Paulson: Congress needs to release second $350B

Oh, Igor and the Peanut Gallery! Paulson, just pray you don't finish up your time in total and complete shame and quit opening your fiscally retarded mouth!

Behold!!  the archangels of Capitalism who are blowing the trumpets of 300 years of "free markets" which always existed in crippled form, by a countervailing deformed social principle, the definition of class principle, alongside Adam Smith's social principle of wealth, has always subordinated social wealth into class wealth, through a fractured middle class, made servile to the oligarchy, because of the class divisions below it, the unpaid working classes whose wealth are transferred up to the upper classes.

This class structure and its crippled social wealth principle, deformed social principle of markets was the basis of the class mechanism that created undeveloped middle classes and undeveloped nation states, a class order that deprives 80 percent of the human population basic rights, human rights, economic well being.   NOW THAT THE CLASS MECHANISM IS BROKEN BY THE CAPITALIST ELITES THEMSELVES, THE MARKETS ARE BROKEN AND NO AMOUNT OF MONEY, LIQUIDITY, WILL CAUSE CONSUMERS TO BORROW OR BANKS TO LOAN.

TRANSLATION:  THE CORPORATE POLITICIANS FROM BOTH SIDES OF THE FENCE, THE CLASS LIBERALS AND CORPORATE THUGS BOUGHT INTO THIS CLASS DOGMA FOR DECADES, CENTURIES, USING MONETARIST POLICIES TO KEEP THE CLASS MECHANISM  FUNCTIONING, NO MATTER HOW CRIPPLED.   A BROKEN CLASS MECHANISM MEANS A DEPRESSION AND NEITHER OF THE TWO CLASS PARTIES WERE HONEST TO ADMIT THAT INSTEAD THROWING MONEY AT THE CRIMINALS, WHILE THE MAJORITY, DEMOCRACY DISSENTED, OF COURSE IGNORED BY CAPITAL AND ITS CLASS WHORES.

THE BAIL OUT FAILED, AND THE FIRST HALF PROVED THAT HISTORY, AND NOW THE QUESTION IS WILL THE PUBLIC ALLOW ITS CORPORATE THUGS, REPUBLICANS AND CORPORATE WHORES, DEMOCRATS, TO CONTINUE TO THROW TRILLIONS MORE TO THESE CRIMINALS OR IMPEACH EVERY PERSON WHO CONTINUES DOWN THIS ROAD.?

I really don't agree that capitalism is the problem.  Any reasonable system. if executed faithfully by moral and compassionate human beings will work.  Capitalism is a reasonable system, not perfect, but reasonable.  Capitalism was working here, the worhtless agents in our society were about to get devalued as is proper in a free market.  Goldman Sachs was bankrupt, the evil hedge funds were bankruot, the speculative fools on "silicon Valley" were about to be replaced by honest and effective businesses.  Capitalism was about to execute its creative destruction cycle in which liars, phonies, worthless, useless, overly rich are discarded because they are failures in the cold light of productivity and profit.

the trouble is that Paulson and his buddies will not let capitalism work.  They rode the "up" cycle, calling themselves free market advocates, but they never really believed in capitalism or free markets.  They are the uber-selfish, they believe in themselves and their own advantages however those come.  The very day that capitalism began to weed them out of existence, as the useless wasteful scum they are, they dismantled capitalism and embraced socialism eagerly.

Socialism is a reasonable system, if executed by moral and compassionate and well-meaning people, it can be made to work.  Paulson and his demonic brood are not moral, they are not well-meaning, they are not compassionate.  We cannot survive as long as they go unpunished and unrepentant.  They will now embrace socialistic actions like this bailout and their calls for "regulation" and they will work this into abomination and evil as well.  So I'm trying to warn people not to let them fool you again, for the hundredth time, as they now toot the horn following their false and corrupt leaders Obama, Pelosi, and reid and tell us that the problem was somehow capitalism.  They are just playing us for fools again.  Capitalism would work, socialism would work, but these guys don't want either.  They only use these ideas to tell lies, even Milton Friedman their supposed prophet was descarded and abused in his old age.  There is only one belief system in a toad like Paulson, and that is hatred of America and loyalty to his cult, Goldman Sachs.  He uses words like "capitalism" or "free market" just as ahammer to beat the people, the rob from us, to distract us from pursuing our enemies who is him and his deadly, remorseless cronies.

