Leftfield

Forget the 1930s; We're Reliving 1975 (Part II)

Let's see, we are the biggest debtors in history, as opposed to being the largest creditors in the 70's. We have zombie states and banks galore now, propped up by the ever-handy pretend dollar (I vote we put Nixon's portrait on it). Detroit is virtually no more, propped up by the ever-handy DC magic wand, which all the above are using or expect.
We have decades of declining average pay, coupled with unprecedented wealth disparity. Capped by multi-$trillion bailouts of Wall St.
Come to think of it, most of these contrasts are even more striking against the 30's. But,, then, Washington went from 5% to 10% of our economy. Now it's some multiple of that and their groping hands are everywhere. Do you feel safer and more sure of the future?

Cramer's Stop Trading! They're Going to Make an Example of Ken Lewis (5/7/09)

Lewis is clearly not on the inside of the insiders. GS shamelessly slammed the taxpayers when they took over Bear Stearns and comes out smelling like, whatever makes them successful in DC. Look who Lewis, by doing a far less one-sided deal for Merrill, was helping? He apparently saved the government money and looked weak. Neither is valued by that claque. He was supposed to be representing the interests of BAC first, and he appears to be in no man's land now.