Monday, September 15, 2008

Denial is Not An Economic Recovery Plan


Speaker Pelosi ... I feel the Democrats ( that would be, we, the Opposition) need to hammer two things home.



First, that the Gramm-Leach-Bliley Act was a miserable piece of legislation that has critically undermined the US Economy and needs to be repealed and the Glass-Steagall Act reinstated until such time, as a responsible replacement is arrived at. In addition, all of the companies that have benefited from the GLBA and consolidated be broken up. Sanity before Profit; Stability before Market Fantasy.



Second, it must be declared that the Chicago School of Economics (Milton Friedman) has proven a failure and must be replaced with the Keynesian approach of balanced economy which has proven successful for the US in the past. It is the duty of the US Government to ensure a stable economy for all Americans, and not engage in farcical perpetual wealth schemes that are as self defeating for the United States as notions of Social Darwinism.



These are tough times that require spine, not hedging ... SPEAK OUT! The Dems and Obama need to declare Friedman a farce in order to get the economy back on track. Resurrect Keynes Speaker Pelosi!!!
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