[Homestead] A negative view of the bailout

Gene GeRue genegerue at ruralize.com
Wed Nov 12 18:18:30 EST 2008


I have not read this guy Farrell before. The owner of the company  
Chris works for sent this article to everyone in the company and she  
sent it to me. Where it fits on the truth scale is up to each of us to  
decide.


PAUL B. FARRELL
Warning: King Henry's bailout like Rummy's Iraq
Reaganomics hidden in 'sleeper cell' armed with lethal 'financial WMDs'

By Paul B. Farrell, MarketWatch
Last update: 6:47 p.m. EST Nov. 10, 2008Comments: 459
ARROYO GRANDE, Calif. (MarketWatch) -- So you thought Barack Obama's  
victory signaled the death of Reaganomics? Wrong, wrong: Reaganomics  
is very much alive.
In a subtle, bloodless coup, the Reaganomics ideology magically pulled  
victory out of the jaws of defeat in the meltdown. The magic happened  
fast and quietly, in the shadows, while you were in a trance,  
distracted by the election drama.
Recently Naomi Klein, author of "The Shock Doctrine: The Rise of  
Disaster Capitalism," framed the issue perfectly: "Has the Treasury  
partially nationalized the private banks, as we have been told? Or is  
it the other way around?" The question was rhetorical, the answer  
painfully clear. In a few weeks Wall Street did the old bait and  
switch, emerging from an economic and market disaster with new powers,  
in total control of America.
And thanks to Treasury Secretary Henry Paulson's brilliant bailout  
coup, Reaganomics is now the new "sleeper cell" quietly hidden inside  
the Obama White House and America's Treasury, where it will be for a  
long time to come, armed with what Warren Buffett calls financial  
weapons of mass destruction, guaranteed to sabotage the new president,  
taxpayers and the future of America.
Listen closely folks: You and your government are and will continue  
being conned out of trillions. Better that we should have taken care  
of ourselves first and cleaned house, not bailed out Wall Street  
financiers -- let them pay for their sins and feel the pain.
Unfortunately, while you were distracted by the election, Wall Street  
gained control of our Treasury using a Trojan Horse, Hank Paulson, who  
filled Treasury with Goldman Sachs alums and pulled off one of the  
greatest inside heists in the history of the world.
While you were distracted, Wall Street privatized the U.S. Treasury,  
got the keys to Fort Knox and will be stealing trillions for years to  
come, through a secret "sleeper cell," a "virus" installed in the $700  
billion Wall Street bailout. They're laughing: All you got was a  
heavily discounted paper IOU for you, your kids and generations to pay  
off. The winners: Paulson, Goldman, Wall Street banks and Reaganomics.  
The losers: America.
The rest of the article is at:
http://www.marketwatch.com/news/story/reagonomics-hides-sleeper-cells-harboring/story.aspx?guid=%7BA1408383%2D3517%2D40A0%2D8363%2DDBD03829CEA1%7D&dist=msr_2


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