Tag: The New Deal

The sound of the nation’s integrity hitting rock bottom.

The New Deal 2.0:


You’re fucked by the shadow ruling elite.

Here’s one of many dogs that did not bark in Obama’s speech on financial reform:

You see, there has always been a tension between the desire to allow markets to function without interference and the absolute necessity of rules to prevent markets from falling out of kilter…blah, blah, blah….

….And I read a report recently that I think fairly illustrates this point.  It’s from Time Magazine.  I’m going to quote:

 “Through the great banking houses of Manhattan last week ran wild-eyed alarm.  Big bankers stared at one another in anger and astonishment.  A bill just passed… would rivet upon their institutions what they considered a monstrous system… such a system, they felt, would not only rob them of their pride of profession but would reduce all U.S. banking to its lowest level.”  

That appeared in Time Magazine in June of 1933.  (Laughter and applause.)  The system that caused so much consternation, so much concern was the Federal Deposit Insurance Corporation, also known as the FDIC, an institution that has successfully secured the deposits of generations of Americans.

Amid the laughter and applause, did you hear the silent dog?  

The Economic Bill of Rights — and the long March of History

Franklin D. Roosevelt’s “The Economic Bill of Rights”

In our day these economic truths have become accepted as self-evident. We have accepted, so to speak, a second Bill of Rights under which a new basis of security and prosperity can be established for all-regardless of station, race, or creed.

Among these are: