For someone who rarely listens to this stuff like me, the tone is downright scary. Levin has a voice like a dentist's drill. I have a hard time imagining the audience for this stuff -- I imagine bitter, hate-filled members of the downwardly mobile white sub-working class -- Joe Pesci, minus any charm or charisma. I hesitate once again to throw out the f-word but I can't help but think of Hitler's speeches and the Two Minute Hate from 1984.
The thing is, there may even be some truth in what he's saying. No doubt Democrats have had a hand in this crisis; they are just as much in bed with Wall Street as the Republican party (not sure how that squares with them being "socialists"). But how can you take someone seriously who not only sounds like that but writes things like this:
I want to congratulate the attorneys who work with me at Landmark Legal Foundation for tenaciously pursuing the untold story of the systematic abuse of American MPs by the al-Qaeda terrorists at Guantanamo Bay.Here's a counterattack to this sort of theory; the most commonsensical refutation is that most of the bad subprime loans were made in the last five years; so if a bill passed in 1975 is responsible why was there a 25-year lag time?
And also this report (via) which says:
CRA Banks were substantially less likely than other lenders to make the kinds of risky home purchase loans that helped fuel the foreclosure crisis.Oh well, so much for alternative points of view. The facts don't matter too much, what matters is whether Levin et al are going to succeed get this notion into the minds of the populace.
If things get really ugly economically, I mean ugly in people's real lives, not just the financial markets, don't be surprised if this sort of hate boils out of the backwoods of AM radio and into the mainstream, wherever the hell that is. People are going to be looking for someone to blame, and the right has been honing their eliminationist rhetoric on progressives and Democrats for many years now. Fuck, I feel like stringing someone up myself, and while I'd start on the other side of the political divide there is plenty of blame to go around.