They have a
lot of flaws----both parties are immature and for big business. The
Republican Party is the lobby for big oil tycoons and the Democratic
Party is the lobby for the medical mafia and big pharma.. Some of the
hugest debts to society are caused by the medical mafia but we will also
never have an alternative to big oil because of Republican party so
both parties do a lot of damage. Energy and health are major faucets of
society that people rely on and they are doing great damage in the name
of profit and expanding these industries in a harmful way. Drugs for
instance don't cure diseases and alternatives are illegal.. More care
doesn't do any good if the quality is so poor you are better off
treating yourself in many cases.
The Democrats are responsible for deregulating the banks and causing the 2008 financial crisis which was blamed on the Republicans ironically but it was actually because of the changes the Democrats made, although I agree trickle down economics are a joke, but the Dems are hardly for a healthy economy. In the 1990's Bill Clinton deregulated the big banks by repealing the Glass Steagall Act (the repeal was strongly supported by Republicans as well---who may have drafted the repeal in the first place but Bill Clinton finalized it). This made it so a regular bank could gamble with your deposits at 10-1 leverage for every dollar you deposit.. Bill Clinton also made it easy to get home loans setting up the stage for the housing crisis. It did not help poor people because they had to give up their homes.
Bill Clinton didn't stop there though he wasn't done doing damage to the economy --- he made it so the way economic statistics are calculated so people who give up looking for work are not accounted for. Currently they say unemployment is improving but the fact of the matter is if Bill Clinton didn't change how unemployment was calculated it would be over 20% which is worse than The Great Depression. Now you know why I hate both parties..
The Democrats are responsible for deregulating the banks and causing the 2008 financial crisis which was blamed on the Republicans ironically but it was actually because of the changes the Democrats made, although I agree trickle down economics are a joke, but the Dems are hardly for a healthy economy. In the 1990's Bill Clinton deregulated the big banks by repealing the Glass Steagall Act (the repeal was strongly supported by Republicans as well---who may have drafted the repeal in the first place but Bill Clinton finalized it). This made it so a regular bank could gamble with your deposits at 10-1 leverage for every dollar you deposit.. Bill Clinton also made it easy to get home loans setting up the stage for the housing crisis. It did not help poor people because they had to give up their homes.
Bill Clinton didn't stop there though he wasn't done doing damage to the economy --- he made it so the way economic statistics are calculated so people who give up looking for work are not accounted for. Currently they say unemployment is improving but the fact of the matter is if Bill Clinton didn't change how unemployment was calculated it would be over 20% which is worse than The Great Depression. Now you know why I hate both parties..
Neal
Vanderstelt Author of Global Economic Collapse and The New Dark Ages |
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