Effrontery.

[underpants]

CORRESPONDENT OF THE DAY

Published: December 9, 2008

Apparently, It’s All The Fault of Poor People

Editor, Times-Dispatch:

I used to teach economics to middle-schoolers, but I’m not an economist or an accountant. So figuring out this current financial mess has caused me no end of trouble. Now, though, my troubles are over.

Recent correspondents to the paper have revealed the truth, and I can’t imagine why it took me so long to see it. This mess was caused by—drum roll, please—poor people! It wasn’t caused by one-note politicians, greedy fund managers, reckless bankers, or bonus-baby CEOs whose only interest was in pumping up the value of their stock options. So naÌve to think so.

No, this all happened because people with limited incomes, and people whose race or neighborhood made them low priorities for lending, actually wanted to own their own homes and invest for their families’ futures, instead of steadily pouring all their housing money into a landlord’s pocket. And their government, if you can believe it, aided and abetted them!

Effrontery. An old word and a big word, but so suitable here. When will these people ever learn to keep their place?

Kenneth Bradford
Richmond

http://www.timesdispatch.com/rtd/news/opinion/letters/article/apparently_its_all_the_fault_of_poor_people/146121/


ef⋅fron⋅ter⋅y
   /ɪˈfrʌntəri/ Show Spelled Pronunciation Show IPA Pronunciation
–noun, plural -ter⋅ies.
1. shameless or impudent boldness; barefaced audacity: She had the effrontery to ask for two free samples.
2. an act or instance of this.
http://dictionary.reference.com/browse/effrontery

[geckosfeet]

1. I knew it. They probably want to be bailed out too.

[bemildred]

2. And a good description that is for it, too.

I am tired of all the "perfect storm" bullshit from all the former "masters of the universe". They were full of shit, and they need to own up to it right before they all resign.

[underpants]

3. So can I put you down as AGAINST Jack Welch being the "Car Czar"???

Scarborough (GE employee) and his round table of square-heads where just beside themselves this morning that Welch wasn't appointed already.

:eyes:

The "Masters of the Universe" idolatry is one of the main reasons all this occurred. Reverence and boot-licking of THE MAN (from whatever corporation or "cause") meant that no one dared mention how none of it made any sense. That and "beating the Street" was the only thing that mattered (not getting a steady regular R.O.I.) even the Street tried to beat itself.

[mrreowwr_kittty]

5. Vulgar Randism as Digby calls it.

She's done a series of scathing posts about these worthless overpaid John Galts.

[underpants]

7. That is a great name for it

:yourock:

[bemildred]

6. I'm not much on Czars in general, very undemocratic. nt

[psychmommy]

4. just as it is the unions fault the car makers need a loan.

the evil union made them produce hummers and escalade pick ups and navigators. spare the hell out of me. stupid republicans, voters are in those unions.