It's really interesting that we've had this great Tea Party movement that is all about restoring free market capitalist values, but what they completely fail to understand is that what we've got now is a situation where there is a small class of gigantic financial companies that have put themselves above capitalism.
Matt TaibbiIt would be inaccurate to say the Tea Partiers are racists. What they are, in truth, are narcissists.
Matt TaibbiIn other countries they have histories with revolutions and class movements. In America, people don't like to think of themselves like being in a lower class. They all like to think of themselves as potential millionaires.
Matt TaibbiIt's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.
Matt TaibbiComparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.
Matt TaibbiThis story is the ultimate example of Americanโs biggest political problem. We no longer have the attention span to deal with any twenty-first century crisis. We live in an economy that is immensely complex and we are completely at the mercy of the small group of people who understand it โ who incidentally often happen to be the same people who built these wildly complex economic systems. We have to trust these people to do the right thing, but we canโt, because, well, theyโre scum. Which is kind of a big problem, when you think about it.
Matt Taibbi