World

HAH! We haven't had a Moment of Truth from the Bush administration in eight years. Everything is played to make the Repugs look better and to hide their self-enrichment schemes from US citizens. The Bush administration consists of party first political appointees who, in my observations, are at best incompetent at their jobs, at worst, liars, thieves, and when caught felons.

Henry Paulson's inept response to the financial crisis is another Katrina moment for the Bush administration. The US financial system is in deflation and the tax payers have bail out the bad players. It appears that this US real estate bubble will now depress the worlds financial markets. Heck of a job Brownie! Bush, Paulson, The Fed, were asleep at the wheel or worse, indifferent to the facts staring them in the face. Same response as Katrina only worse.

In fact this crisis did not have to happen at all if the people in the Banking and Finance markets conducted their transaction in a truthful, transparent, and open manner. So there you have deregulation and the ability of markets to manage themselves. Not a moment of truth to be seen anywhere.

Personally, I'm pissed off and I want the liars and thieves to be expelled and punished.

NY Times columnist Paul Krugman named his column Moment of Truth which set me off writing the above paragraphs. PK's column is a good perspective. Click the title to read it.