Everybody’s Doo-oo-in’ The Wrap-a-round…Now!
Have you heard about The Wraparound, the hottest dance for your politically-cognizant fancy-pants?
Guess what? You just did!
Here’s the deal: The corporate capture of Washington, D.C. has gotten so bad that left-wingers like online organizer Jane Hamsher and progressive economist Dean Baker are now finding common cause with the likes of Randian moron Grover Norquist and Phyllis “I hate gays” Schlafly. I am seriously not making this up!
Earlier this week, Jane Hamsher and Grover Norquist sent a letter to the Attorney General, President Barack Obama’s buddy Eric Holder, demanding the resignation(!) of Obama’s chief of staff Rahm Emanuel. Why? Because of his outside-of-the-criminal-code-of-most-western-nations-incomprehensible activities as a member of the board of Freddie Mac earlier in this still-extant decade I like to call “the holes.”
This is real, people. Even Hamsher-disliking blogs acknowledge a “kernel of truth” in the Hamsher-Norquist allegations of self-dealing and, indeed, money-laundering at Freddie Mac and Fannie Mae, the government-sponsored entities that now apparently have an unlimited line of credit thanks to you and me.
The nut of the Hamsher-Norquist complaint is that this apparently infinite Fannie/Freddie claim on the U.S. taxpayer is a “backdoor TARP” that will be used to pass along funds to the giant banks, e.g., Bank of America, Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley, that created the current financial crisis but still have bad mortgages on their books and that would face extraordinary political resistance to further bailouts.
The increasingly sleazy Obama administration’s Christmas Eve news dump is a pretty good indication that this is, in fact, the goal here.
Your tax dollars at work!