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By Jeremy Schiffres, Daily and Sunday Freeman, Kingston, N.Y.

Wednesday, November 12, 2008

WMD 2.0

The Bush administration, in the person of Treasury Secretary Henry Paulson, announced this morning that the $700 billion financial bailout it begged Congress to approve in early October will not – repeat, will not – be used to buy the bad assets of struggling banks.

Excuse me? Did I hear you correctly, Hank? The bailout money won't be used to buy the bad assets? But wasn’t the asset buyout the sole purpose of the bailout?

Ah, nothing like the old “Bush Bait and Switch.” Insist to Congress that it approve a controversial piece of legislation because of Circumstance X, and then turn around and tell the nation that Circumstance X no longer is part of the equation but that approving the legislation was important nonetheless.

Yet another Weapon of Mass Distraction from the people who brought you 5-1/2 years in Iraq and 4,200 dead Americans.

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1 Comments:

Blogger dukas said...

I see that a City Editor is not a reporter, but a political hack.
Henry Paulson is a Democrat and contributor to Obama.
Also Barney Franks who was the lover of Mr. Moss for the years Mr. Moss worked in Fannie M. 1988-1992 where he conceptualized the subprime loans with the help of his lover Barney, they both implemented it. No conflict of interest there, why because Barney is gay and entitled to special trysts.
I can’t wait until Jan 28th myself. That’s the date I begin a 4 year laugh at a cast of characters even Disney could not conceive of.

November 21, 2008 at 4:17 PM 

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