republicans are incapable of co-existing with anyone who doesnt fit under their thumb. Peace loving people? bullshit. you people are the reason it isnt safe for Americans to leave CONUS
The entire concept of home ownership has always been questionable to me. Having a mortgage is nothing more than a glorified rental contract. When you truly own something, it can't be taken from you, you don't owe payments, a bank can't seize it, etc. The only true ownership is buying outright or paying off your mortgage in full. Otherwise, you don't truly own anything. Unfortunately, because the way our cash-debt system works, this will never change and people will remain slaves to the system.
Democrats are more worried about whether your kids get a toy with their cheese burger than keeping you in your home. Republicans will just straight up rob your ass just like the dems. The only difference is the Dems. try to do it quietly the right will just rob your ass and tell you about it to your bitch ass face. Both sides are BS!!
can't blame republicans,they don't run anything. Democrats control the house and senate. they have the white house. they have the newspapers and colleges. democrats control every major city in the USA. When the republicans did have control under Newt Gingrich, He gave Pres Clinton a Balanced budget 4 years in a row and a surplus. We have gone down hill since Heid and Polosi took over in 2006.
Falwell's Liberty University and other Born Again outfits are deliberately seeding the US miltitary officer corps with fanatic Christian Nationalists.
Most of the Democrats are Corporate Fascists or bought or or both.
That has been true since the early 1950's when the Democrat Party purged the real left as part of the Cold War, which began when the US dropped the atomic bomb on Hiroshima.
America is screwed. One side blame the other side and vice versa and they all try to bring down each other. It's obvious that American conservatives and America liberals don't want to work much less live with each other. And that the only way to have any policy is to be imperial.
Conservatives, you think Obama is bad? Liberals, you think Bush is bad? Keep up your dithering and the next President will become nothing less than an emperor running a Corporate Republic.
the titel of this clip sounds kind of funny...however the facts aren't funny at all!! as cenk has said very clearly and rightfully: wake up!!!!!!!!! seriously, otherwise, this country is going to fall apart... its way over top now...
I could get behind that. The two party system has been broken for a while. If we could get even just a THIRD party into the mix, that would go a long way toward bringing sanity back to this country.
Progressive Party, Liberal Party, Independent Party, Republican Party and Tea Party << Could consist of everyone from the tea baggers to the birthers to the John Birch society.
I would LOVE to see public financing mixed in with these 5 parties as the structure..
The banksters, who control the legislative and as far as I can see the executive branchs of our federal government are all hell bent to bust this country.
Ether through cap and trade, global warming hogwash, Government health care or some other black flag terrorist event.
Only the courts can save our homes.
But all an all we have the best government money can buy.
Rat Basturd Politicians I hope this letter hit them with shit in both eyes.
I dont think the banksters who if they dont own at least lease, the federal government, who gave them the money, to explain how they were able to stay afloat after the economic emergency, Now they have come up with enough to pay it all back. From Where? What happened to make them solvent again, did the recent gains off the lows of the stock market profit them, who a year ago sounded the economic emergency siren? Have you heard the all clear signal? Someone should make them explain!.
Republicans have no power. it doesn't matter what they say. Democrats have the house, the senate and the president. yet the democrats want to blame the republicans for what they can't get done. We had a working economy before the democrats got there hands on it.
Great background in Macro Economics with a firm understanding of business cycles so you can understand what forces create recessionary gaps, inflationary gaps and how we can reach Potential GDP?
Man, thank god we have people like you watching out for us!
In other words, get ACTUAL education on the matter before sounding off, or you sound silly as all hell to people who DO understand the topic.
People with college degrees have caused the mess we are in. Washington is full of Ivy league educated and we are broke. don't have to go to school to have commen sense. california is in the whole because of educated people.
@papa04john You dont have to go to school to have common sense, that much is true.
So, use common sense now to explain what grows GDP. Explain to me what factors change the demand curve to move.
Whether you like it or not, an education IS required to understand some subjects like economics. Could you teach yourself? Maybe. The problem is when you teach yourself you can cherry pick what to learn, and people like you end up teaching themselves crap like supply side economics, which has never...
Did educated people cause this mess? Yeah, probably. But moreso, those people were GREEDY, education doesnt cause people tobe corrupt.
But more than that, our biggest problem is the undereducated people that vote AGAINST their own best interest because they blindly trust their favorite politicians, who NEVER got a degree in economics, and when the economy plummets they blame the educated...
I am sorry i am not a economics major. Before Pelosi and Reid people were working. Supply side was part of the Reagan years. Largest peace time expansion ever.Carried into the Clinton years and the first 6 of Bush Jr. Your State is broke because it is run by Democrats who want to spend there way to prosperity.
No need to apologize... It's just frustrated when people who acknowledge no background in economics claim to know what hurts/fixes the economy. Unfortunately, regarding supply side economics, at the same time the theory was being tested, inflation dropped which gave the perception of being able to simultaneously being able to lower takes and raise spending, which he did.
And my state is broke because people NEVER want to have balls and raise/reallocate taxes to actually PAY for stuff. My biggest problem with my party: NO balls to do what needs to be done.
@papa04john Yeah, California is in the "whole" because of "educated people", right? You're an idiot and clearly uneducated. These issues are related to human greed, which has nothing to do with the level of education a person has. Maybe you would be able to see the difference if you were...you know...educated?
government helped create this bubble by not regulating like they were suposed to they kept interest rates too low too long and didnt see the signs of the bubble
and this was both democrats and republicans that ignored it so it was a bi partician screw up
Can't we just find a happy median like we used to have, where we could have a free economy but with enough regulations to keep them from ****ing things up?
nope. This is harvest time. They are grabbing and milking as hard as they can because they see it all crumbling and winter is around the corner. They are not even trying very hard to hide their greed anymore.
That's what the current gov't is trying to do. Just because the crazies on the right are saying obama is trying to take over the gov't doesn't mean you have to believe them.
The only true retards in this country are middle-class and lower-class Republicans.
Laizzse-faire capitalism is basically just a looting of the middle class. Why is South America going back to socialist policies? Because they've been raped by these insane policies for so long and now nobody has a bigger disparity between the upper and lower class.
To all you laizzse-faire fucks out there. You're either really rich and a vulcher or just a brain-washed dumbass who will be raped too someday.
