For Republicans, greed is good

[snjmom]

Stealing a million dollars is already against the law, dingbat.

Haven't seen any perp walks in the US yet. Gotta acknowledge the UK's response but the sterling short woke them up a bit.

Who are you accusing of stealing a million dollars?

I assume you don't consider Bloomberg a bed of radical leftists?
Wall Street Aristocracy Got $1.2 Trillion in Secret Loans

Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.
“These are all whopping numbers,” said Robert Litan, a former Justice Department official who in the 1990s served on a commission probing the causes of the savings and loan crisis. “You’re talking about the aristocracy of American finance going down the tubes without the federal money.”

Shouldn't these titans of industry do at least as much time as the shoplifter or drug user?

 

[Toddsterpatriot]

Seems that way to a lot of us Joe. Get the money out of Politics so that our elected officials can do what we elected them to do... serve the PEOPLE, not the contributors.

Get the government out of the economy and there wouldn't be such a need for contributors.

Every governmental decision has an economic impact. Every decision made by an individual has an economic impact. Economics is about opportunity cost, not money. Finance is about money. It is much easier to ban money from the electoral process than it is to ban legislation from having any impact on the economy.

The Federal Budget this year is something over 25% of GDP. State budgets are another huge chunk. Federal and state regulations cost hundreds of billions or more in compliance costs annually. All great reasons to spend big bucks to influence government.

Reduce government by 60% and the amount of money spent on elections will take a nose dive.

 

[Toddsterpatriot]

Haven't seen any perp walks in the US yet. Gotta acknowledge the UK's response but the sterling short woke them up a bit.

Who are you accusing of stealing a million dollars?

I assume you don't consider Bloomberg a bed of radical leftists?
Wall Street Aristocracy Got $1.2 Trillion in Secret Loans

Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.
“These are all whopping numbers,” said Robert Litan, a former Justice Department official who in the 1990s served on a commission probing the causes of the savings and loan crisis. “You’re talking about the aristocracy of American finance going down the tubes without the federal money.”

Shouldn't these titans of industry do at least as much time as the shoplifter or drug user?

Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money

Loans that have been repaid? Wow! That's just like theft!

 

[Mr.Nick]

The funny part is corporations donate just as much to democratic politicians as republicans do...

Sunlight Foundation

This is why the progressive argument is dumbshit...

 

[AVG-JOE]

Seems to this average Joe that the qualifying trait as to the corruptibility of a politician is simply the number and quality of elections financed to date.

Seems that way to a lot of us Joe. Get the money out of Politics so that our elected officials can do what we elected them to do... serve the PEOPLE, not the contributors.

Get the government out of the economy and there wouldn't be such a need for contributors.

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Would you buy a car that was guaranteed for 100,000 miles on the advertisement, if there were no government in the marketplace, ensuring the terms advertised were upheld?

There is a required place in the next economy for government - The trick is a fair and simple tax code, a budget that's balanced by law, and transparency in all things politics.

Starting an economy that your kids can drive to the stars isn't rocket science.

 

[AVG-JOE]

Get the government out of the economy and there wouldn't be such a need for contributors.

Every governmental decision has an economic impact. Every decision made by an individual has an economic impact. Economics is about opportunity cost, not money. Finance is about money. It is much easier to ban money from the electoral process than it is to ban legislation from having any impact on the economy.

The Federal Budget this year is something over 25% of GDP. State budgets are another huge chunk. Federal and state regulations cost hundreds of billions or more in compliance costs annually. All great reasons to spend big bucks to influence government.

Reduce government by 60% and the amount of money spent on elections will take a nose dive.

The problem is figuring out a way to reduce the government by ANY percentage with the currently entrenched corruption in DC.

The answer is NOT 'No regulation!' - the answer is 'Appropriate regulation, written in plain language and administered fairly in the market.' The answer is not 'No taxes!' - the answer is 'Fair taxes, collected with as simple a tax code as possible.'

Government management of the economy is not the problem - quite the opposite, government macro management is necessary for our integrated lifestyle. The problem is government attempts to micro manage the economy via a complicated tax code of favoritism.

Fair and simple taxes, a budget balanced by law, and transparency in all things politics.

 

[bripat9643]

Haven't seen any perp walks in the US yet. Gotta acknowledge the UK's response but the sterling short woke them up a bit.

Who are you accusing of stealing a million dollars?

I assume you don't consider Bloomberg a bed of radical leftists?
Wall Street Aristocracy Got $1.2 Trillion in Secret Loans

Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.
“These are all whopping numbers,” said Robert Litan, a former Justice Department official who in the 1990s served on a commission probing the causes of the savings and loan crisis. “You’re talking about the aristocracy of American finance going down the tubes without the federal money.”

Shouldn't these titans of industry do at least as much time as the shoplifter or drug user?

