The Impact of a $700B Bailout (Or Rejection) To John Q Citizen

I do not think the initial rejection of the initial $700B Bailout Plan will have an overbearing impact on the Obama (or McCain) presidential campaigns. The final bill (whenever we get a financial recovery package that they can approve) will have a HUGE impact on either an Obama or McCain *administration* (not campaign), with a particularly significant/adverse impact on an Obama/Biden *administration*. Why? The push towards universal healthcare? Forget it. The redistribution of funding to underwrite this cannot --- in addition --- support the increased costs (wealth re-distribution) needed for universal healthcare (and other progressive socio-economic programs designed with the average, ordinary citizen-voter as the direct beneficiary). That is how the Bush Administration's laissez-fair oversight (and policies of de-regulations endorsed by REPUB political philosophy and Candidate McCain) has cut off the legs of the American infrastructure base. When you add the fact that *fraudulent-and-criminal* actions (without accountability, oversight, or punishment), as it relates to war profiteering and the War on Terror (see Blackwater and Bechtel as examples of contractor criminal abuse in the billions of dollars), and the *anti-conservative* fact that Bush has created and advanced a bloated, top heavy, costly government (conservatives traditionally call for "small government" in terms of infrastructure and costs to the taxbase), America is in a position of long-term economic crisis that *makes us less safe* and *more vulnerable* to terrorist attack or attack from rogue/hostile nation-states that we have been posturing against (Iran, North Korea, Russia; We cannot fund/allocate taxpayer-base appropriations to support military actions against a nation or group that actually *does* have weapons of mass destruction. This is a result of the federal government (primarily REPUB)'s disregard for the power-less, voice-less, etc.

Feel free to call me prophetic when Bush claims an "economic emergency," suspends the presidential election, and stays in office *past* January 2009 through the enactment of "The National Security & Homeland Security Presidential Directive 51"...

(Click: http://www.whitehouse.gov/news/releases/2007/05/20070509-12.html).

This isn't George Lucas' Star Wars, but life does imitate art when both the citizenry and the media don't challenge the status quo of the power establishment.


"One should try to locate power at the extreme of its exercise, where it is always less legal in character." -Michel Foucault

Progressively,
LeftAngst