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so instead of the rich raping us out of our money we let the government do it from taxes really nice
laizzse faire and supply sides economics works when u give it a chance and the proper oversight
its u who is brain washed thinking the government is the only way out of this big government is just as bad as big business and it sickens me to see people who are so warped to admit it
I agree that the government does more harm than good for our interests nowadays. But as I keep saying, the government is in place for a certain reason and will continue to be.
However, if we keep saying dumb shit like "less government and more freedom" instead of demanding a BETTER government, then we will continue to get the garbage we have had for the last 30 years.
The reason government doesn't work right now is because they are bought buy the same companies that rape us day after day.
It was when we gave corporations more and more power and freedom that this country started to turn into the pile that it is becoming today. Then the corporations bought our politicians and then the politicians gave more freedom to the corporations to rape us more and the cycle keeps going. Laizzse-faire economics are very much responsible for the start of this cycle.
Our country was fine and at it's most prosperous when it was more "socialist" in the 40s, 50s, and 60s.
How is that? That is completely false because this whole idea of "supply-side" economics was in the process of being developed in the 50s by Milton Friedman and his Chicago school lunes. These policies were rightfully discredited by all economic experts until the mid 70s when the idea finally became popular as the country was going through stagflation.
So how were we using supply side economics in the 50s when we just developed the New Deal and taxes on the wealthy were as high as 80%?
Another factor, the key one that republicans always forget to mention about "Reganomics" is that AS he increased spending and lowered taxes, inflation was coming down too, which is autonomous and cannot be forced effectively.
If inflation is going up (as it is sure to do in a recession) then you HAVE to increase government spending AND taxes together to increase GDP.
Bush tried to recreate what Regan did in his first year, and throughout both terms, and we saw how that went.
it was a moderation of capitalism and socialism back then.
u made a great argument, especially the first part (bravo that!) but as to the last part, the fact is we're actually far more socialist now than we were then. we're also more fascist. we're all unaware bc the media tells us we're capitalist.
few know the Federal reserve's plan to TRY to make us the first communist/fascist hybrid.
now you see why libs and cons each think they have history on their side
oh, oh!!! Sweet, my economics teacher taught us all about supply side economics, but there has never been any way to actually shift the supply curve without government intervention because it involves all people in the economy working in tangent and doing EXACTLY the right thing, often at great disadvantage to oneself VOLUNTARILY (Ie accepting lower wages)
Im STOKED that you figured out a way to get all consumers in the economy to take a hit for the greater good, so please, at length, explain!
@chiefrc77 Laizzse-faire would be a step up from what we have now. Laizzse faire at least is somewhat fair. What we have is a government owned by the capitalist who use it to stifle real competition and protect themselves from loss by transferring money from the people to those in power. Farm subsidies cost us billions in medical care for fat sick Americans eating corn syrup.
@needparalegal I can't disagree with anything you just said there. Corporatism is the worse of all economic philosophies. A properly regulated free market is probably the best way to go. And when I say "free market" I mean business are free to enter and exit the market, not the deregulatory BS that neocons keep pushing on us.
The GOP definitely comes across as being about as valuable to a meaningful change in our democracy as the Tea (Bagger) "Party", which is to say of no value at all.
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This is terrible, this is just him talking and creating a great headline in order to get views. Whoever this hammerhead is, he is just spouting his opinions without anything to substantiate it. He demonizes Republicans because there is a "letter " that mentions one Republican senator and then talks about bipartisanship. Think people.
Dont the repugnatens do the same.Climate gate isntg that the same thing only that involves one or two scientists so the right wing says that all the global warming science is completely false and then blames the librals.Dont be mad because ur party can dish it but not take it.
We need to throw these asses in jail starting with Bernanke then Geithner and any elected represtative that profit from these crooks You dont have to belong to any political party to vote. never have , never will and my vote still counts
Cenk exaggerated the contents of that letter and failed to mention the letter that preceded the one in question. Context is everything and whether Cenk omitted this info on purpose or accident is up to you TYT junkies. On a more elementary note: Big Gov't serving up high tax rates destroys jobs.
On a more factual not: Big Gov't serving up higher tax rates (they currently are at record lows) creates jobs. (look at the great depression after which they raised taxes to get the nation out)
the war got us out of the great depression and nothing else. i believe it was WW1... im not good with when what war happened but it was the increase of war supplies that put people back to work getting us out of the depression.
Large government founded projects like the construction of the Hoover Damn and the Tennessee valley authority were instrumental in recovery. They made millions of jobs directly which led to periphery jobs.
No, this is another good reason why the Department of Education should be abolished. it's a bull that liberals have been feeding you all these years to justify bigger gov't. They'd never tell you that the US gov't created the asset bubble of the 20's, then botched under Hoover and FDR continued the flaw policies of Hoover for the next 8 years, ultimately dragging out the Depression.
As a liberal that's actually read the Constitution I agree. It's quite clear that education is a state issue, I don't see why we have a Federal department for it.
The asset bubble was caused by Coolidge, a conservative as most democrats were at the time. Hoover decided to ignore it and let the markets sort it out in a continuation of Coolidge's policies. WW2 ended the Great Depression, though some signs of recovery happened before the US got involved.
tnearing: well, that's not really true. I'd blame the head of the Federal Reserve Ben Strong, not Coolidge, since the asset bubble had more to do with the Fed's misguided monetary tweaking to help the Bank of England, rather than to prop up Coolidge's fiscal pet projects. Remember Coolidge like his republican predecessors was a fiscal conservative who believed in balanced budget and debt reduction.
Also note that Hoover was anything but a do-nothing president. He ignored his own Treasury
Mellon's advise not to intervene in economy. Hoover (along with Congress), enacted various economic protectionist legislations (Smooth-Hawley, Mexican Repatriation Act), tax hikes (the top tax rate to some 60%), infrastructure projects and public works (eg, Hoover Dam), various stimulus and subsidies (eg. Federal Home Loan Bank Act) and also oversaw creation of various gov't agencies. The economy tanked anyway - with 33% unemployment rate towards 1933. FDR continued it under "New Deal".
cryingsoftly: *sigh* you call that a fact? You must be pulling it out of your a**. You liberals are hopeless ignorant and short-sighted.
Hoover raised tax in his efforts to prop up the economy (continued under FDR) and increased the federal budget (to $4bil in 1930 dollars) - the economy tanked further. FDR continued the same policy (doubling the fed budget to over $8bil) and the GD continued under the same high tax, protectionist, heavy-handed gov't intervention.
