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Its amazing that even while we're still suffering from the greatest economic catastrophe since the Great Depression, so many people just refuse to accept reality. They still foolishly believe we can go back to the recklessness of the past 30 years.
"What was most striking to me was Mr. Scaramucci’s utter refusal to accept the notion that something truly systemic had infected the financial industry during the bubble years. It was as if all the bad things that had happened — the predatory practices of the subprime lenders, the corruption of the ratings agencies, the laundering of risky mortgages into triple-A securities that were then foisted on unsuspecting investors and all the rest of it —were anomalies that had taken place in some little corner of Wall Street, while everyone else on the Street was busy financing companies and doing other good things. Although Mr. Scaramucci seemed to me to be an intelligent and well-meaning man — with a stream-of-consciousness speaking style that made for an engaging hour — he also seemed to me to be in denial. Just like the rest of Wall Street. "
Harborlady, I so appreciate you alerting us with this post. It is very very scary. To our credit, I think most Americans DO know and ARE aware that corporatism is the real culprit, but HOW to deal with it is an intellectual conundrum. Corporate welfare and Military Industrial Complex and borrowing from foreign sources for wars has bilked our US Treasury. I think many Americans fear that the worst scenario is the only way to deal with it, Greek style.
Harborlady, I so appreciate you alerting us with this post. It is very very scary. To our credit, I think most Americans DO know and ARE aware that corporatism is the real culprit, but HOW to deal with it is an intellectual conundrum. Corporate welfare and Military Industrial Complex and borrowing from foreign sources for wars has bilked our US Treasury. I think many Americans fear that the worst scenario is the only way to deal with it, Greek style.
All too true. We need Glass-Steagal back, and we need the government to stop making regulations that favor big business and bail them out when their friends run their corporations to the ground. This country is run by a consortium of international banks and other very large corporations but a lot of people refuse to believe that, calling us that do kooks or tinfoil helmet freaks
All too true. We need Glass-Steagal back, and we need the government to stop making regulations that favor big business and bail them out when their friends run their corporations to the ground. This country is run by a consortium of international banks and other very large corporations but a lot of people refuse to believe that, calling us that do kooks or tinfoil helmet freaks
I don't think you will find a liberal or progressive that does not know this. However, do you really want to go back to the party that did put us into this mess for 8 years? We need economic advisors from Wall Street and academia and non-profit orgs. We need a combination of the best independent minds and the "insider" knowledge too. Remember, President Obama does have the non-partisan Congressional Budget Office (CBO) too, and he does lend them his ears.
Revolt ? With all the Walmart bashing you can't even get a grassroots boycott movement going.
For all that hate Walmart that parking lot is sure filled up every weekend.
No, there will not be any revolt. Keep them fat, happy and stupid.
Something changed in 2007 that I noticed; the power hungry guys at the top aren't even hiding it anymore. They're doing their dirty deeds right out in the open.
I think there's points to be made from both sides of the argument on whether it's corporate influence or the expansion and intrusion of government. Both viewpoints can be tactfully expressed, documented and illustrated. What's funny is, when we choose sides, we're inevitably picking our poison. The government we've lost control and influence over the years does an awful lot to make our world a very hard place to get ahead in, but the interests of those who tend to buy influence are far from harmless to "Joe six pack". The capitalists tend to feel the corporate influence is a beast they can control, the socialists look at government as their pet rotweiler. The part that neither side seems to ever fully retain, is that it's the balance of influence and the ability to shift priorities from the government to the private sector and back, which have allowed our country to have such long periods of prosperity. The current battle over who the a-hole is, only highlights the lack of ideas either side has in dealing with our current problems. We went from having Saddam Hussein's influence in the middle east to having a hundred "Saddam wanna-bees", inspired to gain his level of influence and access to the types of armorments the break up of a regime has to offer. In other words, yes, Bush cut off the head of the hydra and involved us, in a money pit of war. On our own soil, we had created a situation where the real estate portion of our economy was being prodded to make home ownership easier and government guaranteed for the banks. While we'd created a vehicle for combining the government guaranteed mortgages into a tangable asset which allowed banks to make mortgages a liquid vehicle to make their investment an instantly useful source of money instead of a slowly repaid investment in the homeowner....mortgage backed securities. Confidence in either side of the political influence is naturally low, they've both failed us.
Americans are gullible chumps and suck-a$$es. But, every once in a while, they wave their flags, shout some stupid slogans, and feel like they're really something.
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It is very very scary. To our credit, I think most Americans DO know and ARE aware that corporatism is the real culprit, but HOW to deal with it is an intellectual conundrum. Corporate welfare and Military Industrial Complex and borrowing from foreign sources for wars has bilked our US Treasury. I think many Americans fear that the worst scenario is the only way to deal with it, Greek style.
