the unexpected agents of dystopia - Phil Gramm and Allen Greenspan -

[JohnWxy]

During the cold war there was this idea bandied about that the USSR might build a doomsday weapon as an ultimate defense against attack from the U.S. It was supposed to blow up very dirty nukes and release enough nuclear fall-out to ruin the world for all living things except the cockroaches.

How ironic it is that it is the U.S. who has delivered a financial doomsday machine to the world with our Financial Deregulation Bomb which is spreading through-out the world's banks and financial firms and affecting all businesses. Who ever would have thought that Phil Gramm and Allen Greenspan (with there inane belief, rampant in Republican circles, that deregulation of the financial markets was a marvelous idea and would actually NOT lead us into trouble.) would turn out to be two of the most dangerous men in the world. Dangerously stupid.

Global financial crisis may hit hardest outside U.S.

GM Chrysler deal may cause 25,000 Layoffs I know GM and Chrysler's problems are due entirely to poor management but the recent Credit Catastrophe has killed lending to the buyers of cars as well as to the manufacturers. The Credit Disaster couldn't have come at a worse time and just may be the proverbial last straw. But for the Credit meltdown, I think GM could have made it through these tough times. But the meltdown of the credit system may just be enough to keep them from making it. And that isn't going to be good - for all of us.


Bye-bye the American Dream (image)

[aquart]

1. "Unexpected"?

Yeah, and no one could have expected planes to fly into a building.

[JohnWxy]

2. Well, there were those who knew better but they were drowned out by the right wing mob.

I guess I meant they don't appear dangerous and yet with their ideas and actions they are proving to be awesome in their destructiveness to society.