I doubt ANYONE chooses to be broke as a life decision.
Plus, capitalism falls on its ass every 20 years. Why do you think Obama had to bail out the whining banks. If he didn't capitalism would've died in the US. I doubt you want that.
Thanks for keeping us afloat China! (this is sarcasm)
Conservatives actually know nothing about the economy, just look at the conservative god Reagan... well, okay his economic policies were good if you were rich, but everyone else was screwed.
I'm not saying people shouldn't be allowed to become rich, I'm just saying we need to make sure the wealth is more equally distributed than trickle-down economics allows it to be.
supply side economics does work but what happens u see is that what is a 10% raise for a guy that makes 50k a year isnt the same amount as a 10% raise for a guy making 1 million so u can say the gap is bigger but its fractionally equal ya know?
also the top 100 richest pplz in the country changed constantly the weath may cling to them but it never stays with one person for too long
Not quite. In simple terms, the simplest, maybe. But supply side economics when you get down to IMPLEMENTING it is based on shifting the supply curve either out or in depending on whether theres a recessionary gap or an inflationary gap to get to potential GDP.
Keynesian economics (which is about moving the demand curve) is basically the government affecting factors to affect the economy. Supply side economics is about the CONSUMER doing things right without external force to move the supply...
increasing/decreasing payments to resources (wages, rent, profit and interest) to shift the supply curve accordingly. The problem with this is that the vast majority of people typically will NOT take a lower wage, charge less rent, give up some profit or take high interest. It's called sticky wages, and it's the reason supply side economics has ever worked. So, unless the republican leaders or yourself has found a way to get every consumer to take a hit voluntarily, Keynesian is the only...
Jesus entered the temple area and drove out all who were buying and selling there. He overturned the tables of the money changers and the benches of those selling doves.
the man was making a point that remains valid today - Banks are in the business of taking your money
Gee, good thing the GOP is looking out for the little guy and making sure the financial industry isn't regulated, even after practically destroying our economy through unsustainable risk taking and mortgage sleight of hand.
The sad fact is that the youngturks seem to believe everything the conservative pundits go on and on about. Let the banks fail watch them go down in flames and everything will some how be alright.
Sorry but I refuse to listen to these morons who call themselves progressives and seem to follow Michael the idiot Moore. None of these guys would know how much it would cost the government if the banks did fail like they wanted it to. Neither do most of these idiotic commentators.
Seems that the conservitard masses have a reverse Occam's Razor when it comes to politics.
Republicans screwing the people over for the money is unbelievable to them, but they wholeheartedly believe global warming is a NWO scam to seize control of everything and bring about mass eugenics and socialized services.
Now which claim would you believe in as a sensible person?
A bank failing is not a new thing. It's competition. But when a large bank fails utterly, it is a rare occurance.
The last time an economic collapse of this magnitude happened, it proved to be one of the factors to a conflict that left over 70 million dead and changed the political landscape of the world.
Banks trying to screw people over is no news. Banks getting caught in their mistakes and fumbling over them is major news.
And i meant "this time" as in "in this particular context".
True, It's when these lbbyists encourage laws to be passed and regulations put in place that allow them to corner a market, we get monopolies.
The bailouts were "necessary" b/c the government panicked. Without the banks and wall street at all, they fear economic collapse. They need to eliminate these regulations and laws that encourage and allow monopolies. Especially the government monopolies!
The Democrats are trying to lock you dumbasses into paying off loans for pre-collapse real estate.
You are stupid if you do--unless there are peculiar circumstances.
But, hey, if you want to pay two-thirds of your income for the next thirty years paying off the $750,000 you borrow for your suburban home , when it is now worth $250,000 and has no prospect of any appreciation, be my guest.
Your bill over thirty years will be a minimum of, say, $3,000,000--and that at USD exchange value now.
The US Fiancial Capitalists have to answer to the Chinese.
If the American dumbasses are stupid enough to answer to the US Financial Capitalists, then American idiocy up to this point, which is legendary, becomes mind-boggling.
Once a nation's the political representatives serve the wealthy, instead of the people who elected them,it ceases to be a democracy in anything but name.
Your liberal spending habits have damaged your economy. I want you to succeed, however, your people are too passive to get off the couch. All you need is to implement the carbon cap and trade system and you will become a small chapter in history.
The Chinese Communist collective leadership is moving on.
They are not going to let the US Finance Capitalists off the the hook, but they are also not sitting around twiddling their thumbs. They have moved on to the next step.
You make me giggle; my life is valid. Is the life of a genius really any more satisfying than the life of a stupid? Is it not hell for us all either way?
republicans are incapable of co-existing with anyone who doesnt fit under their thumb. Peace loving people? bullshit. you people are the reason it isnt safe for Americans to leave CONUS
BeingNobody1956 9 months ago
The entire concept of home ownership has always been questionable to me. Having a mortgage is nothing more than a glorified rental contract. When you truly own something, it can't be taken from you, you don't owe payments, a bank can't seize it, etc. The only true ownership is buying outright or paying off your mortgage in full. Otherwise, you don't truly own anything. Unfortunately, because the way our cash-debt system works, this will never change and people will remain slaves to the system.
AllPro777 11 months ago
Democrats are more worried about whether your kids get a toy with their cheese burger than keeping you in your home. Republicans will just straight up rob your ass just like the dems. The only difference is the Dems. try to do it quietly the right will just rob your ass and tell you about it to your bitch ass face. Both sides are BS!!
lamiac2411 1 year ago
LOL, Republicans becoming "aware" of anything would be a miracle.
needparalegal 1 year ago
The 5 right wing neo con conservaturd supreme court justices just gave the coraporations are liberty and are voice.
disturbed341 2 years ago
can't blame republicans,they don't run anything. Democrats control the house and senate. they have the white house. they have the newspapers and colleges. democrats control every major city in the USA. When the republicans did have control under Newt Gingrich, He gave Pres Clinton a Balanced budget 4 years in a row and a surplus. We have gone down hill since Heid and Polosi took over in 2006.
papa04john 2 years ago
The US is trying to destabilize Mexico.
Privately owned US oil wants Pemex denationalized.
mopsius 2 years ago
Just a few items to put into your equations, senores y senoras.
mopsius 2 years ago
Any civil war that breaks out in the US will be more than two-sided.
