Saturday, October 6, 2012

"Libertarian" Mike Whitney

advises more regulation, government agencies, and suggests the federal government come up with a plan for public education (a.k.a., propaganda) to avoid panic :
The markets need to be re-regulated now to restore credibility. But the Fed should looking for ways to create an emergency National Bank, which operates like a public utility, so that credit can be made available to businesses and consumers who need it now and pass drug test. The Treasury should also be working with Congress on a plan for public education to forestall a panic as well as recommendations for stimulus to soften the economic hard landing just ahead.
The "trickle down" Voodoo economic model was destined to fail because it was built on a fiction. Prosperity is not possible without the equitable distribution of wealth and fair worker compensation. As the financial crisis continues to ripple through the global economy through 2009 and 2010; the focus should be on creating a system that is sustainable, which means that the needs of workers should precede those of Wall Street and sell detox kits.
How innovative. Pass a urine drug test or other test. Whitney seems about as libertarian as our talk-show hosts are conservative.

No comments:

Post a Comment