[paraclete]

They can earn their own.

How do they do that when they can't do it now, will some of those job destroyers crawl out of their holes

[speechlesstx]

how do they do that when they can't do it now, will some of those job destroyers crawl out of their holes

Don't or won't? Don't worry, paying all those people not to work has saved millions of jobs.

By the way, one Democratic Rep has the solution for everything, just print some trillion dollar coins and pay the bills. No, really.

[tomder55]

Glad that goof ball Nadler is concerned about the integrity of the currency.

[paraclete]

Don't or won't? Don't worry, paying all those people not to work has saved millions of jobs.

By the way, one Democratic Rep has the solution for everything, just print some trillion dollar coins and pay the bills. No, really.

This is the sort of thinking that got you into the problem in the first place

[speechlesstx]

this is the sort of thinking that got you into the problem in the first place

Um, duh. Conservatives don't think that way.

[talaniman]

this is the sort of thinking that got you into the problem in the first place

No it ain't we wus robbed... legally. Way before the president stopped wearing diapers, but we just found out.

[paraclete]

No it ain't we wus robbed............................................ ................legally. Way before the president stopped wearing diapers, but we just found out.

Yeh I know taxation is theft

[talaniman]

Theft through taxation came later after they rewrote the regulations and rules that were put in place to prevent a financial meltdown that led to the great recession of '29.

Glass

After they repealed the rules in 1999, of course they reverted to the same things that sunk us before. As the banks ran amok the credit rating agency turned a blind eye to what their donors were doing and at the same time we got he Bush tax cuts, two wars and unfunded programs that almost destroyed the health care system and education systems, along with the global finances.

None of this was apparent in 2006, but some knew, and no one after has realized what a deep blow we all have absorbed. The end game was to starve governments and let corporations and banks control the entire global economy, and have cheap labor in America... AGAIN.

To this day they say "the black guy did it". And most of us still don't know what hit us because the right is still trying to get the controls back.

Steal the money shift the blame , and divert the posse. Build a fence and bloat defense and holler "we're broke, we can't afford a safety net", and when the super storms hit, cut the budget some more.

Pee on the populations head, and call it trickle down economics, put your pensions in Wall Street, and when they crash you start all over until you die penniless, after working all your life. Holler we spend too much, but we tax to little and the rest is legal ROBBERY.

Tell me how it ain't.

[paraclete]

You know who did it? It was GW "dopey" Bush and cleaning up his mess is in the too hard basket because conventional wisdom doesn't work anymore. You can't stimulate an economy that has no production capacity. This is where Keysian theory fails, and all these Ivy League shavetails should have known it. Doesn't matter what side of the political spectrum you are from, pork just doesn't go as far as it used to and QE does nothing because no one is asking the banks to lend, and even if they are, the bar is so high no one gets a start.

Here's an idea and I know I will hear the howls from across the Pacific, instead of guaranteeing bank deposits, they should be guaranteeing credit worthy bank loans. It costs the government nothing, at least, not immediately, and it just could stimulate those new industries

[tomder55]

Or you can guarantee deposits and let investors take the risk without the promise of a bailout .Why would you privatize gains and subsidize losses ? Therein is the flaw in the current model that has just been codified with Dodd-Frank.
Ps... now that idiot Barney Frank wants to take his act to the Senate ? OMG!!

[talaniman]

We agree Tom "Why would you privatize gains and subsidize losses?". But Dodd Frank is the mechanism to unravel those losses safely. You cannot let a failure bring down the whole system. Nor can you let failure be a hostage tool for more ROBBERY.

A small weak central government can't fight the too big to fail banks.

[tomder55]

A small weak central government can't fight the too big to fail banks

Sure it can... let them fail . You want banks to pay attention to moral hazard... make them pay the price.

[talaniman]

What do you do with the victims of bad behavior? Like the foreign banks and goverments who got robbed with us.Like the peole who had money in those failed banks. Fine to say let them fail, but many others will fail as a consequence.

[tomder55]

I believe I already addressed that . Insure depositor ,let the rest of the investors (buyers ) beware . If you come across an instance of malfeasance then by all means put those responsible in a frog march.

[talaniman]

Selling worthless over valued financial products was legal, so their was no crime to prosecute, per se, just many rules to change and consumers, and investors to protect. Some regulations are good even if they stop the flow of money into your pocket freely.

[tomder55]

Well then ;you just identified where your efforts should be concentrated .

[paraclete]

Buyer beware, this is why we have consumer protection Tom, to stop the shonks but you being a capitalist want an unfetted right to exploit the consumer

[tomder55]

No ,I don't believe fraud should be tolerated .

[tomder55]

French film star Gerard Depardieu has defected to Russia to avoid the punitive French tax on the rich . The new proposed tax is 75% in France. Russia has a flat-rate income tax of 13 percent. Got to give Putin credit ;at least he understands tax fairness.

[paraclete]

no ,I don't believe fraud should be tolerated .

Really where do you stand on exxon, Goldmen Sachs, It is my understanding you don't want regulation Catch me if you can is no way to run a country