Drudge Retort: Red Meat for Yellow Dogs

Los Angeles Times: As the Bush administration attempts to stabilize the nation's economy, we are witness to the final chapter of a period of perverse and dishonest leadership that has used its own crises to justify the expansion of its own power.

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Wow, it starts out describing what many say is the Democrat way of government. But no, just a man that has declared himself "King". Now he has guided us to the worst economic condition since the Great Depression. Though many say to wait because that "Greater Depression" is just around the corner. This man (group?) would like to eliminate that whole election mess and declare themselves the "Saviors of America". What we need saving from is the entire mess of Bushco and all that support. Sadly it may be too late to save our economy and world opinion.

Bushco may have single handedly have killed our position in the world. As a country we will survive but, as the world leader, we are doomed because of Him(them).

Blah blah blah blah! You sound just like an Ayatollah we once knew!

George W. Bush is and was an authoritarian executive who for much of his presidency was helping the nation stumble along with him into fascism.

I was going to ask, why is this news???

But its an editorial...

Like we didn't F'n know he and Cheney raped the nation...

This editorial raises a potent question---Will Bush's successor be willing to roll back the man's power grab?

Then there are idiots out there who will say Dubya was a better choice between Gore and Kerry. What utter and complete Hackery and BULLSHIT.

Larry

Like we didn't F'n know he and Cheney raped the nation...

#4 | Posted by lfthndthrds

There are a lot of americans, who don't stay up on politics that didn't know it. They are only now learning.

"That didn't know it..."

Reminds me of those Germans that lived next to those camps. How many really didn't know?


Editorial: Bush's 'Perverse and Dishonest Leadership'


No Shit, Incompetent Failure..


Reading opposition blogs, there has always seemed an enormous energy expended keeping unpleasant facts from conscious awareness.

What's fascinating is Bush is the number one thing they now try to suppress, As far as most of them are concerned, W. was never president, may have never really existed.

It wasn't that long ago they dealt with Bush as if he were, if not the Diety, then a plausible immitation thereof.

They used to approve EVERYTHING the man did, IMMEDIATELY---Regardless of his previously stated princples or their own. It was like one big and ongoing Nuremburg Rally.

Well said, ZED

"What's fascinating is Bush is the number one thing they now try to suppress, As far as most of them are concerned, W. was never president, may have never really existed."

Whole lotta revisionism goin' on.

I think you can find Germans who admit to having been Nazi Party members easier than you can find anyone who admits to having voted for Bush.

Memo to LA Times Editors: It appears to have slipped your notice that the administration which labors day after day to further the goals of our not-so-dear leader is made up almost entirely of Republicans. Does that bit of news make it any easier to see the path out of this mess?

Why do people, especially editorial boards who certainly know better, pretend that the actions of a government are solely those of the executive who sits in the Oval Office? To answer my own question, they do so to mislead people.

You sound just like an Ayatollah we once knew!

Would that be the one Bush handed Iraq to?

Or the one Reagan sold weapons to?

So many ayatollahs, so many failed Republican Presidents.....

McCainsCrackShack is a spambot.

Hey, next time just provide a link there, Senor Spamsalot.

Dumbya's empty rhetoric don't match his actions.

Nice try. Thanx fer playin'.

Don Pardo has some nice parting gifts fer yas.

Be Well.

/McCain's crackshack, btw, was the li'l place he rented to fuck whores and strippers like Marie the Florida Flame after getting back from 'Nam and before divorcing his wife (fer having the audacity to have survived a car wreck).
//ie. Yer candidate is SCUM.
///Good luck with the chick vote!

It seems ole Keith204 has his nose of Baracks butt so far he can't check around the internet to get the facts straight!

#17 | Posted by obamacrackshack
Well crackhead-riddle me this....
WHO was in charge of the White House AND Congress from 2001 thru 2006-covering most of the years you blathered about?

Talk about trouble getting facts straight!

chirp
chirp..

