Glenn wonders why our media is puzzled by OWS anger [UPDATE: another obscene headline]
and offers this headline from today's nyt as a possible reason...
glenn further observes...
those big headlines touting more obscene profits for corporations, especially those that were bailed out by our money, are enough to make anybody see red...
[UPDATE]
this is really poor timing to be announcing third-quarter earnings...
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Citigroup Earnings Rise 74% to $3.8 Billion
glenn further observes...
Americans in particular have been inculcated for decades with the belief that even substantial outcome inequality is acceptable (even desirable) provided that it is the by-product of fairly applied rules. What makes this inequality so infuriating (aside from the human suffering it is generating) is precisely that it is illegitimate: it is caused and bolstered by decisively unfair application of laws and rules, by undemocratic control of the political http://www.blogger.com/img/blank.gifprocess by the nation’s oligarchs, and by a full-scale shield of immunity that allows them — and only them — to engage in the most egregious corruption and even criminality without any consequence (other than a further entrenching of their prerogatives and ill-gotten gains).
those big headlines touting more obscene profits for corporations, especially those that were bailed out by our money, are enough to make anybody see red...
[UPDATE]
Wells Fargo Earnings Rise 21%, to $4.1 Billion
this is really poor timing to be announcing third-quarter earnings...
Labels: Citigroup, elites, Glenn Greenwald, immunity, income gap, media, Occupy Wall Street, super-rich, Wells Fargo
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