Crooks and Liars:
On Tuesday’s Countdown, Keith looks at the market meltdown and how the failed policies of President Bush and the Republicans made it possible by deregulating the institutions that led us to where the economy is today, and by borrowing money from other countries to pay for massive tax cuts here at home.
Rachel Maddow joined Keith and talked about John Edwards, who was the first presidential candidate who talked about the impending crisis and suggested an economic stimulus package to head it off — and as long as the topic is the economy, he has the upper hand.
Maddow:”…Not only was he the first on talking about the stimulus package, as you mentioned, but he’s also been the populist guy on economics. He’s the guy whose been most willing from the very beginning to actually identify bad guys in the economy. To say, let’s be patriotic about something other than war, let’s be moralistic about something other than sex, let’s talk about corporate irresponsibility and corporations that don’t serve the people who work for them, or the consumers. Let’s actually identify un-American bad behavior in the economy and that kind of, I think, real forceful approach to the issue, is going to place him in good stead right now.”
3 comments:
it's a world wide bubble. they have been predicting its burst for six or so months now.
Yes Markie alot of us saw it coming. As a Mother you know when you keep spending and never collect you will run out. But Americans didn't bother to pay attention and now the Government will have to freeze the interest rates to get a hold on the problem. Each day we keep spending the problem gets bigger. There are two people people in the Government and friends of the Bush/Cheney crime family stealing to stop everyone. Look at Paulson who is still stealing while saying things are strong with economy.
ya, many americans don't have time to pay attention. they are too busy trying to keep their heads above water.
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