Ladies and gentlemen: pardon my intemperance, but it is time for some moral outrage and perhaps a little good old-fashioned class warfare as well--in the sense of a return to seriously progressive taxation and equity returns for public investments. After all, as this week's proposed record-setting Wall Street bailout with taxpayer money demonstrates once again, those in charge of running this country have no problem whatsoever waging "class warfare" against the rest of us--the middle classes, workers and the poor--whenever it suits their interests.

At a time when millions of Americans are facing bankruptcy and the risk of losing their homes without any help whatsoever from Washington, DC; the CEOs and speculators who created this mess; and the top 1 percent of households that owns at least 34 percent of financial stocks, along with the next 9 percent that owns 51 percent of them, have teamed up with their "bipartisan" cronies in Congress, the US Treasury and the White House to stick us with this huge bill for this bailout, plus all of the risk, plus none of the upside.