The Whole Delivery

Via a terrific post from bobswern , Columbia University professor and Nobel laureate Joseph Stiglitz explains clearly why we are in the economic mess that we are in , showing the key five reasons. 1)The Reagan administration's decision to replace Federal Reserve Board Chair Paul Volcker with Alan Greenspan 2) The veritable repeal of the Glass-Steagall Act, due to the passage of the Gramm-Leach-Bliley Act 3) George W. Bush' tax cuts (2001, 2003), along with various other "leeches," such as the Iraq War, and the country's dependence upon foreign oil--two key factors that have sucked trillions of dollars out of our economy over the past three decades--in other words, very little was done to actually stimulate the economy, instead a focus upon economic bubbles was the rule of the day; 4) The epic fail of the ratings agencies (with Standard & Poor's, Moody's, and Fitch being the three largest), along with a Wall Street ethos that amplified Michael Douglas...

Unbelivable. Shameful. Speechless. The short clip The Long clip A must see response by "The Nation" editor Katrina vanden Heuvel, as she gets emotion about what utter piece of (explicit) Bachman said to Matthews. Something needs to be done about this reckless, pestilent, and deplorable horror of comments Bachman or any American makes. It is vile and scary, as vanden Heuvel said. And it brings out the ugly in America, even from its supposed leaders.