womzilla: (Default)
[personal profile] womzilla
I believe Josh Marshall was the first person to publicly identify the Cheney/Bush governing strategy, in a December 2003 piece for The Hill. When searching for it earlier this evening, I discovered that the piece is now only to be found in Google's cache, so I'm preserving the key point here:

What we're seeing in Washington today has an uncomfortable resemblance to what, in mafia lingo, is called a bust-out.

It goes something like this.

Say you're a gambler and I'm a mobster. I've lent you lots of money. But now you can't cover your debt. I could pursue the matter through your kneecaps or toss you out of an office window, but instead I take a more constructive approach.

You own a shoe store. I take it over your operation, order everything under the sun and fence all the merchandise for as much money as I can get as quickly as I can. I run out every line of credit you have and generally squeeze the place of every dollar I can get out of it. And then when I can't squeeze anymore, I torch the place and collect on the insurance money.

Sure, it's not the most sustainable business model. But I have my money back, and what happens to you is your problem.

Date: 2007-04-02 05:47 am (UTC)
From: [identity profile] davidgoldfarb.livejournal.com
Teresa Nielsen Hayden made the same observation on Making Light quite some time ago. (I haven't gone looking for just when, although I do think it was later than 12/2003.)

Profile

womzilla: (Default)
womzilla

March 2016

S M T W T F S
  12345
6789101112
13141516171819
202122232425 26
2728293031  

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated May. 9th, 2026 08:54 am
Powered by Dreamwidth Studios