens when we elect a dumbass like George W. Bush. Instead of fortifying institutional defenses to protect retirees, and now taxpayers as well, George W. Bush, comfortably sitting atop the United States Treasury, never worried himself about who would pay the price for Wall Street’s slot machine addiction.
Just as George W. Bush — once comfortably posted as a drinking AWOL pilot on the Mexican border in the midst of the Vietnam War — never learned the consequences of sending troops into battle, and therefore, the purposes of military force for the extremely limited purpose of defense, only as a very last resort, so he never undertook for himself the mental exercise required to understand the actual meaning and purpose of market regulation, never had to endure true personal financial hardship to struggle for opportunity, or to pay through his paycheck for mistakes made by financial institutions over and over again as the rest of us have.
This weekend, a number of thoughts have been triggered from various sources about where we are as a nation, and we we are headed. None of it is good, as I struggle for a theme to put the pieces in place, to understand what’s happening, to understand what the future looks like. The fact that I can’t see the end of the storm is an extremely unsettling feeling — like knowing who I’m going to vote for, but feeling that even a dream candidate will have limited choices because of the financial crisis, which was allowed, or — as my conspiratorial mind imagines — was intentionally created, by the Bush administration.
That’s the feeling one has when disaster strikes. It’s the feeling of uncertainty, worry, helplessness, victimization, and no way out.
More than anything, I can’t shake the feeling that the last seven-and-a-half years of Bush policies has created the perfect storm in every realm of our democracy, and the only thing I can say is what I predicted all the way back in 2000: “We’re screwed!”
Even though he was a lame duck with little time left in his presidency, maybe we should have impeached George W. Bush when we had a chance. He still has 113 days left to destroy our nation.
Posted in Iraq, George W. Bush, 2008 Elections, Katrina Dissidents, Worst President Ever, Impeach Bush, John McCain, Barack Obama, The economy, al-Qaeda, Osama bin Laden | 1 Comment »