Sept 24, 2008
MONEY MONEY MONEY…the “root of evil,” the engine that “makes the world go round”…the
hot topic of the 2008 Presidential campaign.
Was it coincidence that the stock market crashed two weeks after the Obama campaign failed
to destroy Sarah Palin?
Is it coincidence that the engineers of the crash were two close associates of Obama?
Indexed to the conflated housing market, our dollar again lost its buying power. This was visi
ble on the domestic front where food prices, oil prices, clothing and shoes soared. Designers
were able to tag atmospheric prices onto “schmottes” you’d scorn if they were on a 99c reject
table.
And people bought them at astronomical prices.
This was the second sudden schlump in the dollar in recent years. The first was caused by
billionaire George Soros dumping dollars and buying up Chinese Yuan. Soros is Obama’s “Big
Daddy.
The new loss of dollar value delighted consumers abroad. However, in quasi feudal areas of
Europe cost reductions were not passed on to the consumer. So the consumer came to the
USA - by the planeload – shopping for clothes, gifts, property.
They then elevated the property index by raising rents astronomically, joyfully enjoined by the
local landlords.
Bailout? Schmailout! Now the “non-inhaling” Democrats, who refused to pass McCain’s S610
Fannie Mae regulator, want to give $700 billion of the people’s tax money to the
nudninks that created the mess in the first place. And put one man in charge. It would never
be a woman like Sarah Palin, of course.
Fannie Mae is too big. AIG is too large and amorphous. Split them into competing entities,
with any bonuses linked to performance.
And put them in next-Vice President Palin’s sights. Answering to a brilliant woman is the
worst punishment for the moose in the Old Boys’ Club.
