We Will Scare Them Into Agreement

I watched the president’s speech tonight.  Halloween haunted houses will not be scarier.  The speech was designed to frighten everyone into agreeing with his plan to bail out Wall Street.  He had the audacity to ask us to believe him when he is the man who led this nation into the war in Iraq with faulty data.  That he had the chutzpa to make his presentation without a piece of evidence to support his dire predictions is remarkable.

Just look at these quotations from the speech.

–We’ve seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some have failed. As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families and businesses have found it harder to borrow money.

–We’re in the midst of a serious financial crisis,

–Financial assets related to home mortgages have lost value during the housing decline. And the banks holding these assets have restricted credit.

–The decline in the housing market set off a domino effect across our economy. When home values declined, borrowers defaulted on their mortgages, and investors holding mortgage-backed securities began to incur serious losses.

If Congress buys this malarkey they should all be removed from office.

It is 3 a.m and the candidate who can provide leadership ought to win the presidency.