Tuesday, July 15, 2008

It Begins (William Grigg)

William Grigg writes on the ongoing economic collapse and the exceedingly stupid bailout of Fannie and Freddie, for which he provides interesting parallels to the sad episode known as the 1862 Sioux Uprising. An excerpt:

I don't know what it says about the way my mind is wired, but I was driven to reflect on the 1862 Sioux Uprising by the news that the Regime plans to bail out Fannie Mae and Freddie Mac. Perhaps that's because few if any institutions so perfectly embody what Crooker, as quoted above, described as "the cohesive power of public plunder."

Then again, perhaps it's because I sense dynamics at work today similar to those that led up to the rampage: Crop failures, an increasingly impoverished population (Americans, burdened with debts much larger than they realize, are actually poorer than 19th Century Indians), a federal government entirely uninhibited by law and utterly brazen in deploying its power on behalf of the politically connected uber-rich, at whatever expense to the rest of us. Or maybe I'm just looking for an excuse to get my Little Crow freak on.

However the connection was made between that 19th century tragedy and the one unfolding today, there is one unambiguous theme binding them together. The Official Message now, as it was then, is this: The Important Persons Who Matter will be taken care of; those of you who are mere people can eat sh*t and die, for all we care.

Read the rest (as usual, it is well worth the read!)

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