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BLAST THE RIGHT

120 - Right-Wing Ideology And Policies Are The Main Culprits Behind The Subprime And Credit Meltdowns

BLAST THE RIGHT

Jack Clark

Cnn, Government & Organizations, Kcrw, Coulter, President, Hartmann, Bush, Politics, Abc, Limbaugh, Fox, Randi, Npr, Morning, Comedy, Slate, Christian, Story, Reilly, Majority, Cbs, Conservative, Liberal, Nbc, News & Politics, Bill, Sean, Spirituality, Al, Religion & Spirituality, Franken, Maher, Newsweek, Rush, Obama, Society & Culture, O, Democracy, Sedition, Day, Rhodes, Hannity

4.72.6K Ratings

🗓️ 3 April 2008

⏱️ 37 minutes

🧾️ Download transcript

Summary

Here's the road map for your journey today:--Background you need to know--What caused the current crisis--What needs to be done to fix things up--Exposing the phony right-wing solution--And, the death of the "free market"Along the way, you'll learn about the "shadow banking system," and hear clips of Rush Limbaugh, Ronald Reagan, Treasury Secretary Paulson, and...a famous comedy team or two. Huh?

Transcript

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0:00.0

Greetings, you're listening to podcast number 120 of Blastery.

0:23.8

I'm your host Jack Clark, great to have you on board.

0:27.3

Today I'm going to explain the financial mess that's dominating the news and then give

0:31.8

you the evidence for the not unexpected bottom line right wing ideology and policy are

0:39.0

to blame.

0:40.0

I've sent along as a separate item in this feed a great political cartoon that fits

0:45.0

in perfectly with today's show.

0:47.3

You'll also hear about an action alert in my closing comments.

0:51.9

Let's get right into it.

0:53.8

As you'll hear, include the Associated Press, The New York Times, FoxNews.com, The Washington

0:59.6

Post, The Wall Street Journal, and Forbes.com.

1:03.4

The common thread you'll see running through everything that follows is that right wing

1:08.5

ideology and policies create problems, right wing ideology and policies offer no effective

1:15.1

solutions for the problems they create, in direct contrast progressive ideology and policies

1:21.0

prevent problems and progressive ideology and policies offer effective solutions for

1:27.9

the problems created by right wing ideology and policies.

1:32.7

Here's the roadmap for the journey.

1:35.8

Some background you need to know what caused the current crisis, what needs to be done

1:41.3

to fix things up, exposing the phony right wing solution and the death of the free market.

1:49.4

So to start off with some background, you probably know about the 1929 stock market

1:54.8

crash that's widely credited with causing the Great Depression.

1:58.8

Many economists, however, say that a more important cause was a series of runs on banks

...

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