Top Leaderboard, Site wide
July 28, 2014
Truthdig: Drilling Beneath the Headlines
Help us grow by sharing
and liking Truthdig:
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Newsletter

sign up to get updates


Boom-or-Doom Riddle for Nuclear Industry
Truthdigger of the Week: Yuval Diskin




The Sixth Extinction
War of the Whales


Truthdig Bazaar
Detroit: A Biography

Detroit: A Biography

By Scott Martelle
$16.95

more items

 
Ear to the Ground

Did Bush Put a Hit Out on Fannie, Freddy?

Email this item Email    Print this item Print    Share this item... Share

Posted on Jul 21, 2008

From madcap marketeer Jim Cramer to wired alt-blogger Scott Thill, there are more than a few braniacs who believe the Bush White House did not just watch the collapse of Fannie Mae and Freddy Mac but actually engineered it as yet another sortie in the long GOP war against the New Deal. Never fear, though, as The Onion has already written a satirical report on efforts to build a better bubble.


The Onion (satire):
WASHINGTON—A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.

“What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future,” said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm. “We are in a crisis, and that crisis demands an unviable short-term solution.”

Read more

More Below the Ad

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By joe, July 23, 2008 at 8:49 am Link to this comment
(Unregistered commenter)

its not thier fault that we are a stupid society,and we let them do to us what ever they want,wake up cause its almost too late.

Report this

By Alan, July 22, 2008 at 1:44 pm Link to this comment
(Unregistered commenter)

(Berlin)Obama names Grover Norquist to shadow cabinet.

Standing next to the Siegessaeule in central Berlin,
Barack Obama has named Grover Norquist as his
prospective Treasury secretary.  During an emotional
speech Obama declared that “to keep the audacity of
hope alive” he will reach out to “the other side”,
“the dark side”, and “any other side”.  Obama
ended his speech with a resounding:
“Ich bin ein Currywurstchen”.

Report this

By cyrena, July 21, 2008 at 10:37 pm Link to this comment

Purplewolf

The current print issue of Mother Jones says the same thing..but goes into the less than funny details.

Cover title..“This was no ACCIDENT: who wrecked the economy—- and why they work for John Mccain”

It’s got a picture of a guy standing on the ground looking up at a house (presumably one that he once lived in) floating up and drifting away…maybe into the horizon?

Anyway..the point…NO ACCIDENT. I call it the well-planned, (long ago) Great Heist.

It includes a time line of the Great Heist, and a piece entitled “Foreclosure Phil”. Several other explanatory pieces as well.

I’ll send it to you.

Report this

By purplewolf, July 21, 2008 at 9:28 pm Link to this comment

You forgot about the “Hot Air Bubble, the Pipe Dream Bubble and the ever popular B-llsh-t Bubble”, all brought to you from the same people who brought you Enron and others. Thank you Phil Gramm, Dick Bush, Cheney and Halliburton, and don’t forget John McCain and the Keating Five, just to start the list off.

Report this
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.