And let’s remember this: if the so called “opposition” mainstream media (CNN. MSNBC and most of the major print media) pounded the issues of dark money, austerity and trickle down economics, the culture of perpetual and privatized war and “intelligence”, major corporatized takeover of the American Universities (especially Econ. Departments, Kochtopus styled spending for conservative “Agenda and Principles” (ahem) candidates up and down the ballot for 50 years- and on and on… that’s what lead to the Republican white power obstruction to anything that Obama might have done to help alleviate the human suffering (which disproportionately affected people of color) of the great recession. The MSM mostly just acted like the RePubes were just being responsible conservatives in the face of “liberal” big guv’ment spending responses to the economic crisis. Now the deficit is and will be exploding, the tax cuts will largely just continue to fuel the consolidation of most wealth at the top, and the scuffling of the bottom two thirds of the American economy will just getting more precarious, irrational, and dangerous. -gskalsky-
And here’s the ‘best’ part….the 2008 meltdown was created by Bush-Cheney and the Republican Party in the first place, and then they refused to clean it up and happily blamed their horror show on that black guy in the Oval Office.
The reckless Bush-Cheney tax cuts gave the rich extra gambling money to juice Wall St., the ratings agencies became unregulated, corrupt rubber stamps for junk securities and sliced and diced junk mortgages, and the Bush-Cheney Administration specifically prevented states’ Attorneys General from investigating banks handing out no-documentation, no-interest, no-income mortgages under the idiotic ‘free-market’ mantra of ‘financial innovation’.
In 2003, during the height of the predatory lending crisis, the the Office of the Comptroller of the Currency (OCC) under Bush-Cheney invoked a clause from the 1863 National Bank Act to to preempting all state predatory lending laws, thereby letting financial predators run wild.
The Bush-Cheney OCC also issued new rules that prevented states from enforcing any of their own consumer protection laws against national banks.
The federal government’s actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, unsuccessfully fought the new rules.
The 2008 mortgage crisis wasn’t something that just ‘happened’.
It was a manmade Republican public policy disaster.
Voting Republican is always an act of nationally-assisted suicide.
November 6 2018
Southern CaliforniaSept. 13
By making it legal for corporations to no longer participate in our nation as any other citizen does, through taxation, the burden of all of the gimmes given through the Tax Scam Bill will fall upon what’s left of the working and middle classes. The future should look bleaker today than any other time since the Great Depression.
The current GOP is the legislative arm of America’s corporatocracy. Absolutely every single one of the departments in the executive branch has been busy rolling back everything they can in favor of corporations, regardless of the human toll those rollbacks will cause.
On the environment, nothing was too horrendous to roll back and they’re not yet done. Asbestos? No problem. Coal mines dumping toxic materials into the drinking water? No biggie. That particular rollback was one of the very first pieces of legislation sent to Trump. Claire McCaskill and Joe Manchin both voted yea, by the way.
On education, predatory lending and predatory schools are back. DeVos has a personal interest there. She’s also rolled back some of what President Obama and Congress did to alleviate the debt burden on our young.
Everything the Trump administration and the GOP are doing now is designed to clean us completely out. I’ve used the term “Ferengi economy” in previous comments. That is the age we now live in.
Notes on ‘Capitalism, Socialism, and Unfreedom’