This morning's news is that the FED's are buying $700B in junk mortgages that no one wants that Wall Street and the mortgage speculative market created in this bubble. Thanks to my old college roommate (and his entire industry) who remain unrepentant in this debacle. Interestingly he maintained that everyone should have the opportunity to have a bullshit loan, now is this socialism or is it something else----that later.
Falling LIKE A ROCK BACK TO EARTH [did I call Palin an inanimate object---no]
Okay Sarah Palin, the one that Republican Senator Chuck Hagel (NE) stated this week was a SSSTTTRRRREEEEETTTTTTCCCCCCCHHHHHHHto be a Vice President nominee and the person that former McCain spokesperson Carly Fiorina said she was NOT even ready to run a corporation has now seen her rocket climb of popularity now pummel back to earth. Back on 09/11 she held a 52%-35% positive to negative ratio, where by Thursday it had fallen to 41% to 46% positive to negative ration. A decrease of positive of 11% and increase of negative of 11% WOW! That is like a rock falling from the tower of Pisa----oh that was Galileo when he began to study gravity.
WEEKLY COMMENTARY
With the unprecidented buyouts by the FED's the bail out plan there were some who stated that our nation has suddenly fallen into a socialist state. Well not really, socialism or communism actually is a state where there is no private property as a economic and social government system. Actually we have now exposed what was rumored to be for some time as a NEO National Socialist nation, err neo-Fascist State. You see the National Socialist Workers Party was a propaganda ploy of using a lie to describe itself. Actually the NAZI's where a partnership of the Military, BIG BUSINESS (mainly the BANKS and firms like Bayer, Volkswagon, Mercedes, & Thyssen) and the Authoritarian Government......hmmmm.
Let us see. In what could be described as a financial coup stemming from the financial markets collapsing under the weight of abdjunct speculation fueled by Republican deregulation and neo- laissez faire politics, the BIG BANKS and CORPORATIONS are now raiding the rest of the treasury to save their sorry asses. Simultaneously we are in a state of perpetual war for foreign lands and resources while internally there is an authoritarian social regressive revolution.
Maybe I am just too aware but that was the precise definition of German-Italian Fascism in my college days when I studied Political Science.
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