Trickle-UP Failure.

What we are seeing these days is the result of 24+ years of republican deregulation and the failure of the trickle-down hypothesis.What we are seeing has two components:Irresponsible behavior of banks, loan companies and investment companies enabled by deregulation, and fueled by corporate greed (which will never regulate itself).Failure at the level of the common worker to be able to meet basic living standards with inadequate pay, failure that has trickled up to the point where it topples big companies, no matter how well insulated they are by massive profits of corporate CEO's etc.The gross profits enabled by the kick-back policies of republican presidents has not trickled down to the level of the common worker, it sits in fat-cat pockets, the people that walk away from failure with multi-million dollar golden umbrellas.Instead the economic reality of the common worker has trickled up.It is time to realize (if you haven't already) that republican economic policies are a failure.Enjoy.

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Rebel American Zen Deist
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Hi RAZD, I take it you mean this kind of thing;

quote:

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Number Crunching

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$6.6bn Losses by Lehman Brothers in 2008 up to point it went bankrupt.

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$8.7bn Staff bonuses paid out by Lehman Brothers in 2006.

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From the latest issue of Private Eye. I think it speaks volumes...Mutate and Survive

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"The Bible is like a person, and if you torture it long enough, you can get it to say almost anything you'd like it to say." -- Rev. Dr. Francis H. Wade

Wasn't that deregulation signed in late 1999 by Clinton, after being passed by a Democrat-controlled congress? From Wiki:

On November 12, 1999, President William J. Clinton signed into law the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act of 1933. One of the effects of the repeal was to allow commercial and investment banks to consolidate. Some economists have criticized the repeal of the Glass-Steagall Act as contributing to the 2007 subprime mortgage financial crisis.[8][9]

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The repeal enabled commercial lenders such as Citigroup, the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities. Citigroup played a major part in the repeal. Then called Citicorp, the company merged with Travelers Insurance company the year before using loopholes in Glass-Steagall that allowed for temporary exemptions. With lobbying led by Roger Levy, the "finance, insurance and real estate industries together are regularly the largest campaign contributors and biggest spenders on lobbying of all business sectors [in 1999]. They laid out more than $200 million for lobbying in 1998, according to the Center for Responsive Politics..." These industries succeeded in their two decades long effort to repeal the act.[10]

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Religious belief does not constitute scientific evidence, nor does it convey scientific knowledge.

It most certainly hasn't been only Republicans favoring deregulation and causing this whole mess.It's referred to as a "Repiblican policy" because "trickle-down" economic policy was really kicked into high gear by Reagan, the Messiah of the Republican Party, and becasue chumps like Bush and McSame run on such policies.Democrats tend to not run on the same policies...and then vote for them anyway, essencially stabbing us in the back. I'm not sure if they're actually that dishonest or just compeltely spineless, but the end result is the same. I imagine that's the reason Congress has such a low approval rating - it's just too bad nobody thinks their representative is part of the problem.

Nope. Congress was GOP controlled since 1994. The Democrats regained the majority in 2006.Phil Gramm was the main sponsor of that bill and was a Republican. Phil Gramm is also one of John McCain's closes economic advisers and the one who proclaimed that we are a "nation of whiners" when it comes to the current economic crisis.Clinton signed it because he is a DLC, pro-business democrat.

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Of course, biblical creationists are committed to belief in God's written Word, the Bible, which forbids bearing false witness; --AIG (lest they forget)