Matt Yglesias

Oct 6th, 2008 at 1:33 pm

Adventures in Conservative Paranoia

paulson_bush_bernanke_1.jpg

Belle Waring found a real keeper from Dr. Helen:

Is your head spinning from all the doom and gloom being blasted from the media and Congress day and night about impending financial disaster? Mine is, and frankly, I sometimes wonder how much of the financial picture is accurate and how much is manufactured in order to get a Democrat elected. One has to ponder about the timing of all of this bad news.

Why the crescendo of economic collapse right before the election? Why didn’t the media and congress act just as concerned some time ago or wait until sometime after the election to go into crisis mode? The timing of the current financial crisis seems too planned and calculating to be just a coincidence. Polls show that people’s number one concern right now is the economy and that for the most part, voters believe Democrats are somewhat more likely to help with the economy. Could it be that the liberal media and those in Congress, knowing that, is blaring the bad economic news from the rooftops in order to manipulate voters into voting for a Democrat? If so, it won’t be the first time.

Brilliant deductive powers. Now the only real question remaining is how the Democrats got George W. Bush, Ben Bernanke, and Hank Paulson to go along with the charade. To say nothing of John Boehner and Mitch McConnel. And for that matter John McCain! They somehow tricked McCain himself into saying the financial crisis was such a big deal that he had to pretend to suspend his campaign to deal with it, even though the whole crisis is a fraud cooked up by Barack Obama to boost his electoral fortunes. Maybe there’s some kind of razor that could help us figure this out.

Filed under: Conservatism, Economy, Media





44 Responses to “Adventures in Conservative Paranoia”

  1. RoboticGhost Says:

    Know the parable about the blind guys describing the elephant? That’s analogous to conservatives explaining the meltdown without indicting Reaganomics. It’s pretty funny, really. “It’s the blacks!” “It’s the democrats!” “Its all in your head!”

  2. El Cid Says:

    Clearly they think it’s horribly unfair that this disaster couldn’t be staunched until after the election.

  3. DTM Says:

    I’ve seen a lot of the nutjobs speculating that Bush is trying to throw McCain under the bus, so I actually don’t think they will find this rebuttal tremendously convincing.

  4. Steve LaBonne Says:

    Clearly they think it’s horribly unfair that this disaster couldn’t be staunched until after the election.

    That definitely wasn’t for lack of trying by Paulson and Bernanke.

  5. cube Says:

    Not to mention the cute trick of getting the stock market to tank and the international financial system to nosedive.

    So clever!!!

  6. ronathan richardson Says:

    I can’t believe you take the time to read Dr. Helen. I have kitchen appliances smarter than she is.

  7. pseudonymous in nc Says:

    #6 is full of win.

    Next time you need a board-certified psychologist in eastern Tennessee, remember that they certified Dr. Mrs. Ole Perfesser, and move to North Carolina.

  8. Jeffrey Davis Says:

    To follow her logic, if the big money guys are willing to give up 10-12% of the value of their assets to elect a Democrat, who is Belle Waring to tell them “No”? They’re really putting their money where their mouths are — some of them are going bankrupt! So, she better toe the line and be quick about it. And a lot less backchat, Belle. They know where you live.

  9. NickM Says:

    Lehman was actually the first-ever Wall Street suicide-bomber firm. It loaded itself with bad debt and blew itself up intentionally. If it weren’t for that, the Republican governance model would have been 100% win.

  10. DonBoy Says:

    To follow her logic, if the big money guys are willing to give up 10-12% of the value of their assets to elect a Democrat, who is Belle Waring to tell them “No”?

    Don’t be naive! They haven’t lost all that money, it’s, um…buried in Syria. Yeah.

  11. kth Says:

    That the profession of clinical psychology allows the likes of her to practice seriously makes me suspicious of the whole racket (e.g. the standard critiques from Marcuse or Foucault, or even a practitioner like R.D. Laing). If you are seriously mixed up to the point of hurting yourself or someone else, you are probably safer just taking happy pills or electric shocks from a psychiatrist, than confiding in the likes of Dr. Helen.

  12. rapier Says:

    It’s funny I harp and harp on how the crisis and the bailout should be analyzed using a forensics mindset and then a forensic psychologist, whatever the hell that is, chimes is, from the bottom of the rabbit hole.

    Which just goes to show you the power of partisanship. Her theory I will guess violates every single principal of her discipline. A gigantic conspiracy to elect Democrats?

    The foundation of Wall Street gone, the great investment banks. The Treasury already in for nearly $3 trillion already (another $900B today, under the radar if you can believe it) to bail out Wall Street and not one dollar to Democratic voters. Some conspiracy.

  13. kid bitzer Says:

    well, we already have a preacher in sarah palin’s church telling us that financial corruption is caused by the fact that the jews run all the banks.
    luckily, according to him, they will have their jobs and their wealth taken away and given to christians, after which no corruption.

    (think i’m exaggerating? it’s on youtube.)

    so…how soon before the helens and sarahs start saying that the meltdown is not only a conspiracy, but a conspiracy by the zionist israelite bankers?

  14. 5ave. Says:

    OTOH, McCain hates Bush, and Bush knows it. If Obama wins, McCain will be dangerously honked, but I’m guessing Bush will have cards to play to keep McCain in line.

  15. MosBen Says:

    Yeah, whole companies planned to go into bankruptcy (or come very near to it) just to tilt an election. What utter nonsense.

  16. Jeffrey Davis Says:

    Apologies to Belle Waring for the mis-attribution. I blame my blank-eyed insomnia.

