Cliff Mason has a short but sweet article on CNBC.com about the real class war:
When it comes to the real class war, the stuff that matters, not just optics about CEO earnings, the rich are thrashing the rest of us, just like they always do.
It’s class war when Washington passes a $700 billion TARP bailout for Wall Street with feverish haste, but struggles to pass an $800 to $900 billion stimulus package for everybody else.
Think about that for a second.
Bail out the banks, no problem! But give a helping hand to poor, working class, and middle class people? That we have to debate endlessly. Washington knows how to bail out the rich, but our incredibly popular President is having trouble bailing out the other 99% of the country.
That, my friends, is class war. And it’s so institutionalized that we don’t even realize it’s going on. The establishment in this country is so tilted in favor of the folks at the top, that we scream “socialism” when executives at banks that have taken billions of dollars of bailout cash from the government because they ran their companies into the ground aren’t allowed to earn more than $500,000 a year.
Emphasis added. I’m less amazed that bailing out the rich is easy while bailing out the rest of us isn’t and more amazed by the fact that so many of “the rest of us” agree that’s how it should be. When you look at how many members of the Republican party aren’t obscenely wealthy rich people, but rather poor-as-dirt Walmart workers that are voting against their own self-interests, it boggles the mind. The average American has been taking it up the ass for so long they don’t even notice it anymore.