The Hard-Times Swindle

The Consensus Speaks

The achievement of the thing is even more remarkable when we remember the prevailing opinion

A solemn crowd gathers outside the Stock Excha...

A solemn crowd gathers outside the Stock Exchange after the crash. 1929. (Photo credit: Wikipedia)

climate of 2008. After the disasters of the George W. Bush presidency had culminated in the catastrophe on Wall Street, the leading lights of the Beltway consensus had deemed that the nation was traveling in a new direction. They had seen this movie before, and they knew how it was supposed to go. The plates were shifting. Conservatism’s decades-long reign was at an end. An era of liberal ascendancy was at hand. This was the unambiguous mandate of history, as unmistakable as the gigantic crowds that gathered to hear Barack Obama speak as he traveled the campaign trail. You could no more defy this plotline than you could write checks on an empty bank account.

And so The Strange Death of Republican America, by the veteran journalist Sidney Blumenthal, appeared in April of 2008—even before the Wall Street crash—and announced that the “radical conservative” George W. Bush had made the GOP “into a minority party.”3 In November, Sean Wilentz, the erstwhile historian of the “Age of Reagan,” took to the pages of U.S. News & World Report to herald that age’s “collapse.” The conservative intellectual Francis Fukuyama had said pretty much the same thing in Newsweek the month before. That chronicler of the DC consensus, Politico, got specific and noted the demise of the word “deregulator,” a proud Reagan-era term that had been mortally wounded by the collapse of (much-deregulated) Wall Street.4

via Pity the Billionaire The Hard-Times Swindle and the Unlikely Comeback of the Right Thomas Frank.

One of the primary reasons for the disaster of 2008 was the rescinding of the Glass-Steagall act of 1933. Let’s not mince words. The American Bankers Association was finally successful after three attempts to BUY enough Congressman and Senators to over-ride president Clinton’s two previous vetoes.

So greed and corruption once again will bring down a great nation, while the citizen are too preoccupied with bread and circuses. A repeat of the fall of Rome.

The Republican’s could not have done this with out the Democrats’ cooperation and the American Bankers Association could not have done this if we were educated, concerned, involved citizens. Here is your answer to why educational funding is not a priority.

Do you need to question why the only time that Jesus got violent, was when he chased the money changers from the Temple.