GIMME A TRILLION BUCKS NOW. Trust Me. I Spent the Last Trillion in Iraq. What Can Go Wrong?
It's HOW they went about, not just asking for it, but DEMANDING it before DISASTER and CHAOS and HORROR and RUINATION occurred. Demanding it NOW. "Clean." No strings attached.
Not just demanding a trillion bucks. But demanding that one Bush appointee-man be in charge of spending it. No questions asked, by Congress or anybody else.
Trust me, he said.
But here's what REALLY worried me: It was the roll-out.
Because we've seen this song-and-dance before, folks.
For those of you with short memories, let me refresh them:
Back in 2002, the Bush administration began to make a "sudden" and "urgent" request for war with Iraq. The primary selling-point was a closed-door meeting with ranking congresspeople, in which the Bush administration laid out its case that Saddam Hussein represented a clear and present danger to the U.S. and that if we did not act NOW to stop him, he would soon develop an atomic bomb and there would be "mushroom clouds," as our National Security Advisor at the time, Condoleeza Rice said.
Then came the media roll-out. Every top warmonger in the administration fanned out to saturate Sunday morning talk shows and news programs. Media moguls were courted like lovers, given special access to big stories, and denied access altogether if they dared print any objections to the Bush threats.
Republican congressmen and women, and more than a few cowed Democrats, as well as administration spokespeople including Dick Cheney, stepped up the terror-threat alerts that stated, flat-out, that Hussein had been directly responsible for the attacks on our soil on 9-11 and would do so again if he were not stopped.
Anyone who questioned these urgent calls for immediate action were shut down as being unpatriotic, or worse, being reckless with our national security.
The consequences of war were laid out in flowery, gentle terms--all about celebrating Iraqi people pouring out into the streets to toss flowers at our troops and greet us as liberators. Two months after the invasion, Bush did his whole "Mission Accomplished" campaign commercial strut in his little macho flight suit.
Pundits gushed.
When the insurgency reared its ugly head almost immediately, Bush administration spokespersons denied it, discounted it, swore that it was "a few dead-enders" and in its "final throes."
Now, six years later, we know beyond a questionable fact that the entire thing was lies, lies, and more lies.
And six years later, we're still fighting and dying in Iraq and our country has borrowed close to a trillion dollars to pay for it from nations just barely our allies.
Pay attention now...
Suddenly there's this catastrophe--ever notice how, during Bush's entire two terms, his administration has lurched from crises to catastrophe and how often they've said, "Nobody could see this coming" when in fact, many many people did?
Anyway, there's a new sudden "unexpected" catastrophe.
First thing, a Bush administration representative meets behind closed doors with a congressional delegation and, again, immediately scares the holy living shit out of them if they don't ACT NOW, IMMEDIATELY, EXACTLY AS THEY ARE TOLD TO DO!!!
Frightened congresspeople and administration spokespersons fan out across the news airwaves and Sunday morning talk shows, predicting horrors beyond imagining if we don't:
(a) trust the Bush administration
(b) do it now
(c) lay out a trillion bucks as if it were pocket change
Anyone who does not get on board the fear-train is upbraided as someone who fails to fully appreciate and understand the breadth and scope of the threat, someone who would risk the financial security of the entire country--nay, the very planet--in order to discuss this demand for, oh, I dunno, a few days to think it over? Talk amongst ourselves?
NO! Can't WAIT a few days!
Need a "clean" bill!
Need it NOW.
But don't take my word for it. Here is a piece from New York Times economist, Paul Krugman, in today's "Cash for Trash" op-ed:
http://www.nytimes.com/2008/09/22/opinion/22krugman.html
"Some skeptics are calling Henry Paulson’s $700 billion rescue plan for the U.S. financial system “cash for trash.” Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq.
"There’s justice in the gibes. Everyone agrees that something major must be done. But Mr. Paulson is demanding extraordinary power for himself — and for his successor — to deploy taxpayers’ money on behalf of a plan that, as far as I can see, doesn’t make sense.
