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Ratigan Truth to Power: Free Market Fraud.

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ErikJ Donating Member (480 posts) Send PM | Profile | Ignore Fri Jan-07-11 04:44 PM
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Ratigan Truth to Power: Free Market Fraud.
Ratigan had a great op-ed today on his show: Here's some of the text. Can anybody submit the video?

.......Even Federal Reserve Chairman Ben Bernanke, who continues to defend his Quantitative Easing (aka money-printing) program, couldn’t ignore the writing on the wall during a Senate hearing Friday morning. “If we continue at this pace”, said Bernanke, “we are not going to see sustained declines to the unemployment rate.”

This “pace” that we’re operating at is working out just fine for the incumbent power structure, but it is strangling the rest of America. And it’s not the first time a group of outdated industries has controlled our government for their own benefit, and at the detriment of everyone else.

...........It took a courageous — and at the time crazy — leader by the name of Teddy Roosevelt to step up and change that. He took on the biggest financial giant there was, JP Morgan, and he won. Roosevelt’s underlying premise — if you’re too powerful and you’re profiting at the expense of the American people — then you are an enemy of freedom and the government must break you up. It was that simple.

Here we find ourselves today in a similar situation, where six industries have a stranglehold over Washington.

(BANKING,HEALTH CARE, DEFENSE, TELECOMMUNICATIONS, ENERGY, and AGRICULTURE)

And the draining of our current and future wealth will only continue as both the media and the political class not only tolerates but spreads the phrase “free market” when the reality doesn’t match the rhetoric.

Our politicians continue to take money from massive corporations to subsidize them in a rigged marketplace that only cares about protecting the incumbent structure. At the same time, the American people are drowning in a red sea of debt caused by perpetuating banking, health care, energy and defense systems that are expensive, ineffective and protected from competition.........

http://www.dylanratigan.com/2011/01/07/free-market-fraud/
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Poboy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-11 04:45 PM
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1. Recommend!
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DemReadingDU Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-11 09:27 AM
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2. MSNBC video
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-11 09:30 AM
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3. He was excellent yesterday
Rec
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