Posts Tagged ‘deregulation’

“A Political Deficit”

The fiscal situation is not the only deficit infecting this country.

Congress’s approval rating is a shocking ten percent. It’s lowest approval rating since they began keeping track in 1974 and, given the current political climate, there doesn’t appear to be any chance for improvement in the near future.

The reason for this low approval can be traced to the very sources of the problem and in order to fix it we must first expose what and who caused it to fall below the approval of Communism and Used Car Salesmen.

On issue after issue, as Yogi Berra so aptly put it, “It’s déja vu all over again.”

Is this low approval rating deserved?

Read the rest of this entry »

Tags: , , , , , , , , , ,
Posted in Deficit, Politics, Republicans, UnAmerican | Comments Off

“A House Derided”

This new article has been posted on The Huffington Post, Thursday at 11:05 pm. Click on the link to read at the HuffPost.

************************

Will the coming change in the House of Representatives be productive?

In the 110th and 111th Congresses the Democratic Majority was accused of socialism, out of control spending, manipulation, and derision by a bitter and vitriolic Republican minority. A minority with a memory deficit.

Attacks have been unfairly levied at Speaker Nancy Pelosi, Barney Frank, and other high ranking Democrats in the House for a multitude of positions and actions they took as the majority party. Many of the actions would actually ‘help’ most Americans.

Republicans are set to again become the majority in the House despite their previous 12 years of failure: causing the economic meltdown, throwing us into a costly war in Iraq, increasing the cost of Medicare with Medicare Part D, bailing out the banks with TARP, and on and on, ad infinitum.

If you think the House of Representatives was bad this past four years wait until you see what’s coming.

Read the rest of this entry »

Tags: , , , , , , , , , , ,
Posted in Congress, HuffPost Articles, Politics, Republican Crises | Comments Off

“Double Dip: A Republican Conundrum!”

The financial crisis is a Republican creation they won’t talk about!

Supply-side economics, Reaganomics, lazzez-faire, all theories of economics, developed and promoted by Milton Freidman—advanced by many—and responsible for the financial quagmire we are currently drowning in.

These theories are the mantra of conservative Republicans and the foundation of their party’s free-market-capitalism platform. It is also the cause of nearly all the financial woes and hardships hard-working Americans are experiencing. They have pushed supply-side for 30 years and it has led to the most damaging recession since The Great Depression.

The supply-side experiment is a failure and has left us in such a dire position that with a little shove we could fall into a global depression. The potential is so great that unprecedented steps had to be undertaken to prevent plummeting that far.

But we’re not through. As fears mount of a double-dip we could slide back to, or below, the March 9, 2009 lows when, the Dow fell below 6,600, its lowest level since April 15, 1997 and the S&P slid below 700, its lowest close since September 12, 1996.

In fact the Dow is poised to fall below the 6,000 level or further as it nears the second low. Read “The Dow at 6,000.”

Things were, and are still extremely difficult.

Who is responsible for the difficult problems we face?

Read the rest of this entry »

Tags: , , , , , , , , , , , , , ,
Posted in Economy, Politics, Republican Crises | Comments Off

“Phil Gramm @ the Vortex!”

As the economic meltdown threatened the world economy, one name kept boiling to the surface. Ex-Senator Phil Gramm.

A growing controversy and crisis—the U.S. government’s negotiations with Swiss bank UBS and the Swiss government over the release of account information on Americans suspected of evading tax regulations—finds the ubiquitous Gramm involved in the seemingly nefarious activities.

This ex-Senator has been at the center of every financial crisis since 1999. Gramm was the author of the Gramm/Leach/Bliley Bill passed in November of ’99, abetted by Congress and President Bill Clinton.

That bill, along with the “Commodity Futures Modernization Act,” passed in 2000, have put the entire global economy at risk. Enron and WorldCom were manifestations of the Commodities Act, and the Banking Crisis was the result of the Gramm/Leach/Bliley Bill.

Gramm is now involved in the middle of the battle between UBS and the IRS  as the Vice Chairman of UBS’ investment banking. He is now either exceptionally naive or complicit in the scheme perpetrated by UBS employees to defraud the U.S. Government of taxes from American citizens.

Gramm’s 20 year push as a U.S. Senator to deregulate the financial and commodities markets has allowed energy companies and financial services groups to steal from the American people.

I wrote about Gramm’s duplicity in the financial crisis in September of last year in an article entitled: “Thank You Milton, Alan, and Phil,” which you might enjoy reading and could put the financial crisis in a little better perspective.

In his new role at UBS, it appears that Phil Gramm is again involved in stealing from American taxpayers. More will be written as the story unfolds.

Tags: , , , , , , , , , ,
Posted in Banking, Economy, Uncategorized | Comments Off