The Federal reserve loaned them the money. If anyone should go to jail it should be its directors. The bankers didn't break any laws.

You obviously don't understand the definition of the word "steal."

 

[bripat9643]

Seems that way to a lot of us Joe. Get the money out of Politics so that our elected officials can do what we elected them to do... serve the PEOPLE, not the contributors.

Get the government out of the economy and there wouldn't be such a need for contributors.

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Would you buy a car that was guaranteed for 100,000 miles on the advertisement, if there were no government in the marketplace, ensuring the terms advertised were upheld?

There is a required place in the next economy for government - The trick is a fair and simple tax code, a budget that's balanced by law, and transparency in all things politics.

Starting an economy that your kids can drive to the stars isn't rocket science.

How does the need to enforce contracts justify welfare, Social Security and Medicare?

 

[Toddsterpatriot]

Seems that way to a lot of us Joe. Get the money out of Politics so that our elected officials can do what we elected them to do... serve the PEOPLE, not the contributors.

Get the government out of the economy and there wouldn't be such a need for contributors.

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Would you buy a car that was guaranteed for 100,000 miles on the advertisement, if there were no government in the marketplace, ensuring the terms advertised were upheld?

There is a required place in the next economy for government - The trick is a fair and simple tax code, a budget that's balanced by law, and transparency in all things politics.

Starting an economy that your kids can drive to the stars isn't rocket science.

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

The government can enforce contracts without controlling 30% of GDP.
Try again?

 

[AVG-JOE]

Get the government out of the economy and there wouldn't be such a need for contributors.

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Would you buy a car that was guaranteed for 100,000 miles on the advertisement, if there were no government in the marketplace, ensuring the terms advertised were upheld?

There is a required place in the next economy for government - The trick is a fair and simple tax code, a budget that's balanced by law, and transparency in all things politics.

Starting an economy that your kids can drive to the stars isn't rocket science.

How does the need to enforce contracts justify welfare, Social Security and Medicare?

It doesn't.

It justifies 'government'.



Social Security, Medicare and Welfare are merely some of the choices within government.

 

[EdwardBaiamonte]

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Joe, you are an average liberal , you don't read so don't know the basic American arguments. Without government people develop their own rules. Your reputation becomes very very important. You learn you have to be trustworthy to be hired. Character would matter more not less in a free society.

Would you buy a car that was guaranteed for 100,000 miles on the advertisement,

sure cause you'd trust the dealer before you bought. Systems like Consumer Reports would be in place telling you who had a reputation for honesty. Integrity would be more important without government. Over your head average Joe?

if there were no government in the marketplace, ensuring the terms advertised were upheld?

right!!! the government liberal people are honest but the business people are not. The assumption that government has policed everything before you buy encourages merchants to be dishonest. They know government can't police much, whereas average Joe assumes all is well and gets beaten all the time.


Here's the basics of American History for you:

"Sometimes it is said that man cannot be trusted with the government of himself. Can he, then be trusted with the government of others? Or have we found angels in the form of kings to govern him? Let history answer this question." Jefferson

 

[rdean]

For Republicans, greed is good

Not for their base. But they are blinded by a dark color.

 

[bripat9643]

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Would you buy a car that was guaranteed for 100,000 miles on the advertisement, if there were no government in the marketplace, ensuring the terms advertised were upheld?

There is a required place in the next economy for government - The trick is a fair and simple tax code, a budget that's balanced by law, and transparency in all things politics.

Starting an economy that your kids can drive to the stars isn't rocket science.

Oh please! Why is it that whenever some talks about cutting government, liberals immediately start scare mongering about cutting the few government legitimate functions that no one wants to cut? We can cut 95 percent Lethe budget and still in force contracts.

 

[bripat9643]

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Would you buy a car that was guaranteed for 100,000 miles on the advertisement, if there were no government in the marketplace, ensuring the terms advertised were upheld?

There is a required place in the next economy for government - The trick is a fair and simple tax code, a budget that's balanced by law, and transparency in all things politics.

Starting an economy that your kids can drive to the stars isn't rocket science.

How does the need to enforce contracts justify welfare, Social Security and Medicare?

It doesn't.

It justifies 'government'.



Social Security, Medicare and Welfare are merely some of the choices within government.

Theft, armed robbery and murder are some of the choices within organized crime.

 

[Listening]

For Republicans, greed is good

Not for their base. But they are blinded by a dark color.

If I want to keep the money I earned, I am greedy.

But if you want to take the money I earned, you are noble.

We both want my money. Somehow this whole premise is assanine.

Well, look who started the thread.

 

[Listening]

For Republicans America is a platform for individual fulfillment. Here is the catch: the Individual is defined in the narrowest possible terms. .

And the problem is ?

