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September 25, 2008

Socialism for the rich

Spengler on the bail out.

If America is to adopt socialism, why not have socialism for the poor, rather than for the rich? Why should American households that earn $50,000 a year subsidize Goldman Sachs partners who earn $5 million a year?

Believe it or not, there is a rational explanation, and quite in keeping with America's national motto, E pluribus hokum. Part of the problem is that Wall Street, like the ethnic godfather in the old joke, has made America an offer it can't understand.

By contrast with the grasshoppers of America; Dita Von Teese, an ant.

Posted by Ghost of a flea at September 25, 2008 11:32 AM