The war comes home

This “mother of all bailouts” will likely cost us citizens (and our great grandchildren) not the advertised $700 billion, but about $2-trillion, with a T, counting interest ---lots of interest. Don’t fret. The price tag for us buying all these bad debts from the banks is roughly about the same amount as the war is costing us. Think of it as our double penalty payment for electing the neocons TWICE. Wanna try for 3?

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Danny Schecter the “News Dissector” , author of Plunder: investigating Our Economic Calamity and the Subprime Scandal, speculates about the purpose of the militarized police presence in St. Paul and the tough tactics used against protesters and journalists outside the Republican Convention, in what was proclaimed a so-called National Security Incident.

Now in the face of financial collapse and possible urban unrest, Schecter thinks that the 3rd Infantry’s 1st Brigade Combat Team is being pulled back from Iraq to train for a new mission—“helping people at home.”

The AIG school of school management

In case you’re interested, here’s the new class of executive trainees from the AIG Eli BroadCenter for the Management of School Systems. I’m sure they’ll do a great job running the public school system. Why wouldn’t they?

Some Broad fans got their undies all in a twist over the Chronicle of Philanthropy quoting from my blog re. Eli and AIG (comments section). They attack me as an “obscure radical blogger.” Right on all three accounts. But they could have at least got my name right—Michael, not William. Am I that obscure? Speaking of radicals, check out this AP headline.