And those who think the incomprehensible form of toxic capitalism that evolved in the snake pits of Wall Street should be left unfettered — in keeping with the emerging Rand Paul wing of the Republican Party and lobbyist-rolled representatives of both parties — should consider an astonishing figure from the Treasury Department.
The financial meltdown cost Americans $17 trillion in lost household net worth between 2007 and 2009, according to Alan Krueger, the chief economist for the department.
“How’s that hands-offey, non-regulatory [sic] thing workin’ for ya?” was the stinging tag of a recent cartoon by Stuart Carlson. It was meant as a punchline, but if this election does turn out to be about Real Stuff, it could also serve as a question every candidate will have to answer.
Schadenfreude: ++!
4 comments:
Well, Obama is a socialist and that's worth $34,000,000,000 worth of freakout, so WHO'S THE REAL LOSER, HUH?
Winning Editor Gloats:
Picked the perfect time to lose my mind & retire.
Others may need to check their math before retirement. Those zeros COUNT!
(And spare us the "A thousand million is a billion excuse.)
Based on Personal Observation, it seems "losing one's mind' is a solid growth industry, perhaps the only one left.
Mental Health Ed. Types:
Industry on the march!!
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