This article comes compliments of THE Fly's site and his cutting edge awareness. I feel we are helpless to do anything about this, but it's fascinating nonetheless. We all know the next presidential administration is going to inherit a shitstorm, so I think I'll be enacting the Costanza-vote this November; voting for the opposite party that I might otherwise vote for.
From the recommended article:
"This biggest bailout and nationalization in human history comes from the most fanatically and ideologically zealot free-market laissez-faire administration in US history. These are the folks who for years spewed the rhetoric of free markets and cutting down government intervention in economic affairs. But they were so fanatically ideological about free markets that they did not realize that financial and other markets without proper rules, supervision and regulation are like a jungle where greed – untempered by fear of loss or of punishment – leads to credit bubbles and asset bubbles and manias and eventual bust and panics."
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