CelticBear’s Musings

First, we have McCain wanting to suspend his debate and take the V.P. debate off the schedule in order to “work on this economic crisis.”

Huh. This is from the guy who has said on more than one occasion that he doesn’t know anything about economics. Plus, he’s not on any of the Senate committees investigating the issue. So, what exactly will he be working on? Sitting at his desk, all alone, playing with a calculator? (For the 5th time that day he turns it up and down and gives his creepy chuckle and nudges his aid who rolls his eyes, “Heh heh, look, it spells ’80081E5′!”)

On a more serious note, here’s some significant info no one is talking about:

First, banks have already failed, gone under, closed doors, got bought out–like Lehman Brothers and AIG. Treasury Secretary Henry Paulson does nothing.

Then Goldman Sachs is about to go under, and suddenly Paulson wants nearly a trillion taxpayer dollars (which doesn’t exist, by the way–it would have to be created out of imaginary numbers on paper and eventually owed to probably China) to bail out the banks.

Here’s the interesting part: Henry Paulson worked for Goldman Sachs for decades, was even their CEO up until he became Treasury Secretary! In 2006 his stock ownership in Goldman Sachs was estimated at half a billion dollars. Convenient that when their debt gets wiped off their books and transferred to the tax payers, their stock will rise again. Hmmm.

Anyone see a problem with this? Or is it just me?