Joe Meacham’s cover story in the Feb. 6, 2009, Newsweek was “We Are All Socialists Now” — back when taxpayer trillions were being used to bail out the Wall Street banks that crashed the world economy, and nobody else.
When 40 percent of American citizens don’t have the money to cover a $400 emergency, your consumer-driven economic system has been smashed — and to hell with the stock market.