Unlike his heart-throb Obama, I’m not afraid to use the same gutter tactics mock learned in his days as a member of the Nazi, er, Republican Youth. I would have called him a piece-of-shit, but felt it rude for a header. To be clear, I stand by my claims. Now, Mockrates is not literally a dropping of excreta from a sewer rat, but he will be in the not too distant future. And he has decided to channel his unavoidable future in the here and now. Always ahead of the curve, that mock.
The tortured piety of the “necessary first step”. Right, the necessary first step was to tackle a problem by screaming: CRISIS, CRISIS, CRISIS: IF YOU DON”T PASS THIS THE ECONOMY WILL COLLAPSE. Somehow, the “necessary first step” was to throw away a trillion dollars on a coin toss. The question: Will it solve anything? The answer: “I dunno, but gotta try somethin.” If past actions are any indication, the plan—or the absence of a plan—was to improve the bottom line for the fat cats. It was doomed to failure, and was advocated using the same parasitic gambling mentality that seeks to socialize risk and privatize the profit.
The right approach would have been to, as I advocated, take a deep breath and think of the best way to lessen the blows to the economy. Our “leaders” should have said, there is a crisis brewing, but we are working on crafting a strong solution to the problem. One, the markets would not have become destabilized by the clown show in Congress, and might have been settled by a strong effort to seek serious solutions. Paulson’s screams of PANIC, together with the Congressional bungling both made the economic crisis worse. Voting down a bad plan only to vote for a worse plan a few days later. Your claims that it was a necessary first step are ludicrous. It is the same as claiming that the necessary first step to a potential fire in a theatre is to scream FIRE and run for the exit. Maybe there is a fire, maybe there isn’t, but causing a stampede helps no one. And there are credible voices, even now, saying there is no fire. If this is true, our Bozo the President and Congress of Stooges caused the market instability we saw all last week. To argue that Congress couldn't have passed a better bill is a strong argument against passing any bailout bill.
I assume we won’t hear from Mockrates again for another few weeks. Just as well. This type of apologizing for negligent governmental action beneath a veneer of “learned earnestness” was part of the problem, not the solution. If the Krugmans of the world had put forward useful alternative proposals and joined in putting the screws on Congress, then they would have been forced to anger the Jewish G-d, stay in session, hold hearings, and work the time necessary to iron out an intelligent solution. The country was united in anger at the leadership in a way we rarely see. It truly was a lost opportunity.