None of this is rocket science. From 1937 until Ronald Reagan began his wrecking-ball efforts at the stability and solidity of our nation's economy, we didn't have a single bank panic. Reagan dropped income tax rates and the almost immediate result was a bubble and crash in the stock market followed by the S&L crisis, which has been repeated over and over again with startling regularity ever since (just as they were during the 150 years preceding Roosevelt putting into place the regulatory structures and high marginal income tax rates of the New Deal that stabilized us).
Republican President Dwight D. Eisenhower embraced a 91 percent top marginal tax rate on millionaires and billionaires and strong regulation of banks, including the STET tax, and the nation prospered.
It's time to return to sanity and quit swatting at the little guys, while the real criminals and thieves walk away with our nation and our wealth.
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