A Must Read and Open Thread

Howdy all! So let me start this off with a picture that speaks to me:

individuality

And now on to the must read! This is a GREAT article by Mike Lofgren, a long time GOP Congressional staffer until he retired last year. This piece says a lot; it's long, but it's an important read. It was published in The American Conservative. Whoda thunk?

So much in it is good. Here's a taste:

The objective of the predatory super-rich and their political handmaidens is to discredit and destroy the traditional nation state and auction its resources to themselves. Those super-rich, in turn, aim to create a “tollbooth” economy, whereby more and more of our highways, bridges, libraries, parks, and beaches are possessed by private oligarchs who will extract a toll from the rest of us. Was this the vision of the Founders? Was this why they believed governments were instituted among men—that the very sinews of the state should be possessed by the wealthy in the same manner that kingdoms of the Old World were the personal property of the monarch?

Methinks Mr Lofgren has joined the ranks of the persona non grata with his party...

And a couple more pictures for you all!

obedient wives

grow up

So what's on yer mind?

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triv33's picture

I think that Obama Owes Us An Explanation too!

Many experts understood before Obama took office that millions of borrowers owed the bank more than their homes were worth, and this put them in danger of sinking into foreclosure while depressing their spending, which in turn made employers reluctant to hire. This required a muscular program to write down loan balances.

But the president listened to his Treasury Secretary, Timothy Geithner, who had just helped the Bush administration craft a $700 billion taxpayer-financed bailout of major financial institutions. Forcing those banks to absorb fresh losses by relieving homeowners was a no-go.

This is how the Obama administration came to embrace a doctrine that has proven terrible both politically and economically: Bailouts for 'too big to fail' financial institutions, and token assistance for homeowners.

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