Quote of the Day: Matt Taibbi

Snickering readers in New York or Los Angeles might be tempted by all of this to conclude that Bachmann is uniquely crazy. But in fact, such tales by Bachmann work precisely because there are a great many people in America just like Bachmann, people who believe that God tells them what condiments to put on their hamburgers, who can’t tell the difference between Soviet Communism and a Stafford loan, but can certainly tell the difference between being mocked and being taken seriously. When you laugh at Michele Bachmann for going on MSNBC and blurting out that the moon is made of red communist cheese, these people don’t learn that she is wrong. What they learn is that you’re a dick, that they hate you more than ever, and that they’re even more determined now to support anyone who promises not to laugh at their own visions and fantasies.

— Matt Taibbi (Rolling Stone)

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Waiting for Robespierre

I can’t believe our luck lately at Trading 8s. My friend and mentor Reese Schonfeld has agreed to contribute this post (and hopefully more to come). Reese was the co-founder, President, and CEO of CNN. Yes, that CNN. (Its ratings have declined ever since he left.) He was also the co-founder and President of the Food Network. Before earning his reputation as “The Most Dangerous Man in Television,” he worked for United Press Movietone News, after which he became Vice President of United Press International Television News. He later founded the Independent Television News Association, the Medical News Network, and the world’s first 24-hour local news station. Like his friend Norman Horowitz, Reese is uncommonly brilliant and kind. — AWO

The leaderless “democratic” Egyptian revolution, which began with so much hope, has now entered its second phase. Even as I write this, hundreds of thousands of Egyptians are thronging Tahir Square, celebrating their victory over Mubarak while training their sights on the new military government. Middle-class private entrepreneurs protest the military government’s ownership and control of businesses ranging from the manufacturing of jeeps to the sale of olive oil. They want those businesses privatized.

Meanwhile, The New York Times reported, “Egyptian workers and the country’s military chiefs squared off again on Wednesday as strikes and labor protests  spread to the Cairo airport and the nation’s largest textile factory…”  Many of the strikers demand a return to “socialism” when, under former strongman Gamal Abdel Nasser, the state owned all the major industries.   Continue reading “Waiting for Robespierre”