THIS is a very long, thorough, sophisticated and complicated article by Matt Taibbi in the current Rolling Stone issue about what's happened not just to our economy, but to the entire power structure of our country. Dwight Eisenhower once warned of the extreme dangers of the "military-industrial complex" taking over the reigns of power from government. What Ike couldn't foresee was a global "Corporate-Wall Street complex" overrunning government.
Here's just two mouth-drying quotes from Matt's piece:
"So it's time to admit it: We're fools, protagonists in a kind of gruesome comedy about the marriage of greed and stupidity. And the worst part about it is that we're still in denial — we still think this is some kind of unfortunate accident, not something that was created by the group of psychopaths on Wall Street whom we allowed to gang-rape the American Dream."
"The latest bailout came as AIG admitted to having just posted the largest quarterly loss in American corporate history — some $61.7 billion. In the final three months of last year, the company lost more than $27 million every hour. That's $465,000 a minute, a yearly income for a median American household every six seconds, roughly $7,750 a second."
And the guys who lost all that money? They got $165 million in BONUSES!!!
Hmmm... maybe it wouldn't be that hard, after all.