The Berkeley Daily Planet
Arts & Entertainment
Letters to the Editor
Monday September 27, 2010
With control of the House, the Republicans will make its goals include a permanent extension of all the Bush-era tax cuts, repeal of the newly enacted health care law, a cap on discretionary federal spending and an end to government control of the mortgage giants Fannie Mae and Freddie Mac.
They too must be won over and convinced to overextend themselves little by little. It is a gradual process of boom, then downturn, then bigger boom, then another downturn. And there is a rebound, for there are still people to be convinced that things will keep going up—indeed, must keep going up.
And one day, when and his people have prepared accordingly, the downturn will become a recession, the recession will become a depression, and the depression will become the Crash. It is the same thing that happened in 2008. They will never learn!
"And your country is an example, in which the one percent of the Americans, you know, are doing better and better and better, and the 99 percent is going down, in all sorts of manifestations. People living in their cars now and sleeping in their cars, you know, parked in front of the house that used to be their house—thousands of people. Millions of people, you know, have lost everything. But the speculators that brought about the whole mess, oh, they are fantastically well off. No problem. No problem."--Chilean economist Manfred Max-Neef.
Ted Rudow III,MA