(11-2-09) The most recent massive consolidation of wealth was dynamically advanced under the Bush-Cheney Regime, which depleted all of the fiscal surpluses it inherited from the fiscally prudent Clinton-Gore Regime and then accrued enormous fiscal deficits.

Thus an enormous speculative bubble was created through a cheap and easy money policy that was kept too long (on purpose) and which then collapsed, leading to enormous wealth generation for those who were effectively short assets after the collapse.

You could call this the "wealth multiplier effect" of collapse.

You may have noticed that wealthy Republicans are never long in the beginning; they are short at the end of speculative bubbles.

Why? Because the great wealth accumulated in speculative bubbles is not gotten by being long early in the bubble but by being short once the bubble breaks.

This is called "being short at the top," as they say. That's where the great wealth is made.

What the Bush-Cheney Regime and the economic policies it proffered in concert with allied regimes elsewhere, particularly in Japan, were able to accomplish was Private Capital Wealth Consolidation.