When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Sunday, June 15, 2014

David Brat, Elizabeth Warren, 2 sides of the same coin

Most of the media have got the Brats upset of Cantor all wrong -- which is probably a good thing, the longer Wall Street and the Inside Beltway crowd stay fat, dumb and ignorant, and think it was just some "tea party" thing, the greater chance we have of turning upside down the crony capitalism crowd ruling from DC and Wall Street:

David Brat, the Elizabeth Warren of the Right : The New Yorker: " . . . [Brat] comes across, instead, like a ninety-nine-per-cent conservative who sees the real villain as corporate America and its addiction to government largesse. One of his biggest applause lines is about how bankers should have gone to jail after the 2008 financial crisis. Brat is the Elizabeth Warren of the right.... I’m an economist. I’m pro-business. I’m pro-big business making profits. But what I’m absolutely against is big business in bed with big government. And that’s the problem. Put aside for a second whether it’s actually true that a C.E.O.’s plea for an end to fiscal brinksmanship is actually a mask for extracting corporate subsidies. The more interesting phenomenon is that, for Tea Party conservatives, the Wall Street Journal’s editorial page had morphed into the voice of the enemy. In his campaign against Cantor, Brat turned every issue into a morality tale about big business cheating ordinary Americans. He attacked Cantor for supporting the farm bill (“Do those billions of dollars go to the small American farmer? No, they go to huge agribusiness, right? Big business again.”), the flood-insurance bill (“Who does that go to? A lot of the money goes to gazillionaires on both coasts who have homes in nice real-estate locations.”), and the STOCK Act, an effort to stop insider trading by congressmen, which Cantor gutted by including an exception for spouses. In his Stephenson-inspired stump speech, Brat was more worked up about the STOCK Act than anything else. He promised, “If you tell your friends or neighbors about this issue, I will be your next congressman!”..."

    

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects

Archive