“With NAFTA, with welfare reform, with his plan for privatizing Social Security and Clinton’s celebrated lifting of the rules governing banks and telecoms…Clinton simply treated different groups of Americans in radically different ways— crushing some in the iron fist of the state, exposing others to ruinous corporate power, while showering the favored stratum with bailouts, deregulation, and a frolicking celebration of Think Different business innovation.”
Thomas Frank
Clinton was the original scumbag
“The European Central Bank did nothing today. It is what they seem to do best.
They suggested that they might start buying corporate bonds, presumably at non-market rates.
Why don’t they just mail envelopes stuffed with cash to their corporate cronies and banksters? I mean, from what I can tell, most of the policy in the US and Europe has been focused on further enriching a wealthy few, and sustaining a corrupt financial system that is unsustainable without heavy subsidies and seigniorage of information, special allowances, and outright monetary assistance.
In their defense, the Fed is just as bad or worse when it comes to lack of principles and cronyism.”
Jesse
Today is National Farmers Day.