So. He Was Lying To Us All Along.

From the Boston Globe:

With the proceedings carried live on nationwide television, members of the committee repeatedly asked why the White House waited so long before revealing the scope of the problem. [Secretary] Paulson said he warned Bush in a meeting around the time he became Treasury secretary in July 2006.

"When I got down here, after about several months on the job, I was shocked, absolutely shocked, to find it wasn't deregulation or too much regulation or too little regulation, it was a just flawed regulatory structure," said Paulson, the former head of Goldman Sachs, one of Wall Street's most powerful investment firms. "It was built for a different model, for a different financial system. The financial system changed. The regulatory system didn't change. And so that clearly has to be corrected."

So all of those pronouncements over the last two years, including as late as a week or so ago, about how the "economy is strong" and "it's just a little adjustment" were lies? Lies told in the hope that everything would settle out on its own accord?

I am sorry, but no. We have seen too many times in the past that the Bush Administration rushes to Congress to demand extraordinary powers in order to deal with some "crisis." They stampeded things such as the first law on military commissions, the Iraq War resolution, the creation of the Department of Reich Homeland Security, FISA, all in the name of "Oh My Fucking God, we have to do something immediately."



I do not trust the Administration on any of this, not the terms of the bailout, not the need for one, and certainly not the need to give such extraordinary powers to the Secretary of the Treasury.

And neither should Congress trust them. They are all fools if they do.

On another note, what is left for Bush to fuck up? He's done what he can to despoil the environment, he's wrecked our military, he's trashed our international standing and now, in the last year of his second term, he has destroyed our economy.

Heckuvajob, Bushie

He's supposedly addressing the nation tonight. I will not watch, for I can think of nothing that gives me less confidence in a bad situation than hearing Bush talk about it.