A disconnect exists in the US between the Banker and Wall Street class, which must include the Republican Congressional minority, and the general population of the country. The gap is visible every day on the televised news and in particular when watching the business channel, CNBC.

The populace is experiencing incredible losses due to the economic disasters brought about by greed, avarice, deregulation and fraud in the banking communities - partnered by the brokerage houses. Those losses have reached such proportions that the only institution left standing large enough to push against the terror is the United States government and the taxpayers themselves.

But the bankers and brokers - and their cohorts who produced this mess by deregulating the whole of how business is done (the right-wing in Congress) - are fighting against any legislation aimed at recovery. They did it against their own Bush TARP plan, and they resisted Obama's first shot over the bow of the recession last week. Fortunately, now that they are a minority, they failed to wreck the necessary legislation.

Their cry is for wholesale tax cuts, which in the Republican jargon means "cut the taxes of upper incomes, corporations and especially my pals who paid the cash to get me elected." It is the same old Republican slogan that we've listened to for three decades.

It is a disconnect from reality.

The almost 800 billion dollar recovery package passed with only 3 Republican votes in the Senate will cut taxes, mostly for incomes below 250,000 US a year. It will also delete tax cuts already in effect from the Bush terms. It will delete tax advantages for companies that move US jobs beyond our national borders, and it will create new tax advantages for home buyers (first time only), college loans and small businesses. It will create and/or save 3.5 million jobs.

The general population knows this. The disconnected politicians, bankers and brokers don't like it, even though they are the ones who got us in this mess. They live in a world of big bonuses, corporate jets, political junkets to far-off exotic islands, and Rush Limbaugh on the radio.

Yet, I love what they are doing. They are burning their nonsense into the collective memory of the population. They are attenuating the pain, slowing the process that will eventually get us working and back on the road to prosperity again. The populace votes, and the people out here - on this side of the Washington beltway and the Hudson River - are going to remember who they are and how they tried to keep the country sliding deeper into bankruptcy.

I can't wait until the next Congressional elections!