Wry Catcher
Diamond Member
- Aug 3, 2009
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"Editor's note: The following story ran Oct. 24, 1991, on Day Five of the nine-day "America: What went wrong?" series published in the Inquirer."
"Since deregulation of the trucking industry in 1980, more than 100 once- thriving trucking companies have gone out of business. More than 150,000 workers at those companies lost their jobs.
"Since deregulation of the airlines in 1978, a dozen airline companies have merged or gone out of business. More than 50,000 of their employees lost their jobs."
Since deregulation of the savings and loan industry in 1982, about 650 S&Ls have folded, with at least 400 more in serious trouble. The bailout will leave taxpayers stuck with a half-trillion-dollar tab.
"Those who cannot remember the past are condemned to repeat it"
George Santayana, American Philosopher (1863-1952)
This series of articles, "America, What Went Wrong" ran for nine days in the Philadelphia Inquirer in 1991 and has been repeated beginning June 12, 2012. Link to the first article:
How game was rigged against middle class
"Since deregulation of the trucking industry in 1980, more than 100 once- thriving trucking companies have gone out of business. More than 150,000 workers at those companies lost their jobs.
"Since deregulation of the airlines in 1978, a dozen airline companies have merged or gone out of business. More than 50,000 of their employees lost their jobs."
Since deregulation of the savings and loan industry in 1982, about 650 S&Ls have folded, with at least 400 more in serious trouble. The bailout will leave taxpayers stuck with a half-trillion-dollar tab.
"Those who cannot remember the past are condemned to repeat it"
George Santayana, American Philosopher (1863-1952)
This series of articles, "America, What Went Wrong" ran for nine days in the Philadelphia Inquirer in 1991 and has been repeated beginning June 12, 2012. Link to the first article:
How game was rigged against middle class
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