Joseph Palermo: Out in the real world people are showing a spirit that hasn’t been around since the 1930s; a genuine feeling of solidarity like we’re all in it together and to hell with the elites that stand in our way. The illegitimacy of a rigged economic system is beginning to sink in.
Joseph Palermo: The last-minute lobbying by the titans of industry and finance shows that President Obama might have had more leverage over the Republicans in the debt ceiling “negotiations” than he chose to exercise. We now breathlessly await the arrival of the “Super Committee,” the tragedy that follows the farce.
Joseph Palermo: The debt ceiling gambit that Republicans in the House of Representatives have used to tie the U.S. government in knots in recent months is simply the California GOP’s tactic writ large.
Joseph Palermo: Jerry’s triangulating. He’s aligning himself with the Republican minority in forging a path forward out of California’s deep crisis.
Joseph Palermo: It’s kind of funny when we see Republican presidential candidates like Mitt Romeny, Tim Pawlenty, and Newt Gingrich pandering to the “little guy” denouncing “elites” who are trampling on their rights only to remain mute on the fact that their beloved Republican Supreme Court never, ever rules in favor of the “little guy.”