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View Diary: The Moral Rot of America, the Well Has Been Poisoned. (143 comments)

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  •  Robert Reich posits a hypothetical (6+ / 0-)

    Independence Party that attracts elements of the Left and Right in his book Aftershock. I could see this happening if we don't get more reasonable reform and I don't see reasonable on the horizon.

    The platform of the Independence Party, as well as its message, is clear and uncompromising: zero tolerance of illegal immigrants; a freeze on legal immigration from Latin America, Africa and Asia; increased tariffs on all imports; a ban on American companies moving their operations to another country or outsourcing abroad; a prohibition on "sovereign wealth funds" investing in the United States. America will withdraw from the United Nations, the World Trade Organization, the World Bank, and the International Monetary Fund; end all "involvements" in foreign countries; refuse to pay any more interest on our debt to China, essentially defaulting on it; and stop trading with China until China freely floats its currency.

       Profitable companies will be prohibited from laying off workers and cutting payrolls. The federal budget must always be balanced. The Federal Reserve will be abolished.

       Banks will be allowed only to take deposits and make loans. Investment banking will be prohibited. Anyone found to have engaged in insider trading, stock manipulation, or securities fraud will face imprisonment for no less than ten years.

    The frog jumped/ into the old pond/ plop! (Basho)

    by Wolf10 on Thu Oct 28, 2010 at 03:59:56 PM PDT

    [ Parent ]

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