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Health & Fitness

Inside Job

How deregulation that began under Reagan caused the recession and threatens our democracy and economy.

Last Sunday I watched the award-winning documentary, "Inside Job," a look at those responsible for the 2008 recession. It was shocking to see how deregulation of banking and investment led to the collapse of the economy, the bankruptcy of our largest investment banks, contributed to record number of foreclosures, all while CEOs and other officers in these institutions that caused those problems, walked away with millions, if not billions of dollars. Many of these same people who hold or held positions in government and at large universities, contributed to the problems as well as to the coverup.

We all should be concerned about how the deregulation of investment banks, the legislation that enabled the formation of super PACs, conflict of interests by government officials and university researchers, and the so-called "right to work" legislation threaten our democracy and economy. I encourage you to view the documentary and study the impacts of super PACs and right-to-work legislation have on the economy, on wages, on poverty, the buying of elections and money influence on issues.

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