Where was the Tea Party movement when the tax burden was shifted from the high end to the middle? Where were the patriots when Wall Street, backed in Congress by Senator Phil Gramm of Texas, rewrote securities laws so that the wonder boys of Lehman and A.I.G. could reduce home mortgages to poker chips at a trillion-dollar table?Howie P.S.: These questions come from Egan's op-ed,"Working Class Zero." Egan lives in Seattle.
Where were the angry “stiffs” when the banking industry rolled the 2005 Congress into rewriting bankruptcy law, making it easier to keep people in permanent credit card hock?
Where were they when President Bush started the bailouts, with $700 billion that had to be paid on a few days’ notice — with no debate — to save global capitalism?
Friday, September 18, 2009
Three Questions from Timothy Egan
Timothy Egan (NY Times op-ed):