Friday, October 3, 2008

The Bubble Boys

The Greenspan bubble benefited the banks, the real estate moguls, and, most of all, the war profiteers

By Justin Raimondo

"......Just remember, all you left-wing foes of U.S. intervention, that it isn't just the banks that are getting bailed out. As you get behind Obama, and rationalize his backing of welfare for the well-connected, remember that the War Party, too, is getting bailed out.

The limitations imposed by finally facing the reality of bankruptcy, and doing something about it, would be fatal to the imperial project. Once we realize we're flat broke and act to turn things around, our government won't be sending tax dollars to, say, the former Soviet republic of Georgia, recent site of pilgrimages by Joe Biden and Cindy McCain. (Can Sarah Palin be far behind?)

Like lightning at midnight, what the economic crisis throws into stark relief is the corruption at the heart of our system. The Empire is like a towering tree hollow at its center, its core eaten out by termites and dry rot. It will surely make quite a crash when it falls, or is pushed over."

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