Tag: the ruling elite

Clenis:

April 18 (Bloomberg) — Former President Bill Clinton said he should have pushed for regulation of financial derivatives when he was president, rejecting the advice of top economic advisers Robert Rubin and Larry Summers.

The argument was that derivatives didn’t need transparency because they were “expensive and sophisticated and only a handful of people would buy them,” Clinton said on ABC’s “This Week” program. “The flaw in this argument was that first of all, sometimes people with a lot of money make stupid decisions and make it without transparency.”

Then I wuz double-punked by W’s lax regulators.

I wuz also punked by NATO on Yugoslavia, punked by Madeleine Albright on Iraq sanctions, punked by the fucking French on Rwanda, punked by an earthquake in Haiti….

Also, Alan Greenspan: Still a lying sociopath after all these years.

I’m morphing into a radicalized commie by the minute anymore.  The mentality of our public officials regarding their responsibilities to society shows a utterly staggering disregard for the lower classes.  The editor of the SF Bay Guardian, Tim Redmond, is equally incredulous at the world view of our ruling elites in the barking-mad basket case that is California:

The absolute most stunning statement of how messed up the state of California is emerged last week from the state director of finance, explaining why the proposed budget cuts fall so heavily on services for the poor. Let me quote directly from The New York Times:

“Government doesn’t provide services to rich people,” Mike Genest, the state’s finance director, said on a conference call with reporters on Friday. “It doesn’t even really provide services to the middle class.

“You have to cut where the money is,” he added.

Um … government doesn’t provide services to rich people? What about, say, the roads they drive on, and the airports they fly in and out of? What about the vast sums the state spends putting out fires that threaten wealthy enclaves in Southern California? What about the public education system, which trains workers for businesses? What about the entire criminal justice system, which exists to a significant extent to prevent poor people from taking rich people’s money?

Do you think Sergey Brin and Larry Page would have become Google billionaires if the Internet – developed and paid for by the government – didn’t exist?

(Emphasis supplied)