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    • The politics you’ve got
      MANDOS POST Take a look at Joe Biden—he appears to have, for now at least, considerable staying power in the Democratic primary opinion polls (although, of course, this may change as the actual primaries come through). If your model of political psychology can predict a strong core of popular support for Trump without also predicting […]
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The REAL Story of the Financial Crisis: A Play in One Dishonest Act.

(Happy New Year to all you Joooz out there! May it bring health, happiness and the strength to make it through the tough times ahead.)

Trust Me!

Trust Me!

SCENE I: The Oval Office. GEORGE W. BUSH is sitting behind his desk, staring at the ceiling, bored. There are two chairs on either side of his desk; one is a wing chair, and one is a chair that swivels. The back of that chair is facing the audience; light snoring issues forth from it, but we cannot see who occupies it.

BUSH is waiting for HENRY PAULSON, his Secretary of the Treasury, to come in and tell him what to do about the credit crisis. He amuses himself by spinning in circles in his leather executive chair.

A knock is heard at the door.

BUSH: Come in, Paulie! (continues spinning around in his chair)

PAULSON (entering with a smile): Mr. President!

BUSH (stopping the spinning to look at PAULSON): Geez, Paulie, am I glad to see you! (Tries to get up from the chair to shake PAULSON’s hand, staggers and puts his hand on the desk to recover)

PAULSON (indulgently): Now, George, I’ve warned you about spinning in that chair – it always makes you dizzy!

BUSH (petulantly): Then they shouldn’t make it so much fun! (refocusing, gesturing for PAULSON to sit down) Anyway, Paulie, what’s goin’ on in this here economy?

PAULSON (sitting in the wing chair beside BUSH’s desk): Mr. President, we’re in a heckuva mess, I tell you. The credit market is completely frozen. No one will lend businesses money so that they can continue, well, doing business. It’s all because of that Freddie Mac and Fannie Mae stuff. They went a little crazy with those subprime mortgages.

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