Larry Bradley's Weekly Ezine Number 56 Who's to Blame?
1. Who to Blame?
2. Iowa Supreme Court Legalizes Gay Marriage
1. Who to Blame?
The consternation over our financial crisis, along with our search for the ultimate culprit, continues. Something seems to reside in the human psyche whereby assignment of blame has a settling effect. As a side effect, humans want to blame someone other than themselves and/or the people or organizations they have loyalty to.
So we have Republicans blaming Democrats and vice versa, ad infinitum, while we voters try to decide who to believe.
The reality is both these players are to blame. If blame were apportioned fairly, then the percentage split would probably be in the range of 60-40. This is, of course, nowhere near the 100-0, 90-10 or 80-20 viewpoints so common on talk shows today.
Maybe now would be a good time to review the bidding.
Despite philosophical differences, one commonality exists between both Republicans and Democrats—they both need money to fund their national election campaigns. A significant source of those funds has been Wall Street bankers. (This is what David Cay Johnston refers to in his books as the "Political Donor Class".) In order to keep campaign funds flowing, more and more concessions have been made to the desires of those bankers. The experts seem to agree the key concession enabling today’s crisis was . . .
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