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    • Week-end Wrap – Political Economy – December 15, 2019
      Week-end Wrap – Political Economy – December 15, 2019 by Tony Wikrent Economics Action Group, North Carolina Democratic Party Progressive Caucus Strategic Political Economy The Economy of Evil [Historicly, via Naked Capitalism 12-11-19] Benito Mussolini became Prime Minister in October 1922. Nazis rose to power in 1933 in Germany. Mussolini convened a meetin […]
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The Jews conduct a crafty battle against OccupyWallStreet

Just like Joshua and his rag tag band of travel weary Israelites, they took on OccupyWallStreet.  Their weapons were a handful of palm fronds and their clever disguises.  Like cats stalking their prey, they snuck up on the unsuspecting, shoving their palm fronds in faces and conducting a mic check prayer in Hebrew.

They were bold and unafraid.

But the walls of Zuccotti park did not come tumbling down, er, because the occupiers seemed to be totally cool with it?

Anti-semitism?  Hardly.  It’s difficult to imagine people more Jewish than Hasidic Jews.  But this is part of the smear campaign against the Occupiers.  This one seems really silly but suggests that some Fox News types are starting to ever so slightly sympathize with the plight of the 99%.  It would be hard *not* to sympathize with them, but we know that some Glenn Beck afficianados have hearts that are even more microscopic than the Grinch’s.  Nevertheless, the message of economic injustice must be penetrating even unto them.

But Fox News knows that there is nothing that will snap its viewers back than a cold splash of anti-semitism because the evangelical Christians have some bizarre narrative about how the Jews in Israel must be converted to Christianity before the Rapture will come.  (As if that’s not anti-semitic)  And what better way to demonstrate that the occupiers hate Israel than sending a few skinheads to the park, right?  They can’t possibly have shown up on their own.  The occupiers aren’t really into irrational hatred.  But Fox News knows how to excite an audience.  Hire a few.  They don’t have to be ignorant anti-semitic bigots.  They just need to play one on TV.  Tell them to hang out by the information table.  Better yet, send some really bizarre types with tattooed faces.  Make them look menacing.  Oh and while you’re at it, make little old ladies in NY City feel like the protestors are taking away the cops who keep them from being mugged on the street and killed in their beds.

How do I know conservative operatives are paying weirdos to show up at Occupy events?  I don’t but I would if I were trying to discredit my enemy.  The occupy events are open to the public, any public.  You can walk right in there and set up shop and say whatever offensive thing you want even if it had nothing to do with economic injustice or the 99%.  Are you kidding me?  It’s the perfect rat-f%^&ing opportunity.  I’d like to see them deny it.  Over and over and over again.

By the way, are the cops getting overtime for holding the rabid Nazi occupiers at bay?  Because Christmas is coming up…

Well, we knew it would only be a matter of time before the knives came out to murder this movement in its infancy.  We can’t have people banding together to fight off the bondage to a powerful oligarchy.  That would be too biblical.

And the last thing we need is something like this:

Friday: A sensitive subject

Dakinikat says this cartoon by Thomas Oliphant of the Boston Globe reminds her of something:

Mr. Oliphant should expect to get long, lecturing letters about the Holocaust, which he obviously has never heard of.

In other news:

  • The NYTimes still hates Kirsten Gillibrand.  Now they are highlighting the work she did as a young attorney working for a firm representing Phillip Morris.  Look, guys, this personal vendetta you have against Gillibrand is getting ridiculous.  Caroline Kennedy didn’t get the job.  Give it up already.  Those who want to help Gillibrand out can contribute here.
  • Paul Krugman (why aren’t you in the administration?) writes about where the finance industry went rogue on us in The Market Mystique.  He knows what I described the other day is probably true: The MBA Lifestyle was born and exploded onto the scene in the 80’s.  He also thinks we have to get rid of it:

As you can guess, I don’t share that vision. I don’t think this is just a financial panic; I believe that it represents the failure of a whole model of banking, of an overgrown financial sector that did more harm than good.

I don’t think the Obama administration can bring securitization back to life, and I don’t believe it should try.
Much discussion of the toxic-asset plan has focused on the details and the arithmetic, and rightly so. Beyond that, however, what’s striking is the vision expressed both in the content of the financial plan and in statements by administration officials. In essence, the administration seems to believe that once investors calm down, securitization — and the business of finance — can resume where it left off a year or two ago.

To be fair, officials are calling for more regulation. Indeed, on Thursday Tim Geithner, the Treasury secretary, laid out plans for enhanced regulation that would have been considered radical not long ago.

But the underlying vision remains that of a financial system more or less the same as it was two years ago, albeit somewhat tamed by new rules.

Now, if we could only get people like Paul to acknowledge that taxpayers have a right to protest instead of submitting quietly while the intellectuals and academics write sternly worded columns, maybe we could turn this baby around…


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