Tuesday, July 28, 2009

The Thoughtless and Reckless [AKA The Mindless Mob] are taking over

KUNSTLER: Actually, it’s not necessary for the whole general public to be fed up with this situation. According to the Pareto 80-20 rule, it only takes one-fifth of the public to set social actions in motion, and only one-fifth of that one-fifth to do the heavy lifting. I think we’ve reached that point. The sentiment is now overwhelmingly tipped against Goldman Sachs (and Wall Street generally) and the only questions are whether the President of the US ends up lumped in with them, and whether we’ll see orderly prosecutions or disorderly persecutions.

SHOOT: It's happening here in South Africa. Why? Because no one else is. No one is demonstrating leadership honestly and in a steadfast manner when people are clamouring for it. Reality is going to manifest to incite even further disorder, and by then, the truth will come too late. This is what this blog has been based on - preparing the masses for the inevitable. But you can diss the alarm clock when it goes off for being 'alarmist' can you?

KUNSTLER: The trouble is, if the thoughtful and trustworthy members of the “Pareto 20 percent” don’t stir themselves into action over Goldman’s behavior, then sooner or later the thoughtless and reckless will take over.
clipped from www.kunstler.com
As we turn the corner toward autumn, President Obama looks increasingly like a dupe, a tool, or a co-conspirator of Goldman Sachs.  If he doesn’t instruct the Justice Department to commence investigations of the company, and if he doesn’t dissociate himself from their alumni hanging around the White House, the Treasury Department, and elsewhere in the government, he’s going to become the object of an awful public wrath.  Obama has no other choice at this point except to clean house – to fire Larry Summers, Robert Rubin, Tim Geithner, and all other former Goldman Sachs employees in positions of power and influence around him.
At this point, it even begins to look as though Mr. Obama is taking cover behind the health care reform debate to avoid answering for his government’s association with Goldman Sachs.
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