Showing posts with label Wall Street Bailout. Show all posts
Showing posts with label Wall Street Bailout. Show all posts

Wednesday, October 1, 2008

WHAT COULD SAVE MCCAIN?

To those Republicans that might be reading my blog (I doubt that), yes, McCain is in real trouble. He may lose by a landslide, as the polls keep showing his downward fall, while Obama keeps going up with state and national polls. The maverick is getting thrashed and if this trend continues with 34 days to go, we may be witnessing a landslide by Obama.
But...and here is a big but...Don't underestimate the Republican trickery, they are full of ruses up their sleeves, and most of them dirty ones. I can think of the following ones:
(The picture above shows McCain hugging Bush, unrelated to this story, but related to his ideology)
( the above picture is definitely related to the story )
1.- Two weeks before election day the White House announces they have captured Osama Bin Laden, after following McCain's plan and secret advice.Of course, they don't divulge where they have Bin Laden and how they got him. Everything is TOP SECRET, and McCain is enjoying an incredible rise in the polls that puts him back in contention with high possibilities of winning it all. Am I implying that we have really captured Osama Bin Laden? Of course not! I am just putting myself in the shoes of the desperate Republicans who would not stop at anything to continue their quest for another four years of arrogance, ignorance, lies, and disdain.
2.- The failed bailout, now called " The Rescue Plan " for the second voting process, gets approved by Congress with the additional votes needed by the Republicans who voted against it the first time. The stock market feels the effect of that miraculous injection and shoots up like a rocket to the moon. The Republicans go on a ticket parade with their hero McCain and heroine (no punt intended) Palin as the parade Marshalls, throwing kisses and making all kind of hands and fingers waving at their adoring crowds in Missouri, Mississippi, Arkansas, Alabama, Texas, Kentucky...well, you know where. McCain's waiving somehow
handicapped as a consequence of his torturing suffered in Vietnam, and Palin's overcompensating with her fingers ballet-like movements. The Odd Couple on wheels.
3.- After a complete self-caused demise by Sarah Palin on her first and last debate against Biden, the Grand Ostrich Republican party (isn't the ostrich the animal that solves his problems by hiding his head in a hole?) will put enough pressure on McMaverick to dump Queen Crab back into the Alaska Seas and make it look like she decided to quit in order to attend her heavy, complicated, difficult and demanding PTA schedule. If McHero pulls this one, and hopefully for him not a la McGovern, who dumped his running mate Thomas F. Eagleton after 18 days of campaigning and then lost the elections, he may have a chance of creeping up the polls and still be a serious contender. Considering that at least three million Nascar fans, one million super senior Florida Jews (previously New York residents) scared to death about Obama being a Muslim who will support Palestinians over Israelis, the entire Miami Cuban population (about one million) lead by "the three licketeers" (the Diaz Balart brothers and Ileana Ros-Lehtinen), and at least another twenty million of "Hominis Ignoramus" troglodytes are strong McCain supporters, with or without Palin, the Palin Dumping is not a far fetched theory.
( Sarah Palin in Wonderland) (Will she get the boot?)

Unfortunately for the Republicans, Osama Bin Laden is still hiding among the Pakistani or Afghan goats, making it very difficult for the military K-9 dogs to differentiate the body odor. Obviously it is unfortunate for all of us that Bin Laden has not been caught and brought to justice. I want to make that clear before anyone jumps at my neck and goes for the jugular.
Also, to the Republicans disappointment, McCain will not be able to claim credit for the Rescue Plan, because Obama also contributed with his input to get this plan pass.
And finally, because it is a given that Sarah Palin has no clue about the rest of the world, or anything else, and McCain knew that from day one and regardless of that he chose her as his running mate. He must have his reasons because I don't think it is just to satisfy the Republican base. Therefore he is not going to ask her to go back to her wolves and caribou shooting or to her foreign neighbors watching from her window to acquire more foreign policy knowledge. He is stuck with her and both are going to go down these elections faster than an elephant in quick sand.
So sorry I lead you in, "my friends", into a horizon of great expectations. Did you think I was serious? McCain is politically doomed. Nothing can save him!

