Letter: Carnivorous capitalism is costly
Sunday, August 5, 2012
I always appreciate readers of The Columbian who present their opinions with a sense of humor. Recently, Frank Krbec's July 26 letter, "Republicans must rescue America," gave me a real belly laugh.
With a keen sense of irony, Krbec pretends that our country's economic salvation lies in the hands of the very people who drove us into recession. Under the leadership of George Bush, Republicans spent eight years (2001-2009) systematically deregulating financial markets, offshoring American jobs, increasing entitlement payments to multinational corporations, granting huge tax breaks to millionaires, and prosecuting two wars. All of which have added billions to our national debt.
The offshoring and the carnivorous capitalism practiced by the likes of Mitt Romney and Bain Capital pushed millions of workers into unemployment lines. President Obama has spent the last four years trying to repair that damage, blocked every step of the way by corporate puppets in the Capitol who want to keep sucking the poor and the middle class dry.
I can hardly stop laughing.