Another Bailout. I'm Shocked.

Same song as before. When the big dogs need to get bailed out the cries of moral hazards or inflation or whatever are drowned out by "won't you think of the millionaires"? Furthermore, it is followed by cries that any talk of letting the superrich feel the whip of harsh capitalism is akin to wanting to eliminate the kulaks. 
Right. 


Because they change their tune when it's time to bail anyone out who isn't rich enough for their dinners. 
And note that they have, again, done this after pulling regulations (are these regulations coming back? Even if we blame Trump for pulling them, we can blame Biden for not putting them back). 



Happened in 08, 20, and now 23. 
And it ain't over yet. They're already blaming wokeism (BJG with a beautiful moment [1]where she asks someone to define it and... just like cancel culture, no one can define it at all). And like before they'll blame a few other weak groups before it's over (but only after their bailouts are through, then they attack like the viscous beasts they are... because capitalism or something). 
Makes one's head spin, right? Just another rerun. How does one deal with it? How do you?
But for this one, I'll go ahead and send you to Doctorow. He nails it all. And has this great point:

But they're missing it in a useful way. Like any weird sign, these bad takes teach us a lot about how the people who utter them model our own beliefs. They think that people like smart gadgets. They think that we don't want the finance sector reformed. They think that we're motivated by schadenfreude, which means that they also think we've forgotten about broken student debt promises, about robosigning and the foreclosure epidemic. They think we are fully onboard with rugged individualism for the poor and socialism for the rich.

These bad takes reveal a profoundly out-of-touch elite, the spiritual descendants of the French aristos who went to the guillotine with sincerely baffled hearts, unable to imagine why anyone would be this angry at them.

[1]note how this person comes for BJG for calling out a centrist for being full of 💩. She calls her a propagandist etc when the people she has hosted aren't Russian or propagandists. I'll also say that this is the same for all the wars our elites want (and even if some of the GOP is against our current Ukrainian war, they want to focus on China... like the dems saying let's leave Iraq and focus on Afghanistan 10 years back... that was wrong too btw): call anyone who doesn't back it a person for the other side. It boggles the mind to see it repeated over and over, tbf. When the war goes bad, then you can blame a few people for a wrong decisions (bonus points to blame those who didn't back it as somehow having the power to derail it all) but never the overall idea of the war. And never punish anyone who backed the war with something like consequences of their actions... a little like the bailout situation. 
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