Went home from work early in order to practice capitalism, thought I’d cough up a lung and sell it on Ebay.  While prepping myself for this capitalist venture I caught the following quote on Glenn Beck’s show by Rahm Emanuel, the White House Chief of Staff.  This was said back in November to a Wall Street Journal conference of top corporate chief executives.

“You never want a serious crisis to go to waste.  Things that we have postponed for too long, that were long-term, are now immediate and must be dealt with.  This crisis provides the opportunity for us to do things that you could not do before.”

Hmmm… just this week U.S. Treasury Secretary Timothy Geithner said in a speech something that is strangely reminiscent of Emanuel’s remarks.

“We are going to have to adapt our program as conditions change. We will have to try things we never tried before. We will make mistakes. We will go throughout periods in which things get worse and progress is uneven or interrupted.”

This was unveiling the new “financial stability and recovery plan” which will mean, if I’m understanding this correctly, commit $1,500,000,000,000 to clean up bad assets and $$ for new lending through an expanded Federal Reserve program.  As he introduces this he’s already prepping us for failure.  That way we get snowed when things tank, and they will, he can just say “I warned you.”

All the while we have porkulus passed and is not surprisingly becoming worse in conference… and perhaps we are missing the game plan through all the pork.  A down payment for our trip down the road to socialism.

Please Mr. Emanuel, can we waste this crisis?

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  1. I think what they really want to do is to take over our nation's banks and make us a communist country. I don't think this is the “down payment” on socialism. I think it's the bill of sale paid in full. lol They want to take over the entire banking system and money supply. Money is power. When they are distributing all the money and collecting all the money — that's communism.

    They'll act like we're all living on the Government dole. But really — it's our money they've taken. They're criminals running a con. Congress and this administration won't convince me they represent the taxpayers or that they are “helping” anyone. It's our money. Give it back. Thieves. Organized crime. Pay for play — that's all this is, imo. Pay for play on a mass scale is communism the way I see it. What a mess. lol

  2. Thoughts on Bill Salier's idea?
    “…the government must significantly reduce unconstitutional spending in the federal budget. Then, Everyday America’s economic stimulus proposal would pay $950 billion into the Social Security and FICA trust funds. This figure is the estimated amount Social Security and FICA will collect this year. Once the funding is paid into the Social Security and FICA trust funds, the EA proposal would eliminate Social Security and FICA taxes from all Americans and businesses for one year.”

  3. I wonder if Shane know's how close the US economy came to crashing on Sept 15th or even understands the fact that we still are on very shaky ground with the financial system.. I believe our major bank system in currently insolvent and if that doesn't demand attention I don't know what does.. Its obvious that Shane is clueless here..

  4. Reno,

    Instead of just giving money to these banks, what they should have done – back with the original bailout – was insure the loans.

    It would have cost the taxpayers far less money. Also when these banks are going to be encouraged to give the same type of risky loans aren't we asking for trouble again.

    All this spending is just going to hurt us long-term.

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