I posted this yesterday.....
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4029159&mesg_id=4029159http://www.smirkingchimp.com/print/17237When Conservative Dreams Come True
By Alicia Morgan
Created Sep 18 2008 - 10:26am
John McCain is right.
Everything’s going along just fine!
After all, how couldn’t it? The conservative paradise that has been worked toward by the Republicans for forty years has finally come to fruition.
Like Tom DeLay’s ‘perfect petri dish of capitalism’ in the Marianas, bit by bit, conservative economic policies have replaced the hated New Deal, and all the crummy old prosperity that came along with it. Phil Gramm, John McCain’s go-to guy on the economy, drove the last nail into the coffin by repealing the Glass-Steagall Act, which prevented commercial banks and private investment banks from getting involved with each other.
And then Gramm has the gall to call us a “nation of whiners.”
Yeah, Phil, I guess we better just shut up and take it. If Phil Gramm had his way , we would not even be allowed to complain about being mugged, rolled and left in the alley for dead.
Every item on the conservative economic wish list is in place at last! No taxation, deregulation, and speculation. Wages have been lowered, while prices rise higher and higher. Privatization, the magic cure-all for everything that government used to do, has permeated every nook and cranny of our system. After all, anything government can do, private enterprise can do better! So instead of giving tax money to wasteful government agencies to use ofn the people’s behalf, why not give it to business instead - to use on their own behalf!
The central tenet of the corporations in this country has been:
Externalize costs; internalize profit.
Translated: We, Big Business, take a risk. If it fails, the taxpayer pays for it. If it succeeds, we keep all the profit.
Heads we win, tails you lose.
Simple and beautiful.
Although the sub-prime mortgage bubble and the wild, arcane speculation are in the spotlight right now, the plain truth is that we, the American public, have been stolen from until there is nothing left to steal - even our children’s financial future has been stolen after they squeezed us dry.