Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

December 24, 2008

Where's a Coffin When You Need One?

From the Huffington Post:
Laissez-Faire Capitalism Should Be as Dead as Soviet Communism -- Arianna Huffington

"It's time to drive the final nail into the coffin of laissez-faire capitalism by treating it like the discredited ideology it inarguably is.

"But most Republicans are still refusing to see what's right in front of them. Especially Bush, our CEO president, who lays the blame not on the failures of the marketplace but on past administrations and corporate greed. "Wall Street got drunk," he says. Maybe so, but who made the last 8 years Happy Hour, and kept serving up the drinks?"
Click here for the complete text.
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Btw-- another article in the same edition states that the current unemployment rate is the highest in 26 years. And who was in charge 26 years ago? Reagan and a Republican Congress. Just sayin.