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If the big bank bailout was a step in the direction of socialism, i'm not even sure how to blithely characterize this new plank in the Bush Administration's strategery:
Today's bright idea? "The beatings will continue until morale improves."
The White House literally believed that the banks would take the bailout money and do exactly the same as they did before the bubble burst. Is that really what the money was for?
There's so much wrong with this i don't even know where to begin. "The system that we have in America" is supposedly a free country where people choose -- as in "willingly," "by consent" -- whether or not to take risks with their money. Could the White House have any more plainly said that this way of doing things is now over?
It's part of a larger pattern, by which the Republicans (1) say over and over that government is the problem, not the solution, so when they are in power they do their best to screw things up, and (2) have been consistently saying things that escalate rather than de-escalate the fear and tension in society.
An impatient White House served notice Tuesday on banks and other financial companies receiving billions of dollars in federal help to quit hoarding the money and start making more loans.
"We're trying to do is get banks to do what they are supposed to do, which is support the system that we have in America. And banks exist to lend money," White House press secretary Dana Perino said. Though there are limits on how much Washington can pressure banks, she noted that banks are regulated by the federal government. "They will be watching very closely, and they're working with the banks," she said.
White House to banks: Start lending money
Today's bright idea? "The beatings will continue until morale improves."
The White House literally believed that the banks would take the bailout money and do exactly the same as they did before the bubble burst. Is that really what the money was for?
There's so much wrong with this i don't even know where to begin. "The system that we have in America" is supposedly a free country where people choose -- as in "willingly," "by consent" -- whether or not to take risks with their money. Could the White House have any more plainly said that this way of doing things is now over?
It's part of a larger pattern, by which the Republicans (1) say over and over that government is the problem, not the solution, so when they are in power they do their best to screw things up, and (2) have been consistently saying things that escalate rather than de-escalate the fear and tension in society.
