How To Know You Are Getting Jacked

by: Chris Bowers

Mon Sep 29, 2008 at 17:35

From commenter raj. How do you know when the bailout is little more than theft? When CEO's who stand to benefit from the bailout refer to the democratic political process as a hostage crisis (emphasis mine):

"The stock market was definitely taken by surprise," said Drew Kanaly, chairman and CEO of Kanaly Trust Company, referring to the House vote. "If you watched the news stream over the weekend, it seemed like it was a done deal. But the money is being held hostage to the political process."

That's right: people who refuse to hand over the money are the same as terrorists who kidnap people to make a political point. Democracy is simply a terrorist organization preventing CEO's from being reunited with their money.

Remember: people who oppose the bailout are just holding CEO money hostage. Once CEO's start using that language, it is a pretty good sign you are just getting jacked.

Chris Bowers :: How To Know You Are Getting Jacked

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How To Know You Are Getting Jacked | 16 comments

Don't Make Me Shoot You! (4.00 / 1)

Classic sociopathy from the criminal class.

"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3

by: Paul Rosenberg @ Mon Sep 29, 2008 at 21:38:09 PM UTC

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Don't make me shoot me (4.00 / 1)

They're pointing the gun to themselves, and yelling, "give me the money or the broker gets it!"

(hats off to Blazing Saddles)

War is Peace; Freedom is Slavery; Ignorance is Strength; McCain/Palin 2008

by: cheesehead @ Mon Sep 29, 2008 at 22:17:07 PM UTC

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Except It's One Of Those Silver Bullets You've Heard So Much About (0.00 / 0)

One bullet kills everyone in the room.

"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3

by: Paul Rosenberg @ Mon Sep 29, 2008 at 22:39:25 PM UTC

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That's a real reach. (0.00 / 0)

Almost as far as 'lipstick on a pig.' Clearly, the guy is saying that political considerations are trumping economic considerations. And by 'trumping', I don't mean to imply that anyone is actually playing poker.

Also: I am willing to pay the ransom.

by: JoelN @ Mon Sep 29, 2008 at 21:50:12 PM UTC

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Same deal with Rex Nutting of Market Watch (4.00 / 1)

Who called the House vote a coup d'etat. Well, sure. If Wall Street owns the government, I suppose you would think that. I can't imagine why anyone would think that, though.

I am in earnest -- I will not equivocate -- I will not excuse -- I will not retreat a single inch -- AND I WILL BE HEARD.

by: lambert @ Mon Sep 29, 2008 at 22:03:45 PM UTC

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Obama's statement shows he doesn't get it (0.00 / 0)

today's inaction in Congress as well as the angry and hyper-partisan statement released by the McCain campaign are exactly why the American people are disgusted with Washington

by: david mizner @ Mon Sep 29, 2008 at 22:19:02 PM UTC

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I'd say that pretty accurately describes my views... (4.00 / 1)

Nate Silver said it best for me:

"Having said all of the above, the schadenfreude of certain liberals on this issue is absolutely obnoxious. A lot of people are going to be hurt by this, and not just those in the investor class. I tend to see this more as a failure of our democracy than a reaffirmation of it. The congressmen who are retiring this year -- and who therefore can perhaps be described as the most neutral arbiters of the public good -- voted overwhelmingly for this measure."

by: leshrac55 @ Mon Sep 29, 2008 at 22:36:45 PM UTC

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A Lot of People Died In The Civil War Because Of Lincoln (4.00 / 1)

He wouldn't let the South secede in peace (after they attacked Fort Sumter, of course!)

"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3

by: Paul Rosenberg @ Mon Sep 29, 2008 at 22:44:58 PM UTC

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Not sure I get the anlogy... (0.00 / 0)

So are you saying that the economic harm that may be done to people outside the investor class is just sort of collateral damage that was necessary to avoid passing a shitty bill?

by: leshrac55 @ Mon Sep 29, 2008 at 22:49:51 PM UTC

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Nate Silver (4.00 / 1)

should stick to numbers. In any case, what he said is standard fare from Obamoderates.

A failure of democracy? The bill went down because a combination of principled opposition and political fear instilled by pissed off opposition--democracy, that is. It's really pretty disgusting, this view expressed by Silver, that it's unseemly for pols to respond to public opinion. If Obama wanted a different result, he should have participated in democracy: fought for passage of the bill and explained why this bill, as opposed to numerous alternative approach, is what's needed.

That's what no one--not Nate Silver, not you, and not even Paul Krugman--has done: explained why we need this bill, and not a smaller one, not one that works within the Bush-Pauson framework. Previously the rationale for support this bill was that it was it could pass. Well, apparently not. Next rationale, please.

It's an obvious logical fallacy to claim that because something needs to be done, it needs to be this.

Moreover, it's laughable that the defeat of a centrist corporate-friendly bill is typical of the problems that ail DC. That Obama believes this, or is pretending to, is deeply to his discredit.

by: david mizner @ Mon Sep 29, 2008 at 23:37:30 PM UTC

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Actually... (4.00 / 1)

Given that polls on the bailout are starting to move in favor of doing SOMETHING and that the GOP is getting the blame here, I'd say he gets it big time in the context of the race.

This is a shitty bill, but there are a LOT of people smarter than you or I that are saying "It sucks, but if we don't free u the credit market, we are in deep shit"...

by: yitbos96bb @ Mon Sep 29, 2008 at 22:45:04 PM UTC

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Oh come on (0.00 / 0)

Saying that something's being "held hostage" is a far cry from equating people with terrorists. Claiming that they're somehow related is utterly ridiculous.

I know this website is wholly anti-bailout, but this kind of stuff really just makes you seem desperate.

by: ccarollo @ Mon Sep 29, 2008 at 22:39:47 PM UTC

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Very True! (4.00 / 1)

Lots of hostage takers have no intention of terrorizing their hostages. They tickle their toes with flamingo feathers, and regale them with Sarah Palin jokes.

"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3

by: Paul Rosenberg @ Mon Sep 29, 2008 at 22:47:53 PM UTC

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Does anyone else thing... (0.00 / 0)

Does anyone else think it may be time to replace Pelosi and Reid? Put aside the ramrod job for a minute... Our leaders COULDN'T CARRY THE PARTY.... That's a failure of leadership... if you can't control your rank and file, you don't deserve and SHOULDN'T be a house or senate leader. Delay was a corrupt piece of shit... but he kept his party in line. We need Dem leaders who can do the same...

I'm not sure who in the house, but I think the oppurtunity is right for Hillary to become Majority leader of the Senate.

by: yitbos96bb @ Mon Sep 29, 2008 at 22:41:33 PM UTC

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Except that she (0.00 / 0)

said she would vote FOR this bill.

She still hasn't got her sea legs, progressively speaking. She voted well on not censuring MoveOn, and she voted well on FISA. I have hope for her but she's not there yet.

Montani semper liberi

by: Sadie Baker @ Tue Sep 30, 2008 at 02:14:55 AM UTC

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Turnabout is fair play. (0.00 / 0)

After all how long has our political process been held hostage by money?

Montani semper liberi

by: Sadie Baker @ Tue Sep 30, 2008 at 01:36:33 AM UTC

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How To Know You Are Getting Jacked | 16 comments