The bailout that everybody said was going to
happen didn't. 95 Democrats defected from the
command of Speaker Nancy Pants, who tried
to blame the entire debacle on George Bush.
I guess they don't remember that it was Tommy
Boy Dowd and the rest of his cohorts including
Herebama Therebama that protected their old
friend Franklin Raines at Fannie Mae, and
refused to add oversight or regulation.
John Boy Kerry finally found a microphone today,
and he of course vehemently denied this any of
this was the fault of the Democrats, who as you
know are always looking out for the little guy.
We haven't heard from Billy Jay or Fat Al on any
of this, and the reason is simple. They both have
so much money that they don't care. And they
have it buried so deep that they can ride out any
crisis with impunity.
The fact is that Pelosi is the weakest Speaker in
history, and a dimwit to boot. Just when a deal might
be struck she tosses a grenade in the room, and
expects that everyone will understand it was just
Nancy Pants being Nancy Pants.
Can a deal be struck? Maybe, maybe not. And
maybe we should just let these companies fall.
Yeh...there would be a lot of short term pain, but
it might teach the Masters of the Universe a lesson.
I won't hold my breath, or bet my last ten dollars
on that though. All this talk is poppycock anyway,
and the markets will never be regulated the way all
the socialists want. One thing we know from Clinton
is that rules can always be circumvented. Obama's
fundraisers learned a lot of lessons from Clinton,
and they know the rules better than anyone, and
just how easy it is to get around them.
Poor John helped write the rules that strangled his
campaign in the early going, and that may end up
causing him to lose the election.
So this is the situation.
The country is standing at a financial precipice,
where everything can come tumbling down, and
a good portion of Congress takes off for a religious
holiday.
Nothing wrong with religious holidays, but you
might think there would be an exception granted
here. So it will be at least late Wednesday before
anything happens. If it happens at all.
Somebody should be stepping up to the plate here.
But it just doesn't look like there are any leaders here anymore.
My grandfather is rolling over in his grave.
From the big saddle,
Jim Whelan
The Chairman of the Board
P.S. If you followed my football advice Sunday you are a winner!
thejamesrwhelanagency.com
206 407 3124
Leave a comment