Japan Says US Financial Crisis Worse Than Its Bust, Urges Government to Recapitalize Banks

http://www.nakedcapitalism.com/2008/03/japan-says-us-financial-crisis-worse.html

The reason no one is discussing this increasingly dire scenario in the campaign is so as not to awaken J6P (Joe Six Pack). By and large, J6P still believes anything Dubya and Limbaugh tell him and it is best to keep him nursing his beer rather than inform him, in Apollo 13 lingo, that there is "a problem, Houston."

(Actually, Houston is doing relatively well. This situation is the reverse of the late '80s when Texas was going bust and the rest of the country was prospering.)

McCain's chief economic adviser is former Sen. Phil Gramm, who played a major role in causing the crisis to begin with.

http://www.citizen.org/pressroom/release.cfm?ID=1234

It is also true that Bill Clinton signed several pieces of legislation that Gramm desperately wanted passed, because of the latter's connections noted in the above release.

Both parties are owned by Wall Street and the primary ethnic group which runs that financial district (hint: rhymes with "news").

As long as we are tyrannized by the false dichotomy of the Republicrat/Demoblican duopoly, things will not get any better. And Wall Street will get any and all bailouts it demands. And the rest of us will be Third Worlders--living in a banana republic without bananas.