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Lädt ... A Time for Actionvon William E. Simon
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Google Books — Lädt ... GenresMelvil Decimal System (DDC)338.973Social sciences Economics Production Economic Development And Growth North America United StatesKlassifikation der Library of Congress [LCC] (USA)BewertungDurchschnitt:
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Of course, in Simon's case, the opposite is true. Simon parlayed his family connections and wealth as an investment banker, never putting his own funds at risk, but encumbering companies he controlled with debts and leases -- of other property he owned. After plundering the assets, the businesses he took over, dehired employees, and the profits went offshore--tax-free.
What is significant is the date of this book. Labor unions were still viable, the economy had doubled under Carter, and the US was the world's largest Creditor nation. In just years, under Reagan and this "Treasury" Secretary with his "grasp" of economic problems, the US was converted into the world's largest Debtor nation. In addition, the middle class was plunged into catastrophic credit card debt -- once the pesty "consumer protection" and disclosure requirements were removed.
In other words, while claiming to be waiving the mantle of "conservative opinion", and screaming about how awful "Debt" is, the author is in fact destroying OUR Government. He hates us. Really. ( )