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work hard and get ahead
Posted: May 12, 2011
that certainly was true 100 years ago. Not any longer. work hard and have your 401K dissolved. Work hard and your job is going to China. The decisions in this country are made by the wealthy now. Corporations count same as humans. Corporations fund politicians (Boehnert passing out checks from tobacco companies on floor). Quit swallowing those spoon-fed Fox platitudes.
Deregulation did cause financial disaster not matter how much you repeat the fox line of mortgages.
Reagan funded the taliban. Let's give him some credit too for bin Laden's death coz all the other repubs want credit.
;
I am one of the few who actually - sm
[ In Reply To ..]see the bigger picture and realize that BOTH parties had a hand in the financial disaster as well as bin Laden's death? There is enough credit and blame to go around to both parties and MANY MANY subjects.
I guess it takes someone who is willing to let go of party lines and look at the big picture. Perhaps you should try it some time.
Mother Jones agrees with you - anon
[ In Reply To ..]Mother Jones (hardly a conservative magazine) had an article a couple of months ago saying that both the Democrats and Republicans only care about the wealthy. Their solution was unions. They did admit that unions used to be corrupt and dishonest but now they claim they are not. The problem is they also point out that unions do not have much power now (which is why, according to them, the rich keep getting richer and the poor poorer). However, they fail to realize the possibility that maybe why unions are not so corrupt now is because they DON'T have power. Of course, if they regain the power they had 50 years, they probably will become corrupt again.
Yes, that could be true about what Mother - Jones said, SM
[ In Reply To ..]about unions becoming corrupt BUT corporations/politicians bought by them are also corrupt. What is the answer then? No unions to fight for workers' rights or corrupt unions to fight for workers' rights? Someone/something has to fight against corporate corruption. This cannot continue.
you are very flexible - nwb
[ In Reply To ..]reaching around and patting yourself on the back liked that. Limber, even. I was not one who stated that ALL the blame goes on one side or ALL the credit goes to one side. Can you seriously suggest I consider the positions of Rand Paul, Pawlenty, Newt, Palin and Bachmann? You cant be serious. By the by, The comment about reagan was just to illustrate the silliness of claiming credit. My advice to repubs: Be an adult. Be gracious. Say good job and shut up.
Talking about platitudes....the socialist class - warfare DNC platitudes
[ In Reply To ..]you are swallowing are not helpful either. Name one country...just one, where that mantra worked....let me direct your attention first to Cuba. You know the great socialist revolutionary Che Guevara...he thought Cuba was going to be the experiment that worked. He was wrong and left Cuba disillusioned and eventually died in Bolivia trying to start another great socialist revolution there. How are the middle class doing in Cuba? Where is all the wealth concentrated there? Still in the very top percentage...the government and the few people they allowed to keep their money. The rest are poor.
Let me next direct your attention to Venezuela. How did the socialist idea work there? Same way. Money still at the top, with the government and those Chavez allowed to keep their money, middle class gone.
What about President Obama's promise that he would not have corporate lobbyists in his administration? Would you like a list of the corporate lobbyists in his administration?
What about his newest advisor, the CEO of GE? Who made a record salary last year while outsourcing over half of GE jobs overseas?
That long finger you are pointing at the Republicans...newsflash...pointing right back at you.
Deregulation did not cause the financial disaster, and if you would stop trying to deflect to Fox and google the You Tube video where the Bush admin rep describes the financial disaster before it happened to which Frank replies will never happen because we won't bail them out....but of course, that would mean you were really interested in the truth and not beating the socialist drum....lol.
there she/he goes again . . . - rockinronnie
[ In Reply To ..]Off on the socialism tangent. No one is talking about socialism. Wait . . . what's that hiding under your bed???
What would YOU call redistribution of wealth? - Please share.
[ In Reply To ..]nm
redistribution of wealth - nbw
[ In Reply To ..]is a Fox news focus group tested phrase. I don't relate to it.
I suggest you broaden your horizons and - google the phrase.
[ In Reply To ..]Fox News hardly created the phrase. What you don't relate to is the truth. lol.
I suggest - nwb
[ In Reply To ..]you reread my post. I did not say Fox created the phrase. Read what posters say, not what you expect them to say.
Or not.
Republicans want to redistribute the wealth from the middle class to the rich - CORRECTION
[ In Reply To ..]Redistribution of wealth from those of us in the middle class to the rich is what is hurting the middle class.
