Buzzkill: Bad Jobs Report

[jms62]

So Glass/Steagall enacted after the Great Depression so we wouldn't have another. It is repealed and low and behold within 10 years another depression.

[Danzig]

Originally Posted by jms62

So Glass/Steagall enacted after the Great Depression so we wouldn't have another. It is repealed and low and behold within 10 years another depression.

Those who ignore history......


Yeah, european banks were going hogwild, so us banks wanted a level playing field. Tada. They got it, and look where it got us. And europe.

[Rudeboyelvis]

Originally Posted by jms62

So Glass/Steagall enacted after the Great Depression so we wouldn't have another. It is repealed and low and behold within 10 years another depression.

Yup...They fought it for 65 years until Clinton finally got almost all of the language repealed. And then almost overnight Bush 41 and he walked arm and arm extolling the virtues of NAFTA which was the push off the cliff.

[jms62]

Originally Posted by Rudeboyelvis

Yup...They fought it for 65 years until Clinton finally got almost all of the language repealed. And then almost overnight Bush 41 and he walked arm and arm extolling the virtues of NAFTA which was the push off the cliff.

Rosss Perot basically handicapped this whole jobs situation in the early 90's. I needed that foresight at Saratoga. Clinton doesnt get the "credit" he deserves for getting the ball rolling in the wrong direction.

Ross Perot and Ron Paul are both crazy. Just remember that when your wife is blowing a Hells Angel for a loaf of bread.