It is now conclusively establihed that Wall Street does not believe in free market economics.
It is now conclusively established that Wall Street fat cats are Democratic.
Yes, I looked at CNBC, and "Wall Street" was visibly depressed and shocked that the Wall Street bailout bill did not pass. You might say that is understandable, but they were also more than willing, even anxious to blame it on the House Republicans. "Right wing" Republicans is what I heard them referred to as. Being on the side of free market principles--not to mention most of the American people--is now "right wing" Failing to be on the side of Wall Street is now "right wing". This shows the fundamental dishonesty, and lack of intellectual principle and depth, on both the left and Wall Street (to the extent they are not the same).
No, I am not ignoring that the Republican "establishement" joined the leftist and Wall Street establishments here. they have proven for some time that they have no principle left. Why do you think former Republicans like me pay no attention to them anymore. Hank Paulson, for example, is nominally a "Republican" (in the Bloomberg mold), but is really a Democrat at heart (coming from the Democratic culture at Goldman Sachs, where Democratic Gov. John Corzine of New Jersey was the former CEO).
The mainstream media, of course, is part of the leftist establishment--being similar to Wall Street in that regard. They are ready and willing to dump on the Republicans in the House, which shows that they have totally lost ouch with the American people.
As I have said, in repeated entries, this government bailout, by means of giving power and money to the same people that failed, was not the only approach to this problem It is just the only approach by people who are central planners to start with (as much of Wall Street now seems to be). The government "solution" is the only "solution" these people see. No others occur to them. And by "government solution" here, I mean always more taxpayer money and always more Federal Government power over all of our lives.
They have tried blackmail and extortion. It has not worked. They are doubling down. I heard a statement byBarney Frank (who did as mauch as any single individual to get us in this mess by blocking reforms at Fannie Mae and Freddie Mac) saying that Democrats would wait to see the reaction of the markets before trying to do anything more with this bill. In other words, Barney Frank was sending a clear message to the markets to be as negative as possible, to convince those obstructive Republicans to give up their principles.
Yes, the mainstream media is trying to help Wall Street, and Barney Frank, out by callng the Republicans "obstructive" and "ideological". Was it not Nancy Pelosi who called opponents of this disgraceful bailout bill "unpatriotic". Has not very Democrat who has spoken done so in the most partisan of terms--blaming the whole thing on Republicans when Democrats are more at fault (certainly equally). Where was the media talking about Democrats being "partisan", and endangering any "bipartisan" spirit every time they opened their mouths. It is again clear that "bipartisan" means, to Democrats and the media, agreeing with the Democrats--even when the Democrats are placing the entire blame for everything on you.
Nope. This bill should have gone done to defeat. A stake needs to be driven thorough its heart, and an entirely new approach (a more free market approach) tried. It is revealing how hard Paulson and the Democrats have in sticking to the Big Government, taxpayer funded, approach--even in the face of massive public opposition. That indicates to me that these people are hopeless central planners (leftist Democrats) at heart--including most of Wall Street (where Paulson is from).
You may well ask yourself: Just how influential is "The Maverick Conservative"? Threats and blackmail from the President, Paulson, Democrats, and the Republican leadership all failed, including threats from Wall Street. My threat (see earlier today) has so far succeeded, with the defeat of this bill.
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