Monday, February 16, 2009

The Conservative Response to "Pre-Privatization" Could Make Life "Pre-Historic"

Apparently, the Congress is very busy focusing on the essence of the economic crisis and the implications of nationalizing the banking system:

The word 'nationalization' scares the hell out of people,"Rep. Maxine Waters, D-Calif., said on "This Week."

To combat that, some clever advocates of nationalization have come up with alternative names, including "government receivership" and "pre-privatization."

(I have another one - from now on, if someone gets murdered, let's refer to the victim as "pre-historic".)

Amidst calls for the outright nationalization of the banking system and brazen Orwellian brainstorming by lunatic Democrats, you might think the Republicans would be offering at least some ideological resistance. So what does conservative Republican Lindsey Graham have to say?:

"I would not take off the idea of nationalizing the banks" from the table, Graham, R-S.C., told George Stephanopoulos on ABC's "This Week" program "This idea of nationalizing banks is not comfortable, but I think we have gotten so many toxic assets spread throughout the banking and financial community throughout the world that we're going to have to do something that no one ever envisioned a year ago, no one likes," Graham said. "But, to me, banking and housing are the root cause of this problem. And I'm very much afraid that any program to salvage the bank is going to require the government.."
There you have it - "banking and housing are the root cause" - not government intervention in the economy. If we needed more, this is yet further evidence of total Republican ideological bankruptcy as detailed in a previous post [1] - the Republicratic Party at its finest.

1 comment:

Harold said...

I'm reminded of Ayn Rand's comments in "Egalitarianism and Inflation" on the incredible amount of cynicism on the part of the intellectuals (in this case the politicians) in renaming their policies to something more palatable. This is the same woman who "slipped" and commented that she essentially would be in favor of nationalizing the oil companies. Graham? Well, not much more to say about him, lol. However, I'm also reminded of Venezuela and her people's vote to remove term limits--perhaps the first step in an interminable Chavez rule. Like in The Godfather, he made the few remaining private oil concerns an offer they couldn't refuse. Will that happen here?

It's just so disgusting, I don't know what else to say.