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 ...
This whole “Political Class” thing reminds me of the current status of “Professional Wrestling”... False heroes and villains full of bluster and braggadocio, pitted against each other for our “entertainment”. It is tragic that the “game” has such a price tag for tickets to watch or participate!
Makes a pretty good analogy to me...
Great posting!
This also relates to the 29thDay a theory set done up by a family of actuaries, see 29thday.org. The dad in that family defines “CI” as what would be the ‘ruling class’ in the essay heading this thread. ‘CIC’ is the people.
This is war, truly. I am currently trying to piece through a bit of this war in my historically famous home town. We are opposed by a key man in the political elites, but I am hoping Providence has provided the toolset to defeat him, and enable the people. Interesting stuff, even GOTHIC, in a Mary Shelley derivative way.
“The article is far too wordy.”
I said that about the Declaration of Independence and the Constitution when we were studying it in Jr. High School “Civics” class. I have come to regret and be seriously embarrassed about that...
I think this is an important article that puts together a whole lot of what’s going on. It is much too important to dismiss or put on the shelf and forget!
Its description and conclusions may not “fit” everyone, but it sure is an excellent point of departure for a debate!
Duplicates:
This here has become the Preferred!
http://www.freerepublic.com/focus/f-news/2553634/posts 122
http://www.freerepublic.com/focus/f-news/2554512/posts 40
http://www.freerepublic.com/focus/f-news/2554945/posts 16
Earliest, 7/8
http://www.freerepublic.com/focus/f-news/2548923/posts 14
ping
How the GOP elites see the Tea Party:
NAILED
—wow-subject of Limbaugh this am-—!
Rush Limbaugh's discussion today:
America's Ruling Class -- And the Perils of Revolution
Check out links at # 124, also.
Links not working. I’m wondering, since Rush is speaking of this if the servers are overloaded or if the essay has been pulled. Anyway I see this was posted a few days ago but thought I would let you know anyway.
When the revolution starts there will be political prisoners. Then we can have a storming of the Bastille.
You’re not wrong, it’s just early in the process.
Treason explained so We The People will be able to identify exactly whose behind the destruction of our country and theft of our freedom.
bump
I believe you are right. I know there are some good GOPers out there—some who are genuinely small-govt conservatives. But the ones that run the RNC could easily switch parties and we wouldn’t know they were gone.
Great article — it explains a lot of what we have all known but have not been able to put into his exact words.
Article now being discussed on Limbaugh.
Guillotine is so Francais.....Gallows is so much more Americaine.
And seriously a long line of gallows supporting a daily spectacle of hanging rotting traitors with ravens picking at their skin would be a great historical symbol of how Americans decided to get serious about dealing with their domestic enemies.
We need a Washington or Lincoln to be elected who is not afraid to see that traitors are hung in the public square.
” If you become part of the Ruling Class, you don’t have to succeed to become wealthy. You become wealthy off the back of the private sector’s blood and sweat “ Rush.
My own example: Al Gore.
2) union leaders
3) trial lawyers(class action litigators)
It’s almost a Caste System imposed on us. Uber Liberals, then Liberals at the top. Then Conservatives are at the very bottom and considered the untouchables.
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