Punch Drunk on Tax Funded Bailouts

While the Right Wing is off having tea parties and screaming class war, there appears to be some legitimate soul searching going on  in left Blogistan about our “punch drunk” POTUS and his continual campaign like appearances.  A lot of the discussion is focused on his dogged support of Turbo Tax Timmy and his bailout of the Suckers who created this bad economy for the rest of us.  We’ve been overwhelmed with “heckuva-job-Timmy moments and distasteful ‘gallows humor’.  When is enough enough?

Meanwhile, those of us that can’t avoid our jobs by taking a permanent vacation in TVLand are watching the economy unwind in spasms of agony and ecstasy. The market, starved for specific plans and information, provided a big thumbs up on a bail out program that at best reheats Dubya’s.  If any one was punch drunk, it was the equity markets today.  The leaders were the  financials, of course, who will continue to provide profits to the market while writing their costs off to the taxpayer.  If you were looking for the fresh cold breath of reality, it wasn’t on Wall Street or on Pennsylvania Avenue.

Lucidity, however,  is on the rise in other places.   I’m finding it in interesting places like the second episode of South Park where the lampoon on the Dark Knight included this little back ground gem;  a satire of the famous Obama picutre with a deer-in-the-headlights appearing  Obama and the change mantra tagged by a bright red WHEN?

My answer to the when question is probably never.

Most left wing angst appears to be directed at Tim Geithner since the Light Bringer is still too new to the job to blame.  We continue to learn how involved both he and his staff at the NY Fed were in the AIG Bonuses.  In fact, the Obama administration is trying to scuttle the Excise tax on the bonuses while verbally denouncing executive greed on TV. We’ve also found out that Citibank has managed to insert similar language to protect its executive bonuses. Let’s see how much change we get on that one too.

Not only are right wing shrills like Fox’s Sean Hannity calling for the head of Timmy Geithner but Progressive Diva Arianna Huffington front paged the call on HuffPo today. When Hannity and Huffington carry the same headline, it’s time for more than a few campaign appearances on Leno and 60 minutes.  I’m not sure where all this shock and angst is coming from because it’s been rather obvious to some of us for some time that Obama represented rather narrow interests (not ours).  How can every Obama supporter be calling the AIG Bailout a travesty while knowing that the architects and enablers of AIG are continuing the task with the Light Bringer’s blessings and attaboys?  Well, Obama just mustn’t realize that it’s all Timmy’s fault and we need his head on a limited edition Obama inaugural platter.  But, wait, isn’t Obama the one with that great judgement ?  C’mon folks reconcile all this in your mental ledger. It really isn’t that hard.

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