The Washington Post published a story yesterday entitled “How the Fed Failed to Tell Obama About the Bonuses,” referring to, of course, the scandal du moment in D.C. The story is interesting, but it’s not news to us; we’ve known for a long time coming that Bernanke and the institutionalized theft he represents have been stealing the value from our currency for decades. And what’s $170 billion in AIG bailouts, after all, compared to the cool trillion the Fed just snuck from under our noses?
No folks, the real news is in the comments section of that story. So flabbergasted was the Post at the volume and severity of the comments, that the comments themselves made news. From The Post:
The anger our Readers Who Comment have expressed about financial bailouts in general and bonuses for AIG executives in particular exceeds anything I have seen in 22 months of reviewing comments. They’re really steamed today about David Cho’s and Michael D. Shear’s report that Federal Reserve officials knew for months about the bonuses but failed to tell the Obama administration.
Many readers don’t believe that, period. There are several calls for the resignation of Treasury Secretary Timothy F. Geithner and some suggest Fed Chairman Ben S. Bernanke should go. Comment writers who have been largely silent since the presidential election have reappeared to assert that this is proof that President Obama is too inexperienced for the job at best and dissembling at worst when he says he didn’t know about the bonuses.
The Post has conveniently picked out a neat little cross-section of the range of comments, which feature content from all over the political spectrum, but a quick scroll through of the actual comments list (with your waist-high waders on, as the bullshit runs a bit deep), reveals the true level of deep-seated frustration Americans have with their government, as well as their ignorance as to what exactly the Fed does with all that money, where it comes from, and where it goes. Trust me on this, the American people have sniffed out a rat here…no, make that a superrat. A superrat in rat’s clothing, to borrow a line from one of my favorite movies.
More people than ever are questioning the motives and purpose behind the Federal Reserve, and what the people choose to do with this superrat now depends on the answers they are told. Will they listen to simpering Keynesians like Krugman? Or will the American people finally say they’ve had enough of an inherently poisonous system and return to a tried-and-true method of economics?Published in