Years of deregulation & greed have brought us to this pass. It’s time to make the one percent pay to help the other 99 percent.It’s time to tax excessive salaries, bonuses, & other income at much higher rates. It’s time to narrow the gap between the highest paid & lowest paid at any business.
Zit, class warfare began generations ago. This is a few seconds of the oppressed, the working-, & the middle-classes fighting back.I feel sorry for how brainwashed you are by the media. The media, like the Teapublicans, are owned by the rich. They will continue to use you for the gain of their masters.
Creative and properly regulated capitalism BUILDS jobs. Stagnant and unregulated BANKING and “INVESTMENT”- based on FRAUD (deregulation “legitimized”) and deceit, does NOT. Perry and the TEApublicans want “freedom from taxes”, well, at least if you take in (not necessarily “earn”) over $250 K a year. Even the weak-kneed Dems are buckling to defend the “poor defenseless rich”.
Unregulated capitalism inevitably leads to booms and busts. The 19th century was full of them, the last one became the Great Depression. When enough people who lived through the Depression passed out of power, the greedy removed the regs instituted in its wake. And so the current bust was inevitable and predicted.
Your history books.Now that may be the problem!Unregulated capitalism. New Deal financial regulation was aimed at levelling the boom and bust cycle. Toward the end of this piece, Prof. Warren gives a “five minute university” version of US b&b economic history:
doc white over 12 years ago
Wallstreet 1929, they jumped.Wallstreet 2011, We where pushed.
grayhares01 over 12 years ago
Yep. Pushed by the Community Reinvestment Act (Passed by Carter and supercharged by Clinton) and the repeal of Glass-Steagal (Repealed under Clinton)
.
But I’m sure trout will come in and blame this on the 25 years of unmitigated growth that Reagan created…
BrianCrook over 12 years ago
Years of deregulation & greed have brought us to this pass. It’s time to make the one percent pay to help the other 99 percent.It’s time to tax excessive salaries, bonuses, & other income at much higher rates. It’s time to narrow the gap between the highest paid & lowest paid at any business.
BrianCrook over 12 years ago
Zit, class warfare began generations ago. This is a few seconds of the oppressed, the working-, & the middle-classes fighting back.I feel sorry for how brainwashed you are by the media. The media, like the Teapublicans, are owned by the rich. They will continue to use you for the gain of their masters.
Dtroutma over 12 years ago
Creative and properly regulated capitalism BUILDS jobs. Stagnant and unregulated BANKING and “INVESTMENT”- based on FRAUD (deregulation “legitimized”) and deceit, does NOT. Perry and the TEApublicans want “freedom from taxes”, well, at least if you take in (not necessarily “earn”) over $250 K a year. Even the weak-kneed Dems are buckling to defend the “poor defenseless rich”.
Kirk Sinclair over 12 years ago
Unregulated capitalism inevitably leads to booms and busts. The 19th century was full of them, the last one became the Great Depression. When enough people who lived through the Depression passed out of power, the greedy removed the regs instituted in its wake. And so the current bust was inevitable and predicted.
Carolo1 over 12 years ago
Trickle down at it’s best.
charliekane over 12 years ago
Your history books.Now that may be the problem!Unregulated capitalism. New Deal financial regulation was aimed at levelling the boom and bust cycle. Toward the end of this piece, Prof. Warren gives a “five minute university” version of US b&b economic history:
http://www.thedailyshow.com/watch/wed-april-15-2009/elizabeth-warren-pt—2
Only knowledge to gain, and ignorance to lose.