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Barack Obama

Man from Pickens

(1,713 posts)

5. I can immediately spot two huge omissions

Reply to applegrove (Original post)

Sat Sep 20, 2014, 11:39 PM

Sep 2014

1971 - Nixon closes the gold window, untethering the currency from any objective standard, a necessary requirement for the future bubble-blowing that wrecked the middle class;

1999 - Graham-Leach-Bliley Act repeals Glass-Steagall, taking out the last barrier to infinite banking leverage, which put us in a state of constant, massive monetary abuse - from this point forward incomes have steadily dropped in real terms while GDP has allegedly risen.

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Highlight:

America Keeps People Poor On Purpose: A Timeline of Choices We've Made to Increase Inequality [View all] applegrove Sep 2014 OP

K/R (nt) NYC_SKP Sep 2014 #1

I love Yes magazine. littlemissmartypants Sep 2014 #2

Great post. IrishAyes Sep 2014 #3

And check out the Yes! Magazine website. Always good stuff there. freshwest Sep 2014 #6

Reaganomics worked in the 80's and still working, never did trickle down, stuck and we need to Thinkingabout Sep 2014 #4

I can immediately spot two huge omissions Man from Pickens Sep 2014 #5

Adding link to Yes Magazine, full article. NYC_SKP Sep 2014 #7

I don't know why the link didn't render for me. Thanks. applegrove Sep 2014 #8