Bailout Boondoggle

The bailout will be yet another crime foisted on the American taxpayer.  All the reward from the “up” has been consumed – burned away like the vapor it was – and now the risk, the cost of the “down” will be borne by us.  Privatized reward; socialized risk.  Tonight, House minority leader John Boehner called it a “crap sandwich”  — that he plans to vote for anyway.   It’s a really bad idea for many reasons – not the least of which is: it’s not going to work.

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Andrew Bacevich on the American Empire

Every American should sit through (and actually digest) this interview in its entirety [Part 1] | [Part 2].  Whether you watch or listen, please take the time to do so with open ears and an open mind.  It is probably the most powerful and sobering assessment of the American condition I have heard in years.

Bacevich’s 2007 op ed in the Washington Post provides some sad but interesting background.  His new book is here.