Old home week Jamie Dimon and the politicians he buys

Insightful by Thomas Frank.

Two Quotes from Thomas Frank on this melancholy day

From What's a matter with Kansas:

"Like a French Revolution in reverse-one in which the sansculottes pour down the streets demanding more power for the aristocracy-the backlash pushes the spectrum of the acceptable to the right, to the right, farther to the right. It may never bring prayer back to the schools, but it has rescued all manner of rightwing economic nostrums from history's dustbin. Having rolled back the landmark economic reforms of the sixties (the war on poverty) and those of the thirties (labor law, agricultural price supports, banking regulation), its leaders now turn their guns on the accomplishments of the earliest years of progressivism (Woodrow Wilson's estate tax; Theodore Roosevelt's antitrust measures). With a little more effort, the backlash may well repeal the entire twentieth century."

"For decades, Americans have experienced a populist uprising that only benefits the people it is supposed to be targeting.... The angry workers, mighty in their numbers, are marching irresistibly against the arrogant. They are shaking their fists at the sons of privilege. They are laughing at the dainty affectations of the Leawoof toffs. They are massing at the gates of Mission Hills, hoisting the black flag, and while the millionaires tremble in their mansions, they are bellowing out their terrifying demands. 'We are here,' they scream, 'to cut your taxes.” 

Supposedly Nero fiddled as Rome burned. Enjoy the ride down.

"Pity The Billionaire": Thomas Frank on the "Unlikely Comeback of the Ri...

Another way that I heard is you can't tax billionaires because you can't punish success so we should just keep feeding them tax cuts.

"Pity The Billionaire": Thomas Frank on the "Unlikely Comeback of the Ri...

Excellent interview with Thomas Franks and John Nichols.