Wednesday, January 28, 2009

President's Pavlovian Response

Let's see if he learns...

First we have federal bank bailout money going to support Republican PACs in an effort to oppose employee ability to gather together and form unions (the EFCA).

Bernie Marcus, the charismatic co-founder of Home Depot, led the call along with Rick Berman, an aggressive EFCA opponent and founder of the Center for Union Facts. Over the course of an hour, the two framed the legislation as an existential threat to American capitalism, or worse.

"This is the demise of a civilization," said Marcus. "This is how a civilization disappears. I am sitting here as an elder statesman and I'm watching this happen and I don't believe it."

Hey Bernie - I'll show you some capitalism... I'll never purchase another damned thing from your store. Dickhead.

Then there's the story of the jackass Fuld (you remember him... the guy who got into an argument over whether he made 300m or 450m in compensation running Lehman into the ground) who, in an apparent effort to safeguard assets, sold his home to his wife for $100. Between the accelerated 3 billion in giveaways to Merrill execs and the story of Citigroup and their $50m executive corporate jet piled high with rich corinthian leather... these guys just dont get it.

Or, to be more accurate, they dont care. They are not embarrassed. They are not chastened. They are going to keep doing whatever they want with intent because, to them, it's all about them. I know a girl they should marry.

And to top it off - we have Obama... who spent days sitting, working, trying to make a bailout bill that would be bipartisan. And what did all that pleading and compromise get him?
But Obama's personal salesmanship effort failed to secure a single Republican supporter for the spending plan, which passed on a 244 to 188 vote. Just a day after the president spent more than an hour behind closed doors at the Capitol seeking their support, all 177 House Republicans opposed the measure, arguing that it would spend hundreds of billions of dollars on initiatives that would do little to stimulate the economy.

Ok Mr President. LEARN THE LESSON. When these guys say 'dont do that' - do it. Nationalize the banks - not later - NOW. Raise taxes on the wealthy - not later - NOW. Nationalize healthcare - not later - NOW. None of these entities are going to compromise with you. These greedy SOBs are the cancer that is killing this nation - and you do not deal with this in small measures.

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