Anyone think that the above attempt to spam this thread out of existence resemble's McCain's rambling refusal to yeild the floor in Friday's debate?

the spam shows how corrupt the the beltway is
and elected officials should be forced to resign
or face prosecution if they had anything to do
with FRN FRE donations from lobbyists for starters.

The only prediction I remember making here is the Bush name would become the most hated name in US history within fifteen years.


Looks like it may happen sooner than that.


That, and it's getting harder and harder to find anyone who admits voting for the guy.


BL2? Where ya been lately, bud? Looking for that booming Bush economy you were bragging about 7 short months ago?

Why has it been so long since there was a thread to make it easy for crackpots to screech about Bush?

That used to be half of DR.

OBAMACRACKSHACK

Unless I see things differently, Sire Bush the Last was the High Leader during those times. Those same times that Bush featured the biggest power grab in our history. The members of congress were forced to block many measures that in reality would have extended Bushco even further. It seems so easy to point else were and say "He did it". As a leader, Bush tried in most things to give himself dictatorial powers. Is he and the group of neo-cons the answer for us?

Wake up, Obamacrackshack. Fannie Mae and Freddie Mac did not cause this problem, so the legislative history you present is irrelevant.

Failure to properly regulate new financial instruments (derivatives, bundling) is the real problem. Warren Buffett issued a dire warning in 2003 after they led to the demise of LTCM and Enron:

The rapidly growing trade in derivatives poses a "mega-catastrophic risk" for the economy...

The derivatives market has exploded in recent years, with investment banks selling billions of dollars worth of these investments to clients as a way to off-load or manage market risk. ...

He warns that derivatives can push companies onto a "spiral that can lead to a corporate meltdown", like the demise of the notorious hedge fund Long-Term Capital Management in 1998....

Derivatives also pose a dangerous incentive for false accounting, Mr Buffett says.

The profits and losses from derivates deals are booked straight away, even though no actual money changes hand. In many cases the real costs hit companies only many years later.

This can result in nasty accounting errors. Some of them spring from "honest" optimism. But others are the result of "huge-scale fraud", and Mr Buffett points to the US energy market, which relied for most of its deals on derivatives trading and resulted in the collapse of Enron.


Notice that bankers at this week's World Economic Forum sound a similar theme:

Liu Mingkang, chairman of the China Banking Regulatory Commission, lambasted as "ridiculous" the approach of US regulators to permit 100 per cent-plus mortgages, which he identified as a major cause of the crisis...

Blame for the meltdown should rest with leaders in the financial sector, who needed to refocus efforts on risk management and governance. "A fish doesn't stink from the tail," he said.

Bill Rhodes, a senior vice-chairman of Citigroup, urged action to prevent further damage to the real economy. "One of the things that must come out of this crisis . . . is some form of international accounting standards." www.ft.com


Fannie Mae and Freddie Mac did not cause this. Private firms over-leveraging and devoting too much of their portfolios to derivatives and bundles that are so complicated that their value and riskiness is much too uncertain caused this. They should be the prime target of new regulation.

Fannie Mae and Freddie Mac did not cause this. Private firms over-leveraging and devoting too much of their portfolios to derivatives and bundles that are so complicated that their value and riskiness is much too uncertain caused this. They should be the prime target of new regulation

~Phoenix

THIS.

A thousand times THIS.

Some stuff bears repeating.

Be Well.

Hey EVERYONE- Obamascrackshack knows how to copy and paste!!!

Nancy, Barney, Frank, Chuck, Chris and Harry have worked hard over the past 10 years to bring about the very economic problem that you are experiencing.

Don't forget George, Dick, Henry, Ben, Alan, et al....

Don't forget George, Dick, Henry, Ben, Alan, et al.... -- Danforth

Have you seen video clips of Ben? I give him credit for looking like he wants to crawl in a hole somewhere and die. Every other sentence is something along the lines of "Obviously, I have made a lot of mistakes."

