What were the Bush Administration and Paulson doing when they got caught unawares? They weren’t surprised at all. They lied for months to protect the markets and it did not work. At the moment, many think it looks like they had no clue, but the odds are that they knew all along what was happening and followed the ostrich plan. They hoped that if they hid their heads long enough it would get better by sheer will.
The Democrats and Republicans voted to create the situation that banks abused over the years; much like letting the kid that loves chocolate into Willy Wonka’s Chocolate Factory and telling him to eat nothing.
Lastly, Bush and Congress have been whipping us up by fear mongering for years and we are now a bit wise to the panic syndrome. The old, “we need more power without oversight”, mantra that they have preached over 8 years is now being met with the people saying, “hmmmm, not so sure we believe you.”
In closing, we the people have been lied to about the reasons for war in Iraq, the desire to stop bin Laden by the Bush Administration, told to suck it up regarding health care and just two weeks ago we watched our leaders lie about the financial crisis after Freddie Mac and Fannie Mae were taken over. Is it any wonder that when the powers that be cry wolf, we say, “did you hear something?”.
Joan…
an interesting take on a interesting topic….