Comments by "Animal Farm" (@animalfarm7467) on ""Democratic Nominee Renounces Reaganism" Should Have Been The Headline Today." video.

  1. Clinton is wrong again. Trickle-down economics wasn’t the main cause of the 2008 crash; financial engineering, fraud, deception and banker criminality was the reason for the crash. Especially when nobody knew who was holding the fraudulent mortgages. All the financial paper was potentially tainted and so people panicked. Trickle-down economics was the part of the engineered long term income and wealth transfer from Main Street to Wall Street by Don Regan. Combine this with further cuts in wages due to off shoring jobs you have the reason for the remainder of the current indebtedness of private individuals. Forget about the government’s estimate of price inflation; with increasing prices, stagnant wages, and lower paid jobs, how do you expect the people to spend their way out of the Recession (Depression). Depression – take a look at the “velocity of money” graph and match that decline with another historical part of the graph of “velocity of money”. You will wind up back in 1929.
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