Skip to main content

View Diary: Mitt Romney's weird Clinton embrace (138 comments)

Comment Preferences

  •  On a related topic (2+ / 0-)
    Recommended by:
    Inland, sethtriggs

    I am still peeved that no one brings up the greatest disaster of the Reagan administration.  (I know, there are so many to choose from.  The roots of many of the problems plaguing us today were laid by this genial idiot and he merry thieves.)  Ignoring the effects of one of Reagan's worst (out of many) ideas has led to still greater train wrecks, yet it is being forgotten.

    I speak of the bright idea of deregulating Savings and Loans.  While still insuring them against losses with our money.  Anyone remember how well that turned out?

    Not only did the economy take a hit from that one, but so did the federal treasury, as it was a major part of Reagan's tripling the national debt during his term.  The only difference between that disaster and the Bush banking collapse was that at least a few of the S&L thieves went to jail.

    Sanders had it right last night:  if they want to gamble on high risk bets, let them.  Just don't let them do it if we poor schmucks are covering their bad judgment.  And please, please, please stop calling them "investments."  Let them lose their own money for a change, and see if that changes their behavior.

    "Some ... facts are true for no reason. They are accidental, lacking a cause or deeper meaning." Gregory Chaitin

    by Noziglia on Thu May 17, 2012 at 09:37:23 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site