A portion of my analysis of the 'Day After The State Of The Union" was focused upon "right-wing talk radio" and the financial press.
While my line of thinking on economics is closer to theirs than to that of an "Occupier" they are guilty of being the bookend of the "Social Justice Raider Of The US Treasury" that must be guarded against. The "Corporate/Military/Wall Street Raiders Of The US Treasury" seek to use the federal treasury as their play toy in a manner that is ultimately no different than those on the extreme left. Those who are interested in protecting the long term fiscal viability of this nation (too late) would be wise to keep them out of the bank vault as well.
Thus the criticism of the "right wing" response to President Obama's State Of The Union speech.
While they are good at putting down the "confiscatory spirit" that "Obama's Base" has - a point that I agree with - they are loathed to talk about the RESENTMENT that is aroused as the hijinx and outright fraud that their capitalistic friends have committed at the expense of the federal balance sheet.
"They should have been allowed to fail" is not a sufficient cover for what actually happened.
I am fully aware of the spirit that desires to have the central government issue punitive regulation. This is seen as the only means to control those capitalistic forces from executing upon their own self interests AND to extract money from the marketplace that those on the outside have failed to order their own resources that would allow them to make a valuable product for sale on their own.
When the same forces who resist regulation also are seen failing to pressure their peers to remain operating withing certain boundary of ethics and transparency - the "industry self regulation" that was advocated is shown to be less powerful than the selfish interests that caused the observers to turn the other way.
The issue of Obama's race as the driving factor of their opposition is no more powerful of a force than what is seen by Black progressives who latch Black development dreams to the Obama Administration's success - looking past the shortcomings that damage us AND the White Progressives who, in the context of the fight with their Conservative "womb-mates" make use of claims of racism/sexism/homophobia/etc as a bludgeon in the field of play. Most of the time these merely are a cover for their own hatred in kind.
This is all about POWER and MONEY. PERIOD!!!!! These other points are merely vectors of indictment.
Those who feel that they are out of power as the corporations are able to unilaterally change interest rates on their credit cards even though you have paid them monthly as you ran up a balance on a 9.99% low rate card during the days of "easy credit". Despite holding up your side of the agreement as a customer - that "fixed rate card" turned out to be not so fixed. Just because the bank's risk exposure tolerance has changed - their strong fisted move - changing the terms in mid-session - is bound to push some consumers over the edge.
"Its your own fault for buying stuff on credit" does not quite address the issue. When a part of your purchasing decision was that the "cost of money" was 9.99% and then the terms change to 17.99% because the bank has changed its risk management policy - this translates in to thousands of dollars in more money paid to service the debt.
While I believe that most of their aspirations should be produced at a more local level where they have more control over the institutions the grievances that are expressed after watching the Corporate Treasury Raiders has at least some merit.
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