What follows is an email I got from a regular reader that touches on both these subjects. It's pretty clearly on the apocalyptic side, and I don't necessarily agree with all of it. But it seemed like it was worth reprinting, if only to spur some reaction. I hope he's all wet. I fear he probably isn't.
One of the things that shocks me is that the liberal blogosphere has been deadly silent about the massive bailout of bankers that is taking place with taxpayer money, and fueling the collapse of the dollar. Where's the outrage? What we're seeing is a classic example of "Privatize the gains during the boom — e.g. hand out $30B+ in Wall Street bonuses each of the last several years — and socialize the losses during the bust." But for this to be taking place in the context of a financial apocalypse among the American middle class (9m families currently have negative equity in their homes, and prices in all likelihood have much further to fall) strikes me as bordering on criminal. Why aren't the Democrats demanding the re-regulation of Wall Street and the reining in of compensation in the finance industry as quid pro quo for these bailouts?