snip> And on the subject of our present economic disaster, let us dwell on its causes. Unbrindled and uncontrolled capitalism always has great surges upwards and equally great collapses. Any student of American economics recognizes this. The last gasp of this boom/bust cycle was the collapse of 1929. Following this, controls were put onto the system to prevent future disastrous fluctuations and it is very, very important to recognize that it was the Republican administration of George W. Bush and the personal participation of Phil Gramm who jointly and eagerly removed these controls with totally predictable results. They indeed had their “free trade” boom and they did profit from it and now we have the resulting bust and we are the ones who have to pay for it. Republican writers are now talking about retaking power in America but unless they get the support of the remnants of the U.S.Army to help them, once the public realizes what Gramm and Bush did to their lifestyles, it will be decades before the Republicans ever get near the seats of power again.”

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