Perry Glasser

Trust: The Squandered Asset

In Business on October 11, 2008 at 6:57 pm

Reassurance that the economic maelstrom will soon end is an attempt to create a self-fulfilling prophecy, but when assurances come from the mouths of Weasels, no one is reassured. Trust is gone. The global run on banks is rooted in that fact.

  • Super Weasel Dick Cheney in December 2002 testified before The House of Weasels that, “Deficits don’t matter.”
  • Weasel in Charge Georgie Bush declared the War on Goatherds because they harbored weapons of mass destruction. This turned out to be a wooden slingshot found under a rock near the Kurdish border.
  • Weasel in Charge Georgie Bush shifted the need for the War on Goatherds to the necessity of exporting democracy to people for whom the concepts of self-determination and freedom constitute heresey as applied to women.
  • Weasel in Charge Georgie Bush is eager to tell any who listen that the War on Goatherds is making the world safer…while Osama bin Laden scoots from cave to cave in Afghanistan, invisible to spy satellites that can count the fleas on a camel’s ass.
  • Weasel in Charge Georgie Bush and Super Weasel Cheney tried to privitize Social Security, an idea that transported Wizards into hot dreams of endless new money that could be raked…alas, the plan did not succeed.
  • Super Weasel Paulson told Citizens that the cost of bailing out AIG would be $85 billion, but within days the price soared by another $37 billion–AFTER the US nationalized the company by seizing 80 percent of its equity. This is like your taking home the new car, and getting another bill for invisble costs two weeks later.
  • The House of Weasels first voted down the $700 billion bailout, but then voted for it, and the international community, knowing how well the US Treasury estimate costs, suffered its worst week in history.

We are already on the hook for $2,000 for every man, woman and child in the US, and, given Weasel success so far, who would doubt the price will go higher?
So when Georgie says, “Trust me,” the eagle on the the dollar holds its beak and looks away.

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