No part of the Right Wing, in or out of government, has foreseen that scenario.
mopsius 2 years ago
Falwell's Liberty University and other Born Again outfits are deliberately seeding the US miltitary officer corps with fanatic Christian Nationalists.
mopsius 2 years ago
Meanwhile Honduras--another CIA botch--should make for some interesting politiical theater soon enough.
Chavez looks like a blowhard but that is an act.
mopsius 2 years ago
The more deeply the US gets involved in Afghanistan the sooner the final collapse.
mopsius 2 years ago
Most of the Democrats are Corporate Fascists or bought or or both.
That has been true since the early 1950's when the Democrat Party purged the real left as part of the Cold War, which began when the US dropped the atomic bomb on Hiroshima.
mopsius 2 years ago
America is screwed. One side blame the other side and vice versa and they all try to bring down each other. It's obvious that American conservatives and America liberals don't want to work much less live with each other. And that the only way to have any policy is to be imperial.
Conservatives, you think Obama is bad? Liberals, you think Bush is bad? Keep up your dithering and the next President will become nothing less than an emperor running a Corporate Republic.
weirdoweirdo 2 years ago
Heh. You're like the guy from xkcd #661.
Wintermute01001 2 years ago
crabs in the bucket
Mahoivlich 2 years ago
cock sucker are everywhere
hilololomoa 2 years ago
the titel of this clip sounds kind of funny...however the facts aren't funny at all!! as cenk has said very clearly and rightfully: wake up!!!!!!!!! seriously, otherwise, this country is going to fall apart... its way over top now...
lebowskithebig 2 years ago
Going to fall apart ? it has fallen apart and will take islam with it - just so it is that way -
riceski 2 years ago
Conservatives seem to be intellectually and morally deprived! We need to get rid of both parties, they don't work anymore.
connielane 2 years ago
@connielane
I could get behind that. The two party system has been broken for a while. If we could get even just a THIRD party into the mix, that would go a long way toward bringing sanity back to this country.
DemonWithAHumanHeart 2 years ago
I'm wishing for 5 (from left wing to right):
Progressive Party, Liberal Party, Independent Party, Republican Party and Tea Party << Could consist of everyone from the tea baggers to the birthers to the John Birch society.
I would LOVE to see public financing mixed in with these 5 parties as the structure..
whosthechamp 2 years ago
I guess we will be paying everybody in ameros.
The banksters, who control the legislative and as far as I can see the executive branchs of our federal government are all hell bent to bust this country.
Ether through cap and trade, global warming hogwash, Government health care or some other black flag terrorist event.
Only the courts can save our homes.
But all an all we have the best government money can buy.
Rat Basturd Politicians I hope this letter hit them with shit in both eyes.
MrWhatthehell911 2 years ago
I dont think the banksters who if they dont own at least lease, the federal government, who gave them the money, to explain how they were able to stay afloat after the economic emergency, Now they have come up with enough to pay it all back. From Where? What happened to make them solvent again, did the recent gains off the lows of the stock market profit them, who a year ago sounded the economic emergency siren? Have you heard the all clear signal? Someone should make them explain!.
MrWhatthehell911 2 years ago
Republicans have no power. it doesn't matter what they say. Democrats have the house, the senate and the president. yet the democrats want to blame the republicans for what they can't get done. We had a working economy before the democrats got there hands on it.
papa04john 2 years ago
@papa04john
We had a working economy before Bush was elected.
YNOTxTONY 2 years ago
WRONG...Bush Inc. destroyed that....
Htown75 2 years ago
lol... Right... Lemme guess....
Great background in Macro Economics with a firm understanding of business cycles so you can understand what forces create recessionary gaps, inflationary gaps and how we can reach Potential GDP?
Man, thank god we have people like you watching out for us!
In other words, get ACTUAL education on the matter before sounding off, or you sound silly as all hell to people who DO understand the topic.
whosthechamp 2 years ago
People with college degrees have caused the mess we are in. Washington is full of Ivy league educated and we are broke. don't have to go to school to have commen sense. california is in the whole because of educated people.
papa04john 2 years ago
@papa04john You dont have to go to school to have common sense, that much is true.
So, use common sense now to explain what grows GDP. Explain to me what factors change the demand curve to move.
Whether you like it or not, an education IS required to understand some subjects like economics. Could you teach yourself? Maybe. The problem is when you teach yourself you can cherry pick what to learn, and people like you end up teaching themselves crap like supply side economics, which has never...
whosthechamp 2 years ago
worked in practice.
Did educated people cause this mess? Yeah, probably. But moreso, those people were GREEDY, education doesnt cause people tobe corrupt.
But more than that, our biggest problem is the undereducated people that vote AGAINST their own best interest because they blindly trust their favorite politicians, who NEVER got a degree in economics, and when the economy plummets they blame the educated...
It's a sad state of affairs.
whosthechamp 2 years ago 4
I am sorry i am not a economics major. Before Pelosi and Reid people were working. Supply side was part of the Reagan years. Largest peace time expansion ever.Carried into the Clinton years and the first 6 of Bush Jr. Your State is broke because it is run by Democrats who want to spend there way to prosperity.
papa04john 2 years ago
No need to apologize... It's just frustrated when people who acknowledge no background in economics claim to know what hurts/fixes the economy. Unfortunately, regarding supply side economics, at the same time the theory was being tested, inflation dropped which gave the perception of being able to simultaneously being able to lower takes and raise spending, which he did.
When Bush tried this, it ruined the economy.
whosthechamp 2 years ago
And my state is broke because people NEVER want to have balls and raise/reallocate taxes to actually PAY for stuff. My biggest problem with my party: NO balls to do what needs to be done.
whosthechamp 2 years ago
@papa04john You are a f'ing moron.
lkdsjflskdfj 2 years ago
@papa04john Yeah, California is in the "whole" because of "educated people", right? You're an idiot and clearly uneducated. These issues are related to human greed, which has nothing to do with the level of education a person has. Maybe you would be able to see the difference if you were...you know...educated?
