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View Diary: Telecoms take HUNDREDS OF BILLIONS for national broadband, but don't want to deliver (145 comments)

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  •  To extend upon your comment. (0+ / 0-)

    Actually, deregulation of healthcare happened under Richard Nixon, who let the formerly stable non-profit healthcare system be gutted by the rentiers of medicine. Carter contributed to the mess by deregulation of trucking and airlines and initiated deregulation of communications.

    In sum, there has been systematic bipartisan looting and pillaging of America starting in the late 1960s and continuing through today.

    The monied interests always win.

    If you don't watch news, you're un-informed. If you watch Fox news, you're mis-informed. (paraphrasing Mark Twain)

    by edg on Sun Mar 16, 2014 at 03:08:24 PM PDT

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    •  I agree (0+ / 0-)

      However as bad as those were, the federal law overriding the state usury laws is all but forgotten. Plus it was maybe the most damaging in the history of our nation. Mortgages jumped from 7% to 16% overnight and the new freedom really created the nationwide credit industry. Suddenly MasterCard and Visa could register in DE or Idaho with favorable laws and for all legal disputes be resolved under their home laws as well as have a national interest rate on their cards. Consumer abuse raged at that point! Good ole boy Jimmy got roped in by the Congress and added that gross distortion of the economy to his legacy! I was working construction at that point and the whole housing industry shut down in days of that passing and being signed into law.

      •  I remember. (0+ / 0-)

        I bought my 2nd house in September 1979 at 7% interest. Had I waited a few months, I would not have been able to.

        If you don't watch news, you're un-informed. If you watch Fox news, you're mis-informed. (paraphrasing Mark Twain)

        by edg on Sun Mar 16, 2014 at 10:19:17 PM PDT

        [ Parent ]

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