ppatt

You are truly full of it and as erudite as you try to appear you miss the mark each and every time.

There is a system of patronage, of nods and winks that has removed a wide variety of protections that have led to a bad economic situation. Changes made in legislation have ridden a wave of benefit to a select few at the expense of others.

Corporations need laws governing them and protecting others from them in the same sense that people do. Every law passed curtails some freedom in some way. Oh shit...why am I even explaining this to you?

In your usual style or lack thereof, you assume naive simplistic formulas for blame. It is not just corporations it is their politicians, it is a witless electorate, it is a monolithic media (which circles back around to the politicians that made it possible and the people who elected the politicians). However, corporations are the delivery system for much of what is dangerous and unjust. As with law, those aiding and abetting are just as guilty -- the only criteria being that they knew and they helped.

Blame the economists. That's some powerful bullshit. They don't govern. Bernanke just took the job after an unstoppable momentum existed. The buck stops with el jefe though but he'll never accept a bit of responsibility. It is all about him except when things go wrong. What a stand up guy. One of your heroes?

As for blaming liberals, it will be tried by those under whose absolute majority the current chaos has been brought about. You can take that to the bank. It will not be their fault.

The types of problems that are beginning just drop from the sky. Poof!

Yeah, right.

I count you among the oddities for whom the bitch slap will have no effect except making you angrier at those who had nothing to do with it.

anhailla

nice post.....don't worry about tangents...lol! (I have been on one for 2days.) I was so mad earlier because my aunt who has been pinching pennies for years called my mother crying worried about her pension. This is a salt of the earth type of person, she never spent more than she had ...worked hard and did everything she was supposed do. She missed about 3 days of work in 30 years. She didn't understand her investmests fully, but thankfully her advisor had moved a large portion over to cash about 11 months ago. My mother confirmed this. (It's her sister). Turns out her retirement is still mostly intact. This man is now on the christmas card list

the thought of these corporate whoring, greedy, america destroying neocon fucks, ruining my aunts retirement...put me in a tailspin. (Also realizing that this would effect millions of others as well, all middle class.. of course)

she got up everyday and worked for a corporation...
Oh the Irony.

I have got my panties out of a twist, but am no longer giving any credence to what any "free market saves us all" ignorant asshole has to say.

If they believe in Capitalism, they ought to read what the father of capitalism had to say. Adam Smith HIMSELF did not believe in Corporate domination.

Even an idiot has to understand that if the middle class is squeezed to a point where they no longer have any capital to spend...The "wealth of nations" theory is dead, bye bye capitalism.

Fucking duh.
and those of you studying economics...read a history book.

__________________
...either I go, or that wallpaper does.

Oscar Wilde

anhailla

oh and one more thing...If it does come to a revolution..and I am still breathing... I'm in!

__________________
...either I go, or that wallpaper does.

Oscar Wilde

DanS.

BleedingPinky

I love to read the last couple of sentences from whatever thread. It´s like where you really pour it in. This one is straight ahead true in my book.

ppatt

At leat there is humor to be found. The hyenas at the watering hole are tearing at the last shreds of the Bear Stearns carcass...major stockholders are taking the issue of the BIG GOVERNMENT financed sale to court. Like a WWF battle royale the scope of participants may widen as those not getting a BIG GOVERNMENT endowed piece of the carcass cry foul.

I just love it when they all turn on one another after things go bad. The only sad thing is that they will still be better off than anahailla's aunt thought they don't deserve to be.



I watch the daily progression of doubletalk with amusement. They are just getting warmed up. Talking points are currently in flux but there will be some semblance of the good old echo chamber we've become accustomed to functioning once again after flummoxed conservatives regain their balance. Right now they are still trying to come up with what to do and what to say. The talking points just haven't had enough time to circulate or maybe conservatives are in hiding because the jig is up.

While there is some amusement in this my blood does boil as I look at the cover of LATimes and see 6 sitting there, 5 scared to death and clearly impressed with the gravity of the situation while the President among them is, from the looks of it, having a great old time, replete with fratboy smirk.

