1929 revisited

[AllentownJake]

Since the dawn of the new deal in 1932 the GOP has set out to destroy it. For what reasons I will never understand. Economic stability is a good thing for both the rich and middle class. The dow has dropped 10% in two days. Tommorow looks like another probably 5% or more drop. If a government buyout of AIG doesn't change the tide nothing will.

Hearing the GOP talking about regulation right now is making me laugh. These fuckers since Reagan did everything they could to undo Roosevelt. They have gutted the SEC and gutted the original Sarbanes Oxley act since 2002. What they haven't gutted they simply haven't enforced since 2001 when Bush was sworn in unless state AG's like Spitzer (Hooker scandal aside) forced them to by embarassing them. 60 years of economic stability undone in 8 years by these fucking crooks and yet because some Americans are too stupid and ignorant to get their heads out of their own asses the polls are tied or Obama by a small margin.

I hate to say it. This country is getting what it deserves right now. The American people's ability to be bamboozled by three line talking points and smears instead of looking at real issues and thinking before they vote has caused unspeakable hardship not only in America but in the entire world.

To the media talking heads I hope you had your money in fucking stocks. Your complicit and I hope you all go bankrupt with the rest of us.

[CountAllVotes]

1. that is what Rev. Wright said

in a nice way IMO. The chickens are coming home to roost!

:dem:

[alsame]

2. My grandparents were a newly married young couple during

the Great Depression. They never, ever felt financially secure again for the rest of their lives, even though they eventually recouped, owned a house and raised a family. The fear that it could happen again never left them. I suspect living through this will do the same to us.

[Caliman73]

3. Unfortunately

The chickens coming home to roost for the fools that elected Bush and his cadre of incompetents and crooks, are also taking a big dump on those of us who fought to elect responsible leaders and fight the Republicans. I'd rather not see all the dumb folks get their comeuppance as all of us are going to feel the pain. Unless there is some kind of secret plan us Democrats have to spare us from the suffering.

[mojowork_n]

4. Your post should be cast in bronze and

set into the sidewalk, in front of the Stock Exchange on Wall Street.

It's funny, I just took a book to the beach this afternoon, Rebecca West's Black Lamb and Grey Falcon, which had this great line about the crash of '29:

"from the uplifting windows of sky-scraper hotels... ruined bankers dropped like the gentle dew from heaven upon the place beneath."

We're never going to recover as a country until there are media alternatives to the Hate Radio gas bags. I was in the car the other day and all my music stations were playing commercials, so I switched over to AM to catch the great insights of Comedian Rush Limpballs.

The S.O.B. was framing the economic debate between the G.O.P. and Democrats as a choice between "capitalism" and "the free-market," and "centrally planned, socialist, Marxist economies."

Soooo laughably, richly stooopid, but there are so many people who take his every word for gospel.

[bvar22]

8. Only difference is:

The Bankers falling from the windows today ALL have Golden Parachutes.
Thats what they learned from 1929.

[greyghost]

5. Way to go Jake3463! Preach it brother!

[tom_paine]

6. Well said. K & R!

[Iterate]

7. Back in '98 or '99

I was talking with a relative who is a party activist and an attorney in eastern Iowa. He was going on at length about Bush and the danger he posed, giving any number of examples of laws and civil liberties he would attack, the allies he had, the ruthlessness. I wasn't convinced he would be nominated - how could they?, he was such a evil little lightweight. I've been down enough bad roads to know better, but I still couldn't accept it.

It must have been when Gramm-Leach-Bliley was being debated, because we were talking about how, after 80 years, they still hadn't given up on the 1920's, in law, in civil rights, in economics. And it made sense -the 1920's, the heyday of the Bush family.

So Jr. finally got them there, right back to 1929. I just hope it doesn't take 80 years to undo was he's done.

[longship]

9. Read "The Great Crash 1929" by Galbraith

It's a very easy, short read, but it contains a wealth of information on just what happened to put the Western world into a decade long depression. Granted we don't have the Ponzie schemes now, nor the FL swamp land sales, but many of the same ducks are in line today. Worst, many of the protections implemented in the 1930's, substantially by FDR, are now gone.

I'm not scared... I'm damned scared.

on edit: Recommended and :kick:ed.