Economy on PBS

Posted by: Wolf2 on 20 September 2008

Friday night's news shows on PBS they really pulled out all the stops. It was astounding journalism, and interviews, that explained, without malice, our financial/political situation. I think well worth getting online and buying Bill Moyers, and Washington Week in Review/ Gwen Ifle on DVD, you have to see it more than once and share with as many friends as you can. Or download it.

We are in very serious trouble that in the end said it is probably going to effect the world like '29. Oone man said it depends on how fast we can get out of the war and make changes and regulations to stabilize our economy. One man gave a great review of Greenspan's non regulation supported by Reagan on, that allowed the finance market to get way too big, but since there were lots of profits no one cared. Now we're going to pay for all the excesses. Glad I'm not trying to hang on to a mortgage and my foot print is small. With good friends we'll get thru this.

Glenn
Posted on: 20 September 2008 by Adam Meredith
Odd isn't it? It was all smoke and mirrors last year and it's all smoke and mirrors today.

If you believe in it - it works, if you don't - it all collapses. Either way someone will make money.
Posted on: 21 September 2008 by 555
Why have journalists only just woken up to economic reality?
The writing was on the wall two years ago.
Posted on: 21 September 2008 by rgame666
I now live in the worlds largest council estate!!!
Posted on: 22 September 2008 by 555
Is this the end of capitalism?!?
Posted on: 24 September 2008 by Wolf2
http://www.pbs.org/moyers/journal/09192008/watch.html

here's the link for bill moyers journal, the writer that's written 3 books on it was Kevin Phillips, He is interviewed in the second half of the show. Nails Greenspan's philosophy, along with Reagan support, of deregulation as the culprit, and then top people getting greedy with unsubstantiated business deals.

A show on Reagan, showed his roots of small Govt yet he handily increased spending while cutting taxes. How do they do that trick? Well we don't have the services, careers, and infrastructure that we used to have.

I voted against the Republican's since Nixon, we got Jimmy Carter, and later Clinton, who had just about balanced our budget, but even he didn't bring up regulation of the financial markets. They will now.