Town Hall Meeting

23 Sep 2008

Privatization and Deregulation Hits the Fan

Even our little blog has had 3 entries on the giant red alarms leading us up to this point, post 1, post 2, and post 3, dating back to early July. So ANYONE who says they had no way of seeing this coming is completely full of it. I repeat, this financial meltdown was expected.

To stay a little ahead of the game, check out one of our recommended blogs by NYU professor Nouriel Roubini. He has been sounding the alarm on this since at least early 2007. Oh, and for those who say where was Congress to sound the alarm? the guy who wrote this article is Michael Hudson, Dennis Kucinich’s chief economic adviser. People have been sounding the alarm, it’s just that the national media has completely dropped the ball, (think WMD). They are only interested in one thing: profit, and therefore ratings, NOT NEWS. Speaking of not in the news, the proposed defense budget for 2009 is over $600 billion. That is more than the defense budget of all other nations combined! You’ll have to learn about this from the Asia Times. If you don’t believe them, check it out on the white house website. We the people have got to stop reckless privatization and an insane war budget, let’s start now!

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