Sunday, November 14, 2010

Michael Yates: Change we were foolish to believe in

Before the elections, I kept getting emails from telling me that this would be the most important election in my lifetime. Those nasty Republicans, led by the crazy people in the Tea Party, were intent on overturning everything that the good Democrats had wrought. Now Ms. Vanden Heuvel is telling me that this is going to happen unless we “fight for a real debate . . .”

Here is what I think. Thanks to government largesse, banks and other corporations are now awash in cash, and profits have soared to record levels. Yet, the banks are not making loans, and the corporations are not buying new equipment and opening new facilities. Despite gross misconduct, no top corporate officials have been prosecuted, and many of the very companies that put the economy in the ditch are as flush as ever. Were those nasty Republicans in power when this happened? No.
Read the rest here.

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