And, like Paul Krugman, I despair not merely because of the continuing A.I.G. follies, or the ongoing bailout debacle. I despair because, despite everything we now know, and despite the depth of rage that has been expressed from Americans of every conceivable type and ideology, the Obama administration seems determined to go forward with basically the same shitty bank rescue plan that the Bush administration tried, and failed, to foist upon us. It basically amounts to taking piles of money of earned by ordinary working Americans and forking it over by the shovelful to many of the most greedy, out-of-control, and dangerous corporate assholes in our nation.
Obama was this country's one great hope, but now I see all too clearly the potential that this administration could soon be going down in flames. Universal health care, the Employee Free Choice Act, an energy bill, court appointments -- all of that could be fading away in a puff of smoke, all too soon.
And it's all because Timmeh, and Larry, and most important of all, Barack -- have minds that have been warped by corporate propaganda, or souls that have been corrupted by power, or spirits that, for whatever reason, are pathetically timid -- and thus are unable to do the right thing. And not merely the right thing, but the only reasonable thing. Which is, of course, to tell the corporate elites to go fuck themselves, and start nationalizing the banks ASAP.
I pray that I am wrong. But the administration is rapidly heading in a very dangerous direction, and there's not a lot of time to change course. As of now at least, as Atrios says, it certainly looks as if all this is going to end very badly indeed.
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