There were 159,000 job cuts last month.
It is utter bullshit to argue, as Republicans do, that the Community Reinvestment Act of 1977 was responsible for the housing mess. They are cynically trying to blame blacks and even Bill Clinton for the problem THEY and their economic religion created.
It's deregulation that's the problem. It's Friedmanomics that is the problem. Milton Friedman was a crackpot whose economic theories should have been laughed out of every tenth-rate college in the United States. Instead, his and his fellow Chicago School crackpots were lionized by politicians of both political parties, especially the Republicans, and in other countries, and with ruinous results.
Friedmanomics needs to go in the trash can where it belongs.
(H/T to Cannonfire)
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