Faith-based

Is this what Bush really meant when he said he wanted faith-based initiatives?

From Salon Radio: Digby on the bailout:

And the interesting thing about that is that it was, we had an earlier scandal in the Bush administration, big one, too - not as big as this, but it was big - with Enron and the Worldcom. And one of the things about that was they had created an accounting system that was so obscure and impossible to understand, that people just - it was faith-based. And essentially that's the same thing that's happened with this, on a much larger scale, which is that nobody knew where this paper was, nobody knew where the risk was in these instruments, so they just kind of operated on the basis of faith and waited until the moment when the whole thing came crashing down.

And before Enron and Worldcom there was the Savings and Loan crisis (and bailout), with some familiar names involved. A Bush and a McCain, that’s who.

The only thing we have to fear is fear itself. And the terrorists, and Saddam Hussein, and nukes, and Iran, and North Korea, and the Russians, and taxes, and the latest financial crisis…

It's like listening to Fred Sanford say "Oooo... Its the Big One..." over and over again.

I’m sick and tired of politicians using fear to sell their policies to the American people. I’m even more sick and tired of the American people who fall for this tactic. Why aren’t they ever afraid of the politicians?