Hightower Lowdown

The name Felix Walker is not one you would recognize, but this 19th-century congressman inadvertently contributed a word to America's political lexicon that you will recognize--a word that fairly well sums up a lot of what we're getting these days from right-wing politicos and pundits.

In the 1820s, Walker was the U.S. representative for Buncombe County, North Carolina. In an age of great political orators, Walker was not one. He was a droner, a dull fellow known for expressing his dullness at great length on every topic. No matter what issue was up for debate in the House--no matter whether he had any real knowledge, facts, or insights to add--Walker would rise to speak, insisting that his constituents back home would want his voice heard. He would then launch into a wandering, wearisome, often-nonsensical discourse that he always called "a speech for Buncombe."

Exasperated colleagues began to refer to Walker's interminable prattling as "just so much buncombe," a phrase that has been passed down to us as "bunk"--a synonym for meaningless political claptrap.

We've been getting an overload of bunk in recent weeks from a gaggle of Fox-brained Republican Congress critters. They've been flapping their gums to demonize and destroy a grassroots group that has offended them by--get ready to be outraged--organizing and helping to empower thousands of Americans who live in low-income and working-class neighborhoods all across the country.

ACORN is this grassroots group. For four decades, the Association of Community Organizations for Reform Now has been going door to door, neighborhood to neighborhood, to extend basic democratic tools to people who've been dissed and dismissed by the political system. What ACORN's effort amounts to is civic education. Few members of the local chapters have ever been active in community decision making. After all, that process is usually held in the tight grip of moneyed interests who reside and work in distant, much tonier zip codes, and regular folks rarely are welcome. [ read more ]

What the hell's happening here? Why is my bank in the tank? And my house and job? And my retirement money? Even my state's teetering on the brink of broke! Who did this to us?

Fair questions, but we're not getting honest answers. Last year, at the first signs of the global financial slide toward the abyss, we were told that it's just a little hiccup caused by something called subprime mortgages. Not to worry, the Powers That Be declared confidently, for we have the damage contained. And rest assured that "the fundamentals of our economy are sound."

Then, this spring, Bear Stearns cratered, requiring an emergency federal subsidy to cover billions in bad loans. Okay, admitted those in charge, that subprime stuff actually is leveraged on up the financial system, and maybe there's been a bit of greed among a few of the big players, but we really do have the problem contained now, and, hey, "the fundamentals of our economy are sound."

But in September--Omigosh!--there went Lehman Brothers, Freddie Mac and Fannie Mae, AIG, Merrill Lynch, Goldman Sachs, Citigroup, WaMu, Wachovia, and others. Well, yes, conceded the now-frazzled financial establishment, but gollies, we're throwing hundreds of billions of your tax dollars into sandbags to contain the problem, and remember: "The fundamentals of our economy are sound."

In October, the contagion rolled through Britain, Canada, and Europe; it spread to Brazil and across to China and Japan; and--Holy Schmoly--suddenly all of Iceland was melting in bankruptcy! Stay calm, cried an openly panicked chorus of Washington officials, for we're holding some big summit meetings soon and consulting our Ouija boards, and...uh...ah...um...y'all just keep clinging to the thought that "the fundamentals of our economy are sound." [ read more ]