I think the general American public is a whole lot angrier now than in the last financial crash. Between that anger and a Certain Recent Precedent I’m wondering if those in bank boardrooms are a little more nervous than usual about the personal consequences of their inevitable bailout.
That’s one of the reasons I believe Americans are angrier at Wall Street than they were 15 years ago. All those massive corporate bailouts, no bailouts whatsoever for the working class, and all the “adults in the room” said that it would fix the economy. Bailouts just kicked the can down the road, hundreds of millions suffered and are still suffering, and the promise of a fix was a lie.
And this time around a lot fewer Americans are buying the lie, to the extent that the cold planned murder of a Wall Street bigwig resulted in jubilant rejoicing by hundreds of millions of Americans who knew nothing about the victim other than his job title.
Yup, the reaction to the adjustment is freaking out the upper crust because they know they’re about to push us even further into the mud to enrich themselves, and they’re now seeing that even during the good times right now that people are ready to use extreme violence against them.
They know that when they finally pull the switch and start the next crisis, the Luigi’s of the world are gonna come out in droves. They have no ability to truly control the narrative anymore.
Lots more older americans who had some savings, invested in property as a retirement plan, and are way closer to retirement age now than they were in 2008 has got to have some potentially interesting consequences in the upcoming “worst case scenario.”
I think the general American public is a whole lot angrier now than in the last financial crash. Between that anger and a Certain Recent Precedent I’m wondering if those in bank boardrooms are a little more nervous than usual about the personal consequences of their inevitable bailout.
The thing is, we never recovered from the last one and their solution was to just make conditions worse
That’s one of the reasons I believe Americans are angrier at Wall Street than they were 15 years ago. All those massive corporate bailouts, no bailouts whatsoever for the working class, and all the “adults in the room” said that it would fix the economy. Bailouts just kicked the can down the road, hundreds of millions suffered and are still suffering, and the promise of a fix was a lie.
And this time around a lot fewer Americans are buying the lie, to the extent that the cold planned murder of a Wall Street bigwig resulted in jubilant rejoicing by hundreds of millions of Americans who knew nothing about the victim other than his job title.
Yup, the reaction to the adjustment is freaking out the upper crust because they know they’re about to push us even further into the mud to enrich themselves, and they’re now seeing that even during the good times right now that people are ready to use extreme violence against them.
They know that when they finally pull the switch and start the next crisis, the Luigi’s of the world are gonna come out in droves. They have no ability to truly control the narrative anymore.
Lots more older americans who had some savings, invested in property as a retirement plan, and are way closer to retirement age now than they were in 2008 has got to have some potentially interesting consequences in the upcoming “worst case scenario.”