I have my mind on the poor apparently. I just had to edit this message and another one because I typed poor instead of rich, making the title misrepresent the message inside. I think I've fixed it now.
That makes no sense. But nice try. - nm
[ In Reply To ..]nm
Republicans tax the Middle Class and give it to the RICH - Reverese Robinhood Theory
[ In Reply To ..]Republicans never met a rich person they didn't love and want to protect, at the expense of everyone else.
I'm editing this to correct the title, because I had put poor when I meant to type rich. Thanks by the way to the person who realized I had made the error.
Oh, and Democrats don't? - Come ON!
[ In Reply To ..]nm
If Dems want to tax the rich and - give it to the poor and
[ In Reply To ..]you say Republicans want to tax the middle class and give it to the poor...if the poor benefit from it how can you, a Democrat, be against it?
That being said...Republicans don't want ANY new taxes. Certainly not new taxes to fund broken programs, like the the ones the Democrats stole our social security money to fund.
Democrats only care about keeping the poor poor so they can use the socialist hate the big bad rich folks to keep people like you who buy that garbage voting for them. I can see why they do it though...it works for them with a lot of people who are envious of what others have and what it, they just don't want to work for it.
;-)
My Bad! Should read Republicans tax MC and give to the RICH - I will correct it if I can
[ In Reply To ..]nm
It makes perfect sense if you read the message inside. - nm
[ In Reply To ..]
Questions for you - mbmt
[ In Reply To ..]How is the middle class doing in the United States? Do we even have a middle class anymore?
Would you be surprised that bank deregulation was - Backwards Typist
[ In Reply To ..]not a pub or dem product? At least, this is what I understand from the Wharton report. I can't post the whole report here because of its length, but it gives a good history of deregulation in the banking industry.
Read the 35 page Wharton Report:
Relaxation of geographical restrictions on bank expansion proceeded historically, and why our somewhat unusual history of state-level regulation and deregulation presents an attractive setting to study how the financial system affects the real economy. I then present the evidence that banking deregulation led to substantial and beneficial real effects on our economy. The findings are important for at least two reasons. First, they demonstrate the tight link between “Wall Street” and “Main Street.” Finance is not only affected by the fortunes of the industrial sector, but the reverse holds true as well. This mutual dependence highlights the importance of financial regulation not only here in the United States but, perhaps even more critically, in emerging economies without a well developed set of financial markets and institutions. Second, the results support the idea that competition and financial market openness are beneficial. This finding would be accepted as non-controversial when applied to industrial firms – for most economist, free trade and competition are akin to motherhood – but is much less accepted when applied to the financial sector.
II. Bank Deregulation as an Empirical Laboratory
The evolutionary history of banking regulations in the United States offers researchers a unique opportunity to study the effects of deregulation, particularly those related to restrictions on banks’ ability to expand within and across state lines, because they were imposed at the state level and because states changed their regulatory restrictions on expansion at different times.
Although there was some deregulation of branching restrictions in the 1930s, most states either prohibited branching altogether (the “unit banking” states) or limited branching into the 1970s. At that point, only twelve states allowed unrestricted statewide branching. Between 1970 and 1994, however, 38 states deregulated their restrictions on branching.
In addition to facing branching limitations within the state, until the 1980s cross-state ownership of banks was effectively prohibited by states’ application of the Douglas Amendment to the 1956 Bank Holding Company (BHC) Act. This amendment prohibited a BHC from acquiring banks outside the state where it was headquartered unless the target bank’s state permitted such acquisitions. Since states chose to bar such transactions, the amendment effectively prevented interstate banking. Change began in 1978, when Maine passed a law allowing entry by out-o f-state BHCs if, in return, banks from Maine were allowed to enter those states (entry meaning the ability to buy incumbent banks). No state reciprocated, however, so the deregulation process remained stalled until 1982, when Alaska and New York passed laws similar to Maine. State deregulation was nearly complete by 1992, by which time all states but Hawaii had passed similar laws.
http://fic.wharton.upenn.edu/fic/papers/02/0239.pdf
dang . . . did you type that whole thing - nwb
[ In Reply To ..]I dont have time to read all that. I have plenty of material to read already, but thanks. That is dedication!
You certainly prove Emerson right.... - anon
[ In Reply To ..]"A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines."
Ralph Waldo Emerson
racist - nwb
[ In Reply To ..]how dare you call me a hobblin globin!
No personal attacks.
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