Fairweather Posted March 6, 2009 Share Posted March 6, 2009 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. Quote Link to comment Share on other sites More sharing options...
jmo Posted March 6, 2009 Share Posted March 6, 2009 I believe it's the latter. Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted March 6, 2009 Share Posted March 6, 2009 Â Bend over and kiss your ass good bye. Quote Link to comment Share on other sites More sharing options...
ivan Posted March 6, 2009 Share Posted March 6, 2009 obama hates the baby jesus? Quote Link to comment Share on other sites More sharing options...
jmo Posted March 6, 2009 Share Posted March 6, 2009 obama hates the baby jesus? Â I don't think anyone made that statement. Quote Link to comment Share on other sites More sharing options...
olyclimber Posted March 6, 2009 Share Posted March 6, 2009 hasn't there already been a much more effective recent war on capitalism, fought by people "participating" in it? Quote Link to comment Share on other sites More sharing options...
jmo Posted March 6, 2009 Share Posted March 6, 2009 yes, because Americans have lost their sense of responsibility. The answer is not more government. Quote Link to comment Share on other sites More sharing options...
No. 13 Baby Posted March 6, 2009 Share Posted March 6, 2009 Oh no.... not the poor oppressed investor class! Â Quote Link to comment Share on other sites More sharing options...
olyclimber Posted March 6, 2009 Share Posted March 6, 2009 i'm glad someone has all the answers Quote Link to comment Share on other sites More sharing options...
jmo Posted March 6, 2009 Share Posted March 6, 2009 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. Â Quote Link to comment Share on other sites More sharing options...
olyclimber Posted March 6, 2009 Share Posted March 6, 2009 brilliant. if only you were president. Quote Link to comment Share on other sites More sharing options...
jmo Posted March 6, 2009 Share Posted March 6, 2009 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. Quote Link to comment Share on other sites More sharing options...
olyclimber Posted March 6, 2009 Share Posted March 6, 2009 Well run. A popular guy like you with such great ideas is sure to get elected. You could save the country! Get on it. Quote Link to comment Share on other sites More sharing options...
olyclimber Posted March 6, 2009 Share Posted March 6, 2009 http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220250 Â 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. Â Â Quote Link to comment Share on other sites More sharing options...
olyclimber Posted March 6, 2009 Share Posted March 6, 2009 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. Quote Link to comment Share on other sites More sharing options...
jmo Posted March 6, 2009 Share Posted March 6, 2009 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. Quote Link to comment Share on other sites More sharing options...
tvashtarkatena Posted March 6, 2009 Share Posted March 6, 2009 The Baby Jebus hates you, jmo. Quote Link to comment Share on other sites More sharing options...
Off_White Posted March 6, 2009 Share Posted March 6, 2009 yes, because Americans have lost their sense of responsibility. The answer is not more government. Â 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. Quote Link to comment Share on other sites More sharing options...
jmo Posted March 6, 2009 Share Posted March 6, 2009 yes, because Americans have lost their sense of responsibility. The answer is not more government. Â 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. Â 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. Quote Link to comment Share on other sites More sharing options...
tvashtarkatena Posted March 6, 2009 Share Posted March 6, 2009 Get real. We've always been a nation of shysters. Â Seen that ads all over the place about getting your free money from the government? Quote Link to comment Share on other sites More sharing options...
Jim Posted March 6, 2009 Share Posted March 6, 2009 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. Â 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. Quote Link to comment Share on other sites More sharing options...
tvashtarkatena Posted March 6, 2009 Share Posted March 6, 2009 I hear the RNC is releasing a chemical into the water supply that will restore personal responsiblity to America. Quote Link to comment Share on other sites More sharing options...
Stefan Posted March 6, 2009 Share Posted March 6, 2009 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. Â Hmmm. Most companies during times of economic prosperity bank their excess cash to prepare for future down periods. Â 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? Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted March 6, 2009 Share Posted March 6, 2009 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. Â 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. Â Â 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. Â Amazingly, we've lived through previous "wars" on the investor class. It's the "peaces" that have fucked us in the ass. Quote Link to comment Share on other sites More sharing options...
JosephH Posted March 6, 2009 Share Posted March 6, 2009 "Corporations without appropriate government oversight are indistinguishable from organized crime" Â Conclusion from a friend's 1987 accounting / auditing dissertation... Quote Link to comment Share on other sites More sharing options...
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