Congress and the financial breakdown.

I haven't blogged about it much, because I've been reading, absorbing information, thinking it over, and wondering just what can be done to limit the damage that Congress has caused.

For those wondering, yes, I am blaming Congress. Not Wall Street. Congress. Idiots and lawyers who don't have a clue about economics, yet have put so many regulations in place on what was once a free market that this breakdown was going to happen sooner or later. Anyone remember Jamie Gorelick? The woman behind "The Wall", that prevented the CIA and FBI from talking to each other, resulting in a giant smoking hole in NYC? Yeah, THAT oxygen thief.

Did you know she also was in control of Fannie Mae/Freddie Mac at one point? So that is TWO massive failures that she had her hands on. And yet she's still around, and she was a huge player in the Clinton administration. She's an absolute failure. At best she's incompetent. But she has political connections. Franklin Raines made millions of dollars when he was in charge of Mac/Mae, and now he's a top adviser to the Obama campaign. Congress has been fucking with this for two damn decades, and yet now their supposed to fix it?

Yeah, right. Congress is the problem, not the solution.

So I guess my knee-jerk response to this bailout plan is to say "NO!" and hit a congresscritter on the nose with a rolled-up newspaper. And that's based on the fact that the people who are the problem cannot be counted on to create a solution without screwing things up worse. Or inserting clauses for them to get rich off of our tax dollars.

Tighten up your seatbelts, folks. It's gonna get ugly no matter what happens.

UPDATE: Case in point -

The real purpose of section D is to send more funds to La Raza and ACORN through housing welfare, via the slush fund of the HTF. They want to float their political efforts on behalf of Democrats with public money, which was always the purpose behind the HTF. They did the same thing in April in the first bailout bill, setting aside $100 million in “counseling” that went in large part to ACORN and La Raza, and at least in the former case, providing taxpayer funding for a group facing criminal charges in more than a dozen states for fraud.

Fuck it. Kill the entire buyout fiasco. Let the markets solve the problem. Congress is too corrupt to fix anything, and any taxpayer money used by Congress is effectively wasted. No bill, no deal, nada. I don't trust the asscannons on Capitol Hill to do anything more than fund their re-election campaigns and line their own pockets.