Reply #20: No expertise in economics, but I can't do any worse than those who make the claim. [View All]

[jotsy]

or we wouldn't be where we are, which enhances ugly exponentially at will.

Someone here once asked what to call this economic chapter of the country's story. From the choices of recession and depression, I deemed repression as more apt an expression than either of the two familiar terms. The original depression was engineered by the bidders on task for the elite. Today's version are Gucci clad gophers given the chops to chew away at a public's well being. If FDR hadn't been so resourceful and diligent, I believe the state we find ourselves in could have come along much sooner. The pillars he put in place have seen some protections put between the foxes and the hen house.

How that has changed is in the architecture of a multi pronged long term plan. Education, employment and effectual incidentals, like the cost of everything from utilities to groceries to gas getting thrown out of reach for the average citizen, once applied collectively. This would be early to mid 90's, a decade and a half into the notions of Richard Wolff and theories outlaid in 'Capitalism Hits the Fan' which essentially contend wages went stagnant at the end of the seventies, yet productivity increased, making greater profits for owners. Credit was offered to fill the gap at reasonable rates until everybody was on the hook and in over their heads, then the ante got upped with interest rate formulas that would make loan sharks blush for the sheer nerve of it.

All the while education has seen diversity and depth diminished with the finishing touch of withheld federal funding for failure to pass tests in NCLB to deliver a society not intellectually equipped to decipher and sort the layers of deceit. This just after Clinton's agenda of a 21st century bridge to the future being best forged as part of a global economy and our accommodating desire to feed a money hungry WTO hits full swing and jobs begin fading from the national landscape. Now throw into that mix an artificially driven housing market and financial institutions who start raking in billions just for overdrafts along with insurers who demand more to order deliverers do less. I'm not depressed or recessed, and I'd only feel oppressed if the position of the PTB wasn't so reinforced backing up all that monetary might in addition to the military maniacals at the end of their leashes, managing the perception employing authoritarian techniques.


The well offs got made more whole at our expense as an early October surprise during the last general election cycle, at our expense no less. Our daily struggles to keep fluid in food and shelter are realities to us, but we aren't real to them and we won't be for as long as we fail to correct their position that we simply don't have a choice.

This is link to an interview with Richard Wolff, referred to above, it's not his documentary, which should be seen by all who want to understand, but his assessment of the recently passed fin-reg bill. Nothing's changing til we make it so. All three branches of government charged with the task of seeing to the people's business don't work for the people anymore and haven't for some time.

I'll be stepping off that soap box now, tyvm.

<http://www.youtube.com/watch?v=SXbSNs33b48&feature=related>