Tuesday, July 29, 2008

The Big Bailout: America as a Full-Spectrum Kleptocracy

First class Fannie/Freddie Bailout rant from LewRockwell.Com

Last week, Congress went on record regarding its priorities: With a handful of noble exceptions (conspicuous among them the stalwart Rep. Ron Paul of Texas), they demonstrated a willingness to ruin what remains of the dollar and destroy the Middle Class in order to rescue – temporarily – the ├╝ber-rich Robber Class

The Big Bailout: America as a Full-Spectrum Kleptocracy
July 29, 2008

First class rant this morning on the Fannie/Freddie bailout topic from William Norman Grigg, of LewRockwell.Com. This is one our readers surely won't want to miss:

The Big Bailout: America as a Full-Spectrum Kleptocracy

Reader comments are invited, as per usual.


Tec Jonson said...

At least you're willing to discuss the faltering national economy and banking system. Now lets expand that to the war, torture, rendition, executive power abuses and consolidation, patriot act, FISA, 911, Plots on Iran, Plots on Pakistan....just getting started.

You want gondolas and DB Cooper, we can squeeze them in as soon as we take responsibility for our murderous government and do something about it.

Rebel with a cause said...

William Norman Grigg explained the Fannie Mae/Freddie Mac fiasco beautifully, but,sadly, Congress wasn't listening. Only Ron Paul - who previously warned of the disaster such a "bailing out" would cause. Now, we will be worrying about which bank might close next and what other dire circumstances will occur? It was an excellent article, though.

Wade said...

I hear you Tec!!!

Tec Jonson said...

I just got around to reading those links on this post. Great reading.

The current republicans are a bastardization of the foundation of that great party. I would never claim membership though I claim the principles. Always have. The concept of limited government is an old one. Today's conservative phonies irritate with their shrill fear mongering and militaristic posturing. Would someone please give them a big truck and a codpiece so they can bellow amongst themselves about how manly they are.

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