{"article":{"id":220698,"heading":"The Financial "Meltdown"of the USA was caused not by Hippies but by Repub.Conser","author":"Rod Bleckstyne","created":"2008-09-28 00:41:45","modified":"2008-09-28 14:13:15","last_modified":"Sun, 28 Sep 2008 21:13:15","article":"

Thats right! The financial meltdown of the USA was not caused by left-wing liberals or tree huggers or environmentalists! It was entirely caused and instigated by the Bush Regime and their corrupt pals who constitute what is known as Republican-Right Wing-Conservatism!

Its a cautionary tale - but knowing how \"Brain-Washed\" average Americans are with the Right Wing's \"Flag Waving Bull-Shit\",its a tragic tale but one that that will elicit nothing - no new restrictions (let alone any new thinking) against the vile,corrupt US Govt or its co-conspirators who constitute Wall St. speculators (predators) and their heinous NAFTA schemes etc.

Fittingly,In this disastrous end,Americans are only getting what they richly deserve!!! <\/p>\n","contact":"","link":"","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":"America's "Demise" was caused and instigated by the Bush Regime and their corrupt pals who constitute what is known as "Right_Wing Conservatism"! \r\n\r\n","numcomment":2,"fileurl":"\/uploads\/","filesize":null,"article_url":"\/news\/2008\/09\/220698.php"},"attachments":[],"comments":[{"id":220699,"heading":"pot, may I introduce the...","article":"While Americans ARE getting what they richly deserve, it is NOT just the actions of Republitrash who have brought this apon US. It is the Democraps too.\r\n\r\nJust dare to ask me for examples. BITCH!","author":"PrionPartyy","parent_id":220698,"mime_type":"text\/plain","created":"2008-09-28 01:45:46","modified":"2008-09-28 01:45:46","fileurl":""},{"id":220704,"heading":"Philosophical Failure","article":"The simple fact is - there were heavy regulations on capitalism from the 1930s to the 1980s, and we didn't enter a depression. In fact, we saw the rise of the so-called "middle class", when the wages of the working class rose relative to the profits of the wealthy.\r\n\r\nThis was undone, slowly, from the late 70s through today. Each successive year brought decreases in regulation. (McCain was a big champion of deregulation.) \r\n\r\nEach year also brought increases in capitalist consolidation, where large companies got larger. The "baby Bells" all got bought out by SBC, which renamed itself to AT&T, the original monopoly that was broken up. Media companies have gotten larger, and fewer in number. Banks, which were restricted from selling a wide range of products to different markets, were allowed to cross over.\r\n\r\n(Incidentally, this big bailout doesn't undo this trend toward consolidation. Both the main plan and the Republican counter-plan encourage continued consolidation.)\r\n\r\nTaxes have declined for the wealthy, while the middle class and poor have seen declines in entitlements. This is another kind of capitalist consolidation. The rich have gotten richer, and the poor have stayed poor.\r\n\r\nOne specific tax the capitalists have fought against is the capital gains tax. (The tax was applied when a house, stocks, or any asset was sold, and there was a profit because the price rose.) They cut the tax in half. This tax functioned as a kind of damper on people who wanted to buy and trade things -- it was a kind of transaction cost. By getting rid of the transaction cost, they accelerated the ease by which capitalists could move money in and out of different investments.\r\n\r\nThis helped contribute to the economic boom, but it also contributes to the stock bubble.\r\n\r\nThe trend of the past fifteen years or so has been very rapid deregulation, especially during the Bush administration. Capitalism has been unfettered, and it is out of control.\r\n\r\nThe scale of this collapse is just the side effect of the scale of capitalist consolidation. There's nothing "unusual" about the situation -- it's normal capitalism. There's a boom-bust cycle, and in any unregulated situation the cycle is extreme. We're experiencing the downside of deregulation.","author":"gimme shelter","parent_id":220698,"mime_type":"text\/plain","created":"2008-09-28 14:13:15","modified":"2008-09-28 14:13:15","fileurl":""}]}