Anger is sweeping America. True, this white-hot rage is a minority phenomenon, not something that characterizes most of our fellow citizens. But the angry minority is angry indeed, consisting of people who feel that things to which they are entitled are being taken away. Full Story »
Posted by Dwight Rousu - via Memeorandum, Gian Antelles (f), avivao (f)
Great article detailing the "belligerent sense of entitlement" that has taken hold amongst America's affluent elite. Krugman shows how ridiculous this anger is when placed in the context of the suffering of ordinary Americans. Yet the article concludes with the sobering fact that the rich's influence means that their "pain" is more keenly felt by politicians.
When it comes to defending the interests of the rich, it seems, the normal rules of civilized (and rational) discourse no longer apply. More »
when New York magazine published an article titled “The Wail Of the 1%,” it was talking about financial wheeler-dealers whose firms had been bailed out with taxpayer ... More »
Yet if you want to find real political rage — the kind of rage that makes people compare President Obama to Hitler, or accuse him of treason — you won’t find it among ... More »
Are Bush Jr. and Sr. responsible for destroying our economy? No. Are Clinton and Obama? No. Is there any real difference between tax cuts and stimulus? Not really. Are the rich angry? Yes Is the middle class angry? Yes. Do they have different reasons. No. The US economy has collapsed. The US is rich because it has been a stable place to put your money. With the exodus of manufacturing the US lost its ability to use massive amounts of capital making it less stable and less able to ... More »
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