Paulson's cheeriness, OTOH, really grates.

although fanny & freddie is a huge disaster in which the Democrats are complicite, the Republican's created the environment for fraud to flourish. It began in the State which refused to support BushCo with Constellation, Enron, Duke, Williams and other utilities ripping off every electricity user in California. Bush's FERC did nothing, Arthur Anderson, Worldcom and Tycco followed soon.

The BushCo players sternly warned against overregulating Wall Street and the cancer spread from utilities to finance, insurance and real estate (FIRE). To keep the economy on life support and continue their hold on power, they artificially pumped up the Real Estate Market. Construction, sales and mortgages boomed,until predictably, it collapsed.

There is plenty of oil, but the Iraq War destabilizes the Middle East and with it the price of oil. Secret derivative betting drives gas prices through the roof. The oil industry, which BushCo has subsidized heavily, begins to gouge taxpayers like never before and enjoy galatic profits. Wall Street attempts to pull out of their Real Estate Ponzi Scheme losses by moving into oil futures trading. It works for a while, but the high prices reduce demand. This fact is covered up for about a year and prices are held high. But this scheme collapses before November 2008.

CEOs rake it in like never before, through accounting fraud and one sided contracts. Corporate CEOs are on the top of an economic pyramid which emulates Medieval Society with no escape from debts for the poor and an insurance system which profits most by denying legitimate claims.

Milton Friedman, the Neocons, AIPAC run a broken system. An information control system broken by reality.

Dead Spud,
Just curious. What's with all the ////'s? Some kinda Canahdien thing?
BD

Obamacrackshack-
You realize that you just said that this problem was caused by a lack of regulation and enforcement.

Just curious. What's with all the ////'s? Some kinda Canadian thing?

~Biggie Dan

They are called "slashies" mostly.

It's a blog thang, ya gots to understand.

In lieu of PS, PPS, PPPS etc.

Instead of merely replacing the post script thing they are also used as a type of internal aside within a given blog posting.

Thanx fer askin'.

Be Well.

Keith204 wrote,

"The members of congress were forced to block many measures that in reality would have extended Bushco even further."

So let me get this straight its Bush's fault that democrats blocked legislation that would have regulated Fannie Mae and Freddie Mac and prevented this financial disaster.

Keith204, you really have drank the Kool-Aid.

#38 | Posted by obamacrackshack

Are you deliberately obtuse?

You kn
ow as well as any that nearly everything Bush is for contains certain "power Grab issues. So, in some ways you may just be right. In blocking this maniac from his PG's yes he does get credit
for screwing up everything. He seems unable to put forth a straight up and up anything.

I drink VO neat thank you. Try some but, it is for mature adults.

Credit weird lay out to DR. ???

Fannie Mae and Freddie Mac purposely mistated earnings, falsified balance sheets,eased credit restrictions, and bribed congressmen with campaign contributions to avoid regulation. --#41 obamacrackshack

Let me get this straight. You're telling us the Republican President and Repub Congress did not regulate Fannie Mae and Freddie Mac because FM/FM were bribing them... and we're supposed to blame FM/FM?

Honey, *I*'m not on crack.

some lame ass excuse why democrats caused this financial mess

Is that a self retort?

Crackhead, you get better and better:

Their [FM/FM's} relaxation of credit standards brought about the same kind of behavior in the rest of the mortgage and banking industry. -- #41 | Posted by obamacrackshack

In other words, those multi-million dollar CEO's were raking in the dough for watching FM/FM, and then saying "Do what they did"?

Could you provide a link? This should help make it a lot easier to limit CEO salaries when Obama's elected.

Nutcase, the bulk of fraud with Enron, Worldcom, Arthur Anderson, and Tyco took place during the Clinton years. How is it possible you think it took place during Bush's years.

Clinton was President when the Republicans had entire control of the House and Senate. They had more than enough votes to override his vetos.

Surely you remember Gingrich and his "Contract for America" and how the Repubicans controlled everything under Clinton since 1994. NOPE -- the Republicans are sweating bullets now trying to blame everyone but themselves.. Clinton buckled under their pressure and signed NAFTA after being pressured by the Republicans who controlled everything and it was REPUBLICANS who were responsible for Enron, deregulation, and all the corruption we see today.