Of course there will be preemptive confessions of having been wrong, laden with convenient explanations and omission or distortion of mention of any connection between policies of the last 7 years and what has happened. If only economics were as easy to predict as these folks.

They will try to turn it into a failure to predict correctly. There's an analogy we can all understand...I thought Phoenix would win and not the Lakers... They will do anything to distract from the fact that the failure was systemic the direct result of pursuing a failed ideology. ...and never mind the ongoing changes that had been being made to the system that eroded safeguards and simultaneously enriched the usual suspects until the going got a little rough.

Only this time those whom they'd like to persuade will be a little more cynical. Oh well, the cynicism was earned.

kblair7

Sigh. Believe what you want, if you refuse to acknowledge the role of monetary and fiscal policy in this situation, by all means join the masses of the dullwitted. I am tired of trying to counter you people, explaining the same shit over and over. All you wrote here is RHETORIC, nothing but. What proof do you have for "winks and nods?" You really believe that the entire credit crisis is based on that bullshit?

All I see here are the same talking point: Rich are evil, corporations are evil, profit is evil, greed is evil. We need to punish corporations, because they make immoral profits! I could keep going, but it bores me horribly. Again if you really want to believe that, fine. I won't stop you or complain about it.

If you want I could sit here and explain the formulas, talk about speculation in securities, subprime numbers, mortgages, options, the bond market, interest rates, bubbles, assets, inflation...wait, I have! About 200 times. People still keep ignoring it cause its hard to understand, whatever. I'm done.

Happy Easter.

anhailla

oh, not you dr112, I adore you

__________________
...either I go, or that wallpaper does.

Oscar Wilde

ppatt

You allude to much and demonstrate little. In my past 3-4 exchanges with you on this board you have stated my case for me and each time it has been your words you were addressing not mine. It's transparent and not even clever...not really a sign of intelligence.

Punish corporations? I was thinking more of regulating. Of course violating a law or "regulation" might very well lead to punishment. And no one ever said anything about punishing a corporation just because it is a corporation...or punishing all corporations.

Your incessant, convenient (to your arguments anyway) misstatement of the points of others suck the ari out of serious dialog that others around here engage in. I'll never forget the one about Chomsky that you dodged with something like "Too much knowledge caused me to get confused."

Your "brilliance" will get recognized for what it is by others without your self-endorsement. Alluding to it yourself just makes you seem a little fraudulent and insecure, particularly when accompanied by posts having a veneer of reasonable discussion but being anything but an attempt to engage or get to the bottom of things. But you've been caught red-handed before, haven't you? Others have not forgotten. It is going to be up to you to convince others you've gone and "got religion" where that's concerned.

Lead with that type of crap and you can hardly expect anyone to engage in a serious discussion with you.

If we aren't going to punish corporations for wrongdoing then are you suggesting we extend the same blind eye to indivuals too? Two can play at that game. Why are you suggesting we no longer punish those committing crimes? (I know you didn't say that, but that is what you do time and time again to others here). It doesn't exactly lead others to take you seriously. There's enought of that going around that I don't need to respond in kind.

Seriously, I can understand your accounts of failed attempts at academia. It might have something with the way you pursue the points you would like to make. You pull that crap in an environment that is far more serious than a silly board, say in a university, among experts in their fields and you'll be cut to shreds. It probably happened, didn't it?

I doubt you're fooling too many here...no more than my dog really hides when he manages to get his head under the covers.

kblair7

LoL...well my dear, that is quite something, indeed. Interesting, I thought I was arrogant.

This discussion has moved way off course. My only interest here was to discuss the points that I didn't agree with in your post, if you don't want people to comment on your essay then why post it?

So far, you have yet to address anything I have said before you took it upon yourself to psychoanalyze me based on some internet posts, sorry if I am not blown away by your insights (which are wrong by the way).

I am sorry if you cannot answer simple questions regarding the topic or your posts. I do hope that you see that you have been highly inappropriate and rude. Since I don't care to continue this any further because this has gone far beyond what I would reasonable discourse or even lively debate. I am going to have to put you on ignore. It's quite a shame but this is supposed to be a fun little escapist activity which you are taking way to seriously.

Hope you realize that.
Good luck.