Knockovers

You want to just say fuck 'em all, but there is the credit issue, the oil that lubricates the whole system all the way down to the guy with the local bank loan. And maybe that's what it has to get back to. Because the hell with every one of those obscenely wealthy corporate bankers and everyone else feeding off their feudal system if they're doing shit like this:

The 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last three months of 2008, the government said Tuesday.

The Treasury Department said the banks reduced their mortgage and business loans by a median of 1 percent each, while credit card lending rose by a median of 2 percent. The median is the point halfway between the banks that lent the most and those that lent the least.

And the White House, the Obama Administration, wants to water down the bank executive bonus restrictions in the the stimulus package?

Read my lips, you guys who got us into this: Step Off.

Maybe it's all grand kabuki, make the bankers think this before you nationalize the whole thing, with the guy who presided blithely over this meltdown, Alan Greenspan as your cover. Maybe Geitner's only just figured out his strategy (not necessarily a bad thing to deliberate for your first week in the job) and all will go well. But the massive greed of the money class is lying low there, like flames ready to slip around wall or through a crevice, just give it even a whiff of oxygen.

That said, the stimulus transparency website, Recovery.gov, features the boss putting his face on it, YouTube style, the first cyberbuck stops here Presidential moment ever in history, a model for all time. What's so striking is the overview graph where I first saw that the #1 largest element of the stimulus package is tax relief -- $228 billion, as seen in proportion to the other categories.

(Second is State and Local Fiscal Relief -- similar to tax relief, not a pure spending measure -- at a distant $144 billion, Third is $111 billion for Infrastructure and Science, again more of our money coming back to us.)

The auto makers are next, America's post-industrial horror show, and that's going to hurt no matter what happens, but look at where we're at compared to just a month ago. Our President is strong, he is implementing the agenda the American people voted for, on the side of transparency for the people, the year is still young.

And here, after three weeks on the job, is our new, young President signing the largest non-military spending bill in our nation's history:

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"It is great to be back in Denver. I was here last summer to -- we had a good time -- to accept the nomination of my party and to make a promise to people of all parties that I would do all that I could to give every American the chance to make of their lives what they will. To see their children climb higher than they do. And I'm back today to say that we've have begun the difficult work of keeping that promise. We have begun the essential work of keeping the American Dream alive in our time and that's what we're doing here today."

Obama's gaining strength, every day. It's like his Barack powers are zapped up by Presidential booster beams. He's not losing strength at all -- that the Republicans.

He's still growing.