TruthNotReligion 2 years ago
its time for a change.. time for us to force this change. because nobody who matters is changing.
danratsnapnames 2 years ago
that was a beautiful rant
jedirhythm 2 years ago
government helped create this bubble by not regulating like they were suposed to they kept interest rates too low too long and didnt see the signs of the bubble
and this was both democrats and republicans that ignored it so it was a bi partician screw up
-_-
GodAthie 2 years ago
republicans are the ones who are always pushing for deregulation. It's their party platform ffs.
dekotable 2 years ago
yes and its also the democrates platform form social justice and "everyone should own a house"
o and liberal groups helped pplz lie on loan applications so they could get a loan
prime example acorn
then we have the unions who do nothing but destroy companies gee
GodAthie 2 years ago
Can't we just find a happy median like we used to have, where we could have a free economy but with enough regulations to keep them from ****ing things up?
veronicafan2000 2 years ago 3
nope. This is harvest time. They are grabbing and milking as hard as they can because they see it all crumbling and winter is around the corner. They are not even trying very hard to hide their greed anymore.
Davetech23 2 years ago 3
That's what the current gov't is trying to do. Just because the crazies on the right are saying obama is trying to take over the gov't doesn't mean you have to believe them.
dekotable 2 years ago 2
@veronicafan
i'm with you
but...
if they didn't **** things up, how would they oppress us?
jedirhythm 2 years ago
The Right Wing in the US must be liquidated, as one liquidates a bad asset.
mopsius 2 years ago 9
I am ALL for selling them to someone else for cash..
There may be a market...
But who's buying?!?
whosthechamp 2 years ago
The only true retards in this country are middle-class and lower-class Republicans.
Laizzse-faire capitalism is basically just a looting of the middle class. Why is South America going back to socialist policies? Because they've been raped by these insane policies for so long and now nobody has a bigger disparity between the upper and lower class.
To all you laizzse-faire fucks out there. You're either really rich and a vulcher or just a brain-washed dumbass who will be raped too someday.
chiefrc77 2 years ago 12
This comment has received too many negative votes show
so instead of the rich raping us out of our money we let the government do it from taxes really nice
laizzse faire and supply sides economics works when u give it a chance and the proper oversight
its u who is brain washed thinking the government is the only way out of this big government is just as bad as big business and it sickens me to see people who are so warped to admit it
GodAthie 2 years ago
"laizzse faire...economics works when u give it a chance and the proper oversight"
You see how you tactically admit that industry must be regulated?
By definition *Laissez-faire means "allowing industry to be free of government restriction"
Go strum a new harp, for your own sake.
ryanmail2004 2 years ago 5
yeah "proper" over sight not take overs like socialists want
GodAthie 2 years ago
lol yeah damn those socialists to hell!
...o brb Kennedy is giving a speech on the radio.
ryanmail2004 2 years ago
I agree that the government does more harm than good for our interests nowadays. But as I keep saying, the government is in place for a certain reason and will continue to be.
However, if we keep saying dumb shit like "less government and more freedom" instead of demanding a BETTER government, then we will continue to get the garbage we have had for the last 30 years.
The reason government doesn't work right now is because they are bought buy the same companies that rape us day after day.
chiefrc77 2 years ago 2
Amen brother/sister. I've been saying this for years.
sockratees83 2 years ago 2
It was when we gave corporations more and more power and freedom that this country started to turn into the pile that it is becoming today. Then the corporations bought our politicians and then the politicians gave more freedom to the corporations to rape us more and the cycle keeps going. Laizzse-faire economics are very much responsible for the start of this cycle.
Our country was fine and at it's most prosperous when it was more "socialist" in the 40s, 50s, and 60s.
chiefrc77 2 years ago 4
yeah and u know what durign the 50's and 60's we were using supply side economics -_-
GodAthie 2 years ago
How is that? That is completely false because this whole idea of "supply-side" economics was in the process of being developed in the 50s by Milton Friedman and his Chicago school lunes. These policies were rightfully discredited by all economic experts until the mid 70s when the idea finally became popular as the country was going through stagflation.
So how were we using supply side economics in the 50s when we just developed the New Deal and taxes on the wealthy were as high as 80%?
chiefrc77 2 years ago
Another factor, the key one that republicans always forget to mention about "Reganomics" is that AS he increased spending and lowered taxes, inflation was coming down too, which is autonomous and cannot be forced effectively.
If inflation is going up (as it is sure to do in a recession) then you HAVE to increase government spending AND taxes together to increase GDP.
Bush tried to recreate what Regan did in his first year, and throughout both terms, and we saw how that went.
whosthechamp 2 years ago
Indeed
micahgee 2 years ago
it was a moderation of capitalism and socialism back then.
u made a great argument, especially the first part (bravo that!) but as to the last part, the fact is we're actually far more socialist now than we were then. we're also more fascist. we're all unaware bc the media tells us we're capitalist.
few know the Federal reserve's plan to TRY to make us the first communist/fascist hybrid.
now you see why libs and cons each think they have history on their side
watch 'Freedom to Fascism' :)
jedirhythm 2 years ago
oh, oh!!! Sweet, my economics teacher taught us all about supply side economics, but there has never been any way to actually shift the supply curve without government intervention because it involves all people in the economy working in tangent and doing EXACTLY the right thing, often at great disadvantage to oneself VOLUNTARILY (Ie accepting lower wages)
Im STOKED that you figured out a way to get all consumers in the economy to take a hit for the greater good, so please, at length, explain!
whosthechamp 2 years ago
The next trickle down in US economics likely will be blood.
mopsius 2 years ago
The USSR won the Cold War on 4 October 1957.
The Soviet Communists then committed slow suicide with Brezhnev and Andropov.
With Yeltsin the Capitalists tried to buy and break up Russia.
Elements of the old KGB stepped in, which is now.
The US Finance Capitalists are now committing suicide in turn.
mopsius 2 years ago
The Finance Capitalists sold the Chinese the silken rope by which the Finance Capitalists will be hanged.
mopsius 2 years ago
Trenchant observation, chiefrc77.
The US, naturally, is a clear illustration of hos Fiance Capitalism works.
