{"id":5843,"date":"2011-09-14T00:46:23","date_gmt":"2011-09-14T07:46:23","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=5843"},"modified":"2011-09-14T00:46:23","modified_gmt":"2011-09-14T07:46:23","slug":"republicans-back-the-freedom-to-destroy","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/09\/14\/republicans-back-the-freedom-to-destroy\/","title":{"rendered":"Republicans back the freedom to destroy"},"content":{"rendered":"

By late 2008, it became clear to all that Banksters gone wild in an orgy of greed, released from virtually all regulation by their Republican stooges, had nearly destroyed our economy.  After this it became apparent that the market does not regulate itself, and the only way to protect the American public from them is to muzzle their greed with stringent regulation.  Dodd-Frank was a step in that direction, albeit much too small a step.  But even that is far too much for Republicans.  They back freedom, not for you and I, but freedom to destroy our economy for Banksters.<\/font><\/p>\n

\n

\"14greed\"Three years ago this week, the 2008 financial crisis began in earnest with the Sept. 15 bankruptcy of Lehman Brothers<\/a> and the $85 billion bailout of insurance giant American International Group one day later. Those events set in motion the spiral that resulted in the $700 billion Troubled Asset Relief Program (TARP).<\/p>\n

In the Great Recession that followed this Wall Street-driven meltdown, 14 million Americans lost their jobs and $20 trillion in wealth was destroyed<\/a>. However, the candidates on stage during last night\u2019s Republican presidential primary debate seem to be suffering from a severe case of amnesia when it comes to the financial crisis, as several of them called for repealing the Dodd-Frank financial reform law, with Texas Gov. Rick Perry going so far as to criticize the Obama administration for its failure to \u201cfree up\u201d Wall Street\u2026<\/p>\n<\/blockquote>\n

Inserted from <Think Progress<\/a>><\/p>\n

Here\u2019s the video:<\/font><\/p>\n