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Posted on 07/19/2010 2:56:39 PM PDT by downtownconservative
As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, 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. Many, if not most, people around them also agreed upon the eventual commitment of some 10 trillion nonexistent dollars in ways unprecedented in America. 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.
(Excerpt) Read more at spectator.org ...
Rush did a great job on this today, it was well worth the listen.
thanks forposting this. I heard Rush and then went to the article4.
this is extremely important.
Once people see the ruling class as they are, then we are at the tipping point.
To see them not as merely misguided idiots, people who are out of touch BUT somewhat well-meaning, people with wierd ideas and a lack of logic, but exactly what they are -— a ruling class -— then the revolt against them will reach all sectors of the populace.
to see clearly is so important. They are a ruling class with a raw greed for power and wealth, with all their collaborators, their minions, and those who mentally and economically give them their power.
We give them power by aping their speech,their clothes, their pursuits, by longing to vacation in the same spots, by aquiescing to their idea of art and culture.
I am so glad to see this well-written and thoughtful article.
Incidentally, Kagan [probably] ends up a justice of the Supreme Court.
Not one of these people did their jobs: the professor did not write the book himself, the assistant plagiarized instead of researching, the dean and the committee did not hold the professor accountable, and all ended up rewarded.
By contrast, for example, learned papers and distinguished careers in climatology at MIT (Richard Lindzen) or UVA (S. Fred Singer) are not enough for their questions about "global warming" to be taken seriously. For our ruling class, identity always trumps."
An interesting excerpt
...never mind the ruling clsss theory...the country will break apart along racial lines...tribal wars of secession and partition are occuring around the globe...in time they’ll come here too.
bttt
Alex Jones is a freakazoid, he may be right about a lot of things, a few things, everything or nothing, but I would double check every thing he has said. The guy has an agenda and a mental problem. He kind of reminds me of the earlier career of Lyndon LaRouche. Mostly because when I was just graduating high school, I became interested in LaRouche, even believing some of the tripe, then I grew up and quit smoking dope....lol. Not that Alex is as crazy as Lyndon LaRouche, but he has a screw or two not tightened.
You’re so right. This ruling class has nothing to do with superior intellect or advanced capabilities. It has everything to do with who they associate with, how they try to elevate themselves above the majority, how they try to create power structures that protect them and marginalize everyone else, how they yearn for the power to dominate.
Codevilla writes very convincingly. I hope a lot more people see this! It needs widespread dissemination.
You can bet there are hundreds of traitors in DC right now who are very anxious over the fact that We The People have found them out.
You know the names of many starting at the top of the Regime and then moving on to his Gestapo.
We're lucky we can sip at will.
God bless the crazy bastard for doing the work we're all to scared &/or lazy to do.
I just had a thought. Has the NRA become part of the ruling class with their support of Harry Reid?
The author asks: “Suppose that the Country Party (whatever its name might be) were to capture Congress, the presidency, and most statehouses. What then would it do?”
Sounds too simple, but the Country Party needs only do one thing - Kill the Federal Reserve. Kill it and you kill the ability of Gov’t to deficit spend, you kill the welfare state, you kill over-extended foreign entanglements, you protect and enhance property rights.
And put the job totally out of reach of my budget.
This in addition to ridiculous levels of ssorted other taxation. It makes the founders look like crybabies by comparison.
How else to deal with it? There's no one to vote for who'll change things.
If you read the article, it relegates a positive conclusion to all of this into a difficult to achieve revolution.
Yes!
I heard quite a bit of this on Rush also. I was on the way home from the farm during his second hour. I missed a lot of the first hour, so was glad to see it here. FR was down when I got home. Happy to see it back up.
You bet it has.
They need to go.
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