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View Diary: The Ginormous Banking Enema of 2008 (24 comments)

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  •  dates back to Reagan, more complex (2+ / 0-)
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    shirah, Neon Vincent

    It really dates back to Reagan's administration, but Bush deserves the lion's share of the blame. I think it is a good bit more complex than just tax cuts, but that is a nice, easy meme for the common man to digest. Trickle down applies ... but not to profits, just to losses :-(

    •  Bill Clinton deserves a lot of blame (0+ / 0-)

      NAFTA and other trade deals abetted the loss of jobs and depressed wages. But that's only a piece of it.

      He also supported deregulation and privatization, as did Al Gore. More than supported it - pushed it.

      They also undermined unions.

      There's more, but we shouldn't forget their responsibility.

      And Carter deregulated the airlines. And that has been a disaster with virtually no upside - no matter what they tell you.

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