[lbo-talk] Obama on subprime

Patrick Bond pbond at mail.ngo.za
Sat Feb 2 22:13:00 PST 2008


Michael Pollak wrote:


> the one thing you have to give Clinton credit for was that he
> raised taxes on the rich.
>
Hang on, hadn't Reagan dropped the top bracket from 70% to 28%, and Clinton only raised that bracket to 33% which is where the second-highest bracket was? I'm fuzzy and wasn't in the US at the time, but I had the impression that this was the extent of it...

What are progressive social movements and their intellectual saying about how to solve the subprime mortgage crisis? ACORN, Financial Democracy Center, etc?



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