SO MUCH TO BLOG; SO LITTLE TIME

Where to start?
Let’s try this: Pelosi lied – bad bill died. Speaker Pelosi thought this crisis was not about Wall Street or Main Street (I’m so sick of hearing that phrase) – it was about Pennsylvania Avenue. To her it’s just all a big political game. When John Mc Cain was on his way to Washington to be involved in debate, which incidentally is what he gets paid to do, Nancy and her assistant, old man Harry, stepped out to announce that a deal had already been made – it was a lie. It was a lie that didn’t sit well with Republicans. Then she stood in front of the house and blamed this mess on the Republican administration – another lie. It was a lie that didn’t sit well with Republicans. She said she had 120 votes from her Democrat Party members to pass the bill – she lied. It was a lie that didn’t sit well with Republicans. Three strikes and you’re out.
Strike two was a close call. Bush does share the blame. He should have been a more insistent critic of the way Barney Frank and Chris Dodd didn’t adequately oversee their delinquent kids, Fannie and Freddy. He should have brought the matter to the direct attention of the American people the way Ronald Reagan would have done.

When the dust settled today the American people had taken the reigns of their government firmly in hand. They snatched the bit from the teeth of a runaway horse and said a firm “whoa” to a team that was about to send the wagon plunging over the precipice.
The main reason the bad bill failed is that Americans aren’t the stupid clods the Democrats and some Republicans think they are. They mostly haven’t had the disadvantage of going to Harvard or some other left wing indoctrination tank. They recognize socialism when they see it and they’d rather take their chances in a capitalist recession than socialist slavery. Power to the people. To the barricades mes amis, it’s time for pitchforks and torches. Retire incumbents.

Congress may devise a bill that their constituents can endorse. They may not; we’ll see. It may be that no bill can solve the problem. The crooks and fools in Congress and on Wall Street may have delivered wounds too numerous to be healed by any prescription the doctors can concoct. We know we are in for tough times no matter what – everybody with any sense is assuring us of this. Will it be tougher without congressional action? We will never know the answer to that. But we do know that the capitalist system that has made ours the greatest, most prosperous and generous economy in all of human history will recover in time – it always has. If the government kills that amazingly successful system, replacing it with a socialist imposter we will find ourselves in the same position our European brethren enjoy – a position where the government takes most of the product of our labors and doles out what it thinks we need.