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	Comments on: The New Populists	</title>
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	<link>https://norunnyeggs.com/2010/02/the-new-populists/</link>
	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
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		By: Awesome: Andrew Klavan&#8217;s &#8220;President Me! The Musical&#8221; (video) &#171; Frugal Café Blog Zone		</title>
		<link>https://norunnyeggs.com/2010/02/the-new-populists/comment-page-1/#comment-38364</link>

		<dc:creator><![CDATA[Awesome: Andrew Klavan&#8217;s &#8220;President Me! The Musical&#8221; (video) &#171; Frugal Café Blog Zone]]></dc:creator>
		<pubDate>Sat, 13 Feb 2010 21:39:09 +0000</pubDate>
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					<description><![CDATA[[...] Turn: Obama Budget Fashion Chic: Budget Freeze-OUT; Unsustainable Record Deficits-IN No Runny Eggs: The New Populists and How much of the deficit is Obama’s fault? Pundit &#038; Pundette: Obama&#8217;s squandered [...]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] Turn: Obama Budget Fashion Chic: Budget Freeze-OUT; Unsustainable Record Deficits-IN No Runny Eggs: The New Populists and How much of the deficit is Obama’s fault? Pundit &amp; Pundette: Obama&#8217;s squandered [&#8230;]</p>
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		<title>
		By: J. Strupp		</title>
		<link>https://norunnyeggs.com/2010/02/the-new-populists/comment-page-1/#comment-38336</link>

		<dc:creator><![CDATA[J. Strupp]]></dc:creator>
		<pubDate>Wed, 10 Feb 2010 05:51:41 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=8176#comment-38336</guid>

					<description><![CDATA[&quot;commercial bank&quot; only in name.  I hear you Dadster.]]></description>
			<content:encoded><![CDATA[<p>&#8220;commercial bank&#8221; only in name.  I hear you Dadster.</p>
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		<title>
		By: dad29		</title>
		<link>https://norunnyeggs.com/2010/02/the-new-populists/comment-page-1/#comment-38335</link>

		<dc:creator><![CDATA[dad29]]></dc:creator>
		<pubDate>Tue, 09 Feb 2010 21:37:40 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=8176#comment-38335</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://norunnyeggs.com/2010/02/the-new-populists/comment-page-1/#comment-38329&quot;&gt;J. Strupp&lt;/a&gt;.

BofA is also Countrywide, Struppster.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://norunnyeggs.com/2010/02/the-new-populists/comment-page-1/#comment-38329">J. Strupp</a>.</p>
<p>BofA is also Countrywide, Struppster.</p>
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		<title>
		By: Jo Egelhoff		</title>
		<link>https://norunnyeggs.com/2010/02/the-new-populists/comment-page-1/#comment-38330</link>

		<dc:creator><![CDATA[Jo Egelhoff]]></dc:creator>
		<pubDate>Tue, 09 Feb 2010 11:41:31 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=8176#comment-38330</guid>

					<description><![CDATA[And then there&#039;s &lt;a href=&quot;http://foxpolitics.net/politics.iml?mdl=issues.mdl&#038;issue_id=40655&#038;Category=1&quot; rel=&quot;nofollow&quot;&gt;Obama populism&lt;/a&gt;...]]></description>
			<content:encoded><![CDATA[<p>And then there&#8217;s <a href="http://foxpolitics.net/politics.iml?mdl=issues.mdl&amp;issue_id=40655&amp;Category=1" rel="nofollow">Obama populism</a>&#8230;</p>
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		<title>
		By: J. Strupp		</title>
		<link>https://norunnyeggs.com/2010/02/the-new-populists/comment-page-1/#comment-38329</link>

		<dc:creator><![CDATA[J. Strupp]]></dc:creator>
		<pubDate>Tue, 09 Feb 2010 04:58:39 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=8176#comment-38329</guid>

					<description><![CDATA[&quot;Big businesses, big banks, and well-educated people are all fine and even virtuous, so long as they have to play by the same rules as the rest of us.&quot;

This has never been a reality in this country&#039;s history.  

&quot;Let the big bank, the big car company or the big brokerage house go down if it fails.&quot;

The world is not that simple.  The collapse of Lehman Brothers almost single handedly brought down the global financial system on a Monday morning.  Had the government allowed AIG to completely unravel, there&#039;s a good chance that every major banking institution in this country would have declared bankruptcy within a week&#039;s time.  Liquidationism is easy to talk about, not realistic to apply.

&quot;Today’s populist is simply saying that he/she wants a fair shot, and does not want to be taxed to pay off the moron who drove Bank of America into the ground.&quot;

Who do you think that &quot;moron&quot; is?  Middle and lower class Americans chasing their piece of the dream for the most part.  Isn&#039;t that who your movement is supposed to be defending?

...and oh bye the way....it&#039;s ironic that you chose Bank of America as your example considering that B of A. is the nation&#039;s largest commercial bank, holding almost 12% of this nation&#039;s total deposits (over a trillion dollars).  Think about that.  That&#039;s a lot of Kansas farmer and union steel worker money to put in the hands of the FDIC, should we choose to adopt the liquidationist principles that are becoming so popular these days.]]></description>
			<content:encoded><![CDATA[<p>&#8220;Big businesses, big banks, and well-educated people are all fine and even virtuous, so long as they have to play by the same rules as the rest of us.&#8221;</p>
<p>This has never been a reality in this country&#8217;s history.  </p>
<p>&#8220;Let the big bank, the big car company or the big brokerage house go down if it fails.&#8221;</p>
<p>The world is not that simple.  The collapse of Lehman Brothers almost single handedly brought down the global financial system on a Monday morning.  Had the government allowed AIG to completely unravel, there&#8217;s a good chance that every major banking institution in this country would have declared bankruptcy within a week&#8217;s time.  Liquidationism is easy to talk about, not realistic to apply.</p>
<p>&#8220;Today’s populist is simply saying that he/she wants a fair shot, and does not want to be taxed to pay off the moron who drove Bank of America into the ground.&#8221;</p>
<p>Who do you think that &#8220;moron&#8221; is?  Middle and lower class Americans chasing their piece of the dream for the most part.  Isn&#8217;t that who your movement is supposed to be defending?</p>
<p>&#8230;and oh bye the way&#8230;.it&#8217;s ironic that you chose Bank of America as your example considering that B of A. is the nation&#8217;s largest commercial bank, holding almost 12% of this nation&#8217;s total deposits (over a trillion dollars).  Think about that.  That&#8217;s a lot of Kansas farmer and union steel worker money to put in the hands of the FDIC, should we choose to adopt the liquidationist principles that are becoming so popular these days.</p>
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