Another Wall Street Billionaire Asks Working Americans to Sacrifice - Why Do the Media Still Listen?

[marmar]

AlterNet / By Joshua Holland

Yet Another Wall Street Billionaire Asks Working Americans to Sacrifice -- Why Do the Media Still Listen to These Guys?
Working America has sacrificed a great deal in the last 40 years, yet wealthy Wall St. CEOs keep asking for more.

September 12, 2011 |


Working America has sacrificed a great deal in the last 40 years: its share of the national income, its economic security and the dignity that comes with decent health and retirement benefits. Those at the top of the pile have sacrificed nothing – they're grabbing more income and paying less in taxes today than they did during the mid-century boom years. Yet, we are being asked by those very elites for “shared sacrifice.” The question is, how much “sacrifice” the little guy has to make before the big boys start sharing it.

It's clear to see how the toxic ideology of Ayn Rand has permeated our political culture, all the way up to America's well-heeled elites. Whereas the wealthy were once viewed with some scorn as the idle rich, children of privilege who know little about life in the real world, they now claim to have been imbued with innate, almost super-human intelligence and they offer their wealth to prove it. Those claims go largely unchallenged.

But if you look at the discourse proffered by these feral elites, it's clear that a wingnut with a lot of money is no more rational than the "get a clue, morons" guy of viral fame. Just this week, Jamie Dimon, CEO of JP Morgan Chase, called new banking regulations “un-American.” What did he mean? Who knows? It's a facile talking point.

Perhaps the best example was an anonymous shot at working people supposedly fired from the bowels of Wall St. last year. “We are Wall Street. It's our job to make money,” the broadly circulated email began. ............(more)

The complete piece is at: http://www.alternet.org/teaparty/152387/yet_another_wall_street_billionaire_asks_working_americans_to_sacrifice_--_why_do_the_media_still_listen_to_these_guys/

[w0nderer]

1. the understanding of society

and what society means, has vanished from a lot of people

i don't know if it's a lack of civics training or a hammering of propaganda
or what

society== a team of people working together towards a larger goal under a common ruleset
loosely defined

america is no longer a society
it's a bunch of groups squabbling in the dirt stomping each other and picking up crumbs from the rich on the balcony

it is too sad to cry at

[banned from Kos]

2. Basel imposes a 9.5% capital holding standard on US banks

and 7% on Euro banks.

That can be construed as "anti-American".

[Doctor_J]

3. Why do media listen? Because the billionaire is likely a major owner of the media

The upper class in the US is basically a crime cartel. they're all friends which each other, loan each money, buy things from each other, own stock in each others' companies, go to Harvard Dad's Day together, and so on. Most of them own bug chunks of all of the Big Media outlets and hate radio stations. So the sycophants and wannabes like Mika and everyone else on cable "News" want to keep earning their ridiculous paychecks, so they say whatever they're told to say by people like Dimon. It was very telling that after one of the Republican presidential debates, all of the cable outlets used the exact same phrasing to promote Willard & Goodhair & Cruella while disparaging Ron Paul - the exact same words. Someone in the upper crust gave them their scripts, and they read them.

So the question posed in the subject is inane. The Media still listen because they are nothing but script readers for the billionaires.