It’s awful convenient how this works, isn’t it?
- Republicans, in an effort to enrich America’s investor class, cut top marginal tax rates for 30 years
- America becomes unable to fund upgrades to its highways
- The investor class then funds the election of George W. Bush, who goes on to demonstrate just how incompetently the government can be run
- The public, skeptical of government since it’s been run so poorly, looks elsewhere for solutions to infrastructure building
- The investor class rides to the rescue, using the money they earned by starving the government of revenue (See #1) to bankroll a tsunami of private investment that will “save” our highways.
- Rinse, repeat.
Now Playing: Episode 368
Terror in Mumbai, the collapse of Seattle banking and an update on the new Obama cabinet.
Links Mentioned: A timeline of the Mumbai carnage … SAM and WaMu … some early warning signs of trouble at the Seattle bank … Obama’s new Labor secretary?




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