Today's Elites

Saturday, October 29, 2011

Democrats on Super Committee Plan for Savage Austerity on the Most Defenseless

The Wall Street speculators used the Clinton administration's ever so brilliant tactic of "triangulation" to repeal FDR's Glass-Steagall banking regulations thereby creating worthless trillions of dollars of unregulated derivative securities. This treachery is what sunk public finances.  Now Wall Street demands fascist austerity and the toady "Democrats" rush to implement it in lockstep, why should any but the most gullible mush-headed Pollyannas be surprised?

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