the Holy Trinity of Wall Street snake oil, per d c johnston
Posted on: June 21, 2012 at 11:48:43 CT
(1)relentless tax cutting, (2)low fed rate policy, (3)free trade agreeements, esp with china.
these policy trends, esp since 2000, coincide with a wrecked economy, slow growth and unemployment, and a ruined middle class.
yet they are incessantly hawked by every econ policy asswipe on both sides of the aisle that we have produced in recent years.
they have accomplished nothing good for mainstreet america. but a lot for wall st and the financial sector. complete snake oil.
Edited by kbit at 11:52:40 on 06/21/12