"Some are saying that we should simply trust Mr. Paulson, because he’s a smart guy who knows what he’s doing. But that’s only half true: he is a smart guy, but what, exactly, in the experience of the past year and a half — a period during which Mr. Paulson repeatedly declared the financial crisis “contained,” and then offered a series of unsuccessful fixes — justifies the belief that he knows what he’s doing? He’s making it up as he goes along, just like the rest of us."
Guys, I'm not saying that the Bush administration has not flat-out bankrupted this country. I've been warning my conservative friends of this for many years. And I'm not saying the situation isn't volitile and in need of immediate attention.
BUT BE FOREWARNED.
Every time the Bush administration does one of its urgent media roll-outs for yet another self-caused catastrophe and goes out of its way to railroad a cowed congress and a befuddled American people...you can bet it's just another disaster in the making for all of us.
I'm no economist, but I fail to see the harm in congress's slowing down for a few days to seriously consider the bill, its implications, and how best to use all of our hard-earned taxpayer money.
(For one thing, and this may be a silly question, but since it was ballooning mortgages that caused this problem in the first place, why not just roll back the interest to what the homeowners were paying before they got into trouble? The banks would still make money, the homeowners could keep their homes. Why force them into foreclosure and sell the property for a loss?)
Right now you can bet that any rammed-through program that comes from this bunch is heavily favored to the very rich and to corporate interests.
This race to get it done without oversight is just a typical Bushian tactic of using emotional blackmail to keep our elected officials and our media from asking the tough questions that need to be asked to protect us from their own excesses.
We've already given them a trillion bucks.
They spent it in no-bid contracts to their private-contractor buddies who proceeded to squander it in ways completely devoid of any oversight or accountability in a war that never should have been waged in the first place.
Now they want another trillion for yet another bright idea their neocon little minds can come up with. They're trying to bully us to get what they want. Again.
Slow down. Ask the questions. Get it right this time.
We deserve at least that much.
And they don't deserve a damn thing.





Deanie, you're the best. Don't ever leave us, K?
September 22, 2008 12:47 PM | Reply | Permalink
I'm just calling it a gun to the head!
September 22, 2008 1:05 PM | Reply | Permalink
Remember this Nat Lamp cover?
http://en.wikipedia.org/wiki/National_Lampoon_magazine
Everything old is new again.
September 22, 2008 9:18 PM | Reply | Permalink
Yeah... what CAN possibly go wrong? (I'm with Jane: gun to the head!)
Remember, these bozos always roll something out in the Fall. Always in a rush. Always leading directly off a cliff!
Thanks, Deanie.
September 22, 2008 1:35 PM | Reply | Permalink
Well, Bush sucked me in with the war, so I certainly admit the possibility he's doing it again...I just don't know what the motive would be here...I don't see how throwing the country into a depression helps him.
What's going on now has been dinner table conversation at our house for months and months...This was foreseeable and it really pisses me off that it was allowed to happen...
We are in new economic territory. Even the experts aren't sure what to do. We are ALL at great risk. I just don't know if we are days away from disaster or months...I sure hope SOMEONE gets it right...just don't know what "right" looks like right now!
September 22, 2008 2:46 PM | Reply | Permalink
Bush's motive (let's be honest here, Bush doesn't have anything to do with this. He just does what he is told to do.) is to keep a Repub in the White House next year. If he can scare us badly enough, get a crisis going, enough voters will decide not to "change horses in the middle of the stream" and McCain will win.
It has become more and more obvious that McCain can't win without help of this type. And, since there is still money out there not owned by the wealthy 1%, a McCain victory is worth billions if not trillions to that 1%. This Paulson Plan is a sure winner.
If the Democrats modify or delay it, the inevitable depression and super inflation will happen and the voters will blame the Democrats.
If the Democrats pass it, it will be their fault for tossing away a couple trillion dollars for nothing, so the voters will blame the Democrats.
If the crisis develops because of the fear mongering, see the horses in the middle of the stream comment.
If the Paulson Plan doesn't cause a crisis, and the economy settles down for a month, it won't matter much to the 1% that Obama will win. They will have most of the remaining wealth of the nation in their bank accounts - MISSION ACCOMPLISHED.
September 22, 2008 10:39 PM | Reply | Permalink
Yea, the last time these guys screamed for an up or down vote with haste, was for the patriot act. No little poison pills in that little diddy, was there?
