Thursday, October 23, 2008

Conservative Movement Admits Defeat

Now That the Conservative Movement Has Shown Defeat in the economic argument between free markets and regulation, it’s time for their economists to work on something new. Despite America’s high respect for former Federal Reserve Chairman Alan Greenspan, the weakness of economic ideals based on the free-market theories of Ayn Rand and Atlas Shrugged should have been apparent long-ago.

The Failure of These Policies Shows Clearly in the current economic crisis:

Free-Market Policies Only Benefit CEOs and Upper-Level Management, as blue-collar industrial jobs go overseas to cheaper foreign-labor markets. Corporate profits go up and up and up, as good-paying American jobs go down, down, down. Meanwhile, the financial institutions and markets play fast and loose with the facts of prudent economic reality.

The Lack of Good-Paying Jobs means that more and more Americans can’t afford their mortgages. And more and more the American consumer—who fuels the economy to a substantial extent—can’t get any more credit to go out again and buy, buy, buy. "Trickle-down" theory is putting the brakes on the reality of "trickle-up" bankruptcy and defeat.

From These Failed “Free-Market” Economic Theories, America now races headlong toward a frightening recession.

This Is No-Longer Some Half-Baked Liberal Argument. It has now become a Conservative-acknowledged fact.

America’s Only Legitimate Choice, following on Chairman Greenspan’s admission of the failure of these policies, is to follow the reasoned direction that a Barack Obama presidency offers us.

During the Next Few Years, the Free-Market Economists of the Right
will spend time developing a new economic model. Informed by the recent failure, the new model may conceivably be more-realistic than the last one.

And If History Is Any Example, once this new Colnservative model is developed, the weight will once again fall on the shoulders of the American middle-class, to test out the new-and-improved Republican economic model.

And Once Again, the American Worker, the blue-collar and white-collar middle-class, will get to pay the costs of learning the next expensive errors of the theory-blinded Conservative elite.



Early Voting Has Started Almost Everywhere. The only legitimate choice in this time of crisis is Barack Obama and Joe Biden.

But No Matter Who You Decide to Vote For,
it's time to go out and vote.


Thank you for your support.

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