I want to remind you of this.
This was in February of 2009. The housing bubble had burst. Financial speculators and banks crashed the economy. Unemployment went up to 7.5%. The jobless claims, highest in 26 years, climbed to a whopping 600,000. In the midst of what became a global financial crisis, this man, Rick Santelli, in what became a viral rant, rejected the idea of a stimulus to people who were losing what little wealth they had accumulated in their homes. He called them “losers who couldn’t afford to pay their mortgages” and balked at the notion he should “help pay for their extra bathrooms.”
In comparison to the crisis we face now, the financial crisis of 2008-2009 seems almost quaint.
We know what happened: Somehow, in the midst of a recession, people whose biggest hurt was losing a little bit of value from their stock portfolio shifted the blame from speculators onto people who didn’t own stocks, whose biggest dream of financial security was owning a home.
I’m glad that the term “gaslighting” has gotten some traction in the intervening years, because this is exactly what that moment was: gaslighting on a massive scale. It takes some gall to blame a crisis manufactured by rich people on middle-class and poor people. Not only were they pissing on us and telling us it was raining—they were blaming us for not bringing an umbrella.
And it didn’t take much to turn “taxed enough already” into some catchphrases for white resentment. Our oligarchs found common cause with white folks who resented a black president. And of course, it affected historically marginalized people—black folks, single women, immigrants, and children—disproportionately. Just like now.
I need to point out that this was an *engineered* crisis. Human beings created it. It was not caused by a virus. Now we face a new crisis, and although it wasn’t engineered by wealthy people playing with money, it has certainly been compounded by them. Because we do not have universal health care, guaranteed time off, and other worker protections, people are forced to work in dangerous conditions, cannot get tested, and do not have the means to self-isolate.
For the last few decades, whenever the notion of universal health care is brought up, they ask, “Who is going to pay for it?” We’re ALL paying for it, right now. We are going to be paying for NOT having universal health care for decades.
This principle has never been clearer: that if my neighbor is not able to thrive, it affects me. Our mutual interdependence means that if my neighbor lacks health care, my own health is endangered. It has never been clearer that blame for this crisis cannot be pinned on the people it hurts. This is not about someone buying “an extra bathroom” they can’t afford.
It has never been clearer that a “social safety net” is not just for my neighbor who is down on their luck — it is for me, for my protection, because it is better for all of us if things like education, health care, and a basic standard of living are available for everyone. It doesn’t make sense for us to pay $30,000 a year to house a prisoner if we could subsidize a drug treatment program for $2000 a year.
“Extra bathroom” my ass. We are ALL paying for not caring for our neighbors.
By the way, in March, Santelli suggested just letting people die from the virus. So yeah. A tiger and his stripes, and all that. They are going to blame us for not bringing an umbrella AGAIN. The only modern industrialized country in the world without universal health care has become the epicenter of preventable death and unnecessary suffering.
Like Pharaoh, they are going to say the reason we don’t want to make bricks with straw, or hamburgers without PPE, is that we are “lazy, lazy” (Exodus 5:8). They do not know the story—that leaders with hardened hearts bring MORE plagues upon their country.
As a person of faith, I understand that we live by certain stories. This is the only script they know.
We have so many better ones.