The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.
Matt TaibbiTag: finance
In a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
Matt TaibbiTag: democracy capitalism elections government greed wall-street
The mistake our politicians so often make with these industry leaders is in thinking they are interested in, or respectful of, the power of government. All they want is to keep stealing. If you can offer them the government’s seal of approval on that, they’ll take it. But if you can’t, well, they’ll take that too.
Matt TaibbiTag: united-states government politicians wall-street thievery
The Congressional Record will forever show that [Obamacare] was passed in a romper room of overgrown children seemingly barely old enough to keep from peeing on themselves.
Matt TaibbiTag: united-states government congress obamacare
To be robbed and betrayed by a fiendish underground conspiracy, or by the earthly agents of Satan, is at least a romantic sort of plight - it suggests at least a grand Hollywood-ready confrontation between good and evil - but to be coldly ripped off over and over again by a bunch of bloodless, second-rate schmoes, schmoes you chose, you elected, is not something anyone will take much pleasure in bragging about.
Matt TaibbiTag: politics america elections
When the Crossfire paradigm loses its force, all that's left is a bunch of people with different views all sitting together in a room, wondering why they're all paying three bucks a gallon for gas, why they have no health insurance, why their tax rates are higher than Warren Buffet's. If we're all equally a bunch of suckers, how could any of us be worth hating?
Matt TaibbiWashington politicians basically view the People as a capricious and dangerous enemy, a dumb mob whose only interesting quality happens to be their power to take away politicians' jobs... When the government sees its people as the enemy, sooner or later that feeling gets to be mutual. And that's when the real weirdness begins.
Matt TaibbiTag: politics america government elected-officials
We paid for this instead of a generation of health insurance, or an alternative energy grid, or a brand-new system of roads and highways. With the $13-plus trillion we are estimated to ultimately spend on the bailouts, we could not only have bought and paid off every single sub-prime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country - and still have had enough money left over to buy a new house for every American who does not already have one.
Matt TaibbiThis story is the ultimate example of American’s biggest political problem. We no longer have the attention span to deal with any twenty-first century crisis. We live in an economy that is immensely complex and we are completely at the mercy of the small group of people who understand it – who incidentally often happen to be the same people who built these wildly complex economic systems. We have to trust these people to do the right thing, but we can’t, because, well, they’re scum. Which is kind of a big problem, when you think about it.
Matt TaibbiTag: politics united-states government finance thievery
To sum it all up, the [Ayn] Rand belief system looks like this:
1. Facts are facts: things can be absolutely right or absolutely wrong, as determined by reason.
2. According to my reasoning, I am absolutely right.
3. Charity is immoral.
4. Pay for your own fucking schools.
Tag: philosophy cynicism objectivism ayn-rand
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