It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford
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FROM THE MOUTHS OF FORMER COMMUNISTS: (speaking about the US stimulus package and bank bailouts)
"Widening budget deficit and protectionist trade measures — such as the "Buy America" — all of these steps, these combinations and permanency is the way to hell. We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way. Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the stability of the global financial market" - Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency
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INTERESTING POLL FROM RASMUSSEN REPORTS:
While a great deal of public anger is focused at corporate executives these days, Johnny Depp and the Boys of Summer don’t fare much better. Thirty percent (30%) of Americans believe the government should make it illegal to pay movie stars and athletes more than $1 million per year.
A new Rasmussen Reports national telephone survey found that 59% oppose government pay limits for film stars and jocks.
There is a more support—but not much more--for capping the pay of corporate executives. Thirty-six percent (36%) say the federal government should make it illegal to pay any executive more than $1 million a year. The majority (54%), however, disagree.
Here you can see where things that happen in the political arena can have a spillover into sports and entertainment. Once the demonization genie is let out of the bottle it is difficult to get him back in or control the future victims he goes after. The Law of Unintended Consequences and all....Is this the type of change we were looking for? Be careful what you wish for.
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