this has been a soft cushy recession for the super rich.
And thanks to the recent election of a vast horde of witchburners and book worshippers to the US House, it is likely gonna become an even easier recession.
Unfortunately, the incoming congress has a believe in the universal efficacy of huge tax cuts on the rich that is only rivaled by their belief in the sovereign power of moonlit stump water to cure warts.
When it comes to public finance we can look forward to a lot of grotesque magical thinking for at least the next two years.
These are politicians who think that the government ought to fear "the people" as long as they retain their first amendment rights. Of course the ranks of the super-rich laugh at the armed and debt ridden lower classes for as long as their ire is aimed at the NEA and Barack Obama they can look forward to sunny skies now and forever.
It would do us all some good if the overclass went to bed just a bit worried...but trust me, with this congress that ain't gonn happen.
No comments :
Post a Comment