  17. sunsin Says:

    Love to hear Wile E. Coyote whining that his Acme Financial Bomb went off six months early…..

  18. Guscat Says:

    I guess I can let you in on the secret now, but George W. Bush is actually a Democrat Garry Trudeau secretly recruited to join the Party while still at Yale. We’ve spent decades grooming Bush to become a Republican President, and destroy the Party from within.

  19. Notorious P.A.T. Says:

    If so, it won’t be the first time.

    When were the other times?

  20. PlusDistance Says:

    Wasn’t this the exact same response the Republicans had when the Mark Foley story broke?

    Not “we’re sorry we screwed up” or “we’ll get to the bottom of this screw-up,” but “No fair talking about our screw-up before the election!”

  21. Brock Says:

    My father told me this weekend that the financial crisis is Clinton’s fault. (It must have been something he heard on Fox News.)

    I tactfully resisted the temptation to ask him if he remembered who has been President for the past eight years.

  22. Dave Says:

    Personally, I use Gilette’s Mach 5.

  23. rmwarnick Says:

    Obviously, Plan A was to somehow stave off disaster and pretend the economy was fine until after the election. That turned out to be wishful thinking. So Plan B was scribbled down on two and a half pages– give the Bush administration new unprecedented powers and a blank check or we’ll have Great Depression II just before Election Day!

    I just knew Bush had one more big catastrophe for his legacy.

  24. BB Says:

    Cooking up a big crisis right before an election.

    Hmmm. I wonder why a conservative would think of that tactic? I wonder why that would just pop into a conservative’s head?

    Get this Dr. Helen a mirror.

  25. daveNYC Says:

    I have kitchen appliances smarter than she is.

    You’ve got one of those fuzzy logic rice cookers too?

  26. AuntTowel Says:

    >My father told me this weekend that the financial crisis is >Clinton’s fault. (It must have been something he heard on >Fox News.)

    You must live in my house. I’m still trying to convince my folks they need to make a huge leap from the CRAs in 1977 to over-leveraging in 2007, and I’m finding out it’s not worth trying. And since blaming the CRA’s didn’t seem to stick, maybe dragging out that musty old consipracy theory will.

  27. BruceMcF Says:

    Yeah, whole companies planned to go into bankruptcy (or come very near to it) just to tilt an election. What utter nonsense.

    I’ve seen a similar argument about this being one last Bush plot to accomplish some nefarious end, and have the same reaction … how did they get Lehman Bros. and AIG to go along? And the Icelandic Banks … Icelanders are now hoarding pasta and olive oil because of fears that they won’t be able to pay for imported food. And, yeah, they love their fish, but not a lot of olive trees or wheat fields in Iceland.

  28. K Says:

    Rush Limbaugh also is on the case:

    “…I don’t think this financial crisis is so much a coincidence right before the election … Some of this stuff is a little bit too coincidental, but after the election is over, it’s going to be amazing how blue the sky has become, not much bluer, and how much brighter the sun is, there will be polls on the renewed confidence in the US economy that will be produced by the Drive-Bys after Obama has won, if that’s the case.”

    Is this notion widespread on the right?

  29. Brendan Says:

    Anyone powerful enough to manipulate the market like that is already more powerful than the President. Why would they stoop to such a low office obviously beneath them?

  30. Tyro Says:

    there will be polls on the renewed confidence in the US economy that will be produced by the Drive-Bys after Obama has won

    Well, I’ll certainly have renewed confidence in the future of the economy if Obama wins.

  31. cj Says:

    I was kind of wondering the same thing except my idea is when the Republicans figured out they might very well lose, they put the US into so much debt that Obama would only have one term.

    The economy will still be digging out of the damage done in eight years of Bush. So things will not be rosy and Obama may have a tough fight. In four years, who will remember the financial collapse is owned by Bush the electorate will blame the current President, Obama.

  32. pseudonymous in nc Says:

    Is this notion widespread on the right?

    That after an Obama victory, exurbia will be looted by rampaging gangs of Mandingos who’ll rape the lawn tractors and ride off on the women? I’ve heard that line from in-laws.

  33. JonF Says:

    Re: In four years, who will remember the financial collapse is owned by Bush the electorate will blame the current President, Obama.

    By that logic FDR should have been blamed for the Depression and the election of 1936 a GOP landslide. People are going to remember George Bush for a long time. Back in 1988 the GOP played a clever campaign ad against Dukakis showing 70s gas lines with a tune of “I remember you” playing. In 2020 the Democrats may be able to return the favor with pictures of $4+ gas pumps and foreclosure signs in front of weedy abandoned houses.

  34. mad6798j Says:

    That’s not a great analogy. The Depression had been going on for 3 years before Roosevelt took office, and the econoomy did progressively better each year of his first term. The worst of this recession will definitely be felt during Obama’s first couple years.

  35. mikelotus Says:

    Who is this flake Dr. Helen? Where did she crawl out from? I notice she doesn’t say were her degrees are from. Nor does she list any published research. What is amazing is how many of her sheep agreed with her. Evidently this all started with either Clinton, Carter or FDR. These people need a shrink just like she does. Rampant paranoia.

  36. muarefl Says:

    I can’t recall reading a funnier chain. Loved #6. Are we sure this isn’t linked to the recent yellowcake shipment from Iraq to Canada that totally exhonerated dubya’s last 8 years? That one was …bizzaah.

  37. caliban Says:

    It’s not surprising that Republicans have paranoiac fever dreams about fear-mongering. They invented that tactic.

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