Revealed: How the Democrats Are Going to Justify Bailing Out GMCF
GmChyrsFord flew in separate corporate jets and wore $1000 suits (at least) to sit in Congress today, begging for money.
This is, of course, the standard Democratic Kabuki we have all come to know - a stylized dance with set moves that never change and a predetermined outcome not connected at all to anything that has happened before it.
In this case, the Democrat Conservative Alliance that runs the party by controlling the Congressional leadership in both houses and shutting down anything Reid, Pelosi & Co don't think their corporate sponsors will care for. But they can't just, you know, give the store away until they do the Kabuki, which has five well-documented and endlessly repeated phases similar to an Elizabethan play.
voters citizens with the expense of saving companies who have shown themselves to be monumentally greedy and just plain boneheadedly stoopid for a solid 50 years.
We are presently lounging around in Act 3 and simultaneously preparing the ground for Act 4. While a compliant media print horror stories about what will happen if the auto companies fold, the Alliance makes discontented, populist-like grunting noises and demands "a plan".
Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable. "Until they show us the plan, we cannot show them the money," Speaker Nancy Pelosi, D-Calif., said at a hastily called news conference in the Capitol.
She and Senate Majority Leader Harry Reid, D-Nev., said Congress would return to work in early December to vote on legislation if General Motors Corp., Ford Motor Co. and Chrysler LLC produce an acceptable plan.
The decision averted a likely defeat of legislation providing $25 billion loans for the industry.
No, it didn't. The bail-out was never going to be defeated. That's just part of the Kabuki. They pretend they aren't going to do it, then The GMCF Corporate Theater presents "The Crisis That Demands Action", Wall Street dutifully follows the script by falling through the floor on the news that the oh-so-important bail-out might not happen, and the Alliance toddles offstage to thunderous applause on a stern warning that GMCF better cross-their-heart-hope-to-die swear that they'll behave and they won't do like the banks and spend the money in bonuses and vacations for execs exhausted from begging, stealing, and cheating the US consumer.
In Act Four, GMCF presents a plan so convoluted no one can understand what it means except that it seems to guarantee the minimum the Kabuki demands. The Alliance then hems, haws, thunders, and berates GMCF before presenting Bush with a bill that gives them everything they asked for while not really asking for anything in return that has to be paid back or even verified.
In Act Five, the $$$ is handed out without restrictions or constraints or expected paybacks of any kind and then the orchestra strikes up the signature tune, "Joy Reigns in the Land as Another Disaster Is Averted by Our Plucky Democratic Congress".
Offstage, after the show is over and the audience has moved onto other things, the cast and crew (the Alliance, GMCF jet-setter CEO's, and Wall Street) take the money from the ticket sales and send themselves to Rio de Janeiro to lie on the beach.
It's very satisfying entertainment and no real harm is done, right? But don't let's do what soap opera addicts do and confuse it with real life. It's just a show, you know?
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