Paulson, Bernanke, Bush up brinkmanship, fearmongering

First, Big Ben Bernanke, The Worst Fed Head Since Greenspan™, says Congress must approve Crazy Uncle Henry’s Damaged Derivatives Bailout or risk recession.

Uhh, Ben? Though not officially reported yet, we’re already in a recession.

And, it’s hypocritical in spades to warn about more foreclosures as part of this fear-mongering when you and Paulson don’t want to make more mortgage relief part of a package deal.

That’s because Paulson is “embarrassed”:

”You know, I share the outrage that people have,” said Paulson. “It’s embarrassing to look at this, and I think it’s embarrassing to the United States of America.”

Then, our Must Be an Asshole (MBA!) biz Preznit weighs in:

President Bush is “very, very confident” that the plan will be approved by Congress this week, said White House spokesman Tony Fratto. He said it was “unthinkable” that Congress would not pass the bill this week.

It may seem “unthinkable” to Shrub that Congress wouldn’t pass the Immunity 2.0 bailout this week; to me, it’s unconscionable if it does pass it.