Friday, April 17, 2009

Anger In The US?


Expect a popular uprising only with a complete financial meltdown resulting in a major (80%+) disappearance of wealth. Even then, the media should back this anger. Taking in account that Wall street = The Media, there is more chance of Jezus coming back to earth this month than a popular uprising in the US.

They Don't Make Populism in the U.S. Like They Used To

Wall street Journal; Aril 17th 2009

Snippets:

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America has an enormous middle class that is heavily invested in the financial system and is hardly about to organize for its overthrow

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People who have lost half the value of their 401(k) plans, in other words, want to regain it by having the economy rebound, not by seizing the assets of ExxonMobil Corp. People who have lost a home want to rebuild their credit and buy another one, not liberate the property of the wealthy

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The anti-corporate anger is being dismissed by some commentators who see it as an emotional reaction by people who don't understand how things really work. This was most evident during the controversy over the bonuses received by employees of American International Group Inc.

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That criticism came from the right and left. Radio host Rush Limbaugh denounced the backlash against AIG.

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The new populism may fade when the economic crisis does. Whether it coalesces before then into a more potent force, able to force broad policy changes, might depend on the depth and duration of the downturn..................

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