America's Ruling Class -- And the Perils of Revolution

[Jimbob_Rebel]

http://spectator.org/archives/2010/0...-class-and-the

"........agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama.

They explained neither the difference between the assets' nominal and real values, nor precisely why letting the market find the latter would collapse America. The public objected immediately, by margins of three or four to one.

When this majority discovered that virtually no one in a position of power in either party or with a national voice would take their objections seriously, that decisions about their money were being made in bipartisan backroom deals with interested parties, and that the laws on these matters were being voted by people who had not read them, the term "political class" came into use."


There's a lot more to the article and interresting stuff. Do check it out. ~Jimbob

[sgreger1]

http://spectator.org/archives/2010/0...-class-and-the

"........agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama.

They explained neither the difference between the assets' nominal and real values, nor precisely why letting the market find the latter would collapse America. The public objected immediately, by margins of three or four to one.

When this majority discovered that virtually no one in a position of power in either party or with a national voice would take their objections seriously, that decisions about their money were being made in bipartisan backroom deals with interested parties, and that the laws on these matters were being voted by people who had not read them, the term "political class" came into use."


There's a lot more to the article and interresting stuff. Do check it out. ~Jimbob

"They explained neither the difference between the assets' nominal and real values, nor precisely why letting the market find the latter would collapse America."


Yes, God FORBID that things deflate back to their real value. I mean, what kind of shit third-world country would this be if the average Joe could afford a house and a car? I mean, putting food on the table, taking a vacation? What kind of hippy nonesense is this! Everyone knows those activities are strictly for the rich. You give them an inch and they want a mile! They never appreciate all that we do to remind them of where there rightfull place is.
- Sincerely, US Congress

[Jimbob_Rebel]

Don't forget to vote against everyone who voted for the TARP bailout this november.

[Bigblue1]

bump