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How often does one find himself critically positioned to effect history for the better? When the financial crisis exploded onto our attentions in 2008, John McCain was so positioned.
Hank Paulson wanted 700 billion dollars to prop up failure. To bailout the very bankster crooks who got us into this mess. All eyes were on McCain as he suspended his Sarah-rejuvenated campaign. Now was his chance to do the very kind of thing he had done throughout his career - take the maverick position against monumental waste and unfairness. Instead, he goes to Washington, sheepishly says "aye," and so co-opened the floodgates to Bailout Nation. As we began a course of not addressing the fundamental imbalances in the economy, but trying to ponzi scheme our way out of it. This time generational in scope - robbing future generations to prop up and bailout Modern Banking Nobility. Feudal lords of our land and coin, who through decades of psychological trickery have positioned their foot upon the American neck.
Not only was a "no" the right thing to do, but politically it would have been perfect. Who cares if a legacy-panicked George Bush was for it, W was a pimple in the polls anyway by that point. And Obama's whole campaign was about gluing Bush and McCain at the hip. And yet a McCain "no" would have left Barack Obama on the side of George Bush! Defending the absolutely indefensible. And Bailout Nation would then be Obama's albatross.
But at that critical juncture, when everyone was shell-shocked, looking for leadership, looking for someone to stand up and say "no way!" to the sick raping of the American people and lavish rewards to their rapists, and McCain was uniquely positioned to be that person, he tosses it all away. He had first and ten, and chose to punt! He had his chance to turn the tables on those money-changing rapscallions, and cast them clean out of our once sound Temple. Instead he invited them over for tea.
That was your chance Senator. Thanks for nothing, and enjoy Bailout Nation.
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I wrote a blog entry back at the time this was going on that too the same position, namely that McCain blew it hugely by not opposing the bailout. By the time the election took place, the bailout was already unpopular and though McCain may not have won as a result of opposing it, he would have certainly been boosted his chances.
ReplyDeleteMcCain's other great error was taking on Sarah "The Whore of Babylon" Palin.
That need a bit of editing. Let's try again.
ReplyDeleteI wrote a blog entry back at the time this was going on that took the same position, namely that McCain blew it hugely by not opposing the bailout. By the time the election took place, the bailout was already unpopular. My guess is that even though McCain may not have won as a result of opposing the bailout, he would have certainly boosted his chances.
McCain's other great error was taking on Sarah "The Whore of Babylon" Palin.
Hi Edwardo, thanks for commenting. Hey, I've run into Disaster Porn a few times when surfing around, that's a great site! Your in-depth knowledge is impressive.
ReplyDeleteFor my blog, I'd like to keep it to a bunch of shorts. I do Doom on more extensively in my podcasts:
http://glennatias.podbean.com/
Not sure why telling the truth about our ponzi economy is almost not touched in the mainstream (well I do know why, the MSM has their guy on the White House), but it's good to see a lot of people throughout the blogosphere speaking out, trying to tell it like it is.
I think I disagree though on the Sarah thing. I think she brought more votes than she lost. I really do think it's the way McCain tossed it all away on the TARP thing that cost him