Joseph Palermo: The massive trading and swapping of Collateralized Debt Obligations (CDOs) and other abstractions cooked up by the fertile minds of sociopathic Wall Street “traders” not only did nothing to lubricate the real economy through financial intermediation, but they helped bring down the entire system and cost taxpayers hundreds of billions of dollars.
The bigger our population and the better educated, the worse the discrepancy between all of us who could help decide – and the few who are given (by election or appointment) all the power to decide. We have far less democracy now in any one of our states or large cities than did the American colonies which in 1776 revolved against taxation without representation.
While the health insurance industry’s immoral, amoral and, sometimes, illegal treatment of policyholders is an appropriate prime culprit and target in the current push for reform, the fact is that physicians, hospitals and drug companies are getting an undeserved pass by much of the media.
The conflict between The Big Lie and The Big Truth is really about which side can repeat its points most often. It’s an endurance contest. With so much at stake when it comes to issues like health insurance reform and Middle East peace, now is no time for the side of truth to quit.
As the GOP and their allies have concluded that all is fair in their attempts to either destroy health care reform (of any kind) and/or gain political leverage against a popular President, I am feeling the need to don a bullet-proof vest.
The “town meetings” that are now spewing such anger reflect deepseated fears that are welling up across America during this economic crisis. Healthcare reform may ease some of these fears. But the demagogues that are manipulating those fears for political gain don’t give a hoot.