Bush Administration Knew Bailout Would Be Necessary For Months
What kind of fuckery is this; the Bush administration is lying to us again. They had this bailout plan worked out months ago. These people don’t give a shit about this country, all they care about is being rich no matter who or what has to pay the consequences of their pursuit of wealth.
Bush Mouthpiece Admits: They’ve Been Sitting on this Plan, By: emptywheel Tuesday September 23, 2008 8:57 am
Hidden in an article reporting that Cheney’s going to go hunt up some support for the $700,000,000,000 bailout is this admission that the Bush Administration has been sitting on it for some time:
Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough. [my emphasis]
Which raises three questions for me:
A) First, as we’ll discuss today in the book salon on Woodward’s War Within, the Bush Administration refused to admit Iraq was FUBAR even while, for seven months, they were drumming up a new strategy because it was FUBAR. They did so because they didn’t want to affect the mid-term elections. So has the Bush Administration been formulating a plan to bail out their buddies, in secret, because they didn’t want to let the voters know how badly they had fucked up the American economy before November?
B) And if that is true, how much worse has the economy gotten–and how much more expensive will the bailout be–because the Bushies were trying to hide yet another colossal Republican failure?
C) Or, did they simply not tell us about their fuck-up so they could spring the $700,000,000,000 surprise on us on a Friday and demand results by Monday? The Shock Doctrine at work!
Though, I guess “A” and “C” are not necessarily either/or propositions.
As always, be well
CF
Barack the Vote!…if you want a solvent country to live in.



March 10th, 2009 at 4:28 pm
Funny that you’re worked up about the late/quick implementation of Bush’s bailout plan (backed by Democrat majority Senate and House votes, by the way), but can’t even bat an eye at the Obama Stimulus Plan. They had 2 days, TWO DAYS!!! Less than enough time to read through the 1,100+ pages of the bill. Surprisingly, they are (the Democrats that voted for its passing) JUST NOW finding the earmarks that our President told us at his Address weeks ago “…was 100% earmark free…”.
Go figure…