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?
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