Saturday, December 6, 2008

Mexico's Economic Bust of 1994, America's Bust of 2008

Here is a link to an article by Edward S. Herman, Professor Emeritus of Finance at the Wharton School, entitled, "Neoliberalism and Bottom-Line Morality." At the bottom of this article you will read how Robert Rubin and Larry Summers helped crash the Mexican economy in 1994. Wall Street speculators had some big bets go bad and they forced the Mexican government to bail them out. Robert Rubin, then Secretary of the Treasury under Clinton, and Henry Paulson, the Secretary of the Treasury under George W. Bush, both came from Goldman Sachs. Who really runs America, our puppet government or Goldman Sachs, the puppetmaster?

Rubin and Clinton hurt the Mexican middle-class in 1994. Now Paulson and Bush are going to stick it to the American middle-class.

The threat to Mexican Americans is not from Americans who are tired of the tidal wave of illegal aliens, the threat to Mexican Americans is fromWall Street.

All regular Americans, including Mexican Americans, are hurt when Wall Street speculators crash the nation's economy. Only the Wall Street speculators, bailed out by our hard earned tax money, benefit from the Washington bailout.

Mexican Americans need to focus on the real issues of ecomonics and education, and not be misled by those wanting us to focus on immigration issues.

Robert Canright

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