Peasant mentality at large

In a post from a few months ago, Matt Tabbi described the peasant mentality so common in America today. It's a mindset that refuses to criticize the ruling class, no matter how oppressive things get:

After all, the reason the winger crowd can’t find a way to be coherently angry right now is because this country has no healthy avenues for genuine populist outrage. It never has. The setup always goes the other way: when the excesses of business interests and their political proteges in Washington leave the regular guy broke and screwed, the response is always for the lower and middle classes to split down the middle and find reasons to get pissed off not at their greedy bosses but at each other. That’s why even people like Beck’s audience, who I’d wager are mostly lower-income people, can’t imagine themselves protesting against the Wall Street barons who in actuality are the ones who fucked them over. . . But actual rich people can’t ever be the target. It’s a classic peasant mentality: going into fits of groveling and bowing whenever the master’s carriage rides by, then fuming against the Turks in Crimea or the Jews in the Pale or whoever after spending fifteen hard hours in the fields. You know you’re a peasant when you worship the very people who are right now, this minute, conning you and taking your shit.

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Matt Taibbi discusses how the media makes and breaks politicians

Yes, the media makes and breaks politicians. They tell us who the "serious" politicians are before the race has even begun, and it always seems to be about who can raise money. At his blog, Matt Taibbi writes thoughtfully about this issue of the way the media caricatures politicians:

The political media has always taken it upon itself to make decisions about who is and who is not qualified to be taken seriously as candidates for higher office. Without even talking about whether they do this more or less to Republicans or Democrats, I can testify that I witnessed this phenomenon over and over again in the primary battles within the Democratic Party. It has always been true that the press corps has drawn upon internalized professional biases, high-school-style groupthink and the urging of insider wonks to separate candidates into “serious” and “unserious” groups before the shots even start to be fired.
Taibbi's post then morphs into some observations about Sarah Palin, who has constantly complained that she is not being treated fairly by "the liberal press."

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Sarah Palin on how to improve Canada

The Canada Press reports that when Sarah Palin goes on a book-signing tour in Canada, no one is allowed to ask her any questions. But someone named Mary Walsh nonetheless asked a Palin for a comment. Here's what she got:

Palin strolled over, looking down on Walsh and her crew to tell them that "Canada needs to dismantle its public health-care system and allow private enterprise to get involved and turn a profit." "Basically, she said government should stop doing the work that private enterprise should do," Walsh said.
And Palin's new book is full of strange claims, according to Andrew Sullivan.

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William K. Black: It’s time for real economic reform

We are a nation in severe crisis. According to William K. Black, a white-collar criminologist, President Obama doesn't deserve any more of our patience:

The Obama administration promoted Bush's architects of the financial disaster and demands that we hail them as heroes. President Bush was ridiculed for saying: "Brownie, you're doing a heck of a job." FEMA administrator Michael Brown stood by while Hurricane Katrina reduced a single large city to ruin. Geithner and Bernanke stood by while scores of large cities were devastated.
Black offer much more than criticism. He offers ten opportunities for digging us out of this mess. It will be difficult to attain any of these while the banks own Congress, but we need to dig deeply an somehow find the political will. Here are two of Black's points that stand out to me:
Can the Wrecking Crew. Fire the senior leaders of Bush's and Clinton's financial Wrecking Crews and stopping treating them as financial experts. President Obama should not reappoint Bernanke as Fed Chairman. He should dismiss Geithner and Summers and cease to take any advise from Rubin. Replace them with the Reconstruction Crew -- people with a track record of getting things right and being effective economists, regulators, and prosecutors . . . End "too big to fail." These banks are "systemically dangerous institutions" (SDIs). They should not be allowed to grow. They should be shrunk to the point that they no longer pose systemic risk, and they should be subject to vigorous regulation while shrinking. They are too big to manage and too big to regulate. They are ticking time bombs that will cause recurrent global crises as long as they are SDIs.
Here are some of Black's other suggestions. I agree with all of them whole-heartedly: - We need to provide the FBI with 1,000 more specialized white-collar crime investigators. - No more executive compensation looting. - Kill TARP and PPIP. ("Use the funds to help honest homeowners that would otherwise lose their homes because of predatory loan terms.") - Make the Federal Reserve System public. - Defeat any proposal to make the Fed the "Uberregulator." - Create a robust "Consumer Financial Product Agency. - End the waste of long-term unemployment (Instead, of paying them to do nothing, pay them to do public works) Consider, also, Black's Five Fatal Flaws of Finance.

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Life is real

After a business meeting in Boston last week, I had two extra hours before I needed to head to the airport. I decided to visit a few historical sites on foot by following Boston’s “Freedom Trail.” At one end of the trail is the “Old North Church,” from which the patriots displayed two lanterns to give warning that the British were about to attack “by sea.” As I was approaching the Old North Church, I had an odd thought: The Old North Church really exists. It’s not just part of a concocted story like Harry Potter. You can walk up and touch the bricks and feel the history in your fingertips. You can trace the history of the church through hundreds of authentic letters and other writings. You can say with great confidence that the Old North Church played a real-life role the Revolutionary War. Because I am a lawyer and a writer, I spend a lot of time thinking of abstract ideas. For that reason, I often need to remind myself about some of the many parts of life that really happened. Maybe I also need to remind myself that some things are really real because entertainment has become such a central part of our lives. When Americans get together, they often bond by discussing television shows and movies. These works of fictions are so often discussed that they seem to rise to the level of "facts." But our world mostly depends on real events that dramatically affect our lives. On the flight back home from Boston, I started thinking of some of the other amazing things that actually play critical roles in our lives. They aren’t just stories in history books or science books. For instance, World War II really occurred. It wasn’t just a movie. There are cemeteries filled with the bodies of the soldiers that died in that war. Consider also, the importance of large-scale immigration to the United States over the past centuries. Without that mass movement of people to the United States, most of us wouldn’t have been born. The scale and the details of many real life events are more amazing than anything any fiction writer could conjure up. Here are some other important facts that I am generally amazed at whenever I take the time to remind myself that these aren't simply stories: * The Greeks really built an extraordinary civilization, as did the Maya and the Egyptian. These aren't just yarns spun by museums and authors. * We’re floating in space and there are stars under our feet too. * The sun is a giant furnace that really does light and heat the earth, and someday the sun won’t exist. * The universe is expanding in rapidly in such a way as to suggest a Big Bang, which was a time when there was no Earth and no living things. * Human beings are animals, and we run in large flocks. 40% of our DNA matches the DNA of lettuce. * All living things are related. * We don’t have any credible users’ manual for living life on earth. * We are far from rational beings. * Despite its unfathomable complexity, including the fact that it is constituted of many billions of cells, the human body works. * Almost all human cognition is subconscious and it is driven largely by emotions, addictions and instincts. * There really are 7 billion people on our planet and we are rapidly exhausting the planet’s resources. I often need to remind myself of these things. I get too distracted by day-to-day aspects of my life, which causes me to take all too many things for granted. Thus, I need to remind myself that much of the world around us is really real, not just a story. This is almost embarrassing to admit, but I often enrich my life by consciously acknowledging the obvious.

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