The problem with our elites: they don't want to admit they're elite

[ShebaPoe]

Wait, there's more:

Spend a summer weekend in he Hamptons. It'd be useful to do that as a guest of a finance industry person. If you're with the younger crowd, then it's house parties, the sort of stuff you did in college, except in polos and khakis, and the women are in sundresses. Unlike your college parties, though, this is happening at a rented $10m house, there's good catered food, and drinking is done while talking about career moves.

With the older crowd, it's talk about Aspen, palm beach, yachts and travel. "the guided tour of vientien was just so pretty". Yeah, I'll get my first class ticket to Laos right away.

The point is, these people know damn well they're elite. What's changed is that they're so sure of it, so sure of how deeply entrenched they are, that they need not even contemplate responsibility. Allusions to Hamptons conversations don't convince you? Ok, try this:

Only a confident class of elites would have the audacity to pass TARP over 95%+ disapproval.

Massive bank fraud, right, everywhere...with the housing bubble, no one is in jail. No Pecora commission. Corzine...is free.

The original article is probably propaganda. It's the only way to explain something so obviously false, the ol' propaganda trick: a huge lie, stated as if authoritative, generate discussion, which entrenches the lie and centers discussion around a premise so obviously false.

This is little more than the exploitation of intellectual dependency learned by the masses in schools designed...by elites.