Hightower Lowdown
"Speak the truth, but ride a fast horse." -- Old West Texas cowboy saying
In This Issue
Whoever wins, we need Kevin, Heather, A.J., Monisha, Stan, Debbie, and Peter
December's Lowdown
The many REASONS TO BE CHEERFUL after Election Day 2008
After casting her ballot for Barack Obama, Amanda Jones said simply, "I feel good about voting for him." Ms. Jones, of Cedar Creek, Texas (a town just south of Austin), is African-American, and what gives her vote some historic punch is that she's 109 years old. Her father was a slave. Her mother was born right after Lincoln signed the Emancipation Proclamation. She's been through it all--Jim Crow segregation, women's suffrage, the Great Depression, the poll tax, FDR, the civil-rights movement, desegregation, 13 years of George W (five as guv, eight as prez), and now: Barack Obama. This last change fills her with joy, she says.
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The bailout bonanza
The Bushites' trillion-dollar giveaway started out as a bailout for banks with big holdings of investment schemes based on home mortgages. Then lobbyists got "any other financial instrument" included. Then foreign-based banks, including Swiss-based UBS (whose chief lobbyist, former Senator Phil Gramm, is longtime economic advisor to John McCain), muscled into the party, looking for a handout to cover $20-billion worth of bad paper it bought.
Now Wall Streeters are lining up for more than a billion dollars in fees for "managing" the bailout. Yes, some of the very outfits that caused this mess plan to cash in on the cleanup!
So far the tab is well over $2,333 for every man, woman, and child in our land.
In the next Lowdown, we'll unravel this along with other Greatest Hits of the Bush Empire.