Krugman’s Op-Ed Is Right On

Good ink from Paul Krugman [NYT 10/9/11]!

During this era of “Occupy Wall Street”:

     People who got rich by peddling complex financial schemes that, far from delivering clear benefits to the American people, helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens.

    Yet they have paid no price. Taxpayers bailed out their institutions, with few strings attached. They continue to benefit from explicit and implicit federal guarantees — basically, they’re still in a game of heads they win, and tails taxpayers lose.

     Nothing about what Massachusetts’ Elizabeth Warren  said was radical — it was no more than a modern riff on Oliver Wendell Holmes’s famous dictum that “Taxes are what we pay for civilized society.”

     So who’s really being un-American here? Not the protesters, who are simply trying to get their voices heard. No, the real extremists here are America’s oligarchs, who want to suppress any criticism of the sources of their wealth.

it is the naked truth

     Take a read of the full opinion-editorial, Panic of the Plutocrats: http://nyti.ms/ns8FJ4
 
 
P. S.   The privileged are apprehensive, upset, and defensive… full moon rising today…
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Posted on October 10, 2011, in Patriotism, Politics, Socioeconomics, Stock and Commodities. Bookmark the permalink. 1 Comment.

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