Monday, September 29, 2008

WHO'S IN CHARGE?

The Bailout Plan failed. Two third of the Republicans voted against the bill, in spite of "Heroic Maverick Efforts" by McPain.

That's too bad because I was already making plans with the profit sharing I was about to collect five years from now from this plan. Give me a break!

However, all things considered, I would had rather see the bailout bill pass to avoid this additional global warming doom. The only difference is that this economical one will be felt immediately.

With the announcement of the failed bill, the stock market fell almost 800 points in the USA. Other major world markets will fall to an unprecedented low too in the next 24 hours. The consequences of this could be fatal for many small businesses with massive layoffs and more damage to the already weak economy.

While all this is happening, many like me are wondering who is in charge of this country. Is it our Commander-in-Chief? The Democratic majority in Congress? The Republicans? Henry Paulson, the Treasury Secretary?
Exxon-Mobil's CEO? Walmart? Bank of America or Citigroup? WHO THE HELL IS IN CHARGE?

We are 305 million people, we have a president, a congress, 2 million lawyers (I just picked this number from a hat), some of the best economists in the world, and we can't solve this problem?

Someone in the Internet came up with an interesting idea. Instead of bailing out AIG and the other culprits why not giving every American over the age of 18 the sum of $360,000 each, after taxes. Yes, if you multiply this amount by about 200 million people you get at least 85 billion dollars. Imagine if we would get instead the prorate of the 700 billion dollars plan! We would all be close to the figure McCain estimated is the cap for our middle class citizen, about 4 million dollars. With that, Uncle Sam could make automatically 30%, no 1040s to fill up or any other complicated IRS papers, and everyone would jump with joy. The whole USA millionaire! Isn't that the dream of capitalism with the "trickle down" theory?

Of course, as good as it sounds, it does not work. My estimation is that of those 200 million people, at least half of them would quit their jobs, thus paralyzing industries, factories, construction, education, farm work, etc. etc. That in itself would already be the mother of all chaoses. Another 10% would move to a premature retirement in Florida, God no!
10% would probably use the money to buy a Testa Rossa Masserati or a Bentley (depending on their age) and other luxuries. 20% would probably get plastic surgery, you know, breast enlargement, face lifts, tummy tucks, sex change, and the like. The remaining responsible 10% might use that money to pay their mortgages, other debts and live happily ever after.
Therefore, I don't see that plan as a workable one to solve this crisis. WE NEED SOMEONE IN CHARGE! Someone with credibility and enough balls to hold the rains of this animal that is running amok, uncontrollable and overflowed with greed.
Will Congress finally agree on a bill that pleases both Democrats and Republicans? We already know it does not have to please us, but, as usual we'll take whatever they throw at us if it means it will stabilize this chaotic situation and people will not lose their jobs, their homes, their pensions, and their third world health care plans. Or perhaps on their next attempt, will the Republicans demand that Nancy Pelosi wear the same make up and eyeglasses as Sarah Palin in order to give them enough motivation to vote in favor of any other bailout package? We don't want these Republicans be offended a second time by the Speaker of the House, who blamed Bush and them for this mess, before the vote. She hurt their feelings! Which brings me to..."Country First", McCain's campaign theme. Apparently Congress Republicans don't seem to agree with their "Maverick", who also apparently, was not able to convince them to vote "yes". What a Maverick!

The picture we're looking at is not just about the market meltdown, it is more severe than that. It tells us that we are not capable to tackle a crisis as a united front without partidism. It also tell us that the Republican party with the presidential ticket they have been stuck with, are very unhappy and frustrated. To mention an example, all Republican Congressmen from Arizona, McCain's State, voted against the bill, that is, against McCain the Maverick, who almost cancelled his appearance in the first presidential debate to run to Washington for a superb convincing job to get them to vote for the bailout bill.

We also know who was at fault for this bill not to pass. Obama. You don't need any details. It was a statement made by McCain who will say anything to fill up his campaign speeches. Senility is a sad stage for a human being.

So, I go back to my blog title...WHO IS RUNNING THE SHOW?
Stay tune for more on the bailout saga on my next blog.