Today’s events will be historic.
As the current administration and their hired shills continue to promote this taxpayer-funded financial bailout as being “a necessary evil” in order to avoid the (supposedly) worst financial crisis since the Great Depression, the finalized version of this Wall Street bailout bill is up for vote today in Congress. If you’ve read my previous post, then you already know that I believe it was a done deal before it was ever announced. Today’s congressional vote is just a formality.
However, I’m writing about this topic again because I find it almost ironic that on this date in history exactly 70 years ago the Munich Agreement was signed by European leaders, also with the proposed purpose of avoiding a crisis: World War II.
For those unfamiliar with the Munich Agreement, it was highly promoted political agreement signed by the major European leaders at the time, with the hopes of avoiding war with an Adolf Hitler led Germany.
The Munich Agreement came to pass based on those past leaders’ rhetoric about “fear”. They used the conceptual “fear” of war to promote their peace agenda, and eventually gave in to Hitler’s demands. If there was any saving grace, it was that it only took one lie for the western leaders to realize that Adolf Hitler could not be trusted.
The Munich Agreement is also considered by many as the quintessential example of appeasement. Because Hitler soon violated the terms of the agreement, it has often been cited in support of the principle that tyrants should never be appeased. Sound familiar?
What I find sad about the similarities of this Wall Street bailout with the Munich Agreement, is that we Americans still haven’t realized that we cannot trust our current administration, even after being misled on multiple occasions.
President Bush misled us into a war with Iraq using the concept of “fear”, and it turned out to be a lie. Now our President wants us to bailout Wall Street using similar “fear” factors, and again, we are going to appease his demands.
We haven’t realized anything from the first lie. It seems as though we aren’t as smart as our European predecessors.
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