Tuesday, October 11, 2011

Paul Krugman: "The Panic of the Plutocrats" @ New York Times

As we have been exposing to Radio Free Kansas listeners through our "Roasting Rush Ball" series to date the right-wing talk radio echo chamber is running full throttle against the Occupations, most particularly in New York and Washington DC. Local radio hosts in Kansas City, Topeka and the vicinity are performing like skilled sock puppets too. You'll hear some of their messages in the coming episodes of Radio Free Kansas soon.

Krugman writes:

"... What’s going on here? The answer, surely, is that Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is. They’re not John Galt; they’re not even Steve Jobs. They’re people who got rich by peddling complex financial schemes that, far from delivering clear benefits to the American people, helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens. Yet they have paid no price...."

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