I'm really freaking tired of these articles about how the super rich are feeling the economic crisis. I'll be clear here, for those who might not be familiar with my position on this--I'm a full-bore class warrior. I've said it a number of times--class warfare has been going on for as long as we've had classes, so I see nothing wrong with the poor, working and middle classes taking a chunk out of the asses of the wealthy. And while I have precious little patience for the people mentioned in the above article, I have even less patience for the people who try to spin a little compassion for them.
So should we feel sorry for these people, so many of whom have profited in spectacular ways from a largely unregulated industry? Probably not. There are families who've lost their homes and have no place to turn. We all know putting food on the table isn't ever going to be a problem for these Upper East Sliders. But if you want to let a little humanity kick in, remember many of these families face losing almost everything they've worked for over decades, or even generations. It's not just the goods they're in danger of losing, it's their self-esteem, their confidence, their hope. And that's a place it seems where everyone, from Main Street to Fifth Avenue, is stuck for now.Emphasis mine. And how did they make all that stuff they're at risk of losing? Through exploitation of the people who are actually hurting, the people who, if the current downtrend continues, might wind up homeless, or getting their meals from food pantries, without the education or the means to rebuild their lives. I just can't feel sorry for the super rich who are having to cut back on their weekends in Aspen or their art purchases, not when there are people working two jobs just so they can live out of their cars.
David Brooks describes what seems to be, in his eyes, the coming horror show of an Obama administration combined with an overwhelmingly Democratic Congress in his column today. What scares him so badly?
Over the past decade, liberals have mounted a campaign against Robert Rubin-style economic policies, and they control the Congressional power centers. Even if he’s so inclined, it’s difficult for a president to overrule the committee chairmen of his own party. It is more difficult to do that when the president is a Washington novice and the chairmen are skilled political hands. It is most difficult when the president has no record of confronting his own party elders. It’s completely impossible when the economy is in a steep recession, and an air of economic crisis pervades the nation.The Gingrich revolution in reverse and on steroids? Sounds like heaven to me. If we can get anywhere near European-style social democracy, I'll be ecstatic. I'll settle for universal health care and a living wage law for starters. And you know something? There are still lots of super rich people in Europe. But over there, if the economy goes to crap, the poor can still go to the doctor.
What we’re going to see, in short, is the Gingrich revolution in reverse and on steroids.