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Resistance See other Resistance Articles Title: Porcine Politics (good read) Porcine Politics I suppose I've ranted about this before (no doubt numerous times) but previously, the fate of our entire country has not been on the line, so it's likely worth mentioning again. The way politics works in America inside the District of Corruption is that the nominally voter elected (but in reality corporate-controlled) house and senate can't do much of anything in a straight-forward and forthright manner. If they were able to, they would not be voting of behemoth bailout bills, like the one passed last night 74-25 which was more than 400-pages in length. Remember, this started off as a three-pager which distilled to "Give us $700-billion - or more if we need it - and trust us to be honest and do good..." The way DC politics works is this: Say you have a real piece of crap legislation like this bankster bailout scam and you want it to pass. Yet, it's so obviously a scam that no one in their right mind would dare pass it. So, how do youi pass it? Simply throw in tax breaks and pork so that no one who's voting on it would be able to say "No!" In the latest bill, for example, there are some tax breaks. Enough to pay for the bill? Of course not, but enough to water down the string a bit. If folks in America would like to clean up politics, there's a simple way to do it: Change the rules in CONgress so that a bill can have only one subject and one subject alone. That way, when a CONgressperson votes, it would be clear what they were voting on. Not that I haven't said this before. You know that the so-called Patriot Act wasn't cobbled up in a few days - it was a control-the-populace bill that was no doubt sitting on a shelf somewhere as 'unpassable' until just the 'right' moment in the wake of a terrorist strike. Similarly, the present media-fanned 'crisis' is the obvious moment for fat cats to have their way with the pocketbook of Americans...so the stampede it on. --- Let's update the "Spin and Win" so horribly evident in the word use around "bailout" and 'rescue plan" as search terms in Google's news search engine. At only 20% and change when I proposed we could watch the spin on language last week, we've seen it pop up to 36.2% yesterday. Today's numbers at press time? "bailout" hit 233,649 and "rescue plan" hit 130,666 times for a total of 364,315 returns, which means linguistically, support for the banker bailout is down a tad to 35.87% which rounds to 35.9%. It doesn't take a genius to figure out that in the House, action could drag into the weekend. --- We also have to assume that the difficulty getting an email through to members of the House and Senate wasn't intentional, although several readers have pondered whether the 'server overloads' weren't just a little too coincidental. --- So now let's sit back and coolly assess where we have been, where we are, and whether things may go next: The Treasury Secretary wants $700-billion with essentially no strings to rescue his Wall Street cronies. The House told him to take a hike. Enough 'pork' was added to the original 3-page proposal to swell it to 400+ pages, which I doubt very many, if any Senators actually read through cover to cover in a grand display of porcine cosmetology. An AP story headlines "Once 3 pages, bailout bill now length of novel" which I got a chuckle out of because it betrays something linguistically. "What's that?" you're wondering. LOL - novels are fictions...got it? Like the word "rescue". Hiding in plain sight, ain't it? Meantime the SEC has continued the bank of short-selling of more than 800 financial stocks for fear that the free markets could whack them, and Lord knows we can have honest markets anymore. [note: I heard the extention is until 10/17] Let me see....hmmmm...did I leave out anything? There's a bunch of "should I mention?" items, like the rumors on the net about bank closure signs being printed, speculation (for now) that we will have a banking holiday next week in the grand Argentinean fashion (which we've been preparing for, having seen this coming for a long time thanks to the predictive linguistics..). Nope, that's a short enough overview to go with this morning's cuppa joe. Likely, the Baltimore Sun has it right when they summarize: "Despite sweetening, measure faces stiff fight in House." Today will be my third call to Congressman Hensarling's office this week. The first was to beg him to stand up to the Bankster Bailout (which to his credit he did) and then to thank him. And now, I figure I will put a modest campaign contribution on the table as evidence of my sincerity. --- As I explained yesterday, this $700-billion (and beyond) bailout is not going to stop the global marketplace from locking up. As noted yesterday, none of this seems to address the $55-trillion dollar potential of the CDS market to seize up, but we needn't go there. Next week will be here soon enough. Meantime, our list of who the white hats are in the Senate is pretty short. The Ever Long Free Money Line Yes, this is quite a scam they have going in advance of collapse coming anyway: The lineup of Banksters looking for free money from the taxpayers is now backed up all the way to Europe where we read that "France seeks $300-billion Euros 'rescue fund' (there's that word again, huh?) for Europe... --- Here's the problem: The global economic system is already locking up and we're going to need money in order to bail out humans - to pay for soup lines and such that go with global depressions. They are a repetitive fixture of expand and contract capitalism. But, instead of exercising restraint, and letting the wild-eyed gamblers take their freaking lumps and saving our hard-fought tax money for meaningful helping of humans not legal entities that play three card monty with offshore proxies, the Banksters and their pals the PowersThatBe are going to force us to 'shoot our wad' now instead of when collapse shows up this winter. The fat cats will be able to sit things out on a tax-free beach while the rest of us regular humans will go through hell on earth next year. Thanks a bunch... Economic Fallout Here's the really bad news that no one bothers to write about: Passing the $700-billion banker bailout will not solve the problems facing American business. That ship has already sailed and as I pointed out yesterday, the 'sand is already in the gearbox' of the economy. Besides the condition of my friends & clients (who collectively have over half a million being held up in payments to their firms because of banksters becoming financially 'retentive' if you follow my drift, we are reading that this is becoming commonplace. Examples: The Washington Post reports that "Auto Sales Fall 27% as Credit Tightens". Don't look now, but if you read the history of the Great Depression, auto sales began to tumble in August of 1929 and went over a cliff , along with the whole market, that fall. Aha! Those who don't learn from history are bound to what? Oh well, a $25-billion handout to the auto industry which you were so kind as to pay for with your income taxes might help a bit, but I'm not putting a lot of faith in it... CarMax cuts 600-jobs as new and used vehicle sales decline. But it's not just cars... "Micron losses deepen as memory sales fall." Living in Hawaii is getting cheaper: "Oahu (median: half above, half below) home prices fall below $600K; sales down nearly $1-billion." says the Pacific Business News. I suppose there're a few bright spots. Like Sony reporting that "PlayStation 3 sales better than expected" but honestly, with CONgress in session who needs the distraction of lesser games?
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