Attacking the poor as the answer to the Wall Street - TopicsExpress



          

Attacking the poor as the answer to the Wall Street crash? These attacks on the poor, rather than on poverty, are not peculiar to Tennessee. In fact, similar concepts circulate among political and policy elites in Washington. For Ayn Rand acolytes, Wall Street’s reckless, greedy casinos couldn’t possibly be the real reason the economy crashed. After all, the rich get rich because they are terrific at what they do. We should reward these creators, not blame them for their foresight, their ingenuity and their obvious success. The blame instead should fall on the poor — the takers — and on the collectivist government liberals who cater to them. Didn’t the government force banks to put unqualified poor people in homes they couldn’t afford? (It doesn’t matter that the data shows that low-income buyers who gained loans through the Community Readjustment Act didn’t default in higher numbers than anyone else. The idea of blaming the poor has power.) Blaming low-income people for chronic unemployment is the next move. As the rate stays stubbornly high (precisely because all Republicans and even a few Democrats don’t want the government in the business of job creation) we hear talk of “structural” unemployment. That’s code for the jobs would be there if only the workers were qualified. But you know, those lower-income workers just don’t have the skills and work habits to compete in our globalized economy. Even older middle-class workers are hopelessly out of date. So there’s really nothing government can do about it. The final twist is to claim that the richest country in human history doesn’t have the means to eradicate poverty. Instead, we are told, rising debt is forcing us to tighten our belts — rather, we need to tighten the belts of the poor by TAKING AWAY a few more dollars from Medicaid and Social Security. - LES LEOPOLD
Posted on: Sun, 21 Dec 2014 03:56:31 +0000

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