AMERICAblog: "Profits have been privatized and losses socialized"
sittenpretty
· 1 year ago
following Roubini for 2 years
sigh!
and as a ANIMAL RESCUER im sick about this
Animal abuse revealed at Hormel-tied farm Undercover PETA video shows workers hitting sows, slamming piglets.
BOYCOTT ALL THINGS HORMEL
jebauer
· 1 year ago
Ever since the cows on the forklift fiasco I refuse to eat anything that doesn't specifically say it was allowed to live a decent life... ie free range, no homones, local... we treat our animals like we treat everything else, including finances, with arrogance and complete disregard to the welfare of others. I think the Roman Empire is about to go bust and frankly I sometimes wonder if we deserve to be saved.
cowboyneok
· 1 year ago
"Profits have been privatized, and losses socialized." Yes, I remember before George Dubya Bush was selected President by the Supreme Court in 2000 and couldn't make a living running oil companies so he made all his money off the taxpayers in Arlington, TX funding his baseball park. One more example where some underperforming scumbag was able to get rich off socialism for the wealthy. He couldn't make money other than sponging off the taxpayers. Then, of course, don't you DARE tax the ultra rich when they've stolen all their profits from their taxpayer funded businesses.
sittenpretty
· 1 year ago
oh my
Hockey mom" Sarah Palin's shantung silk Valentino jacket for the Republican National Convention was worth $2,500, according to a story in the New York Post.
"Insiders tell Page Six Palin has a secretive circle of stylists who dress her for events," the Post wrote Wednesday. For her big speech in St. Paul, where she accepted the GOP's vice-presidential nod, this fashion-conscious team encouraged the Alaska governor to splurge on a $2,500 jacket from Saks Fifth Avenue designed by Valentino Garavani."
Palin told RNC delegates: "I was just your average hockey mom, and signed up for the PTA because I wanted to make my kids' public education better."
The Post cited an individual "familiar" with Palin's "primping."
"They do not want the American public to know that Palin is using stylists or that she is paying for expensive clothes this early on in the campaign," the source said
tbhull
· 1 year ago
She still looked like a funie nut bag, though a hot fundie nut bag who could use a little discipline, fiscal discipline that is.
cowboyneok
· 1 year ago
The I feel your McPain - Palin camp needs to explain Cindy McCain's $350,000.00 outfit at the RNC. I guess Cindy was just showing off how the fundamentals in our economy are so good everyone can dress like that if they just wanted to!
lucky hussein
· 1 year ago
Chirs, occasionaly we see a commenter on cnbc point some out the failures of no regulation. I would be curious to your opinions as to why the subprime crisis, which is clearly a massive pyramid scheme, was never really reported on. For all cnbc's commentators, shows, news, etc, basic simple economic facts of a systems out of control are really not reported. Even now, the talk is mostly: 'system is sound, just need more reponsibility from private industry...' - which is bull. We need government agencies who won't let garbage run wild year after year, decade after decade. And it doesn't take a financial wiz to see what's going on or monitor it. I'm just realizing this problem now, but why is a huge pyramid scheme not reported on in the major media? (until now maybe) Not to mention our government not doing anything. I guess everyone in power is hopelessly corrupt. Sounds like the end of the roman empire.
Executive abilities? She doesn't have any," said former Wasilla City Council member Nick Carney, who selected and groomed Palin for her first political race in 1992 and served with her after her election to the City Council.
Four years later, the ambitious Palin won the Wasilla mayor's office -- after scorching the "tax and spend mentality" of her incumbent opponent. But Carney, Palin's estranged former mentor, and others in city hall were astounded when they found out about a lavish expenditure of Palin's own after her 1996 election. According to Carney, the newly elected mayor spent more than $50,000 in city funds to redecorate her office, without the council's authorization.
Carney confronted Mayor Palin at a City Council hearing, and was shocked by her response.
"I braced her about it," he said. "I told her it was against the law to make such a large expenditure without the council taking a vote. She said, 'I'm the mayor, I can do whatever I want until the courts tell me I can't.'"
sittenpretty
· 1 year ago
by the way that avatar is me,i dont need a 2,500 dollar jacket to be sittenpretty...just sayin
Steve_in_CNJ
· 1 year ago
this was front-paged at DKos just now. a conservative (ex-publisher of Nat Rev) makes the case for obama and against mccain. after 8 years of numbing insanity under GWB, it might help restore the blood flow to your brain.
