The Crisis Has Hardly Begun

Paul Craig Roberts

The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders conceded that they would face potentially insurmountable Republican opposition,” reported the New York Times last Friday.

Wow! The entire country is steamed up over the Republicans bailing out a bunch of financial crooks who have paid themselves fortunes in bonuses for destroying America’s pensions.

Why do Democrats want to protect Republicans from further ignominy by not giving them the opportunity to vote down a bailout for workers? Quick, someone enroll the Democratic Party in Politics 101.

GM’s divisions in Canada and Germany are asking those governments for help. It will be something if Canada and Germany come through for the American automaker and the American government doesn’t.

Conservative talking heads are saying GM is a “failed business model” unworthy of a $25 billion bailout. These are the same talking heads who favored pouring $700 billion into a failed financial model.

Read more.

December 11th, 2008 | Posted in Print Edition | Read More »

[Not-So Funny] The Word: “Opposition Party”

The Liberty Voice Transcript Service

This segment of Steven Colbert’s “The Word” on the Colbert Report (Comedy Channel) aired on September 26, 2006. Bracketed comments denote text which appeared on-screen as part of Colbert’s monologue.

Now listen folks. We all know about the big dust-up between President Bush and Senate leadership over his wanting to change the language of the Geneva Conventions, right? Well, on Thursday, they reached a compromise. And that’s not just a victory for Bush—it’s a victory for the country. Because basic human rights is something we all need to compromise on.

You see, his opponents are a group of rebels within the Republican party, John McCain, Lindsay Graham and John Warner who stood up and said “NO!” to the President’s plan. Meanwhile, the Democrats also stood up and said, “We’re just gonna wait over here. You tell us when you’re done.”

Which brings us to tonight’s word, “Opposition Party.”

November 25th, 2008 | Posted in Print Edition | Read More »