"No bailout! No KKK! No Fascist USA!"
Ha. Too late, suckers!
There was never any doubt in my mind that the extortion money would be paid. Of course it would, and the Congressional Dems would line up, nay push each other out of the way, to Git er Done!
It's what they do. It's who they are.
And no, they don't listen to us, they don't listen to Doom And Gloom Economists, and they don't listen to anybody they don't want to about anything, and they don't because they don't HAVE TO. They don't have to because nobody's going to do anything to make them listen or to stop them from acting foolish.
Snarking on a blog is not going to make them behave.
It helps relieve tensions, though, and under the circumstances, that's about the best we can hope for. The Wise Ones that I tend to listen to are saying this Extortion payment isn't really going to make any difference at all. It's not money, in other words, that "could be used" for infrastructure and health care and all of that. Yes, it's a parting gift to those who have screwed this pooch so badly, but it is not going to stop the coming crash. Nor, apparently, is it going to do much, or possibly anything, to buck up the Masters of the Universe. Basically, before they actually get their hands on the payoff, it will be worthless, so it doesn't matter. Not really.
Being worthless, this payout wouldn't be of any real use in restoring infrastructure or providing health care and energy independence, either.
Talk about "reset." The reset has to go right to the root and start the whole thing over. "Shock Doctrine" in reverse. The errors of Freidmanism erased, as if they never were. Total and complete repudiation. But it can't be a restoration of Keynesianism, either. Nope, it's gotta be something else.
And the impetus has to come from the People. The followthrough has to come from the People as well.
In other words, we, all of us, collectively, have to DO something -- make nonnegotiable demands, force an unwilling "system" to act first in the People's interests always.
And those Masters of the Universe must never be allowed to forget. Ever.