Enron was more of the Bush deregulation scheme and it was Republican Senator Phil Gramm's wife who worked with Ken Lay on Enron. You remember Phil Gramm don't ya? The crook who snuck in a banking deregulation 262-page bill into a 10,000 page must pass Omnibus bill back in 2001 which allowed all this deregulation mess for the banks and financial institutions.

Nope, try as much as you like to slink away from it -- the REPUBICANS are tied to deregulation and globalism like a newborn to its mother's tit. The Republican mantra of NO rules and regulations and the rule of "the corporation is God" above all else is the altar at which they worship.

No way can you tied this economic disaster mainly to the Dems although I'm sure some benefited financially.

The American public knows exactly which party and which President is responsible for this economic disaster.

Clinton was President when the Republicans had entire control of the House and Senate. They had more than enough votes to override his vetos.

~CChris.

By the same logic the democrats have had 2 years to fix what they opposed in the first place concerning Fannie Mae and Freddie Mac.

~Crackie McCain

Wow, yer dumb.

Did the Dems control and overly powerful executive in the last 2 years?

NO!

Did the Dems have a veto proof majority in Congress?

No.

Did the Dems only have a 50/50 split in the Senate?

Pretty much.

Yer partisan hackery is as obvious as it is obnoxious.

There is blame enuff to go around on both sides of the aisle over this debacle but you won't/can't admit it.

With half the nation's hands wrapped arouind the half's necks and vice versa, the necks of those who really need wringing remain untouched.

NOT a coincidence, btw.

Dance, li'l monkey, dance.

Fool.

Be Well.

S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
It is ridiculous to claim like crackhead does that the Democrats blocked this bill when it died in a Republican-controlled committee of the Republican-controlled Senate.Richard Shelby could not get this bill to a vote despite having a 2 vote majority in the commitee.

Gawd its sickening how people down the Republican Kool-aid when a simple 5 minutes and a Google search will let you know that someone pissed in that Koolaid.

Such revisionism.

ITS TIME FOR CHRIS DODD AND BARNEY FRANK TO GO!!!

#56 | Posted by obamacrackshack at 2008-09-29 03:58 AM |


But is there anyway we can find a way to let George Bush and Dick Cheney stay?

Please...Pretty Please !!!

Would that be the one Bush handed Iraq to?

Or the one Reagan sold weapons to?

So many ayatollahs, so many failed Republican Presidents.....
#19 | Posted by northguy3

It's not a republican/democrat thing.

This is bigger than the president.
The president is a figure for those who really make the decisions.

ALL presidents have "advisors."

Presidents come and go, but "advisors" seem to hang around in the shadows from administration to administration.

The president ets the blame, but the "advisors" hang around, and this is why peple say "nothing changes."

"Gawd its sickening how people down the Republican Kool-aid when a simple 5 minutes and a Google search will let you know that someone pissed in that Koolaid."

Right wing game plan....just keep repeating accusations against Dodd, Rangel, any other Democrat and pretend that Republicans did not hold majorities in both houses til 2006. Typical talking point liars care more for party than country.

They're all guilty.

And we'll re-elect 95% of them.

I guess that means we're guilty too.

"I guess that means we're guilty too."

Posted by Hagbard_Celine

Don't blame me, I voted Badnarik.

LOL... and Larry wrote his congressman.

I was speaking collectively, of course.

Crackpipeuser-You said that I made the Democrats the ones at fault for whatever?

Please make another trip through the third grade(13th will be a go-I'm certain) and then reread what I wrote. I blame the nut job in the WH for his abysmal leadership. (or none-leadership) As far as a normal person would see things, the Democrats were given a commendation for stopping a power mad fool.

As to my suggestion that you try a mans strong spirits, that was the wrong thing for me to do and you to also do. You can't handle the good things men like.

