Since the Reagan admins, Congress has passed dozens of laws that benefit the elite class, business, and financial sector. Take for instance the Financial Services Modernization Act that was written by Wall Street lawyers and passed in 1990. It essentially deregulated banks and brokerages and allowed those with money and power to prosper and take advantage of the working and middle classes as never before. It broke the Glass-Steagall Act that protect ordinary folks from those who live by the Vile Maxim.
For the most part, those who hold federal office don't retire into poverty or mediocrity. They often have the financial means and business/government connections to MAKE A KILLING in the private sector.
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About this blog and The Pressmens Club
The blog was started to talk about issues impacting the pressroom both positively and negatively. The views expressed here are not of the LA Times, but of each individual's opinion. The Pressmen's Club is composed of men and women who have printed the paper for twenty years or more. Semi-annual dinners are held in March and October. See Ed Padgett for more information.
1 comment:
You're kidding, right?
Since the Reagan admins, Congress has passed dozens of laws that benefit the elite class, business, and financial sector. Take for instance the Financial Services Modernization Act that was written by Wall Street lawyers and passed in 1990. It essentially deregulated banks and brokerages and allowed those with money and power to prosper and take advantage of the working and middle classes as never before. It broke the Glass-Steagall Act that protect ordinary folks from those who live by the Vile Maxim.
For the most part, those who hold federal office don't retire into poverty or mediocrity. They often have the financial means and business/government connections to MAKE A KILLING in the private sector.
Your assertion is folksy, but certainly untrue.
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