Apocalypse

September 29th, 2008 by Bill Colley

Next I suppose the Reichstag burns.  Monday morning I telephoned a friend I can best describe as an old style Robert Taft Republican.  My friend is a World War Two era American, a retired businessman and long politically active.  He isn’t politically correct.  He’s fuming about the proposed rescue of Wall Street.  “I’ll be the last Jap fighting from the cave”, were Billy’s words.  I hear him.  He represents a sense of fair play, which no longer exists in this country.  Conservatives who believe in free markets don’t believe in robber baron capitalism. 

 

What happened in this country the last two weeks is that a revolution occurred and not a shot was fired.  A President elected with the support of friends like Billy began a headlong rush into socialism.  It’s what it’s called when industries are nationalized.  You must remember only select industries will be saved.  Some will be allowed to wither.  There is a historical precedent.  It was called National Socialism.  It was better known in shorthand as Nazi.  It favored Krupp, Farber and Mengele.  Businesses not on the party bandwagon were sent to the ash heap.  Owners and workers in some cases literally became ashes. 

 

There isn’t any longer representative government.  Posting the corporate welfare bill hours prior to a vote leaves us out of the debate.  Billy told me this morning there are provisions for government assumption of health and pension responsibility for American automobile workers.  Your Social Security benefits may not survive the next decade but you’ll fulfill the broken promises of big industry.

 

How bad can things get without a government rescue?  Are you telling me there isn’t a floor for all the bad paper?  Someone will come in at some point and pick up the pieces.  Economic cycle pretty much explains what’s taking place.  Season’s change, some days it rains and sometimes you bite the bullet. 

 

I watched a lot of college football over the weekend in search of an escape.  I didn’t catch much professional ball Sunday.    Sunday I was at the Sussex County Republican picnic.  Let me tell you, the food and company was great but there was a lot of talk about the economy.  Sunday morning I’d talked with an old friend from childhood and she told me back home the conversation is one people can’t avoid.  It’s the same everywhere.  My Sunday evening closed at a crab festival and there was much the same.  When I finished bashing steamed animals with wooden hammers I walked to the street.  The rain had stopped after a four-day drenching.  It was uncomfortably steamy outside.  September, until last week, had been unusually cool and dry.  Tuesday morning I walked the beach and it was windy and rain unexpectedly popped up and drenched me. 

 

Then Sunday night the street was filled with late season tourists walking the still wet sidewalks.  The street lamps were reflecting off the pavement.  And there was mainly silence from the passersby.

4 Responses to “Apocalypse”

  1. Fabio Says:

    Another reason why Mike Castle is a disgrace to the Republican party. Let this bailout burn and the fire will slowly put itself out. If not it will continue to smolder and end up burning a forest down over time. I loved this day and marked it with a big smile. Hopefully, every legislation will be denied and the top dogs in Wall Street and the corrupt politicians will burn with them. However, we all know they will keep trying and trying just like the developers in Sussex County get denied, they just keep trying and trying. After awhile they get through. It’s the never ending cycle of our country.

  2. chickbradford Says:

    “When fascism comes to America it will be wrapped in the flag and carrying a cross” Sinclair Lewis

  3. wilmarso Says:

    I agree Bill.

    How exactly does the American proletariat directly benefit from a “bailout”?

    FedUpUsa.org suggests three principled objectives for a bailout. I’d be interested in hearing your thoughts.

  4. Perry Says:

    I disagree!

    What you call socialism, I call rescue.

    The unregulated, greedy free market produced this credit freeze/liquidity crisis, as well as many citizens who permitted themselves to get into debt over their heads, some enticed by fraudulent behavior.

    Because of this, the value of my retirement investments have decreased. Fortunately I took steps to stem some of the hemorrhaging last January. Still, I resent that out of control Wall Street greed negatively impacts the economy and my investments. And I feel compassion for those who have lost their jobs and whose salaries have not kept up to increasing prices.

    So what should the response of Congress be?

    You, Bill, seem to be willing to further gamble my investments by calling for nothing to be done, except for you and Christian Hudson to criticize the current proposal by calling it “socialism”. That’s lunacy!

    I’ve yet to see a better idea than the rescue currently being negotiated in Congress. The rescue is not a “bailout”, rather it is a temporary line of credit, collateralized by equity, to be returned to the borrower when the equity value increases and the loan can be repaid.

    Please tell me how, by any stretch of the imagination, you and Christian can call this “socialism”? I suggest that both of you are ignorant about what is happening here, listening only to the extremists who continue to believe that the unfettered free market is the only way, that it will correct itself. Recent history during the last 8 years demonstrates that your ideology is not practically correct.

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