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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You're kidding, right?
ReplyDeleteSince 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.