Matt Taibbi and Polemic Journalism?

Matt Taibbi and Polemic Journalism?


Paul Jackson appears to be saying that Matt Taibbi is wrong about banksters because TARP bailed out the auto industry and the US taxpayers, it has been claimed, and been paid back all of the money lent to the banksters, etc.: Matt Taibbi, and polemic journalism in the modern era | REwired.

The only thing I agree with is that Taibbi is a foulmouth. I'd say gratuitous, but actually he's selling. The f-word is part of his profit center. Fortunately for us, he avoided it this time: "The federal rescue of Wall Street didn't fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come."

Let me say that the damage to the US taxpayers caused by the subprime deregulation/non-regulation disaster has not been paid back. Only a complete moron would think so. Under the current banking system, the only way the US taxpayers can be paid at all is via the sweat (more sweat) of their own labor off which the parasitic banking class leeches via usury/interest including via Federal Reserve Notes (which all carry an interest burden designed to further enrich the banksters and which interest is and always has been utterly unnecessary to a sound economy).

Now, read this about Neil Barofsky mentioned in Paul Jackson's pro-bankster propaganda piece: "Troubled Asset Relief Program and Special Inspector Generalship."

Watch Elizabeth Warren ask about bankers and banking while Timothy Geithner focuses on the auto industry, Fannie and Freddie, and AIG to the complete and very deliberate exclusion of addressing the finance capitalists of Wall Street:

Then read Yves Smith's article ("Schadenfreude Alert: With or Without AIG's Help, Hank Greenberg Plans to Torture Treasury and Geithner") to see the unmitigated greed of the finance capital class of Wall Street against the Main Street American taxpayers who were forced and duped into bailing out the banksters who have done nothing but further enrich themselves and are now calling for the total gutting of the Welfare State set up to protect the middle and lower classes from the greedy predators.

See also my post: Fed is Audited. So What? Abolish it!

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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