Go read it all. In reaction, Yves, interestingly, focuses on the stigmatization of anger and controlling the discourse -- making the econoblogs, on the bailouts (2010), sound like the political blogs, on Iraq (2003). Susie focuses on the class warfare aspect, which I think is the more accurate, interesting, and current take. Taibbi writes:
[T]he fact that a lot of these guys have made a lot of money recently doesn’t make them “upper class.” They’re the same assholes we all were in high school and college, except that they made some very particular moral choices in adulthood, and became criminals, and have now arranged things so that they’re going to be tough as hell to catch. And when they fall, which a lot of them will… I mean a lot of these guys are ten seconds from losing it all and spending the next ten years working the laundry room at Danbury or pushing shopping carts under the FDR expressway. And they know it. These people aren’t the nobility. They’re people just like us, only stupider and less ashamed of themselves.
Good. It couldn't happen to a nicer bunch of looters.
That said, I think that Taibbi's notion of class isn't very sophisticated. Kudos to him for taking up the subject. And eviscerating David Brooks is always good clean fun.
NOTE Yes, I know Taibbi sucked on Clinton. I know. That doesn't make him wrong here, and it doesn't necessarily invalidate the tropes and analytical tools that he presents. Heck, even Bareback Andy's right on torture. And Ron Paul is right on the empire. Take what you like...