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Well, looks like Bush will come to the rescue anyway and use TARP.
And why would Bush, and him alone among all of his party, go against destroying the unions, against the goal the Republicans have pursued for decades, just as they are about to succeed? Don't you smell a ruse?
It is much more likely that Republican strategists are aiming to use these circumstances to blame the failure of this last-ditch bailout attempt on their victims, to embarrass their political enemies and ensure that their victory over American wage slaves is complete.
This is what they do. It is what they have always done. Remember who you're talking about. All their policies have aimed to enrich the wealthy at the expense of everybody else. Notice how the hyper-wealthy have profited immensely even as the US economy declines, and how they have prided themselves on their expertise at creative destruction to their profit. Imagine how much more they will profit if the US economy collapses entirely and prostrates the US working class completely. A bankrupt people will not argue with its leaders.
Given the right catastrophe even national elections can be undone. Do not expect the Bushites to go gently into that good night, not when giving up power might leave them vulnerable to prosecution for their crimes.