“When we hang the capitalists the Democrats they will sell give us the rope”

Original by Stalin, adapation by yours truly.

Consider the following pieces of information available about the current financial crisis -

- The mandates imposed upon Fannie Mae and Freddie Mac that created the sub-prime market, and fueled the ‘housing bubble’, were devised and pushed by the Democrats, and fully in place before the current administration took office.

- The Bush Administration recognized the situation as a problem pretty early on (2001), and repeatedly pushed to have the regulations changed to remove this distortion of the markets, without any success, due to the Democrats blocking the changes.

- John McCain recognized the problem, and pushed remedial legislation in 2005 (S190) to fix it, which again, was shot down primarily along party lines.

- None of the Republican issued warnings were heeded by the Democrats, nor greatly noticed by the media or the public.

- The ‘response’ from the Administration to the ‘crisis’ was remarkably swift, detailed and complete for such a ‘quick turn’, and entailed proposing one of the most socialistic remedies since Nixon’s wage and price freezes - almost 180 out from the usual ‘let the market forces self-correct’ approach one familiar with ‘the narrative’ might expect, and containing elements unpalatable to both sides of the aisle.

- Allowing the prime movers of the cause of the mess, Barney Frank and Chris Dodd, to be drawn to open media mikes like moths to the flame, talking specifically on this issue, raising their profiles and connection to these events, thus highlighting their central role in the whole mess.

- The Dem Congressional leadership making full use of opportunity to fully display their total knack for feckless incompetence and political buffoonery, which is almost a given, just as the American public is really, really paying attention, - Reid’s attempt to torpedo shale oil in the midst of it was an added bonus.

- A perfect opportunity for John McCain to take bold action, and to quietly, with subtlety, begin pointing the way to a solution which probably won’t cost 3/4 of a trillion dollars, and basically socialize several major Wall Street firms. Something which a) just might solve the problem, and b) would absolutely derail the Democrat’s mantra that the Repubs in general and John McCain in particularly are clueless on the economic front, and [Update] c) provide a ‘clean’ demarcation line severing John McCain (and the Repub Congresscritters that are revolting against it) from the Bush White House and ‘rendering inoperative’ the ‘more of the same’ line of attack.

- All within 6 weeks of an election.

Is this a strategery that he’s been misunderestimated on?

Beats the hell outta me, but if so. . .

W, you magnificent bastard!

::Update:: - Having Bernanke schmooze Harry, Nancy, and Barney (on bended knee, even!) - nice touch.

::Update II:: - So, will some historian, in the future, use the line “at which point, George W. Bush took one for the team, and hit a sacrifice fly. Deep.” Who knows.

::UpdateIII:: - oh yeah - throw Maverick into THAT briar patch. . . suckers.

*snicker*

::Update IV:: HA commenter Sakaki looks, and sees what I see

The plan is already in the works. It’s actually ready to go to the bipartisan crew to look over and develop. Watch, and by 5PM EDT, they’ll be ready to put it on the floors of the House and Senate.

And by 6pm, McCain is on a plane out of National headed for Oxford MS, ready to devastate Bambi, one on one. That’s a bet I’ll take.

Astroturf THAT!

::Update V:: - Indications it’s working? Nice.

::Update VI:: - Barney delivers an Oscar winning performance in the role assigned to him (and they said type casting was dead)

The chairman of the House Financial Services Committee declared Friday that an agreement on legislation to relieve a spreading financial crisis depends on House Republicans “dropping this revolt against President Bush.”

Too good. Too, too good.