Monday, September 22, 2008
Echoes of Cheney's Energy Policy?Just reading this story about how forcefully the lobbyists for major banks and investment houses are pressing Secretary Paulson to extend their benefits from the new bailout program. All this behind-the-scenes effort to shape the legislation by industry leaders reminds me of Dick Cheney's secret pow-wows with industry executives and lobbyists on the Bush energy policy.
Check this out:
Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.The pigs, lipsticked or not, are lining up at the trough, as Republicans easily cast aside their free-market pretenses. The same people who said we could not afford universal health care and Social Security are now stealing from the taxpayers to give to Wall Street.
This is the Bush legacy - the economic stagnation, the mountain of debt, the failure of regulation, the corrupting influence of corporate money, the rewards for the wealthy, and the foreclosures and bankruptcies and falling incomes of the middle class.
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No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."
-- Cecil Day-Lewis from Where Are The War Poets?
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