Discussion in 'Economy' started by JBeukema, Nov 13, 2010.
Yep, been saying for years that the myth of if it is good for Wall Street it is good for America is just wall Street sycophant propoganda.
Would "Main Street" feel better if "Wall Street" was hurting?
The main difference in this recession is the massive bleeding of jobs to offshore.
The old rules and fixes no longer fully apply. But the experts can't seem to figure that out and keep trying the same old things.
Wall Street takes enormous risk make enormous money. The financial system collapses causing unemployment to skyrocket. The government bails out Wall Street with taxpayer money, barely asking for anything in return. Wall Street goes back to making enormous amounts of money. Unemployment stays high.
Sounds fair to me.
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