MB Civic

By Harold Meyerson | Wednesday, April 2, 2008 | The Washington Post

“…Reagan’s mission in domestic affairs, we should recall, was to tear down government so that a more laissez faire economy could supplant the economic order built by the New Deal. Today, Republicans in general and John McCain in particular are paying the price for Reagan’s success. A largely unregulated financial sector now dominates our economy, while manufacturing, once the keystone of American economic might, has dwindled to distinctly secondary status. As unregulated financial sectors are wont to do, Wall Street embarked on an orgy of speculative investment and debt accumulation, and now its bad investments and overwhelming debt threaten to pull down the entire economy….”…BS

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/01/AR2008040102189_pf.html