Eleven reasons America is the new socialist economy

[charrison]

Originally posted by: Vic

Originally posted by: ElFenix

Originally posted by: Vic

Originally posted by: ElFenix
intelligent pro-growth investments by government would be better.

So I take it you're voting for Obama then?

i've already stated i'm voting for obama.

Ah sorry, I must have missed that.

His particular stance on this issue was probably what won him my vote. Our infrastructure is in tatters, and he's the only one promising to do anything about it. And FFS it would be nice to see an administration willing to invest in our children and our country's future again.

While there is obviously some infrastructure that needs work, I dont think tatters is the right word to describe the current state of American infrastructure.

 

[BoberFett]

Originally posted by: charrison

Originally posted by: Vic

Originally posted by: ElFenix

Originally posted by: Vic

Originally posted by: ElFenix
intelligent pro-growth investments by government would be better.

So I take it you're voting for Obama then?

i've already stated i'm voting for obama.

Ah sorry, I must have missed that.

His particular stance on this issue was probably what won him my vote. Our infrastructure is in tatters, and he's the only one promising to do anything about it. And FFS it would be nice to see an administration willing to invest in our children and our country's future again.

While there is obviously some infrastructure that needs work, I dont think tatters is the right word to describe the current state of American infrastructure.

Those of us in MN would beg to disagree. That's not for a lack of funds however, that's for a lack of priorities. Our bridges fall while baseball stadiums go up.

 

[charrison]

Originally posted by: BoberFett

While there is obviously some infrastructure that needs work, I dont think tatters is the right word to describe the current state of American infrastructure.

Those of us in MN would beg to disagree. That's not for a lack of funds however, that's for a lack of priorities. Our bridges fall while baseball stadiums go up.[/quote]

I wont disagree with that. Gas taxes are supposed to fund roads, not other pet projects. The state of texas also siphons off gas tax money for other things.

 

[LegendKiller]

Originally posted by: Vic

Originally posted by: LegendKiller

Originally posted by: JS80
You obviously fail to understand LK and others' view - he is not defending the banks that went 30x leverage and screwed us all over - he is simply making the analysis that, give this has already happened, and you have two choices ("bail out" vs let them go broke), you have to choose the lesser of two evils to prevent a complete meltdown of the entire system.

Your position is simply based on wanting everything to fail because of your disdain for Bush.

I have tried to explain this situation many times over. However, people like PC Surgeon have a very hard time in understanding the logic of having to deal with the present and then trying to fix the past in the future.

I think they want everything to fail because they aren't intelligent enough to realize how to fix the problem.

It's akin throwing the baby out with the bathwater because you can't figure out that picking up the baby and moving it is a more logical technique.

I'm sorry, but there is little more anti-capitalist in attitude than this belief that a private for-profit corporation is "too big to fail."
It essentially takes all the risk out of the system. And then you wonder why these huge institutional investors make these irrational decisions that they do... it's because they can't lose.
They pocket huge profits in the boom, then get bailed-out in the bust.
So it's not that anyone wants to throw the baby out with the bathwater so far I as know, it's that we don't want to keep reliving this shit over and over again for the rest of our lives.

Too big to fail isn't the right phrase.

Too much panic will make the system fail. That's the right phrase.


http://www.vanityfair.com/poli...e=true&currentPage=all


If you guys want to figure out how a "run on the bank" occurs in modern times, read that.

Confidence and faith in the system is probably the most important aspect of the system. Remove that and you have no system.

 

[Tab]

Originally posted by: LegendKiller

Originally posted by: Vic

Originally posted by: LegendKiller

Originally posted by: JS80
You obviously fail to understand LK and others' view - he is not defending the banks that went 30x leverage and screwed us all over - he is simply making the analysis that, give this has already happened, and you have two choices ("bail out" vs let them go broke), you have to choose the lesser of two evils to prevent a complete meltdown of the entire system.

Your position is simply based on wanting everything to fail because of your disdain for Bush.

I have tried to explain this situation many times over. However, people like PC Surgeon have a very hard time in understanding the logic of having to deal with the present and then trying to fix the past in the future.

I think they want everything to fail because they aren't intelligent enough to realize how to fix the problem.

It's akin throwing the baby out with the bathwater because you can't figure out that picking up the baby and moving it is a more logical technique.

I'm sorry, but there is little more anti-capitalist in attitude than this belief that a private for-profit corporation is "too big to fail."
It essentially takes all the risk out of the system. And then you wonder why these huge institutional investors make these irrational decisions that they do... it's because they can't lose.
They pocket huge profits in the boom, then get bailed-out in the bust.
So it's not that anyone wants to throw the baby out with the bathwater so far I as know, it's that we don't want to keep reliving this shit over and over again for the rest of our lives.

Too big to fail isn't the right phrase.

Too much panic will make the system fail. That's the right phrase.


http://www.vanityfair.com/poli...e=true&currentPage=all


If you guys want to figure out how a "run on the bank" occurs in modern times, read that.

Confidence and faith in the system is probably the most important aspect of the system. Remove that and you have no system.

Wow, that is some article. Goddamn.

Even among the circle of top executives who lived through that frantic week, no two people see the crisis at Bear the same way. Many, though, agree with some version of the scenario Alan Schwartz has come to believe. Yes, Schwartz tells friends, mistakes were made. Yes, the firm was financially weakened. But the more he learned about what had happened behind the scenes that week, the more Schwartz came to believe that Bear?s collapse was a pre-meditated attack orchestrated by market speculators who stood to profit from its demise. According to those Schwartz has briefed, these unnamed speculators?several now being investigated by the S.E.C.?employed a complex scheme to force a handful of major Wall Street firms to hold up trades with Bear, then leaked the news to the media, creating an artificial panic.