Blame the greedy, blame the idiots, blame “The Decider”

Yeah, the buck stops at the top and the self-styled “Decider” had all the wrong ideas at all the wrong times for all the wrong reasons. Here’s how the NYT explains it in a beautiful analysis today:

From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own their own home with his conviction that markets do best when let alone.

He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.

Mr. Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants. The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Mr. Bush chose to oversee them — an old prep school buddy — pronounced the companies sound even as they headed toward insolvency.

bush_homeHow could one affable, good ol’ boy from Texas screw up so many things so quickly? Good question. But he didn’t do it alone. He had a whole host of enablers who elected him to office twice without ever looking at his resume. If they had, they would have seen that what George Bush did as president is exactly what he has done all his life: Time and again he was elevated to a position he didn’t deserve by his father’s influence and money, screwed things up royally, then turned to his father’s buddies – including the bin Laden family – to bail him out. Only difference this time, is we’re the folks doing the bailing!

Hey – let’s look what else Texas has given us – I mean,  how about them Cowboys!? America’s team playing it’s last game in hole-in-the-roof stadium. (Yeah, so god can watch his team!)  Yeah – and in the last quarter they give up  back-to-back touchdown scampers of 77 and 82 yards from scrimmage?

Hey, how about them Lions?! Wonder if the Big Three Idiots fly in to watch their team? Does nothing good come out of Texas these days? Or Detroit? As the NFL teams go, so goes their states? Hmmmm . . . Maybe we need to root harder for the Pats.

See why I seek solace in the night sky, coming back to “reality” only  once in a while to look at a football game? Every time I look at the “real” news, I see something like the preceding. Yeah, I saw a lot of this coming. But there’s little comfort in knowing that the nightmares you had in 2000 were an accurate preview of the country in 2008!

Believe me – I hope that the Miracle Man can perform miracles. But he’s the ultimate version of the kid who is given a barn full of manure for Christmas and immediately grabs shovel and with a smile says – “There must be a pony here somewhere!”

Arghhhhhhh . . . and speaking of shovelling crap, I’m guessing his new chief of staff didn’t emerge from the Chicago sewer system without some of the smelly governor’s slime sticking to him. Damn!

ooops –  I forgot – major mood shift time Merry Christmas . . .

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I know, I know . . . some folks don't like snow. Sorry. I love it! Gives the world a major do over! Hmmm. . . maybe that's the derivation of "snow job?" Ah what the heck - grin and bear it 😉

About these disgusting, greedy, idiots . . .

Hey, I don’t like name calling. These – uh, people – probably hug their kids and pet their dogs – but damn, they make me angry. Take the first few paragraphs of Tom Friedman’s column today and see if you can remain calm:

I spent Sunday afternoon brooding over a great piece of Times reporting by Eric Dash and Julie Creswell about Citigroup. Maybe brooding isn’t the right word. The front-page article, entitled “Citigroup Pays for a Rush to Risk,” actually left me totally disgusted.

Why? Because in searing detail it exposed — using Citigroup as Exhibit A — how some of our country’s best-paid bankers were overrated dopes who had no idea what they were selling, or greedy cynics who did know and turned a blind eye. But it wasn’t only the bankers. This financial meltdown involved a broad national breakdown in personal responsibility, government regulation and financial ethics.

So many people were in on it: People who had no business buying a home, with nothing down and nothing to pay for two years; people who had no business pushing such mortgages, but made fortunes doing so; people who had no business bundling those loans into securities and selling them to third parties, as if they were AAA bonds, but made fortunes doing so; people who had no business rating those loans as AAA, but made a fortunes doing so; and people who had no business buying those bonds and putting them on their balance sheets so they could earn a little better yield, but made fortunes doing so.

Isn’t that one helluva a chain of irresponsibility and greed – the part I put inbold? Greats ummary of our whole financial mess. I read that and had to pace around the room ten times before I could get calm enough to read the rest and see if Friedman had any wise words to share on where to go from here.

Nope . . .just made me angrier with more details of gross stupidity from people who live high on our pain and who are now holding us all hostage, making incredible demands, and getting them dished out in incredibly clumsy, fat-cat deals from a dying administration of more fat and stupid cats. (Why am Ipicking on cats here? I like them. these folks are dispicable. No – have to smile, have to remember – the actions of these folks are despicable. There – that’s better. )

Bottom line – there isn’t a solution. The rich got richer – the middle class will get poorer – and government will fumble on. Go home Bush – now! Yeah, I blame you becauseyou’re the enabler and the buck has to stop somewhere – of course it won’t. You;re as oblivious as these bankers to your own stupidity and incompetence. Just pass it on to this new kid – Obama. Yep – he’ll have to be a miracle man, that’s for sure. Grrrrrrr . . . Remember Ishmael, walking down the street on a bleak November day and methodically knocking people’s hats off? Time to go to sea.

Yeah if I push my chair back, look out the window, I see some bright sunshine breaking through. The rest of the universe is doing fine 😉