Thanks for Making Our Economy Your Giant Petri Dish, Conservatives
This post from an economist at the Financial Times really sums up this whole financial mess:
Deregulation of finance in the past decade is already the most expensive mistake ever, including for bank shareholders, and has only massively enriched management, a few other bank executives, and those who hatched the reckless schemes those executives committed vast sums of bank money to. It’s time to stop the fiction that “markets” are more efficient in that sector.
I’m so glad we could help out Phil Gramm and other conservative economic idealogues with their little science project. Can we put Reaganomics in general, and trickle-down in particular, into the trash bin with de-regulation?
How many more jobs and wealth does our region, in particular, need to lose before we stop following the same failing conservative recipe?
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the answer is all of them. or when people finally realize the media is conservative and brainwashes us into thinking that somehow our fascist friends across the aisle know business and economy better than we do. but i am guessing we will lose all of our jobs first.
Be careful throwing barbs over deregulation, as it was Senior Clinton who inked the law.
I liked a lot of what Clinton did as president. Pushing things like NAFTA and deregulation aren’t among them.
Welcome PC, glad you could join the conversation.