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wf3h[_2_]

On Tue, 14 Jun 2011 11:48:14 -0400, wrote:

On Tue, 14 Jun 2011 06:16:40 -0400, wf3h wrote:

On Tue, 14 Jun 2011 00:52:13 -0400, wrote:

On Mon, 13 Jun 2011 17:43:03 -0400, wf3h wrote:

then why have the richest 1% gotten so much bigger?

Because government tax policies and import policies made it a lot more
profitable to make things offshore and import them.

meaningless cliches.

It may be a meaningless cliche but you go on to demonstrate why it is
right.

so the rich structured financial policy in the US so that

-the middle clss got gutted
-they made HUGE amounts of money

yep.the right wing has controlled the economic debate for 30 years.
that's pretty much right

yep.

Then you had the Clinton era deregulation that made the idea of money
making money more attractive than actually making anything.

yep. authored by a GOP congress...repeal of glass steagall made the
banks free to do what they wanted

That just made the banks free to consolidate (AKA too big to fail)

and the right defends this.

then came consolidated supervised entities...the final coup de grace
authored by george bush and the right wing GOP congress where the
banks promised to regulate themselves and be good. honest!!! TRULY!!

Which bill was that?]

it wasnt a BILL it was a regulatory (or lack of regulatory) scheme
called 'consolidated supervised entities' where investment firms
promised, on the souls of their grandchildren, to regulate themselves.

and we all know how that worked out. but the right still thinks it's a
good idea