The Finance Capitalist, hilariously, loots not only the poor and middle classes but the industrial capitalists as well.
mopsius 2 years ago
@chiefrc77 Laizzse-faire would be a step up from what we have now. Laizzse faire at least is somewhat fair. What we have is a government owned by the capitalist who use it to stifle real competition and protect themselves from loss by transferring money from the people to those in power. Farm subsidies cost us billions in medical care for fat sick Americans eating corn syrup.
needparalegal 1 year ago
@needparalegal I can't disagree with anything you just said there. Corporatism is the worse of all economic philosophies. A properly regulated free market is probably the best way to go. And when I say "free market" I mean business are free to enter and exit the market, not the deregulatory BS that neocons keep pushing on us.
chiefrc77 1 year ago
O was Big Finances top recipient in 08 to the tune of $40 million. Might explain
why 9 months later there has been virtually nothing done to reign in Wall St's excesses.
RomeoMD25 2 years ago
Why would this surprise anyone? Republicans looked the other way while their Wall Street bankster cronies raped the American people.
AtlasShruggery 2 years ago 3
The GOP definitely comes across as being about as valuable to a meaningful change in our democracy as the Tea (Bagger) "Party", which is to say of no value at all.
v2keener 2 years ago 3
This comment has received too many negative votes show
This is terrible, this is just him talking and creating a great headline in order to get views. Whoever this hammerhead is, he is just spouting his opinions without anything to substantiate it. He demonizes Republicans because there is a "letter " that mentions one Republican senator and then talks about bipartisanship. Think people.
rlu406 2 years ago
Dont the repugnatens do the same.Climate gate isntg that the same thing only that involves one or two scientists so the right wing says that all the global warming science is completely false and then blames the librals.Dont be mad because ur party can dish it but not take it.
chrisgalizia 2 years ago
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tooltalk 2 years ago
GOP being crooks? that's nothing new
oldskoolchomp 2 years ago 3
Why do we have a 2 party system?
fitzgel1 2 years ago
Cenk: voice of reason!
MrFolds24 2 years ago
"lets do it"
hells yeah
tehKap0w 2 years ago
We need to throw these asses in jail starting with Bernanke then Geithner and any elected represtative that profit from these crooks You dont have to belong to any political party to vote. never have , never will and my vote still counts
sjoberdix 2 years ago
Backstabbers everywhere.... not surprised.
Mika20 2 years ago
I'm waiting to see the climate-gate nutjobs response to this email. I mean this email must really point to a scandal right?
GOP-BankGate. There you go Beck, you're next topic! lol
johnedwards1968 2 years ago
we should burn wall street and these banks to the ground and run those CEO's to France
Useyno 2 years ago
that's it going to Canada.
Good luck everybody else.
fluffybunny937 2 years ago
Welcome to Canada and leave the crazy ass nut jobs at the border.
... tell them we don't have running water and only outhouses besides our igloos... oh ya and no internet because of our socialist evil government.
:P
Joxman2k 2 years ago
Cenk should have worn a "don't tread on me" t-shirt for this!
MrHaufniensis 2 years ago
Cenk, they can't read Man! Don't even try =p
yld629 2 years ago
1:33, 3:20, 3:49, 4:28, 6:11
Harrison3377 2 years ago
Uh, have you heard of Barney Frank?
How about Franklin Raines?
When it comes to screwing American homeowners, BOTH parties work for the Banksters!
RAMKING61 2 years ago 3
Cenk exaggerated the contents of that letter and failed to mention the letter that preceded the one in question. Context is everything and whether Cenk omitted this info on purpose or accident is up to you TYT junkies. On a more elementary note: Big Gov't serving up high tax rates destroys jobs.
Jimmymac916 2 years ago
On a more factual not: Big Gov't serving up higher tax rates (they currently are at record lows) creates jobs. (look at the great depression after which they raised taxes to get the nation out)
cryingsoftly 2 years ago
the war got us out of the great depression and nothing else. i believe it was WW1... im not good with when what war happened but it was the increase of war supplies that put people back to work getting us out of the depression.
clayfromsanantonio 2 years ago
WW1 was before the depression, WW2 was after we were already out.
cryingsoftly 2 years ago 4
ok, i remember either one of my high school teachers or my univeristy professor saying the war got us out of the depression. im confused right now...
clayfromsanantonio 2 years ago
Large government founded projects like the construction of the Hoover Damn and the Tennessee valley authority were instrumental in recovery. They made millions of jobs directly which led to periphery jobs.
cryingsoftly 2 years ago
The war did help as well, but only because we got a WAVE of newly employed people into the market who GOT taxed who weren't before: Women.
Women came to work in DROVES where they were typically Susie Homemakers prior to that.
Ironically, if the republicans wanted to recreate that, we HAVE a group willing to work AND be taxed if we'd let them: illegal immigrants.
If they're here anyways, and working anyways, let's give them w2's and put them to work. But, no, they'd never allow that.
whosthechamp 2 years ago
No, this is another good reason why the Department of Education should be abolished. it's a bull that liberals have been feeding you all these years to justify bigger gov't. They'd never tell you that the US gov't created the asset bubble of the 20's, then botched under Hoover and FDR continued the flaw policies of Hoover for the next 8 years, ultimately dragging out the Depression.
tooltalk 2 years ago
As a liberal that's actually read the Constitution I agree. It's quite clear that education is a state issue, I don't see why we have a Federal department for it.
The asset bubble was caused by Coolidge, a conservative as most democrats were at the time. Hoover decided to ignore it and let the markets sort it out in a continuation of Coolidge's policies. WW2 ended the Great Depression, though some signs of recovery happened before the US got involved.
tnearing 2 years ago
tnearing: well, that's not really true. I'd blame the head of the Federal Reserve Ben Strong, not Coolidge, since the asset bubble had more to do with the Fed's misguided monetary tweaking to help the Bank of England, rather than to prop up Coolidge's fiscal pet projects. Remember Coolidge like his republican predecessors was a fiscal conservative who believed in balanced budget and debt reduction.
Also note that Hoover was anything but a do-nothing president. He ignored his own Treasury
tooltalk 2 years ago
Mellon's advise not to intervene in economy. Hoover (along with Congress), enacted various economic protectionist legislations (Smooth-Hawley, Mexican Repatriation Act), tax hikes (the top tax rate to some 60%), infrastructure projects and public works (eg, Hoover Dam), various stimulus and subsidies (eg. Federal Home Loan Bank Act) and also oversaw creation of various gov't agencies. The economy tanked anyway - with 33% unemployment rate towards 1933. FDR continued it under "New Deal".
tooltalk 2 years ago
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tooltalk 2 years ago
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v2keener 2 years ago
cryingsoftly: *sigh* you call that a fact? You must be pulling it out of your a**. You liberals are hopeless ignorant and short-sighted.
