it remains troubling and barely believable the delusional thinking over taking america. and to a limited extent(so far) canada.

reagan cut taxes--presto largest deficits in history up till then, reagan deregulated many financial institutions--presto chicago merchantile exchange scaqndal and essentially a bucket shop, and the junk binds and band failures.

bush cuts taxes(and unlike what was posted the recession didn't start untill the last year of bush so his deficits had nothing to do with the recession) presto new highs in deficits , and bush deregulates many financial industries and presto, the financial meltdown after the big guys have looted the store and left the tax payer to pay the bill.

the leadership of the republican party include people who understand this so one has to assume they want an economic collapse and national banckruptcy.. why?

well crisis offers the opportunity to political extremists and defaulting on its national debt would destroy many countries financial reserves. they seem to think the us will weather the world ecomic storm better than others while the us treasury bonds al over the wolrd become valueless.

however the average joe doesn't think in these long term plans. so why do they buy the obvious noinsense that tax cuts don;t lead to deficits and deregulation doesn't lead to the managers looting the store.

as a canadian i am thinking that american educxation has gotten so poor that most people have no idea how the world works. i recall that many university courses in the us were high school stuff in canada(and we are behind europe).

the rantings of the glenn becks and sarah palins are reminicient of the beginnings of the nazi ideology in the thirties. offering people lovely illusions rather than real solutions.

of course the obama adminstration not reversing the bush tax cuts is also unbelievable.

are you going to wait untill no one in the world will leand america any more money? and then no one will use the american dollar for trade--costing america its hugh profits from invisible trade and in the world financial sector?