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Jacob Weisberg – Elitist Nonsense

Summary:
The right’s favorite scare word is “elitism.’ What does it mean?When I say the elite, I mean the ruling class, but when the Right say the elite, they mean educated people and academics, like climatologists, psychologists, and epidemiologists, etc.  If there’s one epithet the right never tires of, it’s “elitism.” Republicans are constantly accusing Democrats of it this campaign season, as when Kentucky Senate nominee Rand Paul attacked President Obama as “a liberal elitist … [who] believes that he knows what is best for people.” With the Tea Party’s rise, conservatives have even begun accusing each other of it, as Sharron Angle, the Nevada GOP nominee did when she charged that Robert Bennett, the outgoing senator from Utah, “has become one of the elitists that is no longer in touch.”

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 The right’s favorite scare word is “elitism.’ What does it mean?


When I say the elite, I mean the ruling class, but when the Right say the elite, they mean educated people and academics, like climatologists, psychologists, and epidemiologists, etc. 


 If there’s one epithet the right never tires of, it’s “elitism.” Republicans are constantly accusing Democrats of it this campaign season, as when Kentucky Senate nominee Rand Paul attacked President Obama as “a liberal elitist … [who] believes that he knows what is best for people.” With the Tea Party’s rise, conservatives have even begun accusing each other of it, as Sharron Angle, the Nevada GOP nominee did when she charged that Robert Bennett, the outgoing senator from Utah, “has become one of the elitists that is no longer in touch.” Other days, they simply lament that the entire country is falling prey to it, as California Senate nominee Carly Fiorina recently did in asserting that “the American Dream is in danger” because of the “elitists” in charge of the government.

Thus did the son and grandson of admirals, a millionaire who couldn’t remember how many houses he owned, accuse his mixed-race opponent, raised by a single-mother and only a few years past paying off his student loans, being the real elite candidate in the campaign.


Jacob Weisberg - Elitist Nonsense

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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