Or my unregulated derivatives bets backed by the tax payer...or my bailouts...or my $16 trillion in emergency fed loans...or my QE...Baldy wrote:...or my Medicare, or my Medicaid, or my Food Stamps, or my refundable tax credits, or my WIC...Ivytalk wrote:
There you go again, Jimmy.Let GM and Citigroup fail next time. Just don't touch my Social Security, my local post office, or my farm subsidy.
Most people with common sense were against the bailouts, period.Ivytalk wrote:I was against the bailouts from the beginning. Just don't let John Q and Mary Public off the hook for suckling at the Guvmint teat.kalm wrote:
Just reporting the truth my friend. Funny how very few people want to involve businesses in the austerity idea. Poor banks, they don't really need a hand out, they need a hand up. This financial services entitlement culture is creating a whole generation of lazy dependent bankers.
Ain't "progressivism" grand.kalm wrote:Or my unregulated derivatives bets backed by the tax payer...or my bailouts...or my $16 trillion in emergency fed loans...or my QE...Baldy wrote:
...or my Medicare, or my Medicaid, or my Food Stamps, or my refundable tax credits, or my WIC...
Lots of Delaware LLCs formed in those heady days of 2009!kalm wrote:Or my unregulated derivatives bets backed by the tax payer...or my bailouts...or my $16 trillion in emergency fed loans...or my QE...Baldy wrote:
...or my Medicare, or my Medicaid, or my Food Stamps, or my refundable tax credits, or my WIC...
Brought to you by Republicans and blue dog dems. Not exactly progressivism, but you go and run with that.Baldy wrote:Ain't "progressivism" grand.kalm wrote:
Or my unregulated derivatives bets backed by the tax payer...or my bailouts...or my $16 trillion in emergency fed loans...or my QE...
Yes, Republicans and Blue Dog Dems like Paul Krugman, Barney Frank, and Chris Dodd.kalm wrote:Brought to you by Republicans and blue dog dems. Not exactly progressivism, but you go and run with that.Baldy wrote:
Ain't "progressivism" grand.
I took a quick look and Paris and Chicago are almost neck and neck depending on the source. There is also some question about how differences in metropolitan areas are measured in the U.S. vs. Europe and it's impact on local GDP.Seahawks08 wrote:The city information is based on gdp rankings from pricewaterhousecoopers. After looking at it again, Paris is close to Chicago, but LA and NYC, not so much.
I just can't stand when people say the U.S. will turn into Greece or France within 5-10 years, basically a doomsday scenario. It's something that Glenn Beck or Hannity or Rush would say and it's not going to happen.
But I agree, France and Greece should serve as warnings and I think they have. Politicians can no longer look the other way when it comes to spending. They will be held accountable or else replaced.
Baldy wrote:Yes, Republicans and Blue Dog Dems like Paul Krugman, Barney Frank, and Chris Dodd.kalm wrote:
Brought to you by Republicans and blue dog dems. Not exactly progressivism, but you go and run with that.
I think Bernie and Franklin Raines cancelled each other out.kalm wrote:Baldy wrote: Yes, Republicans and Blue Dog Dems like Paul Krugman, Barney Frank, and Chris Dodd.
How did Bernie Sanders vote?
Bernie Sanders the socialist? He voted for Dodd-Frank, of course.kalm wrote:Baldy wrote: Yes, Republicans and Blue Dog Dems like Paul Krugman, Barney Frank, and Chris Dodd.
How did Bernie Sanders vote?
How did he vote on the bailouts?Baldy wrote:Bernie Sanders the socialist? He voted for Dodd-Frank, of course.kalm wrote:
How did Bernie Sanders vote?
Duhhh...though very few openly admit it (unlike Sanders) "Progressive" = Socialist.kalm wrote:How did he vote on the bailouts?Baldy wrote:
Bernie Sanders the socialist? He voted for Dodd-Frank, of course.
(hint: he's actually a progressive, frank and Dodd - not so much$
Socialist Democrat like those grotesquely unsuccessful mixed market economies in Scandinavia. If only Nokia and Volvo had a chance to compete in the free market.Baldy wrote:Duhhh...though very few openly admit it (unlike Sanders) "Progressive" = Socialist.kalm wrote:
How did he vote on the bailouts?
(hint: he's actually a progressive, frank and Dodd - not so much$
They compete in the free market very well. Ford Motor Company sold Volvo to a Chinese company in 2010 and Nokia just announced it's laying off 5,000 employees in Finland, Mexico, and mainland Europe and sending those jobs to South Korea and China.kalm wrote:Socialist Democrat like those grotesquely unsuccessful mixed market economies in Scandinavia. If only Nokia and Volvo had a chance to compete in the free market.Baldy wrote: Duhhh...though very few openly admit it (unlike Sanders) "Progressive" = Socialist.
LOL you call my post naive and then you say this. GM is now the #1 automaker in the world and has paid back its bailout money. Swing and miss. Next on the chopping block is citigroup, and if you had your way, AIG was next. Lets see here, let the dominoes start falling and watch what happens I guess? There wouldn't have been a recession if those two giants went bankrupt. There would have been a world wide depression.There you go again, Jimmy. Let GM and Citigroup fail next time. Just don't touch my Social Security, my local post office, or my farm subsidy.
2013 actually...You obviously believe in the Tooth Fairy, Santa Claus, and Andy Talley's ability to produce a national championship in 2012!
Meh. Had those "too big to fail" firms run through bankruptcy, instead of being bailed out by Uncle Sucker, the burdens of the restructuring would have fallen more evenly on creditors and other interested third parties without favoring a select few (Goldman). GM and Citi stock prices are 1/3 below where they were a year ago, although the market as a whole is up. AIG is about the same as it was a year ago. They'll be begging for another Guvmint handout before you know it. And we'll be even less capable of dealing with it in 5 more years.Seahawks08 wrote:LOL you call my post naive and then you say this. GM is now the #1 automaker in the world and has paid back its bailout money. Swing and miss. Next on the chopping block is citigroup, and if you had your way, AIG was next. Lets see here, let the dominoes start falling and watch what happens I guess? There wouldn't have been a recession if those two giants went bankrupt. There would have been a world wide depression.There you go again, Jimmy. Let GM and Citigroup fail next time. Just don't touch my Social Security, my local post office, or my farm subsidy.
Careful, you're sounding more and more like a progressive.Ivytalk wrote:Meh. Had those "too big to fail" firms run through bankruptcy, instead of being bailed out by Uncle Sucker, the burdens of the restructuring would have fallen more evenly on creditors and other interested third parties without favoring a select few (Goldman). GM and Citi stock prices are 1/3 below where they were a year ago, although the market as a whole is up. AIG is about the same as it was a year ago. They'll be begging for another Guvmint handout before you know it. And we'll be even less capable of dealing with it in 5 more years.Seahawks08 wrote:
LOL you call my post naive and then you say this. GM is now the #1 automaker in the world and has paid back its bailout money. Swing and miss. Next on the chopping block is citigroup, and if you had your way, AIG was next. Lets see here, let the dominoes start falling and watch what happens I guess? There wouldn't have been a recession if those two giants went bankrupt. There would have been a world wide depression.
kalm wrote:Careful, you're sounding more and more like a progressive.Ivytalk wrote: Meh. Had those "too big to fail" firms run through bankruptcy, instead of being bailed out by Uncle Sucker, the burdens of the restructuring would have fallen more evenly on creditors and other interested third parties without favoring a select few (Goldman). GM and Citi stock prices are 1/3 below where they were a year ago, although the market as a whole is up. AIG is about the same as it was a year ago. They'll be begging for another Guvmint handout before you know it. And we'll be even less capable of dealing with it in 5 more years.
Socialist Hollande owns three homes on the Riviera
London Evening Standard ^ | 5/11/2012 | Peter Allen
France's new Socialist president owns three holiday homes in the Riviera resort of Cannes, it emerged today.
Francois Hollande, 57, who “dislikes the rich” and wants to revolutionise his country with high taxes and an onslaught against bankers, is in fact hugely wealthy himself.
(Excerpt) Read more at thisislondon.co.uk ...
Seahawks08 wrote:LOL you call my post naive and then you say this. GM is now the #1 automaker in the world and has paid back its bailout money. quote]
Listening to the liar in chief again I see
Former car czar: Too soon for U.S. to sell GM (GM still owes taxpayers $27 Billion)
cnn money ^ | 5/1/2012 | Maureen Farrell
Obama's former "car czar" and Willett Advisors chairman Steven Rattner said now is not the time for the U.S. government to sell its stake in General Motors. Any sale should wait until 2013 or even 2014, said Rattner, who led the Obama administration's restructuring of General Motors (GM, Fortune 500) and Chrysler from 2008 through 2009.. "I personally believe there's a lot of value in GM stock that's been badly treated by Wall Street," he told CNNMoney at the Milken Institute Global Conference in Los Angeles. Shares of GM have dropped roughly 30% since the automaker went public in November...
You forgot to include the unions in your "select few".Ivytalk wrote:Meh. Had those "too big to fail" firms run through bankruptcy, instead of being bailed out by Uncle Sucker, the burdens of the restructuring would have fallen more evenly on creditors and other interested third parties without favoring a select few (Goldman). GM and Citi stock prices are 1/3 below where they were a year ago, although the market as a whole is up. AIG is about the same as it was a year ago. They'll be begging for another Guvmint handout before you know it. And we'll be even less capable of dealing with it in 5 more years.Seahawks08 wrote:
LOL you call my post naive and then you say this. GM is now the #1 automaker in the world and has paid back its bailout money. Swing and miss. Next on the chopping block is citigroup, and if you had your way, AIG was next. Lets see here, let the dominoes start falling and watch what happens I guess? There wouldn't have been a recession if those two giants went bankrupt. There would have been a world wide depression.
NOOOOOO!kalm wrote:Careful, you're sounding more and more like a progressive.Ivytalk wrote: Meh. Had those "too big to fail" firms run through bankruptcy, instead of being bailed out by Uncle Sucker, the burdens of the restructuring would have fallen more evenly on creditors and other interested third parties without favoring a select few (Goldman). GM and Citi stock prices are 1/3 below where they were a year ago, although the market as a whole is up. AIG is about the same as it was a year ago. They'll be begging for another Guvmint handout before you know it. And we'll be even less capable of dealing with it in 5 more years.
Joe Stiglitz, Robert Kuttner, Nomi Prins, Matt Taibbi, Bill Black, have all been saying the same thing. You are quickly becoming Kalm's favorite armchair economist!Ivytalk wrote:NOOOOOO!kalm wrote:
Careful, you're sounding more and more like a progressive.
Nobody gets a bailout. Unemployment insurance stops now. Gotta get the public off the public teat. But I digress. Don't think Kuttner, Stiglitz and Krugman agree with that.kalm wrote:Joe Stiglitz, Robert Kuttner, Nomi Prins, Matt Taibbi, Bill Black, have all been saying the same thing. You are quickly becoming Kalm's favorite armchair economist!Ivytalk wrote: NOOOOOO!
(Please don't tell Baldy though, he won't understand)