What is grating is that Margaret Warner chuckled when Roubini declared the "light at the end of the tunnel is the coming train wreck".
This guy has been right about everything so far. Why are so many in denial?
High Crimes & Misdemeanors
· 1 year ago
ahhhh folks, Roubini is behind the times. LaRouche has been saying this for a long time, alot longer then Roubini has...
Folks, lets start looking at the bigger picture of this mess.
The World Financial Market is dead, its a walking zombie and all Paulson, the REPUKES and DEMS are just sticking their finger in the dyke with these "loans" to a dying corrupt system. That's the bigger picture, and unless we wrap our heads around this notion, we are gonna get run over by that freight train in the tunnel. And we thought that LA train wreck was terrible....
Jim Kramer had it right, that's what socialized capitalism is - privatization of gains and socialization of losses. And China has been protected from any loss, too.
CNBC reporting WaMu is going to begin auctioning itself off and that Morgan Stanley is begging to be gobbled up by somebody, anybody.
MarxMarvelous
· 1 year ago
This is old news to Ron Paul supporters. And it's the Republicrats who allowed this. And it wasn't by accident.
High Crimes & Misdemeanors
· 1 year ago
And one more thing Chris, why do you use a tool like Roubini, a tool of the Oligarchy??
This is his bio from Wikipedia:
In the 1990s, Roubini studied the collapse of emerging economies. Consistent with the unusual talent noted by Sachs, he used an intuitive, historical approach backed up an understanding of theoretical models to analyze these countries and came to conclusion that a common denominator was large current account deficits financed by loans from abroad. He began to think that the United States might be the next to suffer, and began writing about the possible collapse in 2004.[2]
He's only been predicting a collapse since 1990 or is it 2004????
Fer' Christ Sake Chris, lets use someone with a little more credibility and who's been studying about the economy for some time. LaRouche was at it while Roubini was still shitting in his pants.....
All Comments
sigh!
and as a ANIMAL RESCUER im sick about this
Animal abuse revealed at Hormel-tied farm
Undercover PETA video shows workers hitting sows, slamming piglets.
BOYCOTT ALL THINGS HORMEL
Hockey mom" Sarah Palin's shantung silk Valentino jacket for the Republican National Convention was worth $2,500, according to a story in the New York Post.
"Insiders tell Page Six Palin has a secretive circle of stylists who dress her for events," the Post wrote Wednesday. For her big speech in St. Paul, where she accepted the GOP's vice-presidential nod, this fashion-conscious team encouraged the Alaska governor to splurge on a $2,500 jacket from Saks Fifth Avenue designed by Valentino Garavani."
Palin told RNC delegates: "I was just your average hockey mom, and signed up for the PTA because I wanted to make my kids' public education better."
The Post cited an individual "familiar" with Palin's "primping."
"They do not want the American public to know that Palin is using stylists or that she is paying for expensive clothes this early on in the campaign," the source said
http://www.pimco.com/LeftNav/Featured+Market+Co...
Executive abilities? She doesn't have any," said former Wasilla City Council member Nick Carney, who selected and groomed Palin for her first political race in 1992 and served with her after her election to the City Council.
Four years later, the ambitious Palin won the Wasilla mayor's office -- after scorching the "tax and spend mentality" of her incumbent opponent. But Carney, Palin's estranged former mentor, and others in city hall were astounded when they found out about a lavish expenditure of Palin's own after her 1996 election. According to Carney, the newly elected mayor spent more than $50,000 in city funds to redecorate her office, without the council's authorization.
Carney confronted Mayor Palin at a City Council hearing, and was shocked by her response.
"I braced her about it," he said. "I told her it was against the law to make such a large expenditure without the council taking a vote. She said, 'I'm the mayor, I can do whatever I want until the courts tell me I can't.'"
sittenpretty...just sayin
http://www.dmagazine.com/ME2/dirmod.asp?nm=Core...
What is grating is that Margaret Warner chuckled when Roubini declared the "light at the end of the tunnel is the coming train wreck".
This guy has been right about everything so far. Why are so many in denial?
Folks, lets start looking at the bigger picture of this mess.
The World Financial Market is dead, its a walking zombie and all Paulson, the REPUKES and DEMS are just sticking their finger in the dyke with these "loans" to a dying corrupt system. That's the bigger picture, and unless we wrap our heads around this notion, we are gonna get run over by that freight train in the tunnel. And we thought that LA train wreck was terrible....
