I've long been appalled with Dylan Ratigan's love for Tom Coburn and Ron Paul, but what I just heard on his show has got to be the most incredible thing yet.
Pissed doesn't begin to describe how I feel right now.
Ratigan began his show blaming our 'broken government' entirely for today's fall in the stock market. Then he brought on one of the most repulsive creatures I've seen in years to give his 'expert' opinion.
His guest was Bill Fleckenstein of Fleckenstein Capital. This 'expert' didn't mention Europe as being a driver of today's market fall. No, he agreed with Ratigan that it was entirely due to our broken political process. But then he took it a step further.
Fleckenstein grew almost hysterical talking about entitlements. "We can't afford them! We can't afford them!" he said in a great state of excitement and indicated that this stock plunge was the market telling the government that 'we can't afford' entitlements.
Yes, you heard that right - the market is reacting to entitlements - not Europe, not to bailouts, not to a war machine that is eating our seed corn, not to the housing bubble, not due to unemployment, not to anything but MY social security and Medicare. I never knew I had this kind of power!
No one disputed this millionaire. Ratigan agreed with him.
The propaganda is ratcheting up, but what's worse is that the pressure to reduce the Big 3 on the part of our financial oligarchs is going to be extreme. No other problem factors in - it's allllllllll our fault. The hysteria in this man's voice tells me that the hyenas are not going to quit until they have all of the chips.