Tom Toles for June 03, 2018

Feudal corporatist elitists and Wall $treet bank$ter$ — the ones Thomas Jefferson* described as the “new aristocracy” to replace the hereditary monarchy they had recently overthrown — hate public policy oversight for the same reason the thug in the alley hates cops on the beat.

Exactly the same reason, just on a different scale.

Use a gun, rob a bank. Use a bank, rob the nation.

*Thomas Jefferson on the rise of corporations, a relatively new phenomenon in his time: “I hope we shall crush in its birth the aristocracy of our monied corporations.” (Letter to George Logan, November 12, 1816 [full text of letter can be provided if questioned]. The letter, with a sentiment also echoed in his letter to John Taylor, May 28, 1816, goes on to compare the corporate elites to a new form of monarchy.)

The Republican Party – because one Great Depression just wasn’t enough!

Remember when the “Conservatives” were conservative? Maybe this time we won’t bail them out when it fails?

But, it’s bound to work this time. Just like Trickle-down economics . . .

Great WaPo article, The-latest-blow-to-struggling-family-farms-rising-interest-rates. Farm bill killed by Nafis because some food stamps go to non-whites. Suddenly worried about deficit. Might just be another way for Mega Agra to eliminate competition.

“Corporations have been enthroned in high places and an era of corruption is at hand!”

It will be so much fun to pay the banks back after they crash the world economy again, thanks Republicans!

That is if there is any money left after the Republicans borrowed Trillions to give Billionaires unneeded tax breaks.

The wealth of billionaires grew by 24% in 2017, how much did your wealth grow?

One year the CEO of the company for which I worked got a 17% raise. The rest of us got 2%.

The economy was flying high with Bush/Cheney until they almost declared bankruptcy. We are on the same road, we can do this and won’t it be great, after all, it’s what Trump does.

Speaking from the left, I would say that there’s lots of evidence that the market is very often the best economic structure—not for everything—not for health care, for instance, but for most goods and services. But I would say that there’s also lots of evidence that the market must be regulated. Good strong banking regulations are absolutely necessary. It’s just a crime that the banking regulations are being pulled back.

For those wondering why any Democrats are voting for this bill, it’s because it provides needed regulatory relief for smaller, rural banks that their constituents rely on. Even the likes of Warren & Sanders agree with that truly small banks & credit unions need some relief. The Democrats from flyover country know it’s a lousy bill, but think it could be much worse & don’t want to lose their seats for a ‘No’ vote.

I don’t agree with their political calculation, but I’m not inclined to pay much heed to far-left urbanites who can’t be bothered to understand the issues & just want to attack Democrats.

The idea is to take your money out of impersonal giant banks and put it into local credit unions that serve the community.

ah . . . the old you can trust us approach that has worked so well in the past

I’m saving this one to post on forums after the crash — with the date first published.