Resurrection Of Economic Idiocy
Lyndon Johnson’s Un-Great Society and Roosevelt’s depression era social programs did not solve the problems they purported to address. Rather, they extended the pain and suffering of their programs’ victims and worst of all taught them to belly-up to the taxpayer trough forever. We are saddled with generations of uneducated losers, who have sunk their collective psyche into a myriad of social problems passed down repeatedly from indigent lazy parents who learned from their parents.
The latest version of this socialism-destruction designed and being implemented by the Obama team of adult children, will in our view multiply the current criminally inspired disaster, extending it for years.
Greenspan and those congressmen-bankers formed a union of free money to avoid a simple and normal recession in 2000. Now nine years later, its economic payback time for violation of standard economic principles that made our nation great. Unfolding tragedies will be legendary.
This Time It Really Is Different
The strength and foundation of the United States Constitution and Bill of Rights have served our nation well since 1776. Our current disasters, however, threaten the very existence of America.
The rule of law, which is the glue for domestic and global commerce, is being openly questioned. Our political leaders, in their frustration of dealing with their own instigated messes, threaten to abrogate legality of contract rules operating our country. This over-reaction is extremely dangerous.
When that pack of congressional hyenas were screaming at AIG’s leader yesterday they crossed the line into illegal, open warfare attacks on AIG’s derivative bonus babies. AIG’s new CEO-leader incidentally, basically volunteered to clean-up AIG’s problems and had nothing to do with these current challenges instigated and installed by Hank Greenberg who wisely got himself tossed-out in 2005. Greenberg made the mess not the current innocent CEO.
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