He looks like the bad guy from Roger Rabbit!

He looks like the bad guy from Roger Rabbit!

Yes he does. He is the person from whom Warner Brothers got the inspiration for the character. Isn't he?

Sharn, that was well written.  Hopefully, we will see either himself of ilk like him behind bars for pulling such a hazy wool of fear over the eyes of the American People.

I just don't understand this entire bailout. I followed the entire story in Aug/Sept but I still don't get it.  Obviously giving the money to the financial world isn't working.  Why couldn't that money be dispersed to Americans to pay their bills instead? If this bailout truely is the answer why isn't it working? People are still getting laidoff, businesses are still closing. What will releasing the second half do? Will it make the economy better, take us out of recession? I don't understand how all of this works? But then again, do I want to, do I want to upset myself even more than I am already.

Paulson wants the release of the second installment meanwhile the banks are hoarding the first installment and/or buying other banks with it. Of course the economy continues it's downslide toward deflation. But there will be those lemmingsd onb the right who will put the blame on Obama  for Pauulson/Bush's mistakes!!!!!!!!!

Sharn:

What is reasonable about a class system, with the kinds of massive failures you did not address, aside from your corporate cheerleaders.  A system that does not develop the middle class fully, leaves most of the world undeveloped, starving, while a handful of billionaires control more than 80 percent of the world's population, is "REASONABLE"???

By the way, a class system was born as Capitalism, not in opposition to it.   If Capitalism rejected classes, it would be called socialism.

Sharn; one other point, we are not dealing with "if" it was a certain way.  It is their way, and no amount of wishing will change it.  It is the door, and you will or won't walk through it and see what is.

our lives hang in the balance of what we will believe and what we will continue to ignore.

Can Bill throw some MY way. PLEASE!

I would've guessed he, and the like, are on crack.

Because it happened during the Bush administration, and EVERYTHING it touches turns to crap for us.

D I feel the same exact way.  I don't understand what is going on? Why isn't the bailouts working? Where is that money really going? Do they have to show where that money is going to the public or is that hush, hush, cause I definitely would like to know?

Well said.

Yeah!!  And Paulson is the one that convinced the Fed and Bush to let the banks play with the mandated reserve money....this wouldn't be half the issue itis if they told him to stuff that idea!

The politicians listened, sorta. I believe they are as ill-prepared as the so-called experts to deal with the tsunami.

As for some mass uprising, it could happen, well into the future though imho.

Why doesn't our government listen to us?

because we dont do anything about it. we @!$%# and moan, but we dont do anything.

humans in power will seek to remain in power unless they are motivated to do otherwise. @!$%#ing and moaning is not motivation.

stop paying your credit card bills.

go to DC in january and protest instead of applaud.

or do something else. but DO something!

they dont think we're stupid. but they are 100% convinced that we're not going to do anything about it.

who said we have to use their "money"? It would be so cool if we all just said screw you guys we dont need you zero value paper (cash, credit, bonds, stocks) anymore. Wonder what they would do? We need to go back to barter until these banks are broke and have no way to get power and control. Then we can resume.

Let Paulson get a bridge loan from Madoff.  That would tide things over until the new administration takes over.

who said we have to use their "money"

I agree with you Roadlesstraveled, we need to all boycott every single bank and watch them all go under! I for one, have committed to never again apply for a loan or borrow money from any bank and we need Americans to understand this. As I said in another blog, we need a SURGE of knowledge to Americans so they can UNDERSTAND this!

Let Paulson get a bridge loan from Madoff

LOL, this is a great idea!

Thanks Robin, I could not have said it any better!

Yes Robin I couldn't find the words and you have, thanks... Someone suggested the barter system again...right about now that doesn't sound like a bad idea.