{"id":2415,"date":"2008-09-20T02:33:04","date_gmt":"2008-09-20T07:33:04","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=2415"},"modified":"2008-09-20T02:38:39","modified_gmt":"2008-09-20T07:38:39","slug":"time-for-a-new-new-deal","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2008\/09\/20\/time-for-a-new-new-deal\/","title":{"rendered":"time for a new <em>New Deal<\/em>?"},"content":{"rendered":"<div align=\"center\"><img decoding=\"async\" border=\"1\" width=\"474\" vspace=\"3\" src=\"http:\/\/lcweb2.loc.gov\/wpaintro\/intro06.jpg\" \/><\/div>\n<div align=\"center\"><img decoding=\"async\" border=\"1\" width=\"474\" vspace=\"3\" src=\"http:\/\/historymatters.gmu.edu\/images\/mural-orig.jpeg\" \/><\/div>\n<div align=\"justify\">And here&#8217;s an article in the <font color=\"#990000\"><strong>American Prospect<\/strong><\/font> [<font color=\"#300030\"><strong>to be read in full<\/strong><\/font>] from a year ago which accurately predicts the current crisis, and lays the blame on deregulation, particularly the repeal of the <font color=\"#300030\"><strong>New Deal&#8217;s<\/strong><\/font> <strong>Glass-Steagall Act<\/strong> [by former Texas Senator, Phil Gramm, now McCain&#8217;s financial Adviser]:<\/div>\n<blockquote>\n<div align=\"center\"><a target=\"_blank\" href=\"http:\/\/www.prospect.org\/cs\/articles?article=the_bubble_economy\"><strong>The Bubble Economy<\/strong><\/a><\/div>\n<p align=\"justify\"><em>The sub-prime mess, the huge risks taken by hedge funds, and the conflicts of interest that led to Enron are all the consequences of serial bouts of financial deregulation. Will we reverse field in time to prevent another 1929?<\/em><\/p>\n<div align=\"justify\"><strong>Robert  Kuttner<\/strong> | September 24, 2007<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>And here&#8217;s an article in the American Prospect [to be read in full] from a year ago which accurately predicts the current crisis, and lays the blame on deregulation, particularly the repeal of the New Deal&#8217;s Glass-Steagall Act [by former Texas Senator, Phil Gramm, now McCain&#8217;s financial Adviser]: The Bubble Economy The sub-prime mess, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2415","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/2415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/comments?post=2415"}],"version-history":[{"count":0,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/2415\/revisions"}],"wp:attachment":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/media?parent=2415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/categories?post=2415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/tags?post=2415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}