Free Republic

Mired in False Victimism… Written by JB Williams ©2004-09-02 I’m reminded of the early days of labor unions in America, when mob bosses who ran the unions would order hits on small mom and pop merchants in the lower east side, then send bag men out to neighboring merchants to collect “protection” money, offering to protect these folks from similar attacks. Of course, anyone who refused to pay would be next on the list for a hit until everyone in the neighborhood was paying protection money. This is the early history of “collective bargaining”, the game is called “hurt and...

The Clinton corporate ponzi scheme has cost America dearly. It was in the 90’s that Clinton, working with Democrat Senator Dodd (Conn.) passed legislation that relaxed accounting standards for accounting firms. As the “no earnings” dot.com stocks went public, CEO’s and accountants warned the administration that while it was politically difficult to hold corporations to account for cooking the books under the Clinton Administration’s lax enforcement of accounting practices and SEC filings, the bubble would one day burst when fund managers and investment banks learned that the inflated stock market was based on nothing but fluff- that the stocks weren’t...