RSS Feed
Twitter
Facebook
Email
HomeHave Americans Moved From Outrage to Resignation?
Posted by Larry Doyle on September 8th, 2010 6:09 AM |
The human spirit is not physically or emotionally able to maintain a heightened sense of acuity for an extended stretch. Although periods of stress or pain will cause sharp responses, eventually the human body is forced to accept the pain and learns to mask it. In the midst of our current economic crisis, I believe this distinct reality is setting in across our land. Let’s rewind the tape and review the developments which emanated on Wall Street and then plundered Main Street.
Fall 2008 brought us absolute shock, awe, and disbelief as the markets careened lower and the economy suffered a ‘heart attack.’
Throughout 2009, the shock wears off and America’s rage burns as people become fully aware that the banks, our regulators, and ultimately our government all failed us. While there are those on both sides of the aisle who would malign the opposition, the fact is both Democrats and Republicans are guilty of not properly defending the American citizenry against the plundering of our financial system. I captured this sense of rage in two specific commentaries: (more…)
A Windfall Profit Tax for Wall Street?
Posted by Larry Doyle on January 12th, 2010 8:42 AM |
The American taxpayer bailed out Wall Street. How does Wall Street return the favor and refund the American taxpayer? Why is Washington pursuing this topic now? The Washington establishment feels the beating pulse of rage from the American public.
I guess it would have been too much to expect the Washington crowd to proactively address the topic of repayment from its incestuous partners on Wall Street. In fact, we should expect to hear the Wall Street establishment bellow that they have paid back the TARP funds and that should be sufficient. Wall Street should not be so naive. The American taxpayer bailed out the entire industry as much as it bailed out any single specific firm. Washington should not be so cute in structuring a repayment program where the costs are conveniently passed along to the American public. American taxpayers should not be easily placated. (more…)
John McCain Gets America’s Rage
Posted by Larry Doyle on November 23rd, 2009 3:45 PM |
Who does not respect John McCain? Despite what one may think of McCain’s political views, his personal character and courage are unquestioned. His “straight talk express” did not carry him to the White House, but it gained him the respect of many people from both sides of the aisle.
Today, Senator McCain shares a recent experience which highlights the rage boiling in America at this very moment. The Wall Street Journal provides a forum for McCain in a CEO Council Report entitled, “How to Rebuild Global Prosperity.” I thought so highly of this entire report that highlighted it in the Newsworthy section of Sense on Cents.
I thank The WSJ for producing such a comprehensive report, and I welcome sharing Senator McCain’s thoughts and opinions which were included in the Economy and Finance section of the report:
JOHN McCAIN: I’d like to tell you what I think is happening in Arizona and across America.
I have never seen anything like I am seeing in America today. My home state of Arizona is the second hardest-hit state. We have real unemployment around 17%. The level of anger and frustration and the anger is directed at what we do in Washington and what you do on Wall Street. (more…)
