{"id":492,"date":"2008-09-20T08:40:19","date_gmt":"2008-09-20T13:40:19","guid":{"rendered":"http:\/\/jimbovard.com\/blog\/?p=492"},"modified":"2008-09-20T13:17:32","modified_gmt":"2008-09-20T18:17:32","slug":"ron-paul-supporters-vindicated","status":"publish","type":"post","link":"https:\/\/jimbovard.com\/blog\/2008\/09\/20\/ron-paul-supporters-vindicated\/","title":{"rendered":"Ron Paul Supporters Vindicated?"},"content":{"rendered":"

\"\"<\/p>\n

[full size photo at my Flickr site here<\/strong><\/a>\u00a0]<\/p>\n

And to think that many people thought that the Ron Paul<\/a> supporters were too cynical about the Fed….<\/p>\n

This monster bank\/stock market bailout\u00a0shaping up in Washington will probably\u00a0be one of the greatest cons of the new century.\u00a0\u00a0\u00a0 This is simply letting politicians give themselves a blank check –\u00a0\u00a0or a withdraw line up to a trillion dollars – to reward their friends and donors.<\/p>\n

And of course, it has to be done in secret – or else the magic won’t work.<\/p>\n

And the crowning bonus – after all the perverse incentives politicians have created in recent decades – they will manage to foist the blame for the stock market dive on “the free market.”\u00a0<\/p>\n

Thus, they will entitle themselves to seize more power at the same time\u00a0they squander hundreds of billions of dollars of other people’s money to bury the evidence of their previous follies.\u00a0<\/p>\n

Many of the brokerage and investment firms richly deserve bankruptcy for their shenanigans and irresponsibility. If taxpayers are forced to bail out the “Masters of the Universe,” that will be one of the biggest financial crimes in modern history.\u00a0\u00a0 But the fact that many companies made foolish decisions does not entitle politicians to seize\u00a0 more control over the economy.<\/p>\n

As Lily Tomlin said, “No matter how cynical you get, it is impossible to keep up.”<\/p>\n","protected":false},"excerpt":{"rendered":"

[full size photo at my Flickr site here\u00a0] And to think that many people thought that the Ron Paul supporters were too cynical about the Fed…. This monster bank\/stock market bailout\u00a0shaping up in Washington will probably\u00a0be one of the greatest cons of the new century.\u00a0\u00a0\u00a0 This is simply letting politicians give themselves a blank check […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[659,22,6,658,17,657,31],"class_list":{"0":"post-492","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"tag-attention-deficit-democracy","8":"tag-bovard","9":"tag-congress","10":"tag-elective-dictatorship","11":"tag-rule-of-law","12":"tag-wool"},"yoast_head":"\nRon Paul Supporters Vindicated? - James Bovard<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jimbovard.com\/blog\/2008\/09\/20\/ron-paul-supporters-vindicated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ron Paul Supporters Vindicated? - James Bovard\" \/>\n<meta property=\"og:description\" content=\"[full size photo at my Flickr site here\u00a0] And to think that many people thought that the Ron Paul supporters were too cynical about the Fed…. 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