The neocons, by one or more names, have had twenty-some-odd years of “strangling” America’s economy. America’s economy, a strong economy, was not easily killed. But the neocons found a way.
Early on the neocons were depleting America’s TAX dollars by giving tax money back to their political base. All the while, neocons had very expensive tastes in wars. They dropped 3 trillion dollars on the Iraq war alone.
And speaking of wars not being over - Nicaragua, where the original neocon adopted a war, is still seeking millions from America’s treasury.
A graph of the neocons’ debt management should have caused America’s press to shriek. A fifth grader, viewing those debt graphs would likely have fainted. But sometimes the press looks with its “see no evil” latch turned on. Sometimes the press has more than a journalistic interest in the activity of a political party.
The neocons and their political base certainly have expensive tastes. And to ensure that those tastes are continuously satisfied the neocons, created the Gramm-Leach Bliley Act.
The Graham-Leach Bliley Act, created in 1999 by the neocons, essentially decoupled banks from the controls established to repair the Republicans 1929 Great Depression. The neocons called their 1999 creation – “progress”. And America’s press, apparently, took them at their word and passed that on to America’s CURRENT EVENTS news pool. The neocons removed the rules created to recover from the Republican’s Great Depression and replaced those rules with the 1999 rules that the neocons called ”progress”. America did not roar.
Banks, however, were not – early-on – activists in getting mixed-up in the financial derivatives and other high-risk financial markets. But in 2003 during America’s State of the Union Address, a “pep talk” on improving America’s economy was given. And banks “woke up” to the realization that regulation was now de-regulated. Gramm-Leach Bliley, dormant since 1999, became a very attractive tool for the political base of the neocons.
There is some arithmetic to do. How effective was de-regulation? Lets do the arithmetic. 2007(Great Recession) – 2003(de-regulation hype) = 4 years. It only took 4 years to crash an economy that was working fine in 2003.
Can Gramm-Leach Bliley do that again? Why not? If everybody lost, then it would likely not happen again. But when those who caused the problem earns million of dollar in bonuses where is the motivation to avoid the use of Gramm-Leach Bliley? Now remember the neocons don’t mind avoiding socialism. Socialism “is when” sea to shinning sea America benefits. A $9,000,000 bonus to a single American is NOT socialism. But $1.00 to 9,000,000 Americans IS socialism. Understand?
Gramm-Leach Bliley is a threat to America’s economy. Why not ”SOPA” Gramm-Leach Bliley?
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Tags: depleting america's tax dollars, Iraq War, neocon debt management skills, nicaragua, sopa gramm-leach bliley, strangling america's economy
