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Wrath of McGrath Blog General Author Reveals That Behind Closes Doors, Even GOP Members of Congress Fuming Over Bank Behavior! WELCOME TO THE CLUB, JOHNNY-COME-LATELY'S!
Wrath of McGrath Blog General Author Reveals That Behind Closes Doors, Even GOP Members of Congress Fuming Over Bank Behavior! WELCOME TO THE CLUB, JOHNNY-COME-LATELY'S!
Author Reveals That Behind Closes Doors, Even GOP Members of Congress Fuming Over Bank Behavior! WELCOME TO THE CLUB, JOHNNY-COME-LATELY'S!
Written by Jim McGrath Thursday, 08 April 2010 15:25
Michael Lewis, author of "The Big Short" tells how G.O.P. members of Congress (seemingly a group never one to truly indulge in fact finding on committee panels, or be well-informed about anything but distorted talking points and death panels), naturally skipped a Banking Committee hearing to attend a briefing by Lewis. Once told clearly and plainly what Citi, AIG and the rest had done, the GOP members were fuming. Well, see what happens when they step away from their trickle-down talking points supplied by Bane-er, McConnell and the other Palins? But we think they do get some credit -- for "smoking ears" about all this. Perhaps there is some good in them after all besides wanting a campaign contribution check. (For the story, see The Huffington Post at, http://www.huffingtonpost.com/2010/04/07/house-republican-book-clu_n_528385.html
What struck author Lewis was how uninformed the GOP members were. Not us. Especially not after hearing their level of debate during the 2008 election and since. However, we understand his reaction -- it is astonishing our elected officials could be so uninformed -- that it stretches belief, raises the eyebrows, bothers the mind and bristles the back, no matter how many times we hear it, because its seems more and more unfathomable and deeper and deeper with each encounter, be it sound bite, town hall debate, newsmaker shows, or floor speech. We suggest they devote less time to Fox News, Rush Limbaugh and GOP talking points, and more to reading up on the issues with sites like The Huffington Post, Business Insider, Zero Hedge Fund and others. They may learn something besides the marketplace is magical, trickle down works and all government is bad.
WHAT TO DO ABOUT ALL THIS CRISIS AND THE BANKS NOW-SOLIDIFIED POSITIONS THAT GUARANTEE MORE CRISES AND ECONOMIC HELL?
WE SUGGEST THE GOP UNITE WITH THEIR DEMOCRATIC OPPOSITION AND SHOW A LITTLE RIGHTEOUS ANGER IN PUBLIC -- BY PASSING REAL REFORM, THAT WILL PREVENT LIKE CATASTROPHES, NOT PAP LIKE DODD'S COMPROMISE VERSION, WHICH "REFORMS" THINGS LIKE HIDE THE PROPOSED CONSUMER FINANCIAL PROTECTION AGENCY IN THE FED (RUN BY THE BANKERS, FOR THE BANKERS) TO CONSOLIDATE, PERPETUATE AND IMMORATALIZE BANK POWER, TOO BIG TO FAILS, AND THE REST OF GOP-INSPIRED PHILOSOPHY THAT HAS STARTED (at least SO FAR), A NEAR DEPRESSION.
WHAT TO DO ABOUT IT? WE SUGGEST THAT OUR READERS, ALL INTERESTED PARTIES, AND EVEN THE MORE THINKING GOP, JOIN OUR DEMONSTRATIONS ON WALL STREET AND MAY DAY PROTESTS ON THE WEEKEND OF APRIL 28 - MAY 1ST, 2010. More to come, stay tuned for details.
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