Nonsense.. unless you'd also like to say that Lincoln was a poor leader, and this writer, had he been alive, would have said exactly that.

Unpopular president, standing firm on convictions, despite enormous pressure otherwise..

That will describe Lincoln and Bush.. not the poll driven sissies that would like to take his job.

We've not been attacked since 9/11.. that credit goes to Bush.. he ain't perfect, but he gets full credit for that.. not the bed-wetters that have rejoiced in finding every mistake and failure..

Bush/Lincoln?-Some what of a difference I think. Bush is trying to cause a revolution(fortunately as bad at that as everything else).

Lincoln had a totally different type of problem. A true civil war. Bush would have caused at least an impeachment and removal in similar circumstances.

Let us pray that no such similar things happen in this or any future presidency.

We've not been attacked since 9/11.. that credit goes to Bush..

#48 | Posted by nmg_no

We had no attack from 1941 until 2001. Does bush get credit for that too even though it was before he was born.

You righties have to understand we were attacked on 9/11 because of GWB and his stupid foreign policy decisions.

obamacrackshack,

You make an important point, but nothing I said contradicts Clinton's involvement. The bookkeeping fraud did not begin in Bush's first semester, but the California Energy Crisis did and that was what I was refering to. The culpability of Bush & Cheney for these crimes is clear, not just in the manner in which it unfolded, but their refusal to do anything about it. Cheney was an active participant, providing Ken Lay unlimited access and key Government appointments for being their administration's largest contributor. Yes, a few people were prosecuted, but the money was never returned. Our Government can impound anybody's home for commercial development, but we can never recover money stolen during white collar crimes. They won't even try.

The sudden collapsing of Enron, Tycco and Worldcom was a wakeup call to action. Sarbanned-Oxley was passed, but the SEC was clearly directed to lay off, just like the EPA and OSHA while other agencies began massive giveaway extraction programs, tax breaks and subsidies.

This is exactly how BushI handled the S&L Disaster. First BushI covered it up increasing the cost hundreds of billions of dollars; later fifty prosecutors were fired giving Neil a get out of jail free card; then a token prosecution of Charles Keating, overturned after two years; but never even attempt to retrieve any of the stolen money.

Phil Gramm's "Nation of Whiners" is taking it in the ass and we have Bush and Pelosi trying to punish the innocent. No one is less concerned about the well being of humanity than Cheney and no one is more responsible for the barrage of fraud which has enveloped this country than Mr. Gramm.

But, as we have seen over this last week, Pelosi, the richest member of the house, has actively conspired with Bush and Paulson to fuck the little guy, thereby improving their own positions.

The Democrats have played along, in order to be eligible for more bribes (campaign donations), but people like Cheney, Cunningham, DeLay, Gingrich, Gramm, Reagan, Thatcher are some of the political architects acting on behalf of Milton Friedman's rationalization's for the real beneficiaries such as Rothschilds, Rockerfellers, Duponts, JP Morgans families.

Today is the first time in decades that the Oligarchy hasn't called the shots. But the fight isn't over.

I guess the major problem for me is whether I accept the Bush folks stealing my retirement nest egg or am willing to forfeit that for new leadership in Washington. I tell you, 'tis a puzzlement. herm

right, lipz - less than nine months into his admin...

"We've not been attacked since 9/11.. that credit goes to Bush.. he ain't perfect, but he gets full credit for that.. not the bed-wetters that have rejoiced in finding every mistake and failure.."

How often has the US been attacked successfully?

If you're going to give him credit for "no attacks since 9/11", then logic dictates you must place blame for him failing to stop 9/11. By your system of measuring success at keeping us safe, he's got a worse record of preventing attacks than at least 95% of US presidents.


We've not been attacked since 9/11..
#48 | Posted by nmg_no at 2008-09-29 05:38 PM

We weren't attacked until 9/11.
On Bush's watch.
"Bin Laden Determined to Strike in US"
Zzzzzzzzzzzz
Order up another cord of brush for the converted pig farm in Crawford.

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