Let us be very fair about U.S. Treasury Secretary Paulson. His chief fault is that he was virtually a certifiable "Baby Boomer," who came into government circles during the administration of Richard Nixon, but soon left, in a gesture of prudence, to assume a safer career-opportunity in the so-called "financial community." That is to emphasize, that he, like most Wall Street professionals of his age and younger, has had virtually no experience with a real economy. He is, essentially, like the rest of the Wall Street crowd, a gambler, not an economist.
In fact, the beliefs of the entire Wall Street and London financial community with whose defective, British ideology he and many others, especially the Baby-Boomers, are infected, are both insane, and also, implicitly unlawful under the specifications of the original intention of the U.S. Federal Constitution. Thus, notables such as Paulson and Bernanke "just don't get it;" they are, as Alice said, "just a pack of cards," or, if you prefer to say it, "just monopoly-money bureaucrats"
To grasp the tragic significance of Secretary Paulson's problems, glance back to this past June, when Senator Barack Obama had just returned to the U.S.A. from a junket through some places in Southwest Asia and Europe. Recall the assembling of twenty-one presumed economics experts who met with Senator Obama, shortly after the Senator's retreat from Europe, to discuss economic policy here. When the Senator left the room after a short meeting with those assembled, they, Democrats and Republicans alike, looked at one another with a shared feeling of dismay. Was this the man projected to become the next President of the United States? What a horrid thought! A shudder must have passed among those still assembled in that room.
....and here is LaRouche predicting this mess long before Roubini
----------------
When We Went Wrong?
Despite President Harry Truman's extensive sabotage of the successful system created by President Franklin Roosevelt, and despite what proved to be the disastrous Arthur Burns, the essentials of the American "fair trade" policies under Presidents Dwight Eisenhower and John F. Kennedy, carried our republic's economy safely (despite Burns' terrible, and habituated blunders) until the time of the assassination of President Kennedy. Had President Lyndon Johnson not sensed the barrels of three rifles aimed at the back of his neck, he would probably not have permitted the fraud of the 1964 "Gulf of Tonkin" resolution, and the economy would have remained more or less sound.
My own first forecast as an economist had been made, back then, during the second half of the 1950s, in Summer 1956, when I diagnosed the current practices, including reckless credit and dealership accounting policies, of the automobile and other hard goods industries, as threatening the breakout of the worst post-war recession to date, to break out about February 1957, a recession which arrived on schedule.
This outbreak of the 1957 recession, on schedule, led to my later, long-term forecast, composed during 1958-60, in which I warned that, under a continuation of the trend established under Arthur Burns' influence during the 1950s, we must expect the risk of a pattern to emerge during the late 1960s, in which waves of recession would lead toward the threat of a severe crisis by about the beginning of the 1970s. (Very few so-called economists actually deal with long-term physical-capital factors. Most tend, instead, toward the equivalent of the gypsy art of tea-leaf reading.)
I have nothing in common with typical academic bunglers or Wall Street crystal-ball gazers; I did not claim that this, or that was inevitable, but what would become almost certain, on account of medium- to long-term physical-capital factors, unless the pattern set by Burns et al. was reversed during no later than the course of the mid-1960s.
As in every Classical tragedy, there is almost always an hypothetical alternative to doom; the danger comes not from some individual figure, but from the fact that the culture of that society or nation does not permit it to make the available decisions by which the relevant catastrophe might have been avoided. Only the exceptional leader, who not only goes against, but kicks the pricks of current conventions, has ever rescued a culture as a whole from what had become its built-in plunge toward self-inflicted doom, as has been, in fact, the case of the U.S.A. since the day of President Kennedy's assassination.
http://www.cnn.com/2008/POLITICS/09/17/battlegr...
This is his bio from Wikipedia:
In the 1990s, Roubini studied the collapse of emerging economies. Consistent with the unusual talent noted by Sachs, he used an intuitive, historical approach backed up an understanding of theoretical models to analyze these countries and came to conclusion that a common denominator was large current account deficits financed by loans from abroad. He began to think that the United States might be the next to suffer, and began writing about the possible collapse in 2004.[2]
He's only been predicting a collapse since 1990 or is it 2004????
Fer' Christ Sake Chris, lets use someone with a little more credibility and who's been studying about the economy for some time. LaRouche was at it while Roubini was still shitting in his pants.....
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