Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

2009 THE SECOND GREAT DEPRESSION

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 12:05 PM
Original message
2009 THE SECOND GREAT DEPRESSION

BY Guest blogger John Dudley, member of the Miami Beach Democratic Club

2009 is the year of change. We are truly living in a time of monumental history. There is no doubt that we are heading for the Second Great Depression in U.S. history. In relation to the 1929 downturn, historians emphasize structural factors like massive bank failures, the stock market crash, malfeasance by bankers and industrialists, and government inaction.

What has eight years of Republican rule and George Bush earned us? Republicans have given Americans loss retirements, bankruptcies, foreclosures, unemployment, falling wages, falling production, declining home values, a crashing stock market, bank closures, torture, U.S. citizen spying, growing poverty, disease and two wars. So why are we asking Republicans for more failed strategies? Is it for bipartisanship? There is no such thing.

Republicans see recession and depression as unavoidable under free-market capitalism as there are no restrictions on accumulations of capital other than the market itself. The Republican answer to greed is more deregulation, less government intervention and more tax cuts for the rich.

Americans have finally gotten past the Republican lies of weapons of mass destruction, fiscal conservatism, patriotism, epidemic corruption and sex scandals only to receive a daily onslaught of news regarding how their hard-earned tax dollars are being used to give multi-million-dollar bonuses to bankers and Wall Street executives. Let us emphasize that these are not your traditional ordinary bonuses. These are bonuses paid by tax-payers.

Who’s to blame? We can’t just blame Republicans. When Republican Treasury Secretary Henry Paulson and President Bush got together and requested the bailout from Congress, once again, Democrats capitulated. A Democratic majority Congress approved the Republican bailout without preconditions, which was once a Republican catchphrase. The results have been disastrous. The economy is worse.

Americans even went further and voted more Democrats into office. Yet, Democrats are still begging incompetent disingenuous Republicans for permission to enact a recovery plan. Why? What is wrong with Democrats? Is it fear? What Democrat or Independent has the courage to stand up and challenge these outrageous assaults to our Democracy? Are these Democratic cowards in a hurry to lose their seats to Republicans over the next two years and leave President Obama with change and not hope. Let’s ask former President Bill Clinton. It’s déjà vu all over again.

It’s a sobering fact to wake up today and know that the Republicans have lied to us every step of the way. We have been lied to over the war, the economy, education and jobs. So again, Americans hire a new person to fix the problem, President Barack Obama. Is President Obama so naïve to believe that Republicans will support his policies? Nonsense! President Obama has even commented that he wanted to work with Republicans because they have some good ideas. What? Republicans have good ideas?

The real leaders of the Republican Party, Fascist Rush Limbaugh and Fox News Totalitarian Shaun Hannity have stated their position. They hope President Obama fail. Is this free speech? Is this hatred? Is this treason?

Continued>>>
http://www.fftyc.cn/index.php/article/house/2009-02-21/12245.html
Printer Friendly | Permalink |  | Top
getthefacts Donating Member (190 posts) Send PM | Profile | Ignore Sat Feb-21-09 01:06 PM
Response to Original message
1. Wow,
Now I'm depressed all right...
Printer Friendly | Permalink |  | Top
 
pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 01:32 PM
Response to Original message
2. the media and many people STILL believe
in the grover norquist/ronny raygun-taxes bad, government bad. drown the government in a bathtub? looks like the economy will drown in the bathtub. we have to KILL voodoo/supply side economics.
Printer Friendly | Permalink |  | Top
 
jgraz Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 03:58 PM
Response to Original message
3. Correction: The Second Great Republican Depression.
Edited on Sat Feb-21-09 03:58 PM by jgraz
Credit where credit is due.
Printer Friendly | Permalink |  | Top
 
indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 04:25 PM
Response to Original message
4. Succinct and irrefutable
:D
Printer Friendly | Permalink |  | Top
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sat Feb-21-09 04:40 PM
Response to Original message
5. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
Danascot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-21-09 05:10 PM
Response to Original message
6. A rant worthy of our own NanceGreggs
K&R
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 26th 2024, 10:43 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC