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Old 06-01-2014, 03:25 PM
 
Location: ATX-HOU
10,216 posts, read 8,114,186 times
Reputation: 2037

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Quote:
Originally Posted by pknopp View Post
Politicians doing the will of the insurance companies is not a pillar of capitalism.
Of course, but you missed the point. The free market has always been rigged and the free market is a pillar of capitalism.
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Old 06-01-2014, 03:25 PM
 
27,307 posts, read 16,212,564 times
Reputation: 12102
Quote:
Originally Posted by dv1033 View Post
Of course, but you missed the point. The free market has always been rigged and the free market is a pillar of capitalism.
Protecting Obama's narcissism are you?
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Old 06-01-2014, 03:32 PM
 
79,913 posts, read 44,167,332 times
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Quote:
Originally Posted by dv1033 View Post
Of course, but you missed the point. The free market has always been rigged and the free market is a pillar of capitalism.
It's rigged because far too many refuse to hold anyone accountable. Did you hold Obama accountable in 2012 for his give away to the insurance companies?
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Old 06-01-2014, 03:33 PM
 
Location: ATX-HOU
10,216 posts, read 8,114,186 times
Reputation: 2037
Quote:
Originally Posted by pknopp View Post
If you think the record numbers on Wall Street is something to be proud about in context to the economy, well you go ahead and crow about it. It should be an embarrassment that Wall Street is at record highs while the economy is still stagnant. Can you explain to me how that works?
Because companies are using technology and globalization to increase productivity and profits at the expense of labor. Labor in developed countries has seen stagnant wages and a decrease in benefits while private sector profits soar. While, I abhor the FIRE sector, the fact of the matter is we don't have enough jobs for all the folks in the developed countries.

Quote:
The truth is NONE of them should be defended for anything. Bush, Obama, Bernanke etc. They all have been absolute failures unless you are a hedge fund manager.
Partisanship is ignorance. I vote for the politician, not the party. I hope you hold no allegiance to any party or ideology as the world is too complicated for that nonsense.
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Old 06-01-2014, 03:34 PM
 
Location: ATX-HOU
10,216 posts, read 8,114,186 times
Reputation: 2037
Quote:
Originally Posted by pknopp View Post
It's rigged because far too many refuse to hold anyone accountable. Did you hold Obama accountable in 2012 for his give away to the insurance companies?
Don't be stupid. It's always been rigged. Your Obama comment only shows you care about partisanship, I pity you.
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Old 06-01-2014, 03:35 PM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quote:
Originally Posted by dv1033 View Post
Because companies are using technology and globalization to increase productivity and profits at the expense of labor.

Labor in developed countries has seen stagnant wages and a decrease in benefits while private sector profits soar. While, I abhor the FIRE sector, the fact of the matter is we don't have enough jobs for all the folks in the developed countries.
If there are no jobs, profits go down as people can not afford to buy the products which does not equate to a record Wall Street.

Quote:
Partisanship is ignorance. I vote for the politician, not the party. I hope you hold no allegiance to any party or ideology as the world is too complicated for that nonsense.
I voted for Vermin Supreme.
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Old 06-01-2014, 03:35 PM
 
Location: ATX-HOU
10,216 posts, read 8,114,186 times
Reputation: 2037
Quote:
Originally Posted by T-310 View Post
Protecting Obama's narcissism are you?
Just trying to educate the rubes...... Is Obama too uppity for you?
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Old 06-01-2014, 03:36 PM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quote:
Originally Posted by dv1033 View Post
Don't be stupid. It's always been rigged. Your Obama comment only shows you care about partisanship, I pity you.
Yes it has.......these record Wall Street numbers are under Obama and the insurance give away was under Obama. Should I blame William Harrison instead?
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Old 06-01-2014, 03:37 PM
 
Location: ATX-HOU
10,216 posts, read 8,114,186 times
Reputation: 2037
Quote:
Originally Posted by pknopp View Post
If there are no jobs, profits go down as people can not afford to buy the products which does not equate to a record Wall Street.
It's a global economy son. Those jobs are going to developing nations.
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Old 06-01-2014, 03:38 PM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quote:
Originally Posted by dv1033 View Post
It's a global economy son. Those jobs are going to developing nations.
These developing nation jobs are not what is pumping Wall Street.
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