By Brad Friedman on 10/10/2011, 6:11pm PT  

The New York Times' Paul Krugman absolutely nails the rapidly growing fear and loathing amongst the Oligarchy as Republicans scramble to support years of corporatist cronyism and corruption over the very real grass-roots uprising of "Occupy Wall Street" protesters who've had enough and are now finally fighting for the general welfare of middle-class American citizens.

"This reaction tells you something important," Krugman writes. "Namely, that the extremists threatening American values are what F.D.R. called 'economic royalists,' not the people camping in Zuccotti Park."

"What’s going on here? The answer, surely, is that Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is," he avers.

The short piece is a must-read, as it pretty well sums up exactly where we are at what could be a pivotal moment in history, especially as you're likely to see much more of the panic expressed on Fox "News" and other corporatist outlets as the popular and populist uprising continues to grow...