The Republican Erosion of America : Information Clearing House - ICHBy Angel Of Mercy | 26/04/08 "Daily Kos"
Historical fact: Prior to the rise of the radical right some 30 years ago, America was the most innovative, most prosperous, most vital nation on the face of the Earth. And it wasn't just an obscenely rich fraction of one percent skewing the numbers, either...like it is today. Broad-based, bottom-up prosperity--in which liberal Democratic administrations specialize--really DID lift all boats. Lean in close and let me whisper to you an uncomfortable truth that the GOP will never dare mention...
Republicans are the rogues and rapscallions who took a hearty, robust economy that was the envy of the entire world and ran it into the ground. I'm not merely talking about the current fiscal catastrophe that is looming before us; no, I'm concerning myself here more with how we got this way, how the cheap-labor conservatives conspired, deliberately and with malice aforethought, to lay us low...for that is precisely what they did.
Follow me down and I'll show you how...
Did you know that ALL recessions since the 1930's, save one, have taken place under Republican presidents? True fact. The single exception occurred at the conclusion of World War II during the administration of Harry S. Truman and it was one predictable consequence of ending a war. It was also the shortest, as well as the shallowest. Contrast that with the fact that we are now enduring our SECOND recession due to the gross mismanagement of that congenital idiot and the band of thugs in his administration. ...
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Among the things for which I despise Wal-Mart, its very success is perhaps the biggest. These are rapacious people, the embodiment of avarice. The Walton family has more money than Midas...and it's not enough!! Furthermore, their Republican allies in government have steadily and relentlessly undermined the Middle Class to the extent that they very nearly have no other choice about where to shop. This isn't the result of globalization that we're talking about here, it's the end product of 3+ decades of deliberate GOP class warfare in their pre-meditated attempt to eradicate all those popular benefits of liberal policies that WORKED, policies like the New Deal, the Great Society and the War on Poverty. This is no accident.
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Departure of the steel industry has turned Youngstown, Ohio into a hopelessly low-income ghost town just as the passing of the rubber industry did to Akron, Ohio. The Cleveland Plain Dealer reported that a total of 235,900 manufacturing jobs were lost in just that one state between 2000 and 2007. ...
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Borrowing against the receipt of one's next check certainly qualifies as payday lenders typically charge an annual interest rate in the 300-400% range...and that's EXCLUDING fees and penalties. If you've taken out a loan for $300, for example, with a due date two weeks in the future, paying back that loan may well eat up most or all of your forthcoming paycheck...and your payday then becomes THEIR payday! And what exactly do you live on in the meantime? A recent study quoted here found that the average payday loan sucker takes out EIGHT loans in a given year and ultimately pays $800 for that $300 loan! And back in impoverished Ohio, an umbrella group representing some 600 nonprofit agencies found that the state is home to over 1650 payday extortionists, more than all of Ohio's McDonald's, Burger Kings and Wendy's franchises PUT TOGETHER. That's just wrong. ...
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