Tuesday, February 09, 2016

WTF is wrong with the Bern? - Mr. Miracle would've harpooned that big ass....,



kunstler |  Bernie blew his biggest chance yet to harpoon the white whale known as Hillary when he cast some glancing aspersions on Mz It’s-My-Turn’s special side-job as errand girl of the Too-Big-To-Fail banks. Together, Bill and Hillary racked up $7.7 million on 39 speaking gigs to that gang, with Hillary clocking $1.8 million of the total for eight blabs. When Bernie alluded to this raft of grift, MzIMT retorted, “If you’ve got something to say, say it directly.”

There was a lot Bernie could have said, but didn’t. Such as: what did you tell them that was worth over $200,000 a pop? Whatever it was, it must have made them feel all warm and fuzzy inside. Did it occur to you that this might look bad sometime in the near future? Is there any way that this might 
not be construed as bribery? And how is some formerly middle-class out-of-work average voter supposed to feel about you getting paid more for 45 minutes of flapping your gums than he or she has earned in the past five years?

Bernie could have found a gentlemanly way to say that directly, but perhaps he experienced a sickening precognitive vision of his jibes being used against the party establishment’s candidate in the fall general election. Of course, if it looked like Hillary was going to get elected, the remaining sound-of-mind in this country might be falling over each other to apply for citizenship in Uruguay.

Beyond all the political histrionics, is there not some broad recognition that whoever occupies the White House in 2017 will preside over a financial debacle like unto nothing in scale that the world has ever seen before? With all the reverberating side effects imaginable among the traumatized nations? Something wicked has been creeping through the stock markets since the year began. The velocity and damage are amping up. Credit default swap spreads are yawning like fault lines in a ‘quake. Bankers are watching their share prices collapse. It’s a wonder that panic has not already broken out.