Wednesday, October 01, 2008

To the pulmonolgist yesterday. She put Pat on an antibiotic and steroid to combat the infection and inflammation in his lungs. Also prescribed a chest x-ray--to what purpose, I'm not sure. The appointment and getting the prescriptions filled, took up most of the day. Luckily, I don't have anything else scheduled until Friday, when Mary Ann Van O. and I have a lunch date.
Political Notes: Here are the outrages of the day. Almost forgotten now, in light of the "bailout" thing, this was published on a web site on September 7 of this year:
"Taxpayers are now on the hook for tens of billions of dollars of capital necessary to save Fannie Mae (FNM) and Freddie Mac (FRE). The CEOs of both companies--the ones who ran them into the ground--have thankfully been shown the door. But they're taking a nice pot of money with them.
Specifically, Dan Mudd, the CEO of Fannie Mae, is getting $9.3 million of severance for destroying his company. Richard Syron, the CEO of Freddie Mac, is getting $14.1 million--in part because of a clause he added to his employment contract two months ago, when it was clear the company was headed for disaster."
And this from the Lew Rockwell site:
"The Paulson Plan is a heist. It is a grand scheme in which the public will end up owing hundreds of billions of dollars to holders of new debt claims issued by the US Treasury. The plan won't "prop up" asset values and it won't provide any real stimulus to the economy.
Despite the dire warnings — coming from the same folks who brought you the Iraq invasion to remove WMD — there is no threat of a financial meltdown. If Goldman Sachs failed, the sun would still rise the next morning..." And so on.
There's a lot more in this vein, but you get the drift. Now our stalwart leaders are trying to "tweak" the crime to make it more palatable. Think the electorate has a prayer? Ha!

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