Hoover raised tax in his efforts to prop up the economy (continued under FDR) and increased the federal budget (to $4bil in 1930 dollars) - the economy tanked further. FDR continued the same policy (doubling the fed budget to over $8bil) and the GD continued under the same high tax, protectionist, heavy-handed gov't intervention.
tooltalk 2 years ago
Cenk.
I recall that Obama used taxpayers money to buy the banks.
If you have some problem with your alleged arrangement, talk to The Bama, as half of his administration are banking flunkies.
And,
isn't Dick Durbin the guy that tried to give his girlfriend a big government job, until he got caught, and bitch slapped?
Thought so.
bobbytiger 2 years ago
You're right.
I purpose instead of all of this BS, we go to socialism. We avoid all the flunky bankers and Durbin. They become irrelevant.
Video0879 2 years ago
yeah socialism! higher taxes more debt to china just what this country needs!
if ur the itiot and sighned up for something u can pay for u pay for it
u die ur broke o well ur life ur decsion
hopefully ur state has a nice welfare system
GodAthie 2 years ago
hmmm so you don't actually know what socialism is.
steelhamster 2 years ago
I'm sorry I'm an "itiot", but I digress.
I doubt ANYONE chooses to be broke as a life decision.
Plus, capitalism falls on its ass every 20 years. Why do you think Obama had to bail out the whining banks. If he didn't capitalism would've died in the US. I doubt you want that.
Thanks for keeping us afloat China! (this is sarcasm)
Video0879 2 years ago
So, to keep from borrowing from China, are you buying bonds from the Gov't, and trying to convince all your friends to do so as well?
Or, do you naively think we just openly "borrow" from China?
Go out there and BUY THE BONDS before China does.
whosthechamp 2 years ago
I'm really starting to believe you right wingers are allergic to facts and rational thought.
NewYorkCityUSA7 2 years ago
there is no left or right you fluoride drinkers.
ddamico3 2 years ago
There is only the aliens in your BRAIN!
WHYCANTIFINDONE 2 years ago
Conservatives actually know nothing about the economy, just look at the conservative god Reagan... well, okay his economic policies were good if you were rich, but everyone else was screwed.
nevar00 2 years ago
really if we dont ahve rich pplz who will make the jobs?
GodAthie 2 years ago
I'm not saying people shouldn't be allowed to become rich, I'm just saying we need to make sure the wealth is more equally distributed than trickle-down economics allows it to be.
nevar00 2 years ago 2
oh? then joe bum on the street is entitled to my sucess i dont think so
GodAthie 2 years ago
(wanted to elaberate)
supply side economics does work but what happens u see is that what is a 10% raise for a guy that makes 50k a year isnt the same amount as a 10% raise for a guy making 1 million so u can say the gap is bigger but its fractionally equal ya know?
also the top 100 richest pplz in the country changed constantly the weath may cling to them but it never stays with one person for too long
GodAthie 2 years ago
lol
Are you serious? You think wage inflation has been the same percentage at the top as the bottom?
Do some research.
johnedwards1968 2 years ago
So, explain what you think supply side economics is, I'm fascinated.
whosthechamp 2 years ago
@whosthechamp
supply side econmics is teh beilf that if u cut taxes and let bussiness do well
bussinesses will exspand and hire more pplz creating more jobs, capital, and the pplz then in turn spend that money and thats how it works
GodAthie 2 years ago
Not quite. In simple terms, the simplest, maybe. But supply side economics when you get down to IMPLEMENTING it is based on shifting the supply curve either out or in depending on whether theres a recessionary gap or an inflationary gap to get to potential GDP.
Keynesian economics (which is about moving the demand curve) is basically the government affecting factors to affect the economy. Supply side economics is about the CONSUMER doing things right without external force to move the supply...
whosthechamp 2 years ago
increasing/decreasing payments to resources (wages, rent, profit and interest) to shift the supply curve accordingly. The problem with this is that the vast majority of people typically will NOT take a lower wage, charge less rent, give up some profit or take high interest. It's called sticky wages, and it's the reason supply side economics has ever worked. So, unless the republican leaders or yourself has found a way to get every consumer to take a hit voluntarily, Keynesian is the only...
whosthechamp 2 years ago
This comment has received too many negative votes show
hmm. it looks like average TYT viewer is either a retard or still in the 9th grade.
tooltalk 2 years ago
WWJD?
Jesus entered the temple area and drove out all who were buying and selling there. He overturned the tables of the money changers and the benches of those selling doves.
the man was making a point that remains valid today - Banks are in the business of taking your money
visitor3107 2 years ago
I hope those guys die soon and go to hell!!!!!
abcd1to 2 years ago
thats a christian thing to say.
WHYCANTIFINDONE 2 years ago
So do I.
Praise the Lord!
Kamicolod 2 years ago
Gee, good thing the GOP is looking out for the little guy and making sure the financial industry isn't regulated, even after practically destroying our economy through unsustainable risk taking and mortgage sleight of hand.
GretchenDawntreader 2 years ago
some fucked up shit!!
lutherhans 2 years ago
amen cenk! amen!
zknix20 2 years ago
Talleyrand with a paving stone in his hand--some images just persist.
mopsius 2 years ago
Mopsiu--you may soon have a chance to test that hypothesis.
ibcnunabit 2 years ago
It is not a hypothesis, ibcunabit.
mopsius 2 years ago
It is a comparison point by point that ibcunabit very likely is incapable of making.
mopsius 2 years ago
The sad fact is that the youngturks seem to believe everything the conservative pundits go on and on about. Let the banks fail watch them go down in flames and everything will some how be alright.
Sorry but I refuse to listen to these morons who call themselves progressives and seem to follow Michael the idiot Moore. None of these guys would know how much it would cost the government if the banks did fail like they wanted it to. Neither do most of these idiotic commentators.
glddraco 2 years ago
The sadder fact is that people listen to conservative pundits...
BenjaminFranklin2u 2 years ago
"much it would cost the government "
A phrase that unveils your Tendenz and misconceptions on many scores, gldraco.
mopsius 2 years ago
Seems that the conservitard masses have a reverse Occam's Razor when it comes to politics.
Republicans screwing the people over for the money is unbelievable to them, but they wholeheartedly believe global warming is a NWO scam to seize control of everything and bring about mass eugenics and socialized services.
