War on the Investor Class

[Fairweather]

Great idea, Obama. Once all those stinkin' rich 401k people have been properly dealt with you can move on to another group? Your "plan" is either utter economic incompetence or a deliberate attempt to destroy capitalism.

[jmo]

I believe it's the latter.

[KaskadskyjKozak]

 

Bend over and kiss your ass good bye.

[ivan]

obama hates the baby jesus?

[jmo]

obama hates the baby jesus?

 

I don't think anyone made that statement.

[olyclimber]

hasn't there already been a much more effective recent war on capitalism, fought by people "participating" in it?

[jmo]

yes, because Americans have lost their sense of responsibility. The answer is not more government.

[No. 13 Baby]

Oh no.... not the poor oppressed investor class!

 

[olyclimber]

i'm glad someone has all the answers

[jmo]

Since you asked, I would

1. reduce the growth of government spending,

2. reduce marginal tax rates on income from labor and capital,

3. reduce government regulation of the economy,

4. control the money supply to reduce inflation.

 

[olyclimber]

brilliant. if only you were president.

[jmo]

Have any better ideas. Every time the President speaks, the stock market dives. It's lost 25% since he was elected. Those evil capitalists know what his policies will do and keep selling stocks. Like it or not, he'll have to either do away with the stock market, or do something to make people think the economy will go back up.

[olyclimber]

Well run. A popular guy like you with such great ideas is sure to get elected. You could save the country! Get on it.

[olyclimber]

http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220250

 

watch. interesting correlation you're making there between the market and the presidents effectiveness. watch the segment of the show addressing that...i don't know if i could state it any clearer than that.

 

 

[olyclimber]

the server is having issues again

 

at anyrate, best of luck with your ideas jmo. sorry as coming off as snide, i know i did.

[jmo]

Apology accepted and appreciated. It is good when we can talk about these things while remaining civil. I apologize if any of my posts came off as snide or insulting.

[tvashtarkatena]

The Baby Jebus hates you, jmo.

[Off_White]

yes, because Americans have lost their sense of responsibility. The answer is not more government.

 

I thought it was because Americans are losing their sense of irresponsibility, that maybe borrowing all that money based on hypothetical value to live beyond your means may not be sustainable in the long run.

[jmo]

yes, because Americans have lost their sense of responsibility. The answer is not more government.

 

I thought it was because Americans are losing their sense of irresponsibility, that maybe borrowing all that money based on hypothetical value to live beyond your means may not be sustainable in the long run.

 

Losing the sense of responsibility got us here. I don't think we as a nation are going back to responsible speeding, people want the government to fix it so they can go back to living like they were. But that's a whole new rant I don't have time for.

[tvashtarkatena]

Get real. We've always been a nation of shysters.

 

Seen that ads all over the place about getting your free money from the government?

[Jim]

What "got us here" is unregulated capitalism - that's the way it works. Do you really think the Wall St. types making money hand over fist really had any thought of personal responsibility - ever did - or ever will? No way. They were selling those mystical CDSs and such with only one goal - to make tons of money. That's what capitalism cares about - nothing more or less.

 

The idea that government has no role in getting us out of this mess that Bush and the repubs put us in lacks any memory. A hands off policy and the idea of market self-regulation is what got us here. Credit ratings of AAA for things worse than junk bonds; no job, no income, no problem loans - WTF. Yea, there has been some folks hoping for the American dream and over-reaching. But the bulk of the problem was, as usual - unregulated greed.

[tvashtarkatena]

I hear the RNC is releasing a chemical into the water supply that will restore personal responsiblity to America.

[Stefan]

Great idea, Obama. Once all those stinkin' rich 401k people have been properly dealt with you can move on to another group? Your "plan" is either utter economic incompetence or a deliberate attempt to destroy capitalism.

 

Hmmm. Most companies during times of economic prosperity bank their excess cash to prepare for future down periods.

 

What happened to the US cash reserves as a result of legislation during the economic prosperity under Bush and the Republican lead congress from 2002 to 2007 to prepare for future down periods?

[Hugh Conway]

What "got us here" is unregulated capitalism - that's the way it works. Do you really think the Wall St. types making money hand over fist really had any thought of personal responsibility - ever did - or ever will? No way. They were selling those mystical CDSs and such with only one goal - to make tons of money. That's what capitalism cares about - nothing more or less.

 

The idea that government has no role in getting us out of this mess that Bush and the repubs put us in lacks any memory. A hands off policy and the idea of market self-regulation is what got us here. Credit ratings of AAA for things worse than junk bonds; no job, no income, no problem loans - WTF. Yea, there has been some folks hoping for the American dream and over-reaching. But the bulk of the problem was, as usual - unregulated greed.

 

 

There's one rule for business. NEVER EVER PAY OR DO ANYTHING YOURSELF IF YOU DON'T HAVE TO EVEN IF IT'S AGAINST THE LAW. They learned it really well, we didn't.

 

Amazingly, we've lived through previous "wars" on the investor class. It's the "peaces" that have fucked us in the ass.

[JosephH]

"Corporations without appropriate government oversight are indistinguishable from organized crime"

 

Conclusion from a friend's 1987 accounting / auditing dissertation...