Not a new Problem (Reply #5) - Democratic Underground

In the discussion thread: Single paragraph explanation of the financial crisis by Prof Mark Blyth [View all]

Sun Jan 10, 2016, 12:34 PM

5. Not a new Problem

Look at how Clinton, Bill went from proposing spending as a solution, to implementing austerity. All it took was one meeting with Ayn Rand Jr ie Alan Greenspan and the left folded. The SAME thing happened after the tech bubble burst and after 2008. Corporations stripped the economy to reinforce their own self-interests - promising it will save the economy.

And yet magically the middle class hasn't recovered. And the rich get richer.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum

Replies to this discussion thread

52 replies	Author	Time	Post
Single paragraph explanation of the financial crisis by Prof Mark Blyth [View all]	Triana	Jan 2016	OP
That lays out how the wealth transfer occurred	GummyBearz	Jan 2016	#1
Are we tlking about the financial crisis from nearly 8 years ago?	MohRokTah	Jan 2016	#2
Uh, look at stocks and high yield bonds	GummyBearz	Jan 2016	#3
OFFS!	MohRokTah	Jan 2016	#4
Well thought out reply	GummyBearz	Jan 2016	#6
You're screaming the sky is falling because of normal correction behavior in the markets?	MohRokTah	Jan 2016	#9
Hey, have you been listening to right wing talk? I hope you will protect your	Duval	Jan 2016	#12
Hey, do you have a clue how the markets work?	MohRokTah	Jan 2016	#13
Would you please explain "how the markets work" to those who do not	JDPriestly	Jan 2016	#33
The markets go up. The markets go down.	MohRokTah	Jan 2016	#38
Not sure who saw a greater than normal return. My husband did not. He lost a large part of his	glinda	Jan 2016	#41
The DOW is still higher than it was at it's highest before the 2008 crash.	MohRokTah	Jan 2016	#42
He is under the TRA and their investments did not come back near enough.	glinda	Jan 2016	#52
Perfect explanation, well done. DU in general does not understand how Wall St. / investments work	JonLeibowitz	Jan 2016	#44
Nothing about the banking crisis of 2008 was "normal correction behavior in the markets" the U.S.	Uncle Joe	Jan 2016	#31
The poster was talking about the losses in the markets last week. eom	MohRokTah	Jan 2016	#37
Your love of Wall Street is impressive in its consistency.	Ed Suspicious	Jan 2016	#18
This message was self-deleted by its author	GummyBearz	Jan 2016	#20
This was meant for Moh	Ed Suspicious	Jan 2016	#21
Got it... that had me pretty confused	GummyBearz	Jan 2016	#22
Capital investment makes the economic world go 'round. eom	MohRokTah	Jan 2016	#39
It sure is. nt	laundry_queen	Jan 2016	#43
Reminds me of Banned from Kos.	Octafish	Jan 2016	#50
Not a new Problem	EdwardBernays	Jan 2016	#5
President Clinton and the Chilean Model: Midnight at the House of Good and Evil	Octafish	Jan 2016	#28
Thanks :)	EdwardBernays	Jan 2016	#29
Wow, had never seen that	dreamnightwind	Jan 2016	#34
Bill Clinton at the Pete Peterson Institute speaking with other Democrats and Republicans such as	DhhD	Jan 2016	#47
K&R	abelenkpe	Jan 2016	#7
sorry that's just dumb	hfojvt	Jan 2016	#8
Sure glad you smartened that 'dumb' OP up!	elias49	Jan 2016	#10
That's because the debt causers own the government. nt	valerief	Jan 2016	#11
You win the thread	malaise	Jan 2016	#14
Would you include US finance leaders like these?	appalachiablue	Jan 2016	#16
Yep. They support the oligarchy all right. nt	valerief	Jan 2016	#17
This will go right over the head of dullards.	Rex	Jan 2016	#15
What do u mean 'will'? It's already "gone over the heads" of some up-string Wall St. butt kissers nt	99th_Monkey	Jan 2016	#30
Their are always more willing to join into the grand scam.	Rex	Jan 2016	#35
I have seen this before some where (FB maybe?) bears repeating. K&R	Hiraeth	Jan 2016	#19
Look up Two Santa Claus theory	Cary	Jan 2016	#23
What pisses me off is when I get an email from someone railing about how much congress gets paid....	Spitfire of ATJ	Jan 2016	#24
Just saw "The Big Short," which addresses this issue.	FairWinds	Jan 2016	#25
I saw it yesterday. It's fantastic.	Pacifist Patriot	Jan 2016	#40
Know Thy Enemy - Oligarchs, Corporations, Banks And Their Media Minions And MIC Henchmen	cantbeserious	Jan 2016	#26
The last sentence has the key	Babel_17	Jan 2016	#27
That is why we never hear this from the corporate media.	Enthusiast	Jan 2016	#32
Professor Blyth is missing something important	denem	Jan 2016	#36
K&R for truth.	Betty Karlson	Jan 2016	#45
I know nothing about how to successfully invest in Wall Street	90-percent	Jan 2016	#46
Sounds like a pretty simple explanation	The2ndWheel	Jan 2016	#48
K&R Ah, Wall St. Where democracy for all went to die.	raouldukelives	Jan 2016	#49
Does Mr. Moh think . .	FairWinds	Jan 2016	#51

Edit History

Please login to view edit histories.