Posted on 07/16/2010 4:35:54 AM PDT by rellimpank
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.
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. Then, after those in power changed their plans from buying toxic assets to buying up equity in banks and major industries but refused to explain why, when they reasserted their right to decide ad hoc on these and so many other matters, supposing them to be beyond the general public's understanding, the American people started referring to those in and around government as the "ruling class."
(Excerpt) Read more at spectator.org ...
There will indeed be a revolution. How violent it is remains to be seen.
However, I - as before - volunteer to operate the guillotine.
And I will do it with a smile.
Its the Rinocratic Oligarchy....and the major supporters and players represent interests seeing We the People as tax slaves and serfs...rather than functioning as our employees.
That’s our fault.
We’ve had two domestic American against Americans wars in this country. Third time is a charm.
The Second Amendment, it’s not just for squirrels.
Interesting article, but WAY too long to try to plough through before my daily quota of caffiene...
Bookmark for later.....
I don’t think the business “kulaks” got the message that they better start hiring!
bflr
Our leaders today are very much like the French aristocrats of 1788, just as ignorant and arrogant. Zee heads will roll.
I can’t think of anyone in prison here in the US that should be released. So we can skip the “Storm the Bastille” part.
Pretty well describes Lindsey Graham, John McCain, George W. Bush, Susan Collins, Olympia Snow, Orrin Hatch, Scott Brown, et. al.
Bump
I know one of those is the Civil War. What was the other one?
“Our ruling class’s agenda is power for itself.”
One major reason I love George Washington, who refused to be King and retired after 2 terms as President.
Maybe only those who take a psych test to prove they are like GW should be allowed to “rule.” :)
The ruling class’s appetite for deference, power, and perks grows. The country class disrespects its rulers, wants to curtail their power and reduce their perks. The ruling class wears on its sleeve the view that the rest of “Americans are racist, greedy, and above all stupid. The country class is ever more convinced that our rulers are corrupt, malevolent, and inept. The rulers want the ruled to shut up and obey. The ruled want self-governance. The clash between the two is about which side’s vision of itself and of the other is right and which is wrong. Because each side — especially the ruling class — embodies its views on the issues, concessions by one side to another on any issue tend to discredit that side’s view of itself. One side or the other will prevail. The clash is as sure and momentous as its outcome is unpredictable.”
The outcome I believe is quite predictable, the people will prevail and the ruling government will fall.
I’d love to be a part of it !!
This was one of the number of bailouts and don't forget the 2008 Bush/Pelosi bi-partision stimulus package that preceded both the economy/financial collapse and the call for TARP.
Just when voters were starting to forget how bad Republicans were (because of democrats failure and self destruction) we hear that GWBs book goes on sale right after the midterm election. Just what we need. Get out the handkerchiefs for the upcoming 'Pray for Bush' threads. Expect lots more nostalgic weeping about 'the good times'.
I think ,like most that try to homogenize Republican and Democrat, they overlook a lot of distinctions. The biggest policy victory of my life was the Republican agenda that overthrew the Soviets; that was directly in opposition to the ruling class and remained so for at least 15 years through the mid-70's up to 1990; yet the homogenizers like Ron Paul come down on the side of the ruling class, in effect. I think it's nonsense to attribute the evangelism for America, that runs throughout history, to the Progressives, as he does here, you'd have to discount John Winthrop's "Shining City on a Hill" from the 1630's, up through the founders to Reagan.
file under “revolution”
The article is far too wordy.
Have you ever killed anyone? Don't you think it would weigh heavily on your conscience? The American way is to get the folks out of power, undo their mistakes, and then go on from there.
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