Bear Stearns/Santa Claus

(The following is taken from an e-mail to a law school classmate who was published in the Wall Street Journal in March of 2008 on the subject of the federal government's bailout of the Bear Stearns investment firm. Most of the profanity has been stripped.)

I have been thinking about [the Bear Stearns bailout] since I learned of it down in the Cayman Islands. I heard that raving twit, [US Treasury Secretary] Henry Paulson, stammering and stuttering his explanation of why it made sense to do the bailout. What a nincompoop!

No, actually, we the audience are the nincompoops because we nod our heads and suck this stuff up.

How can ANYBODY be surprised (though appalled) that this is happening?? Corporate welfare! Bidness as usual! Dubious has had someone to sweep in and clean up his messes his whole life, so why not share the wealth, esp. at taxpayer expense?

Paulson should have had the guts to just tell all the naysayers to go have sex with themselves. It would have made more sense, and it would certainly been in keeping with the Vice-President's example vis-a-vis Sen. Leahy. Besides, what difference could it have possibly made?

Paulson said US "fundamentals" remain sound. Not one pseudo-journalist bothered to ask him what "fundamentals" meant. They all just regurgitate this nonsense verbatim as if it SHOULD make sense to the cognoscenti. (Only hopeless idiots like me need ask.)

Amazing. As a passenger on the plane said yesterday when I was ranting and raving about that, what in the world would lead me to expect otherwise???

I wish Hillary and Obama would weigh in on this stuff. I would threaten to revoke the guarantee the very first thing I do if elected Prez!

I finally figured out that the reason the Boooosh Admin. approved the Bear Stearns bailout is because there are no "nigras" or "spics" in high places over there who might just piss the money away on drugs and booze or "wims" for their personal vehicles.

We have truly gotten the govt. we deserve.

The prez candidates seem to be willing to say almost nothing of consequence during the entire campaign. It does not matter, though, because Mencken's "booboisee" just don't seem to notice or care. Most voters respond to how they "feel" about a candidate, which is just as well, since their brains are overloaded with "American Idol(t)" and "Survivor" and critical thinking is a lost art.

Since "feeling" is so important, I would like to hook their genitals up to an electric socket so they could "feel" even better! As Bill Maher said the other night in his "New Rules," that politicians need to quit saying that Americans are not as dumb as they are presumed to be, well, yes they are!!! Most Americans are dumb as you-know-what!!!