Saturday, August 1, 2009

America's Economic Collapse

After America's economic collapse, there is plenty of blame to go around. News programs and magazines have levied numerous charges at everyone from Countrywide to AIG. One thing I hadn't really seen or considered before is the role that Goldman Sachs played in the whole debacle. As it turns out, Goldman Sachs has a history of pumping up the U.S. economy, skimming a ton of money from the pockets of everyday folks, and then crashing the whole system. It's a way of life, and they've gotten away with it, too, because the company has managed to insert its executives, past and present, into every aspect of America's capitalist society. They've taken over both parties, Democrats and Republicans, and while I'm annoyed to no end with Ralph Nader for the role he played in putting Bush into the White House by stealing crucial votes from Al Gore, the recent article by Matt Taibbi that ran in Rolling Stone last month makes the case that maybe Nader isn't so crazy after all.

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