I was just reading the following front page article on WSJ online: Get Your Class War On, by Thomas Frank.
Expecting the normal WSJ content about Democrats inciting class warfare, imagine my surprise when I read this about the current financial crisis:
There is simply no way to blame this disaster, as Republicans used to do, on labor unions or over-regulation. No, this is the conservatives' beloved financial system doing what comes naturally. Freed from the intrusive meddling of government, just as generations of supply-siders and entrepreneurial exuberants demanded it be, the American financial establishment has proceeded to cheat and deceive and beggar itself -- and us -- to the edge of Armageddon. It is as though Wall Street was run by a troupe of historical re-enactors determined to stage all the classic panics of the 19th century.
By the way, this is the same system the Republicans would still apparently like to put in charge of Social Security. The same system that is minting millionaire CEOs, that is holding the line on wages, and that we will be bailing out for years.
Can you imagine my surprise at reading this in the WSJ?
Can you imagine how devastating, yet truthful an ad that uses these words would be?
650,000 jobs lost this year.
Foreclosures.
Bank failures.
Freddie and Fanny.
Lehman Bros
Merril Lynch
AIG
The Republicans want to trust these same people and this same system to manage social security. Privatize social security? Never.