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To: Oblomov who wrote (82863)	8/8/2008 2:20:56 AM
From: bullbud	Respond to of 116555

"Weren't those four institutions responsible for putting us into, and keeping us in, Vietnam?" Another avid Rush listener I see. Dude, whatever you're smokin', we don't want any.

To: Oblomov who wrote (82863)	8/8/2008 1:44:09 PM
From: koan	Respond to of 116555

>>If Krugman is good enough for the New York times. MIT,Princeton adn Yale he is goodenough for me. Oblomov: Koan, you really should get out more. Weren't those four institutions responsible for putting us into, and keeping us in, Vietnam? KOAN: when you engage in debate it helps to stick to the subject at hand. Four times in the last 75 years banks have gotten into big trouble. Every time it was lack of regulations that casued the problem. Recent Newsweek: "as happened 75 years ago, wall street-after two terms of a business friendly republican president (Hoover) -self imolated on a pyre of greed, incompetence and excessive optimism." REscuing the banks under new regulations and The New Deal started to bring us out of our economic troubles. Things went well under the new Glass Steagall and other regulations for a long time. Then in 1980 to the present the neo cons led by Reagan started taking apart the New Deal and the Great society and we started down the road to bank problems again. And the rich got richer, the poor got poorer and the middle class disappeared. That is why bush and his brain father cheney do not want to havign any public programs. Even to the point of using 160,000 private peopel instead of military in Iraq. PRIVATIZE EVERYTHING the neo cons say and do away with all regulation and government programs. That is pure madness! Deregulation was the mantra of the day, including doing away with the Glass-Steagall act, which was imposed during the depression era to keep investment banks from buying commercial banks! The NEO cons philosophy is based on Ayn Rand's and Milton Friedman's sociopathic (and I might add simplistic philosophical)ideas of pure capitalism replacing democracy to a great degree. And their philiosophy of "greed is good". PS Greed is bad!!-lol