Tuesday, March 3, 2009

Class Warfare

Joe Klein on “class warfare”:

[C]lass 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. […] 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.

The funny thing about “class warfare” is that the people who worry the most about it are the ones who won the war.