unreal interview with michael hudson and paul jay of TRNN.
what a long term disaster the US economy is in for. its gonna be great for the rich, terrible for middle class and poor.
part of the plan republicans and democrats like to use is they bail out the corporations ie the upper 10% (in this case 6 to 10 trillion dollars) and then use the excuse they are out of money for everyone else and its time to cut programs, not pay pensions (which are deferred wages owed) and pay the bond holders instead.