Tuesday, January 12, 2010

Big Bonuses Could Turn Tea Parties Against Banks

From the WSJ report: " If a company is doing well, they don't have a problem with it. Most people in the tea-party movement are capitalists....If the company in question is one that received a government bailout -- totally different story."

In other words one of the right's usual motives, envy, rears its ugly head. it is the usual petty envy that some one is getting something that the average teabagger thinks he/she isn't, and it is being paid for by his/her tax dollar, hence the hatred of so-called entitlement programs.

It does not seem to matter to teabaggers that Hank Paulson was the architect of the TARP bailout end the end of George Dubya Bush's lame-duck second term. Nor does it matter that many of these same teabaggers must have endorsed passage of the Gramm-Leach Act, gutting the New Deal era Glass-Steagall Act which lead to the '08 financial crisis, questions of privacy aside. That's all ancient, ancient history. Teabagger live for the present just like they did when they were hippies.

It is the lame-brained worship of the Rand-Friedman-Greenspan "free market" economy which has brought the nation to this juncture. And members of the teabagging movement as are culpable as the most corrupt politician.
Read the Article at HuffingtonPost

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