@Luddite

You so right man, what we need now is more greed more capatalism and more neoliberalism; its done us so well thus far huh...

lol get off cloud cookooland you dick

Yeah its our fault, that even as independent retail investors the interbanks plot to swing the markets around and drain our accounts.. hokay, makes sense to me.

Stupid idle thinking statement if you dont have a job blame yourself what planet this this guy come from.The government in britain are cuting jobs in the public sector , cuting peoples hours, while the parasites in parliament enjoying good pensions, and salarys, Please uk government dont incite another riot.coalition government i give you another year.You are crooked Hyporcytes.

Just another devil-take-the-hindmost apologist for capitalism's failure to meet the needs of the majority blaming its victims.

He'll go far.

@Luddite:

Presumably by "socialism" you mean the failed state capitalist tyrannies of the defunct Soviet Union and its clones, China, Cuba etc. Or do you mean the equally failed reformist parties of the left (e.g. the amusingly named "Labour" Party) with their laughable claims to be abolishing capitalism while busy transforming themselves into just another pro-free market party?

Genuine socialism has never existed; namely a society based upon voluntary cooperation, devoid of the class system, wage labour, money and the state itself.

No doubt you will dismiss this interpretation as merely pie-in-the-sky utopianism; in which case where does that leave your claim that socialism has existed for the last 100 years?

Uncle Tom.

Cain confounds: Black while conservative, politcal outsider w/business experience disrupting old-boy network. US media in a tizzy trying to frame the irony. O'bummer has massively divided the US: libertarians vs socialists while spending 3 generations ahead. Rough political waters ahead for the next few years.

Mr Cheese.
It started well before the current incumbent in the White House.

In fact citizens of the USA can thank the blessed, probably never now to make sainted, Ronald.

Fo was it not the Republicans under Reagan with Reaganomics that caused the US economy to start down an ever increasing slippery slope from creditor to debtor nation.

In 1981, shortly after taking office,The Gipper complained of "runaway deficits" that were then approaching US$80 billion, or about 2.5% GDP. But within only two years his policies had succeeded in enlarging the deficit to more than US$200 billion, or 6 % GDP.

At the end of the Reagan/Bush era it was down to US$150 billion, still almost double what it had been under Carter. However the National Debt had  climbed from US$995 billion, when Reagan took office, to $4 trillion by the end of Bush1's presidency. Reagan and Bush Administrations increased it as a % GDP from 26% to 42%.,

Clinton managed hold/wind back both of them in returning the budget to a surplus of some US$280 billion and reducing the National Debt to 35%
GDP..

But George, The Faux Texan and late unlamented encumbrance in the White House, even managed to outdo "The Gipper" and his own Dad.

He set another unenviable record. The deficit was to be $482 billion in the 2009 budget moving from black to red ink in the order of US$750 billion from the end of Clinton's term.

Partly caused by the Iraq Fiasco and the Afghan Imbroglio, The Three Trillion Dollar War. This the only conflict since the War of Independence to be fought on credit.

Next came the Wall Street Tsunami which washed over the world and led to the GFC, the Global Financial Chicken that came home to roost.

It was also under The Faux Texan that the US debt limit was raised seven times.

All of which left a huge and noisome pile of economic, financial and fiscal ordure for any incoming whether Administration, Democrat or Republican.

So much so that currently the USA needs to borrow about 40% of the funds needed to keep the it running.

It is interesting to note that from 1978-2005 with 2 Democratic and 5 Republican Administrations that;

Democratic  Federal Spending up by 9.9%. Federal Debt by 4.2%, GDP by 12.6%.

Republican Federal Spending up 12.1%, Federal Debt by 36.4% , GDP by  10.7%

Trevor: "Just another devil-take-the-hindmost apologist for capitalism's failure to meet the needs of the majority blaming its victims"...

TREVOR: Have you leaned nothing from 100 years of Socialism. It's Capitalism that meets the needs of the majority. It's Socialism that doesn't. Socialism just shares out the misery more equally..