Scheer's notion that the "Clinton Bubble"--resulting from too much Rubinism--is the cause of the current economic turmoil is so simple as to be ridiculous. Scheer's article is typical of way too many writers/faux thinkers on both sides and the middle of the ideological spectrum as they try to write songs that may sell to an audience that is looking for something to hum along to and that does way too little real thinking to begin with.
The effort on the part of liberals and reactionaries--not to mention so-called "conservatives"--on Wall Street would have resulted in the greed schemes regardless of what laws and/or strict regulations were in place, because the Bushies were intent on a laissez-faire modus operandi regarding Wall Street and commerce anyway. I suggest that all of you "opinionators" in the chattering and writing class take a look at the recent NBC/MSNBC/CNBC treatment of the "current economic mess." That treatment gets to the nut-cuttin' and puts the blame right where it belongs: Wall Street and Republican dogma. Maybe you can take a look back at C. Wright Mills's White Collar and the Power Elite.
Apr 30 2009 - 4:20pm