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well, there are alot of problems here.
first, the bush administration presented a 2 page "bill" about a week ago after the AIG farce forced it to stop acting in an explicitly ad hoc manner and try to act in a bigger ad hoc manner.
it seems to me that neither the magnitude or the meaning of the problems that this was to address have been adequately defined.
without and adequate definition of either, no measure is going to be coherent.
the "strong" argument for passing it was that it "created confidence"----which is rapidly ebbing away.
this idea of "confidence"--something so vaporous as that--being at the core of capital flows, which typically are hedged round with the "science" of economics and the appearance of "objectivity" that follows from equations and so forth--that's a little curious.
compounding this has been the bush people's attempts to overcome their own weakness by trying AGAIN to govern from a state of emergency---panic now comrades---the Clock Is Ticking----tick tick tick--do something do something--tick tick tick.
then you have the revolt of the fundamentalists in the republican study conference, cheered on by the asshat newt gingrich. tick tick tick.
on top of this, you have a totally discredited president who cannot control his own party any more tick tick tick particularly given that mc-cain's campaign has already decided that the only possibility of winning lay with separating "republican" from "bush administration"--and republicans in the house seem to also think this is a good plan...
tick tick tick.
at this point, i think this has reached the level of the truly comic, as ideological crises can become when they play out across large-scale crises in other areas.
meanwhile, any reasonable person looking at this cannot still believe that the interests of capital and those of the rest of us are the same.
i wonder what the next installment of this drama will look like.
the dow is down 532. it is 3 pm. tick tick tick.
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a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
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