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Comment Dated Oct 4, 2008


SMOKE AND MIRRORS

While the concerns and attention of sane and decent, ordinary people are preoccupied with such issues as the prospect of being ruined if they get sick, or whether there will be a job to enable them to pay for the house that isn't worth what they were conned into borrowing for it, they are routinely being gouged for as much as the bailout is about, and more, to carry the costs of illegal and immoral wars that seventy percent of them have said they don't want, to advance alien interests that have no bearing on America's national security and serve only to destroy its standing in the eyes of the world. Chalmers Johnson puts it well at TomDispatch.com:

"There has been much moaning, air-sucking, and outrage about the $700 billion that the U.S. government is thinking of throwing away on rich New York bankers who have been ripping us off for the past few years and then letting greed drive their businesses into a variety of ditches. In fact, we dole out similar amounts of money every year in the form of payoffs to the armed services, the military-industrial complex, and powerful senators and representatives allied with the Pentagon.

"On Wednesday, September 24th, right in the middle of the fight over billions of taxpayer dollars slated to bail out Wall Street, the House of Representatives passed a $612 billion defense authorization bill for 2009 without a murmur of public protest or any meaningful press comment at all."

Full article at:
http://www.tomdispatch.com/post/174982/chalmers_johnson_the_pentagon_bailout_fraud

See also Eric Margolis at:
http://www.ericmargolis.com/political_commentaries/iraq-they-make-it-a-desert-and-call-it-peace.aspx
"Senator McCain’s insistent claims that the US is winning the war in Iraq thanks to his `surge’ strategy are the military-political equivalent of the junk securities that Wall Street’s shady financiers have been selling around the globe."