Some Similarities ... 
In the speech with which, on October 2 last year, has called for the approval of the Paulson plan by the House of Representatives (850 billion dollars American taxpayers can not be used to purchase securities evaluated) President George W. Bush has raised the scenario of a "long and painful recession" as a direct consequence of inaction. Although he has not directly called into question the American Great Depression began with the stock market crash of 1929, the reference to those dramatic years is implied for every American. It's worth analyzing the two situations, highlighting some similarities. First among the elements assonant be recorded that both crises explode after a long period of Republican domination. In the years before the Great Depression, in fact, had three successive Presidents 'red', which shared a We endeavor to laissez-faire economic and tax cuts. In the last three decades of U.S. government policy was similar: after the mandates Ronald Reagan and Bush Sr., the scepter of power has been twice in the hands of Bill Clinton, a Democrat who seemed to have lost the legacy of progressive ideas of a Roosevelt and a Lyndon Johnson, also resulting in neutral, if not accommodating, compared to the excesses of financial speculation, in Clinton, as noted, the following two terms of George W. Bush, on whose total subservience to the dictates of economic power has been said and written so much here that is not worth anything more. Another element common to the crisis of the thirties and the current is that in both cases are the most vulnerable populations, particularly minorities, who suffer the effects more dramatic. In the late 20's, the collapse of the cotton market broke up the widespread system of sharecropping and millions of African-Americans had to emigrate to the cities of the American South, where racial discrimination made it almost impossible to access new opportunities and even work to support programs promoted by the government. One thing above all: about half of African-Americans and Latinos who have purchased property in 2005 did so through sub-prime mortgages (the same indicator, applied to the subset of white people, do not get to 20%) . Considerations political and ethical issues aside, then as now the vast economic inequality in the country is an important element of vulnerability of the system: 20 years, despite the growth in wages, the real benefit of the government were the rich, it was granted significant tax relief. Eighty years later, the bill is always the "Forgotten Man" spoken of by Roosevelt in a famous speech in 1932: the man in the street, losing jobs, housing and finance. The collapse of the housing market makes it illiquid assets of banks that eventually collapse, while the country is screwed into a recession more and more dramatic. Thus, the Forgotten Man, as well as forgotten, is also ruined and helplessly at the unfortunate spectacle of a system that uses their taxes to bail out banks, the main cause of his downfall.
In the speech with which, on October 2 last year, has called for the approval of the Paulson plan by the House of Representatives (850 billion dollars American taxpayers can not be used to purchase securities evaluated) President George W. Bush has raised the scenario of a "long and painful recession" as a direct consequence of inaction. Although he has not directly called into question the American Great Depression began with the stock market crash of 1929, the reference to those dramatic years is implied for every American. It's worth analyzing the two situations, highlighting some similarities. First among the elements assonant be recorded that both crises explode after a long period of Republican domination. In the years before the Great Depression, in fact, had three successive Presidents 'red', which shared a We endeavor to laissez-faire economic and tax cuts. In the last three decades of U.S. government policy was similar: after the mandates Ronald Reagan and Bush Sr., the scepter of power has been twice in the hands of Bill Clinton, a Democrat who seemed to have lost the legacy of progressive ideas of a Roosevelt and a Lyndon Johnson, also resulting in neutral, if not accommodating, compared to the excesses of financial speculation, in Clinton, as noted, the following two terms of George W. Bush, on whose total subservience to the dictates of economic power has been said and written so much here that is not worth anything more. Another element common to the crisis of the thirties and the current is that in both cases are the most vulnerable populations, particularly minorities, who suffer the effects more dramatic. In the late 20's, the collapse of the cotton market broke up the widespread system of sharecropping and millions of African-Americans had to emigrate to the cities of the American South, where racial discrimination made it almost impossible to access new opportunities and even work to support programs promoted by the government. One thing above all: about half of African-Americans and Latinos who have purchased property in 2005 did so through sub-prime mortgages (the same indicator, applied to the subset of white people, do not get to 20%) . Considerations political and ethical issues aside, then as now the vast economic inequality in the country is an important element of vulnerability of the system: 20 years, despite the growth in wages, the real benefit of the government were the rich, it was granted significant tax relief. Eighty years later, the bill is always the "Forgotten Man" spoken of by Roosevelt in a famous speech in 1932: the man in the street, losing jobs, housing and finance. The collapse of the housing market makes it illiquid assets of banks that eventually collapse, while the country is screwed into a recession more and more dramatic. Thus, the Forgotten Man, as well as forgotten, is also ruined and helplessly at the unfortunate spectacle of a system that uses their taxes to bail out banks, the main cause of his downfall. 
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