Taibbi: This Presidential Race Should Never Have Been This Close
Four years ago, we had an economic crash that wiped out somewhere between a quarter to 40% of the world’s wealth, depending on whom you believe. The crash was caused by an utterly disgusting and irresponsible class of Wall Street paper-pushers who loaded the world up with deadly leverage in pursuit of their own bonuses, then ran screaming to the government for a handout (and got it) the instant it all went south.
These people represent everything that ordinarily repels the American voter. They mostly come from privileged backgrounds. Few of them have ever worked with their hands, or done anything like hard work. They not only don’t oppose the offshoring of American manufacturing jobs, they enthusiastically support it, helping finance the construction of new factories in places like China and India.
They’ve relentlessly lobbied the government to give themselves tax holidays and shelters, and have succeeded at turning the graduated income tax idea on its head by getting the IRS to accept a sprawling buffet of absurd semantic distinctions, like the notions that “capital gains” and “carried interest” are somehow not the same as “income.”
The people in this group inevitably support every war that America has even the slimmest chance of involving itself in, but neither they nor their children ever fight in these conflicts. They are largely irreligious, rarely if ever go to church, and incidentally they do massive amounts of drugs, from cocaine on down, but almost never suffer any kind of criminal penalty for their behavior.