Ivor O’Connor

December 13, 2008

The Bush Legacy?

Filed under: Uncategorized — ioconnor @ 5:03 am

You’d think 2 trillion dollars down a black hole would get some attention. Will it at some point become a talking point? Will it at some point be what this administration is remembered by?

Dec. 12 (Bloomberg) — The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.

Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.

The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. The institution confirmed that a records search found 231 pages of documents pertaining to some of the requests.

Or how about the torture? You’d think such moral depravity would gravely disgust anybody viewing it resulting in a lasting memory the administration would never recover from!

Reporting from Washington — A bipartisan Senate report released Thursday concludes that decisions made by former Defense Secretary Donald H. Rumsfeld were a “direct cause” of widespread detainee abuses, and that other Bush administration officials were to blame for creating a legal and moral climate that contributed to inhumane treatment.

The report, endorsed by Democrats and Republicans on the Senate Armed Services Committee, is the most forceful denunciation to date of the role that Rumsfeld and other top officials played in the prisoner abuse scandals of the last five years.

Of course FDR is not remembered for his misdeeds. Nor is Washington or Lincoln. Will Bush go down in history as one of the greatest presidents of all times? It’s starting to look like it. When “up” is “down” and “down” is “up” the person with the biggest ___ usually writes history. As long as he continues to boldly face down reality he’s on the path to being one of the greatest presidents of the United States.

As an aside Bush just bought a house in a private walled-in racist Texas community having bylaws stating colored people are not allowed except as servants. The community just changed that law, during his administration, but buying a house there after Obama wins certainly sends a signal.


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