The Top 10 Signs You Are Living in a Banana Republic and My Favorite $100 Billion

Discussion in 'Politics & Religion' started by dirtyp, Apr 16, 2009.

  1. #1
    As the Republic’s eyes continue their glossy stare at the trillions (with a T) being poured into the financial bailout by this thing they mention on TV called “the FED,” we at The Barricade, with a fair-use tip-of-the-hat to Letterman submit a TOP TEN LIST: Top Ten Signs You Are Living in a Banana Republic.

    Why only ten? While there are certainly other signs that our country is a banana republic worthy of comparison to other ignominious, run-down, despotic regimes where the plutocracy plunders the treasury for its own interest, the American audience has an attention span of less than 30 seconds, is addicted to Ritalin and Adderall, and therefore has a penchant for lazy summaries and cliff notes. Have we lost you yet? Without further adieu:

    10. Zimbabwe–the archetypal banana republic and the home of the $100 Billion omelet–praises recent US FED action. So the FED–an institution of which most Americans have no true comprehension–prints over $1.2 trillion (with a T), and Zimbabwe declares, “Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are deemed necessary in their national interests. That is precisely the path that we began over 4 years ago in pursuit of our own national interest and we have not wavered on that critical path despite the untold misunderstanding, vilification and demonization we have endured from across the political divide.” Not the kind of endorsement we desire to restore confidence in our financial system.

    9. The Department of Energy was run by a dentist and never by anyone who has ever worked in the energy industry. Ever you wonder why we don’t have a national energy policy? Jimmy Carter named James Schlesinger—an apparatchik with no history in the energy sector—as the nation’s first Energy secretary. Ronald Reagan claimed he was going to dismantle the Department of Energy. His pick for Energy secretary was James B. Edwards, a man who understood drilling—he was a dentist. GHWB named former chief of naval operations Admiral James David Watkins as his energy secretary. Bill Clinton’s choices for the top Energy spot were: Hazel O’Leary, a lawyer; Federico Pena, another lawyer; and finally Bill Richardson, a politico and diplomat. George W. Bush’s choices to head the Department of Energy included Spencer Abraham, a lawyer who’d just lost his seat in the U.S. Senate, and Samuel Bodman, an engineer whose professional career was in investments and chemical production. Finally, Obama’s secretary of energy is Steven Chu, a Nobel Prize-winning physicist. Chu has experience in energy-related issues, including his job as director of the Lawrence Berkeley National Laboratory, but he’s never been in the energy business. “It’s the mythology of the Beltway,” one Houston energy analyst told me recently. “You are hopelessly compromised if you are anywhere close to the oil industry.” Ask yourself this simple question, would the Secretary of Treasury ever be nominated if he did NOT have extremely close ties to and was NOT captured by wall street? Which leads us directly to………

    8. The Treasury Department is a wholly owned subsidiary of Goldman Sachs and the other Wall Street mega-firms that are too big (or too connected) to fail. No explanation needed here. This is obvious to even the dopiest of Americans which leads us to …
    http://waronyou.com/topics/the-top-...-republic-and-my-favorite-100-billion-omelet/
     
    dirtyp, Apr 16, 2009 IP