Got That Right
March 4th, 2009
I’m not a big fan of Joe Klein, but truth is truth, no matter who says it:
In truth, class warfare is what the Reagan Era gave us: thirty years of tax breaks for the wealthy at the expense of the common weal, thirty years of lax regulations which enabled the bankers to strip-mine the savings of average Americans while reaping huge rewards in Ponzi schemes, like the micro-dividing of mortgage assets that were really debits. Once again, I’m not sure Obama’s proposals will work–some will surely be more successful than others, there’s a good chance that rather than being too bold, he isn’t being bold enough–but I am absolutely certain where the continuation, or augmentation, of Reagan-Bush policies would leave us: even worse off than we are now.
Couldn’t have said it better.