Any notion of the "The Public Good" is seen as "Socialism" (socialism being anything the government does for the non-wealthy).

Total hyperbole and total garbage. Government does the job it was supposed to do according the contsitution. More than that is illegal. That would describe the federal democrats and federal republicans.

The Free Market will fix New Orleans levees.

The free market will determine if the levees in New Orleans are worth fixing. If not, the market has spoken. Where is it written that we have to have a New Orleans. I know, I know, change is difficult for democrats. You would not want a liberal bastion like that wiped out.

The Free Market will effectively control the amount of derivative based risk Wall Street will take.

It will never allow Wall Street to get to the point that it was under the kind of corporate oligarchy set up that democrats have protected for so long. You know, like GM.

The Free Market will get us off imported oil(rather than spending decades making terrorists stronger).

When we decide that oil independence is worth it, we'll pay for it. Until then, if you want to buy local oil...be my guest. But don't expect to not have a BP from time to time. That is stupid on your part.

The Free Market will keep our rivers clean.

That's right.

The Free Market will make healthcare more efficient.

How would you know. We have not had an open market in health care since from the start of time. It is now more heavily regulated than ever. And you morons call it a market failure. I call it propped up by the government...which it is.

The Free Market won't bribe Washington in order to increase it's profit margin.

And the free market can't educate people like you as to how all that money get to D.C. to begin with.

We don't need to worry about "The Public Good", individual selfishness driven by short term profit is a utopian reflex.

Please define public good. I have always enjoyed that term. It means nothing.

But the world doesn't work that way. Selfishness harms society....tears it apart....destroys the world economy....spills millions of barrels of oil in the Gulf of Mexico.....tears a hole in the ozone...creates a garbage patch in the Pacific Ocean twice the size of Texas...melts the North Polar ice cap.....creates massive deficits by giving huge tax breaks for the wealthy....

All driven by the government. Isn't that funny ? After all, you try getting a permit to drill in the GOM and you try getting the money together to buy a rig. Go ahead. There are extreme barriers to entry that allow companies like BP to fat dumb and sloppy. And they think once they have checked off a government driven box they have done thier job. When you pay whole departments for compliance on stupid regulations you lose sight of what is good for you to begin with.

And of course the governemt help blow the economy apart with it's meddling in housing.

Who gave those tax breaks....that is right...government.

And on and on and on and on.

I know Chris didn't write this...I'll bet he took it off a site. He usually can't do more than two sentences before his ADD medication fails him.

But the Republicans celebrate this selfishness. It is their core value. For them greed is good.

Please provide a linke that shows this...where that word is used. Just because the idiot who wrote this can't understand that some people would like more control over their own destinies, he (the author) shows his lack of tolerance by poisoning the discuss right from the start.

Liberals hate liberty.

They won't be happy until we are all poor together.

Obama does not get re-elected.

 

[AVG-JOE]

Would you hire someone or work for someone without government waiting in the wings to enforce the contract if needed?

Would you buy a car that was guaranteed for 100,000 miles on the advertisement, if there were no government in the marketplace, ensuring the terms advertised were upheld?

There is a required place in the next economy for government - The trick is a fair and simple tax code, a budget that's balanced by law, and transparency in all things politics.

Starting an economy that your kids can drive to the stars isn't rocket science.

Oh please! Why is it that whenever some talks about cutting government, liberals immediately start scare mongering about cutting the few government legitimate functions that no one wants to cut? We can cut 95 percent Lethe budget and still in force contracts.

After we the people enforce a few contracts, we should drop a dime or two into education...

 

[Listening]

If Chris had said "conservatives" instead of "Republicans," there would have been no valid response possible.

Sure there would have been.

A pronouncement (no better or worse than yours) that would say such a statement if false.

 

[AVG-JOE]

How does the need to enforce contracts justify welfare, Social Security and Medicare?

It doesn't.

It justifies 'government'.



Social Security, Medicare and Welfare are merely some of the choices within government.

Theft, armed robbery and murder are some of the choices within organized crime.

'Gators, Huskies and Beavers are choices within college mascots. You're point?

 

[Listening]

OWS is a perfect example of the zombies going ape over greed their own greed and government failure.

You know when the clerk at the local store asks me if I want to donate a dollar for March of Dimes I do because its my choice....

Lets see them hold out that same jar an say "donate to the woman with 15 kids fund."

You think you will get the same choice??? naw thats why the woman with 15 kids needs democrats and taxpayer dollars to support her and her 15 kids...

Modern day conservatism is the political codification of selfishness.

For the Republicans it always boils down to blame the poor....either people on welfare or illegal immigrants.

Liberals hate liberty.

They claim to want equality which is just their way of saying you need to support me too.

For liberals it always comes down to buying votes (or signing up the dead) from the poor by fearmongering or blaming instead of accepting that life isn't always fair.