The Quiet Coup: finance industry has captured our government

[GeezerMan]

Link

Really good Atlantic Monthly article written by a former IMF chief economist.Bailouts won't work

"Of course, the U.S. is unique. And just as we have the world?s most advanced economy, military, and technology, we also have its most advanced oligarchy."

"The challenges the United States faces are familiar territory to the people at the IMF. If you hid the name of the country and just showed them the numbers, there is no doubt what old IMF hands would say: nationalize troubled banks and break them up as necessary."

 

[alchemize]

It's not the millitary-industrial complex we need to be worried about anymore, is it.

 

[Robor]

GeezerMan - Don't know where it came from but your sig rocks! :thumbsup:

 

[Genx87]

Originally posted by: alchemize
It's not the millitary-industrial complex we need to be worried about anymore, is it.

The Military Industrial Complex was a good scapegoat for all of the big govt nanny staters who try to point towards Eisnhowers speech nearly 50 years ago when the military consumed far larger %'s of our gdp and budget as some red herring to stop all military spending. It is funny because many of them havent realized they are simply a different side of the same coin by erecting an even larger social industrial complex. These people enabled an industry to consume over a trillion in wealth from avg America in just a few short months.

 

[Darthvoy]

Originally posted by: Genx87

Originally posted by: alchemize
It's not the millitary-industrial complex we need to be worried about anymore, is it.

The Military Industrial Complex was a good scapegoat for all of the big govt nanny staters who try to point towards Eisnhowers speech nearly 50 years ago when the military consumed far larger %'s of our gdp and budget as some red herring to stop all military spending. It is funny because many of them havent realized they are simply a different side of the same coin by erecting an even larger social industrial complex. These people enabled an industry to consume over a trillion in wealth from avg America in just a few short months.

yup, they are group of people whose greed knows no bounds. They are so greedy that they occasionally destroy themselves. But, it's ok because they have the goverment in their pockets to bail them out.

 

[GeezerMan]

So, when further bank bailouts are "needed" what will the reaction of the public be? Just a few more tea parties? How about a million man march on Washington?

 

[Craig234]

Originally posted by: GeezerMan
So, when further bank bailouts are "needed" what will the reaction of the public be? Just a few more tea parties? How about a million man march on Washington?

My sense is that Congress has had it with TARP, and doesn't plan more. The big spending by Obama is not TARP, it's the 'stimulus package' and a very different program.

Unfortunately, I have suspicions about continuing excessive influence of the financial industry within the administration.

People seem to be very naive, that the liberals complaining about the corporate corruption of the political system is just hot air, not something that's real.

 

[DisgruntledVirus]

Originally posted by: GeezerMan
So, when further bank bailouts are "needed" what will the reaction of the public be? Just a few more tea parties? How about a million man march on Washington?

Only if all the marchers have assault rifes so we can protect our 2nd amendment right as well.

 

[Pocatello]

I don't know if we should nationalized the banks or not, but I do agree that the banks have too much influence in Washington.

 

[GTaudiophile]

Originally posted by: Robor
GeezerMan - Don't know where it came from but your sig rocks! :thumbsup:

Agreed. Brilliant idea.

 

[ElFenix]

Originally posted by: Craig234

Unfortunately, I have suspicions about continuing excessive influence of the financial industry within the administration.

link

 

[BoberFett]

Originally posted by: Craig234
People seem to be very naive

Yes, you are.

 

[SirStev0]

Originally posted by: GTaudiophile

Originally posted by: Robor
GeezerMan - Don't know where it came from but your sig rocks! :thumbsup:

Agreed. Brilliant idea.

+ 1

 

[GeezerMan]

Originally posted by: SirStev0

Originally posted by: GTaudiophile

Originally posted by: Robor
GeezerMan - Don't know where it came from but your sig rocks! :thumbsup:

Agreed. Brilliant idea.

+ 1

I can't take credit for it. I found it on the web..

 

[Hacp]

Originally posted by: GeezerMan
So, when further bank bailouts are "needed" what will the reaction of the public be? Just a few more tea parties? How about a million man march on Washington?

Careful. NSA's watching.

 

[GuitarDaddy]

Originally posted by: Hacp

Originally posted by: GeezerMan
So, when further bank bailouts are "needed" what will the reaction of the public be? Just a few more tea parties? How about a million man march on Washington?

Careful. NSA's watching.

That's why they created the Patriot Act! So they would have the authority to keep everything nice and Patriotic

 

[manowar821]

Originally posted by: GuitarDaddy

Originally posted by: Hacp

Originally posted by: GeezerMan
So, when further bank bailouts are "needed" what will the reaction of the public be? Just a few more tea parties? How about a million man march on Washington?

Careful. NSA's watching.

That's why they created the Patriot Act! So they would have the authority to keep everything nice and Patriotic

Designated Million Man March on Washington zone!

 

[runzwithsizorz]

Originally posted by: GuitarDaddy

Originally posted by: Hacp

Originally posted by: GeezerMan
So, when further bank bailouts are "needed" what will the reaction of the public be? Just a few more tea parties? How about a million man march on Washington?

Careful. NSA's watching.

That's why they created the Patriot Act! So they would have the authority to keep everything nice and Patriotic

Jamaica knows how to deal with angry tax protesters,---
http://www.reuters.com/article.../idUSN4N34351120090423