September 22, 2008 3:22 PM | Reply | Permalink
It was for immunity last time! Grrrrr!!!!
September 22, 2008 3:46 PM | Reply | Permalink
Damn it, Deanie...I started writing something like this at noon today. Sat on it for a while, came back, finished it, and refreshed TPM.
And there sits this post. Probably banged out within 15 minutes of you waking up, and better than anything I could write.
I'm going to put my laptop away now and go blow bubbles or something. Well done, and rec'd.
September 22, 2008 4:56 PM | Reply | Permalink
eastside93--I doubt it! But thank you!
Tell you what I noticed--I thought I was being so original, then came to TPM and the battle-cry everywhere was "WMD's" which of course said it much more succinctly. And I'm glad we're all on that same page, too.
I'm very relieved to see that congress--spearheaded by Chris Dodd and Barney Frank--are just as aware of this concern and don't seem to be backing down either. And Obama gave a KICK-ASS speech in Wisconsin today (it's over on Election Central)--that I think was thorough, smart, and take-no-prisoners.
And the reason he could put forth such a thorough program is that he's been saying about 9/10ths of these things for the past 18 months, but few paid attention, what with all that lipstick to argue over and other deathly serious things. I've been printing up his major addresses and filing them for the better part of two years; and he is far more prepared than he gets credit for.
September 22, 2008 5:46 PM | Reply | Permalink
Deannie:
Yours is a voice of sanity in the midst of hysteria. A few days to consider the implications.... sounds right to me. NO MORE of this crisis/catastrophe "act now, trust me" when it DOUBLES the debt we have already incurred for Iraq. What could Obama, or anyone else, do under those circumstances, when the perhaps hypothetical funds (or debts) to invest in alternate forms of energy, etc. would be blown before he takes office.
I like your idea of reducing the interest rate to pre-call levels.
Let's breathe. And think before jumping on the Bush bandwagon.
Rec'd!
September 22, 2008 6:03 PM | Reply | Permalink
I highly recommend that everyone write to the senate banking committee. I found out yesterday that you can write to the 'committee' itself when I was looking for a list of who was on the committee. I am writing individuals as well as the committee as a whole. There are both republicans and democrats who are nervous about giving so much power to one person so I think hearing from the public and feeling some pressure about this is a great thing. Especially hit Senator Dodd because I think he is getting the most direct pressure from the adminstration. Time to be 'squeaky wheels'!!
September 22, 2008 9:02 PM | Reply | Permalink
In the film Papillon, the character played by Dustin Hoffman was sent to Devils Island, because he committed embezzlement and fraud.
I say that all those crooks who broke the banks on Wall Street, be given similar treatment.
September 22, 2008 9:11 PM | Reply | Permalink
For Bush its all about politics, if he says the sky is falling within 60 days of an election you can bet your last dollar it is just Republican politics.
Buy some market quiet before the election for 3/4 trillion and help the Great White Maverick and his Soulmate get elected.
September 22, 2008 10:00 PM | Reply | Permalink
Pay for it with Wall Street Bonuses as a starter. Seems fair!
http://tpmcafe.talkingpointsmemo.com/talk/2008/09/fair-market-solution-retroacti.php
September 22, 2008 10:52 PM | Reply | Permalink
Good again, Deanie. As I just stated on another thread advocating for a bailout, "I am Not a hostage!"
Let these bastard corporations, CEO's, and the republican administration eat yellow cake!
What are they going to do take us down? They are going to anyway. If they intend to rob us they will take everything, not just our pocket change. Dignity is the only scrap you may be able to hold on to, and yes I realize that makes for a poor meal.
September 23, 2008 4:34 AM | Reply | Permalink
Deannie I hope that your post has rekindled the very short memories that people have.
The Bush doctrine is to frighten the hell out of people that something terrible is going to happen and then to do something very hurriedly and very expensively - like going into Iraq illegally, like spending billions on the ensuing occupancy there and in Afganistan, like spending millions on Homeland Security etc etc etc.
If only a fraction of that money was spent on diplomacy- we would not be in this mess.