Now which claim would you believe in as a sensible person?
Tounushi 2 years ago
Geithner went to mainland China and addressed a group of Chinese economists.
They laughed out loud at what he was trying to sell them.
It took the Russians much longer to penetrate Geithner and Summers and the gang.
That does not mean the Russians are stupid.
They were very distracted and confused for a bit.
mopsius 2 years ago
That is exactly right.
wtfdoihavetodohere 2 years ago
Thbe trouble is, except for a half dozen at the top, American bankers are mostly financially and economically incompetent, and with no foresight.
The ones at the top are also incompetent economically and financially but in a much more grandiose and glorious way.
mopsius 2 years ago
@ mopsius
There is a suitable term for that. Epic Fail. However, the fail this time is so epic, that it actually affects the future of the human race.
Tounushi 2 years ago
Explicate "this time" specifically, Tounushi.
mopsius 2 years ago
A bank failing is not a new thing. It's competition. But when a large bank fails utterly, it is a rare occurance.
The last time an economic collapse of this magnitude happened, it proved to be one of the factors to a conflict that left over 70 million dead and changed the political landscape of the world.
Banks trying to screw people over is no news. Banks getting caught in their mistakes and fumbling over them is major news.
And i meant "this time" as in "in this particular context".
Tounushi 2 years ago
Thanks for clarifying--yes the fundamentals in the US right now are worse than the Great Depression, Tounushi.
mopsius 2 years ago
Bastiat's strong point is that he concentrated on specific sub-systems.
mopsius 2 years ago
mopsius has always been amused by "Uhguoren" (fere phonetically)--not what it refers, but its form and ambiguity in Chinese.
mopsius 2 years ago
I can't wait until elections 2010
MLadyAzzera 2 years ago
Dude, do you understand that it's BOTH PARTIES that are bought off by lobbyists? They pay Obama's paychecks just like they paid Bush.
All these politicians are career politicians and make their money by corrupting our system.
PR13STG0RD0 2 years ago
You're right... to an extent.
Lobbyists aren't necessarily bad. They are doing their job.
It's WHO they represent that matters the most.
Krumbz2003 2 years ago
True, It's when these lbbyists encourage laws to be passed and regulations put in place that allow them to corner a market, we get monopolies.
The bailouts were "necessary" b/c the government panicked. Without the banks and wall street at all, they fear economic collapse. They need to eliminate these regulations and laws that encourage and allow monopolies. Especially the government monopolies!
It's so crazy.
PR13STG0RD0 2 years ago
Banks want owner's to fail so they can take the house and sell it or rent it.
ndyt 2 years ago
True only very occasionally--for the most part defaults and foreclosures cost banks holding the paper money--and cost even more dearly up the line.
mopsius 2 years ago
Japanese coffee aficionados may be the best in the world.
mopsius 2 years ago
Once in a very great while a flavored coffee is a change in pace.
But it seldom extends to two cups in a row.
mopsius 2 years ago
The Chinese Communist leadership oversees a domestic economy that feeds, clothes, and provides education and Health Care for 1.3 billion people.
mopsius 2 years ago
Nationally 14% of residential mortgages right now are either in foreclosure of behind in payments.
Sub-prime mortgages are not a significant part of those mortgages.
That is a Right Wing myth.
More important, more resets are on the way.
mopsius 2 years ago
The Democrats are trying to lock you dumbasses into paying off loans for pre-collapse real estate.
You are stupid if you do--unless there are peculiar circumstances.
But, hey, if you want to pay two-thirds of your income for the next thirty years paying off the $750,000 you borrow for your suburban home , when it is now worth $250,000 and has no prospect of any appreciation, be my guest.
Your bill over thirty years will be a minimum of, say, $3,000,000--and that at USD exchange value now.
mopsius 2 years ago
Get it through your head--no real estate recovery in terms of pre-collapse prices--not in the forseeable future.
mopsius 2 years ago
The US Fiancial Capitalists have to answer to the Chinese.
If the American dumbasses are stupid enough to answer to the US Financial Capitalists, then American idiocy up to this point, which is legendary, becomes mind-boggling.
mopsius 2 years ago
Once a nation's the political representatives serve the wealthy, instead of the people who elected them,it ceases to be a democracy in anything but name.
It is a path America should avoid at all costs.
qanazir 2 years ago
Dear Americans.
Your liberal spending habits have damaged your economy. I want you to succeed, however, your people are too passive to get off the couch. All you need is to implement the carbon cap and trade system and you will become a small chapter in history.
You answer to China now.
evane1989 2 years ago
evane1989, you have your head up your ass.
mopsius 2 years ago
@mopsius
According to you, everyone has their head up their ass. Oh, except for you, of course.
evane1989 2 years ago
Really, is that so, evane1989?
mopsius 2 years ago
the US Finance Capitalists sold out the US to mainland China.
Were the Communist Chinese brilliant.
Sure.
mopsius 2 years ago
Do the Communsit Chinese really thing a US status quo ante is possible.
No.
Would they want it if it were?
No.
mopsius 2 years ago
really think
mopsius 2 years ago
The Chinese Communist collective leadership is moving on.
They are not going to let the US Finance Capitalists off the the hook, but they are also not sitting around twiddling their thumbs. They have moved on to the next step.
mopsius 2 years ago
Nin tingdedong tingbudong Beijinghua, evane1989?
mopsius 2 years ago
@mopsius
Are you mentally stable, that is the question.
evane1989 2 years ago
That is your question, evane1989.
It is therefore of no consequence whatsoever.
On the other hand it has been established that you are stupid.
You did that all on your own.
mopsius 2 years ago
Perhaps you might explain to the home folks what the mainland Chinese real property system is, evane1989.
mopsius 2 years ago
@mopsius
Fetch me a french vanilla coffee. I'm not here to educate.
evane1989 2 years ago
Nin shi yige shagua, evane1989.
mopsius 2 years ago
@mopsius
You're right, I am stupid. I cannot disagree with that statement.
evane1989 2 years ago
Were it mere ignorance, evane1989, it would be the beginning of wisdom.
mopsius 2 years ago
@mopsius
You make me giggle; my life is valid. Is the life of a genius really any more satisfying than the life of a stupid? Is it not hell for us all either way?
evane1989 2 years ago