Consider: Eighteen years ago, I was statistically in poverty, but I had dreams and plans. At the time, Reaganomics still set the economic tone, and a fired-up Newt Gingrich was forcing conservatism on the Clinton White House. There were actually politicians who praised business-owners and profits.
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Great rant but actually eighteen years ago was February of 1992 and there was no Clinton White House until almost a year later in January of 1993. Newt Gingrich wasn’t forcing anything on the Clinton white house until after the elections in November of 1994. It is only fifteen years since that congress was seated.
Rip Said: “Great rant but actually eighteen years ago was February of 1992 and there was no Clinton White House.....”
Understood, and I was simply generalizing that for the most of the last 18 years, we’ve been under an economic model of Reaganism — but deteriorating steadily away from that. This was driven by liberal Democrats and supported by some Republicans — including GW Bush and McCain and Snowe et al. The article lays the blame at all of their feet.
And yes, speculators did cause part of the oil spike, but the underlying fundamentals were and are the result of energy liberal policies — like no drilling and no nukes, etc.
I was also speaking to the death of my entrepreneurial drive and that of many others. This is what millions are thinking, which is why no one is hiring. And for those having fun at my demise, I will assure you I saw all of this coming and I am fine! Thanks for the comments.