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01-17-10, 02:48 PM #1
Is the American economy destined to fail?
It has been said that absolute power corrupts absolutely. This has become more evident as we watch America’s economy sink under the weight of lobbyists and Wall Street bookies. We are no longer a country that gives its greatest rewards to those who work the hardest. We have become a nation that financially rewards those who scheme the best.
Nobel Prize-winning economist Joseph E. Stiglitz said, “There used to be a social contract about the reasonable division of the gains that arise from acting together within the economy. But something happened 30 years ago, as the era of Thatcher/Reagan was ushered in. There ceased to be any sense of fairness… It became perfectly respectable to call it incentive pay, even when there was little relationship between pay and performance.”
Without bailout money from the taxpayers, the corporate gamblers that provolked our financial crisis would have simply lost. Game over. But the powers that be decided that it would be better to break the laws of capitalism. Washington stepped in and changed the rules of the game after it was over. What we have in its wake is an epidemic of foreclosures, rising unemployment and a disintegrating standard of living.Do not war for peace. If you must war, war for justice. For without justice there is no peace. -me
We are who we choose to be.
R.I.P. Arielle. 08/20/2010-09/16/2012
01-17-10, 02:51 PM #2
Nothing is destined, but those are valid points.
01-17-10, 03:53 PM #3
Leave it to Stiglitz to blame it on Reagan and Thatcher.....
The guy is borderline putz....I don't think our econemy will fail.....it could....but it won't. Watch the 2010 and 2012 elections and regain some of your faith.
Car 4I would like my country back. I used to believe that one man could never destroy this country. Not so sure anymore!
01-17-10, 05:37 PM #4
What we really need is all of the gov't. to take a month off without coming up with any new "bail-out" or "stimulas" plans, knock off all of the pork barrel spending, and bring back the draft . Get rid of the current welfare system, and make those who want help, work for it. I have to admit I get P.O.'d when I see a future thug or thugette strolling around in the middle of the day without a care in the world when most people have to bust their ass to get ahead.For the morning will come. Brightly will it shine on the brave and true, kindly upon all who suffer for the cause, glorious upon the tombs of heroes. Thus will shine the dawn.
01-18-10, 01:26 AM #5
Did that shitbag actually attempt to blame this shit on Reagan and Thatcher?
Oh holy shit.
If we could dust off and prop up Reagan and Thatcher we'd be out of this shit with double digit growth in 12 months.I'm your huckleberry...
Quemadmoeum gladis nemeinum occidit, occidentus telum est!
You can be the weapon, and the gun in your hand is a tool - or the gun is a weapon and you are the tool.
I was looking for a saint who was a devil of a lover,
but every girl I found was either one way or the other...
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