Bush says Wall Street boiler room guys threaten WSMD!!!!!!

September 25th, 2008 at 12:31am Chuck Sweeny

I watched President Bush deliver his “rescue” speech Thursday night. He urged Congress to quickly pass a version of the $700 billion bailout of Vinnie, Slats, Guido, Spike and Bruno, and all the other guys in the  the -mortgage-backed  securities boiler room.

If we don’t act now, those boiler room guys are going to pile into a big Lincoln and take the economy with them, el Presidente warned. Those guys, Bush warned,  are threatening WSMD. (Wall Street Mass Destruction.)

Do you believe this stuff? The crooks  screwed up. We have to pay. Now. Or else we lose our homes, jobs, EVERYTHING.

This sounds a lot like the same president who warned in 2002 that we had to invade Iraq because Saddam Hussein had WMDs. (Weapons of Mass Destruction.) But it turned out they were just Weapons of Mass Distraction.

Sorry, but I don’t believe a word “W” says. I can’t wait for him to go.

Congress needs to take a long hard look at possible solutions to the financial crisis, and NOT be stampeded into acting because of panic peddlers on Capitol Hill and the White House. We need to shift this country back to a producing economy that creates real wealth, instead of the Ponzi Scheme consumer economy we now have. Because Ponzi’s house of cards is tumbling, as I suspected it eventually would have to, because it was based on phony assumptions.

Why does Bush propose bailing out failing boiler room rackets and not providing help to ordinary people whose homes are in foreclosure?

I hear that phones are ringing off the hook on Capitol Hill as citizens demand their reps and senators n.ot reward these Wall Street schemers. Who will our leaders listen to?

Entry Filed under: WSMD!