Panic of the Plutocrats.

[Firebrand Gary]

Source: Paul Krugman

It remains to be seen whether the Occupy Wall Street protests will change America’s direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of the wealthiest hundredth of a percent.

What’s going on here? The answer, surely, is that Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is. They’re not John Galt; they’re not even Steve Jobs. They’re people who got rich by peddling complex financial schemes that, far from delivering clear benefits to the American people, helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens.

So who’s really being un-American here? Not the protesters, who are simply trying to get their voices heard. No, the real extremists here are America’s oligarchs, who want to suppress any criticism of the sources of their wealth.

Read more: http://www.nytimes.com/2011/10/10/opinion/panic-of-the-plutocrats.html?_r=1&ref=todayspaper

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Brilliantly articulated! Thanks Paul.

[lunatica]

1. Mr. Krugman gets it

[annabanana]

2. Amazingly, Mika read this on Morning Joe today and Joe AGREED

with him. In fact, many of the usual RW blather was noticeably absent from economic discussion (so far) on today's show. In the past he has been a reliable barometer for "conventional wisdom" (i.e. RW talking points du jour). Is the framing changing?

[mwb970]

6. The framing is absolutely changing.

And it's terrifying the robber barons. They know they're wrong; they know we're right. No amount of shouting "class warfare!" will change that.

Fox "News" lies!

[mod mom]

3. "the real extremists here are America’s oligarchs"

spot on! rec'd

[Le Taz Hot]

4. Another good article

from Krugman. K & R

[Firebrand Gary]

5. "I refuse to live in a country like this, and I’m not leaving."- Michael Moore #OCCUPY

[Tippy]

7. Must add my thanks to Krugman....Now if we could only make others understand

...to see what Pauls see's....If the good guys keep it up I am sure a lot more targets will be painted on economist...backsby the truly crazy's of the world...

[raccoon]

8. k&r. nt

[Electric Monk]

9. K&R

[jpak]

10. K&R

and LOTS of Americans "get it" too

[Matariki]

11. Excellent.

[Buns_of_Fire]

12. Anything that pisses off the likes of slimy little Eric Cantor, is, prima facie, A Good Thing.

You know how sometimes you just take an instant dislike to certain people even before you have a good reason to? To me, that's Eric Cantor -- a wedgie magnet if there ever was one.:mad:

[Electric Monk]

13. +

[Selatius]

14. They're fucking irritated, but I wouldn't say they were panicking ... yet.

They'll really panic when people start electing Democrats like those during FDR's time and finally another president like FDR.

It is when they see that happening that they'll really get angry, and they'll throw heaps of hate upon the new president the same way they did with FDR, and if the worst happens, they will launch a new Business Plot to overthrow the president.