KRUGMAN: Wall Street "LOSING THEIR IMMUNITY"

[kpete]

Krugman this morning, in Monday’s NY Times…

Losing Their Immunity
Paul Krugman
NY Times
October 17, 2011

…Money talks in American politics, and what the financial industry’s money has been saying lately is that it will punish any politician who dares to criticize that industry’s behavior, no matter how gently — as evidenced by the way Wall Street money has now abandoned President Obama in favor of Mitt Romney. And this explains the industry’s shock over recent events.

You see, until a few weeks ago it seemed as if Wall Street had effectively bribed and bullied our political system into forgetting about that whole drawing lavish paychecks while destroying the world economy thing. Then, all of a sudden, some people insisted on bringing the subject up again.

And their outrage has found resonance with millions of Americans…

THE REST:
http://www.nytimes.com/2011/10/17/opinion/krugman-wall-street-loses-its-immunity.html

[pnorman]

1. K & R for Krugman!

n/t

[Kablooie]

2. They seem to think that financial friendly politicians will make the protests go away.

The idiots don't realize that politicians siding with Wall Street is the whole reason that OWC exists in the first place.

The more they buy up Washington, the bigger, and more angry to protests will become.

I guess they figure they can buy a Tiananmen Square type action against the people and then it will all go away.


Blind.