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 ...
......Our leaders today are very much like the French aristocrats of 1788......
That is a very interesting thought. I will need to think on it before totally agreeing.
The main problem I see with it is our cities. They have degenerated into bastions of the recipients of the governmental largess. They will not revolt as long as the bread is given for free.
At present, they have not only bread, but cake as well
You also have the debacle with younger brother Neil???
http://www.allbusiness.com/personal-finance/real-estate-mortgage-loans/282011-1.html
From Lee Iacocca’s book: “Where Have All The Leaders Gone?”, he writes, quote: “Am I the only guy in this country who’s fed up with what’s happening? Where the hell is our outrage? We should be screaming bloody murder. We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car. Bur instead of getting mad, everyone sits around and nods their heads when the politicians say, ‘Stay the course.’, unquote!!!
Now with have an oil spill instead of a hurricane, hmmm???
Palin dug her own grave.
“A Statist Republican politician displays more anger and hostility toward a conservative member of the GOP than hed ever display to even a radical Dem colleague.
Think outside the box. What will cause a Statist Republican to unravel entirely?
Republican Traitors.........keep it simple
bttt
All:
Sorry for the run-on paragraph in my post above...don’t know why it displayed this way.
Don’t worry, and thank you for these thoughts of yours!
I live five years under Hitler’s tyranny 1940-45 and over there FDR was put on a pedestal as the savior of the world, regardless Churchill wanted to finish off the Soviet Union!!
Defectors has said that it was their intentions to take down the U.S. from within. Lenin said if you can control the education and the press that’s the key to rule the people, and we are seeing it creeping along openly after our devastating 2008 election!!!
“...I live five years under Hitlers tyranny 1940-45 ...”
I so very sorry to hear that. Glad you made it to America.
“...over there FDR was put on a pedestal as the savior of the world...”
Once again, if people knew what he was involved with, he wouldn’t be so glorious.
“..we are seeing it creeping along openly...”
Don’t worry - as bad as it looks, there are STILL enough American Patriots to put things right.
God is on our side, brother.
B U M P
Excellent article. I’ve printed it, and I’m sending the link to others as well.
One paragraph about which I'd like to comment:
America's problems would be fixed by a "brain trust" (picked by him {FDR}). His New Deal's solutions -- the alphabet-soup "independent" agencies that have run America ever since -- turned many Progressives into powerful bureaucrats and then into lobbyists. As the saying goes, they came to Washington to do good, and stayed to do well.
We tend to think of lobbyists as advocates of a private sector or non-profit. But you seldom hear of what I'll call the "Silent Lobby" - all the millions of bureaucrats. Government-run programs control trillions of dollars, and they are all concentrated in one industry: Government. You can bet they exert a tremendous political influence - ironically, based on their own self-interest rather then that of the public they purport to serve.
OMG - I just realized I read this piece two weeks ago! Guess I spent too much time in the sun over vacation.
Bump :)
The secrets of the ruling class have been exposed. To think of how many years they have spent sowing the seeds of division and hatred amongst the masses. The racial hatred, class hatred etc. All of this done and couched in righteousness. It was all a plan to save their own necks.
The truth is they are terrified, as they should be, that if we all got together we would come for them.
The ruling class are the haters, the selfish, the arrogant, and the immoral.
We need to go after them and see to it that their evil plans are stopped.
They must pay.
The guillotine is too slow we will need machine guns at least.
BTTT.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.