9.14.2010

Probably belongs on the list

Wall Street's Mercenaries Ride Donkeys | War Is A Crime .org

Robert Scheer's new book "The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street," is not yet another account of how we got robbed or "why the economy imploded for dummies." If you're like me, you just didn't need another lesson in how swapped collateralized debt obligation derivative tranches didn't really make the pie higher. Scheer's book is something else: a straightforward broad-view account of the past thirty years focused on who did the robbing.

Here's the short answer that Scheer provides: Reagan announced the robbery but couldn't pull it off. Clinton robbed us blind. Bush Jr. and Obama drove the get-away car, with Obama disguised as a security guard.

And there is, of course, much more.

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