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Truth: First Casualty of War

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September 19, 2008 – Comments (3)

I imagine it will be among the first victims of the current "market rescue" too.

You will now be treated to several days of rampant, unproven speculation about the armageddon that surely would have been visited upon us all if the massive bailout plan (still completely unformed) had not been announced and agreed upon, even before anyone knows what it is.

Here's the first retroactive speculative alarmist screed from the WSJ.

Remember America, it's all for your own good. And brought to you by the same group of conflicted, self-interested politicians and bankers who inflated the credit bubble in the first place, while claiming that its momentary delights were actually the result of sound economic planning, deregulation, and tax cuts.

Sj

3 Comments – Post Your Own

#1) On September 19, 2008 at 9:23 PM, dinodelaurentis (69.10) wrote:

TMFBent

be careful with that truth, somebody will get their feelings hurt...

and then it's gonna be a whole buncha weeping and wailing and it'll be the same foolish (lower case f, Not a compliment) bloggers here in CAPS that will do it the longest. :D

full disclosure: real life invested in commodities, defense, and sin stocks including prisons. just trying to think ahead.

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#2) On September 19, 2008 at 10:21 PM, devoish (99.07) wrote:

Remind me of the dreaded WMD's in Iraq playbook.

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#3) On September 20, 2008 at 1:26 AM, FleaBagger (29.37) wrote:

I'm actually for deregulation and tax cuts. What we have here is economic planning, the very opposite of deregulation, and Republicans are trying to sell it to their base as "deregulation." Then the Democrats energize their base by blaming "deregulation" after the doo-doo hits the fan. All the while, they get more and more control over our lives, and government gets bigger and bigger. And devoish and his clan will keep voting us further and further into socialism.

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