Iran has oil and gas and Bush and his motley crew must be busy putting together plans to get at those resources.
The sad sad thing is that democrapy does not hold these guys from Bush to Rumsfelt to Cheyney accountable!!
They will, thanks to the democrapy ways of the USA, retire in the sunshine islands of the Caribbean and leave us and our next four generations to shovel the ....... and try and sort things out!
September 23, 2008 7:32 AM | Reply | Permalink
I like that you and the majority of the tpm community are calling this $1 trillion instead of $700 billion. There's no doubt in my mind that if this thing gets pushed through Dubya might finagle that other $300 billion with a "signing statement" or some other unchallenged new power he has yet to assert. Iraq wasn't supposed to cost anywhere near $1 trillion, but we all know the outcome of that promise.
This administration has truly helped the wealthy, greedy, and powerful systematically sack the middle, working, and every other "social class" that will feel the real effects of this financial crisis. Well written sir! Hopefully, this post does not foreshadow another horrific financial catastrophe rammed down our throats in days. We can only hope that the dems realize that they are on the verge of taking back control and that they have to call bullshit before another trillion is taken from us that we don't have.
September 23, 2008 7:53 AM | Reply | Permalink
hoppycalif, and some of you who thinks this is going to some how HELP John McCain are, I think, too pessimistic and cynical (not PERSONALLY, just in this instance!) Because I read so much all day on account of not having a life ha ha, I really do have my ear to the ground, and what I'm hearing is a rumbling shaking the earth across the country, and that is that this is the GOP's problem. The American people are sick of Bush anyway, but this is the last straw, IMO.
Bill Clinton said on Letterman last night that he thought Obama was going to win by a much better margin than he is showing in the polls even right now. He said that he thought people were going to go into the voting booth and think to themselves, You know, I like John McCain. I think he is a good man. He's given everything you can give to a country without being killed for it. But this time, buddy, I've got to vote for change, and Obama is just more likely to deliver that change.
I sat straight up when I heard that, because that is exactly what I did back in 1980. I was an Independent back then and prone to vote split-ticket on issues. I loved Jimmy Carter and his plain-man ways, the way he carried his own bags and got rid of all the Nixonian royal-White-House ways, and how he'd spend the night in people's homes.
But he was not a good leader. He micromanaged, for one thing, and he lacked the ability to inspire the country. We were mired down in the Iran hostage crises and inflation was out of control. I cast my vote for Ronald Reagan that day and literally cried when I left the polls because I just couldn't back a good man because he wasn't good for the country right then.
I don't want to get into whether voting for Reagan was right or wrong 28 years ago--but my point is that I think Clinton is right.
Being a good man (and these days, even that's debateable where McCain is concerned) is not enough in times of crises. The logic that Americans would keep the GOP in office when they CAUSED the crises is just not logical, IMO.
People are just sick of all this. With the exception of right-wing zealots in love with Palin and bigots, I think we're going to see a very nice surprise for Obama in November.
But we can't just rest on that assumption. Every vote counts. Be sure to do your part to see to it he gets as many in your area as you can.
September 23, 2008 9:13 AM | Reply | Permalink
We are witnessing the culmination of the Grover Norquist "shrink government so small you could drown it in a bathtub" scheme.
It will be the social programs that will suffer. No money for healthcare reform. Not enough money in government to conduct oversight (see ya later regulatory agencies!!).
No Blank Check!!
September 23, 2008 9:28 AM | Reply | Permalink
wvbiker, do not despair. Obama gave a major speech yesterday in Wisconsin in which he spelled out exactly how his admin would be able to handle this crises and continue with his plans to support alternative energy and provide health care. It was smart, sensible, and thorough. I'm in a mad dash this morning or would link it to you.
Go over to Election Central and scroll down for it. Click on it and read the whole thing. It should help you feel better, seriously.
And if that doesn't make you smile, go over to HuffingtonPost and click on Obama's new ad, showing McCain in the Bahamas, and talkin' 'bout how he was there on a working vacation to help protect off-shore tax hideaways for corporations, who then donated to his campaign.
You'll feel sooo much better.
September 23, 2008 9:52 AM | Reply | Permalink