Bailing Out

700 billion of your dollars are about to be appropriated by congress to buy the bad debts of a host of so called Wall Street Wizards.
The nations topmost wealth worshippers, have in the past week, hit rock bottom with a sickening wet smack and now must go hat in hand to their paid agent in the White House to whimper for a hand out.
HEY!
A.I.G. why doncha get a JOB you BUM!! Some of us have to work for what we have!!!!

These would be the same bums who used to send the market worshippers at the Cato Institute phat checks every year without fail.

These are the same bums who raised millions for Phi Gramm and John McCain so they could deregulate the nation's financial institutions into a state of self destructive ANARCHY!

These would be the same bums who drove the global economy off a cliff!

And now they want 700 billion dollars of our money.

So HELL YEAH Barack Obama should talk tough on regulating the financial sector, I hope he talks even tougher next week! FDR did, listen to his 1933 inaugural address if you don't believe me.

And HELL YEAH, Barney Frank should be fulminating against the malign practice of "golden parachutes". If the American people are buying 700 billions dollars worth of bad debt, then the jerks who created this catastrophe HAD BETTER NOT float safety with millions of fresh greenbacks in their kicks.

This is a golden opportunity for Barack Obama, John Kerry, Barney Frank and the whole of the democratic party to break the power of reactionary socialism in this country.
By that I mean the entire system of tax cut based kickbacks and corporate welfare that has fattened up the overclass in the USA for decades now.

If Wall Street wants a publicly funded bailout, it will have to play by vastly different rules going forward and accept much more stringent regulation of the financial sector.

Frankly it is my hope that Congressman Frank and the congressional democrats write draconian legislation of a kind anathema to the President and Wall Street.

Hey it is a free market they can walk away and take their chances on boostrapping themselves back up to the top.

Oh but wait mah frenz, in a few days politics will set in and you will actually read caustic editorials from the likes of Jeff Jacoby defending executive hypercompensation on grounds of the "sanctity of contracts" or some such twaddle like that.
Watch for it!
Well these dingbats are about to sign a contract with the American people so for the sake of the polity I hope their representatives in congress drive a hard bargain.