Posted 2 years ago on Jan. 9, 2012, 9:07 a.m. EST by shadz66
This content is user submitted and not an official statement
Here are two contradictory facts one must keep in mind if you wish to understand American politics today :
1) The citizens of The USA are entering the fifth year of a profound economic slump that was brought on, in large part, by the Government's failure to adequately supervise financial institutions - a matter of deliberate national policy that was justified over the years by the familiar neo-liberal 'faith' that market forces would cause the financial institutions to regulate themselves.
2) The main political effect of this slump seems to be the strengthening of the right-wing of The Republican Party, with its doctrinaire insistence on further deregulation. In fact, of the various Republicans who have a 'realistic' shot at the presidency, each one has publicly declared that regulation is one of the greatest evils facing The USA and has sworn to liberate banks and financial institutions from government supervision.
Thus in short, to rage so violently against any financial supervision is a very peculiar way of responding to a severe economic downturn brought on by a largely unsupervised financial sector !
What has happened since 2008 seems to be something unique in American social history : A 'mind-managed' mass movement converted to 'Free-Market Theory' as a response to hard times. Before the current recession (depression ?), people who had been cheated by The Bankers never took that occasion to demand that The Banksters be freed from the 'red tape' and scrutiny of The Law !!
Before 2008-11, the man in the bread line or on food stamps did not ordinarily weep for the man lounging on his yacht !!!
WTF is going on America ?!!
Donde Estan Los Indignados ?!