Thadeus Thornton III

Recent Policy Decisions and a Greater Depression

One thing is for sure. This economic crisis is on it's way to provide a so called "level playing field" for everyone. Back in 1999 to 2000 when all the rich Big Boys raided the pockets of plain folks who pumped up the stock market with their 401K plan contributions, the Big Boys walked away with billions collectively and now got burned by their own greed in real estate speculation and "creative financial products".
No worries for them though. You can bet there are plenty of Big Boys out there creating "contracting" companies to get their hands on President Obama's stimulus money. That's a big reason why things look bad. Little or no checks or balances to fence off unscrupulous opportunists who claim to be making lemon aid out of lemons; but are really out to line their pockets with public money and provide little , if anything, for it. Don't believe it? Look at Haliburton and how they cashed in on "support" infrastructure for the wars in Afghanistan and Iraq. $100 to do a soldiers laundry. $1,000 a day per diem charges to Uncle Sam for "contract agents".
Well, maybe we've learned by now. Then again . . .