'Osrics' on a Tragic Stage: Presidential Candidates Parrot Paulson

September 7, 2008 (LPAC)--The parrot-like endorsements of Treasury Secretary Paulson's announced bank bailout through Fannie Mae and Freddie Mac, by Barack Obama and John McCain, shows the sick power of "consensus" which threatens to engulf America in a national tragedy.

"It has to be done," McCain said this morning even before Paulson made his announcement, and he added, "I have the greatest respect for Henry Paulson."

Even more absurdly, Obama, speaking in Terre Haute, Indiana, called the move a big bailout of investors by the Bush Administration at taxpayers expense--then added, "It's got to be done." Obama said he had spoken to Paulson for 45 minutes on Saturday about what Treasury was about to do.

Both candidates immediately agreeing that Paulson's new, potentially multi-hundred-billion-dollar, hyperinflationary bailout "must be done," marks their complete lack of policy ideas or judgment on economic recovery, the number one issue in the election. Toleration up to now of such clueless candidates' subservience to Wall Street, and to the actions of the Federal Reserve, is a larger social tragedy.

But, it also marks more clearly how these inconsequential candidates may still be swept out, as that "consensus" is being overturned among Americans panicked by the storms of the financial crash and economic collapse.