The House just voted down the unprecedented, capitalism-hating $700 billion bailout bill and has moved on to more inconsequential matters. The final tally was 205 yay, 228 nay. The Dow Jones is not happy.
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America Will Not Become France Yet
By ANIMAL |
One Response to “America Will Not Become France Yet”
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This type of wealth disparity in this country is ridiculous and a hazard to a functioning democracy and free market. The $20.3 billion paid out as bonuses on Wall Street could support over a quarter-million good-paying middle class jobs. I truly believe the best way to prevent socialist tendencies in government is to prevent the accumulation of extreme wealth amongst the elite. Supply-side economics doesn't need to rely on the top-income earners to invest if there is a healthy middle class. It seemed that America functioned just fine (likely better) when the income disparity was much lower.