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Stream FRONTLINE: Ten Trillion and Counting Online.
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Frontline offers an fair and fact-based presentation of America’s modern economic and social crisis. Beginning with Reagan’s attempt to borrow our contrivance to prosperity while dismantling appropriate federal regulation, then attractive into the casino capitalism of Bush/Cheney, this documentary precisely traces the sequence of events that have lead to our unique ethical and financial debacle. The issues raised in this documentary are of greater magnitude than simple dollars & cents or an economic down turn. As is also well illustrated in David Callahan’s best-seller “The Cheating Culture,” America’s lawful meltdown is indeed bigger than Enron or the housing bubble.
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When upright guidelines are lacking and mandates for transparency in corporate and governmental affairs are absent, we originate the door to abuse, greed and corruption. This is as good today as it was in 1929. Even the champion of free-market ideology, Adam Smith, wrote that appropriate governmental controls are principal to limit the excesses and abuses of the “invisible hand” of the market. The issues raised in this eye-opening Frontline video bring to mind a timely quote by Justice Louis Brandeis “We can have democracy in this country, or we can have expansive wealth concentrated in the hands of a few, but we can’t have both.”
The work begins and ends with Obama. However, as you examine, the work makes it certain that the unique president is not responsible for the colossal debt.
The work spends one-third of its time blaming George W. Bush. In fairness, the work shows how Bush the Son learned never to increase taxes via his father’s lost election. However, the work says W. knew that you can’t fight a war and slash taxes simultaneously. Treasury Department heads are interviewed saying they were tickled W. fired them because they could not promote his policies with integrity. The work says Bill Clinton faced a law stating that the federal government could not consume money if it did not have a source for that spending. Although many Republicans have promoted puny spending, the work emphasized that Bush the Son NEVER vetoed a spending bill. The work implies that W. ran up bills and did not care about the consequences. Several Republicans who favor diminutive government were interviewed condemning W. and his practices.
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The work stated that there was no deficit spot when W. first entered office. Although I conception the work as condemning Bush the Son, I scrutinize that it never gives Bill Clinton any credit for that previous sizable financial site. The work implies that W. was never punished for his terrible policies. However, I would say the landslide elections of Democrats in 2006 and 2008 were the punishment for the last administration. Like everyone, I esteem Obama. Unexcited, many have well-known that Bush’s failures may have created the station in which Barack the bruthaman could obtain the election.
The work mentions many of the difficulties that Obama faces as president. However, they quote him sounding so shimmering, realistic, and professional that it made him peer like he would be the perfect person to factual these problems. I imagine that many viewers will leave this work saying, “Obama is the man! This reminds me of why I was so blissful to vote for him in the first area!” If you judge ‘Rack and Michelle are the grooviest things since extra-large Reese’s butter cups, this will only re-affirm your space.
The work presents Social Security, Medicare, and Medicaid as the problems that are and will cause a crisis for the government. However, the work skips something crucial. It says we owe this debt to Chinese and other foreign investors. As I watched this, I wondered, “What if the Chinese say, ‘Sorry, America! We want to focus on our maintain country. We no longer want to give our money to you.’”? To me, that is the main plight with the deficit and the work does not acknowledge that peril.
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