Tuesday, March 31, 2009
The new twist in the Democratic tactic here is that they are calling for wage controls first and only on "The Rich." That will quickly trickle down to controlling labor also as they colonize the Board Rooms and enact new regulations to protect the People's Investments. The old "Wage and Price Controls" that Nixon got suckered into sponsoring did wages up front and aroused hostility, followed quickly by economic trauma. This way Obama gets the power up front and the economic stagnation to be followed by collapse will come later.