Sunday, August 15, 2010

Go Read This

Finally, the truth,from an insider.

Yer fucking right I'm going to say I told you so.

How the GOP killed our economy,

"Yes, the road to the coming apocalypse began with a Republican president listening to a misguided Nobel economist's advice"
snip

Finally, thanks to Republican policies that let us "live beyond our means for decades by borrowing heavily from abroad, we have steadily sent jobs and production offshore," while at home "high-value jobs in goods production ... trade, transportation, information technology and the professions shrunk by 12% to 68 million from 77 million."
As the apocalypse draws near, Stockman sees a class-rebellion, a new revolution, a war against greed and the wealthy. Soon. The trigger will be the growing gap between economic classes: No wonder "that during the last bubble (from 2002 to 2006) the top 1% of Americans -- paid mainly from the Wall Street casino -- received two-thirds of the gain in national income, while the bottom 90% -- mainly dependent on Main Street's shrinking economy -- got only 12%. This growing wealth gap is not the market's fault. It's the decaying fruit of bad economic policy."
Get it? The decaying fruit of the GOP's bad economic policies is destroying our economy.

Warning: this black swan won't be pretty, will shock, soon

His bottom line: "The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing ... it's a pity that the modern Republican party offers the American people an irrelevant platform of recycled Keynesianism when the old approach -- balanced budgets, sound money and financial discipline -- is needed more than ever."
Wrong: There are far bigger things to "pity."
First, that most Americans, 300 million, are helpless, will do nothing, sit in the bleachers passively watching this deadly partisan game like it's just another TV reality show.

You got that right Jack.

Go read the whole thing.
The fucking Democrats are just as guilty in the long run but the fucking GOP started this mess.
The guy is right about another thing, the jig is up.



300 million Americans, armed to the teeth and looking to kick someones ass, ain't going to be pretty.
We can be a nasty bunch.

11 comments:

  1. Stockman's just as insane as he was when he worked for Reagan. And people are still listening to him. That's why we're screwed - people talk nonsense like that and everyone assumes they know what they're talking about.

    Good grief, he's blaming us for dropping the gold standard! It's like he picked up some religion that was mistakenly named "economics theory" and he's been preaching it ever since.

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  2. Stockman conveniently does not discuss the corporate control of our elected offals. The 1%.

    GOP or DEM, is not an issue.

    Corporate control over our government is, and always has been (war machine), the problem.

    Thanks for the read Busted, had not seen or heard any of that.

    And to some extent, I'm also with Cujo, Stockman was and is a fucking loon, on top of all his doomsday shit being pretty accurate.

    As I keep saying, it's all unsustainable. The wars, the profiteering, the empire, the corporate fascism that owns our politicians and us.

    It has to collapse, with or without we the people doing anything about it.

    Too many with too little, too few with too much.

    Bad juju, as history shows.

    Good luck getting back to work Busted, after the times YOU'VE had lately!

    *G*

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  3. Nasty Girl11:44 PM

    The GOP may have started the mess but the Dems are not doing anything to make it better and are actually making it worse.

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  4. Both parties and the corporations have been dragging us down into this pit for generations. Larue is right, it's gotta collapse, because that's what Ponzi schemes do. Looks like we're just about there from where I'm standing. Bring it on sez I...

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  5. Glad you liked that as much as I did.

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  6. Dead on. It won't matter which party you blame. They're both guilty at this point. And it seems corporate America won't be happy until they've sucked that last bit of marrow from our cold dead bones.

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  8. Anonymous6:55 AM

    make sure spongebob crackwhore reads this, blows all his hot air away

    ReplyDelete
  9. You're still the same cynically sweetheart, ain't cha?

    I'm coming your way after Labor Day..you best watch your ass.

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  10. Anonymous12:08 PM

    OB, pal, lemmi tell u. No "party" is at fault. There fucking rats in the Gov. and the Shnobel Prize "winner" Friedman, not Stockman was the main influence of "spend baby, spend" idea.
    Secondly, folks, this is about time when everyone (no exeptions) walk to local library and request J.Perkins "Hoodwinked" (at least). If there money to cut from budget - gety urself a copy.
    Another "cookbook" is "And the money kept rolling in (and out): Wall Street, the IMF, and the ..." By Paul Blustein

    So regardless of "parties" greed and fear are the major factors.

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  11. Thank you for your hard work and sharing it with us. It goes well appreciated in my book.

    ReplyDelete