Conservative Government Explained

[qwertypoiu4321]

The US Federal State caused the economic contraction by coercion(violent regulation and inflation).

Fannie/Freddie/The Fed/HUD/CRA/State coercion caused the economic contraction, not Gramm-Leach-Bliley.

[HighPitchEricc]

Exactly what happens when you put Greedy Republicans in office. People will never learn, and yes Glen Beck is crazy!

[szatmar666]

GOP = Greedy Old Pharts

[hackit12]

@szatmar666

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Grandstanding with lies

Obstructing Congress

Postponing, the obvious facing reality !

[cat00012000]

This stuff is just scary. Sometimes I wish I just stayed ignorant. It's like hauling off the trash. There's just going to be more tomorrow. You can't let it just pile up however.

[civusamericanus]

Sounds like JP Morgan controls gas prices and owns our houses.

[voteDRNO]

CUNDC712

[Feyrhawk]

I hope you people understand what this video means. The loophole allows all those rich repulicans to keep smoking their cigars and making sure you can never afford to go to college. Smarten up folks. Vote Obama

[jbranstetter04]

I wrote President Bush a letter three weeks ago asking him to stop this speculation with an executive order, I figured that I was just wasting a stamp but it was worth a try. Even Bill O'Reilly agrees with Dennis Kucinich on this, I will post the video of it tomorrow. Why did the Democrats put this in a pork filled farm Bill that they new the McCain would not vote for? Answer; to make McCain look bad, they know he's against pork. They need to pass a stand alone oil speculation Bill.

[madashelldude]

It's not just a matter of him looking bad?! My gosh his whole econ team is made of people who engineered the ripoff scheme. McCain himself has 8 homes his wife inherited thanks to her beer magnate daddy. McCain is a trustfund baby like GWB. His econ interests are diametrically opposed to those of the working people. His interest is to keep the 2 tear system in place: 35% top marginal tax rate 4 wage earners, 15% for those liveing off of their dividend checks. that's the bottom line.

[jbranstetter04]

They have passed a law that closes the "Enron Loophole". The oil speculators are still speculating up a storm, it didn't work, it was a bogus issue, it was just for politics. There are quite a few bi-partisan stop oil speculating bills in Congress, the need to stop playing politics and pass one that will be effective. Like a law requiring the oil speculators to increase the amount of money they need to put up to buy an oil contract, let's say up to 50% vs. the 7% that is currently required.

[jbranstetter04]

Class warfare does not work in America because we have the opportunity like no people in any other country to become very rich (financially that is). Obama plans on raising the capital gains tax from 15% up to 28%. This would have at least three adverse economical effects. They would end up collecting less tax. Capital would be drawn out before the law takes effect. Capital would be stagnant during the law. The workers don't have capital, without capital, the workers would have no work.

[madashelldude]

How do you know what people in other countries have? You are just parroting propaganda. In fact if you look at OECD stats Americans have the least social mobility. If you are born poor in Denmark you have a 60% chance of getting into the working class throughout your life. In the USA that's 29%, which is at the bottom of western countries. Most glaring difference is the reward of sociopathic behavior: those who amass huge fortunes are not stopped by law from ripping off the population.

[madashelldude]

oops I meant to say in the middle class not the working class because in america you can be working and still be poor.

[jbranstetter04]

I for one, do not want the government as my master, and neither did these two.

Jefferson; "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under

the pretense of taking care of them."- "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

Abraham Lincoln; "As I would not be a slave, so I would not be a master. This expresses my idea of democracy."

[szatmar666]

A government that stops a few individuals from defrauding others is just doing its ordinary job of keeping freedom for everyone. What conservatives call deregulation since Reagan turned out to be the biggest transfer of wealth from the middle class to a few billionaires and foreign sheiks. I don't think in Denmark gov is "the master". I don't even understand what you mean. The USA locks up 1 in every 136 of its own citizens. In EU that's more like 1 in every 1000, in Japan 1 in evey 2000.

[jbranstetter04]

"the master" I mean that when the government grows at an annual rate of 8-9%, and the economy/country is growing at a rate of 4-5%, it doesn't take a rocket scientist to figure out that eventually they will control your money and there fore, your life.

I believe we need to decriminalize drug use, not make it legal, but don't be putting users in jail. We could be spending that money on getting people off of drugs, and drug education. Now I'm starting to sound like a liberal.

[szatmar666]

I don't mind gov as long as it's not a tyranny. big gov in a democracy is ok as long as it protects people's interests because gov supposed to be "we the people" in a democracy. gov is bad when it's used by a few rich guys to create tyranny and empire for their own selfish purposes.

[jbranstetter04]

A government is bad when it controls your earnings. The government was created by the people to do only those things that the people can not do for themselves, and I'm not talking about pathetic lazy people.

Today the "People" were handed a huge historical victory by the Supreme Court, they have affirmed that the power does indeed reside in the people, and that the people do exercise the final say in this Republic. Thank God that President Bush appointed True Blue Americans to the Court.

[GrownupPhan]

Bullshit. The tax was at that rate very recently and the economy was much stronger than it is now. Don't listen to the scare tactics of the trickle downers.

[jbranstetter04]

Apparently you don't have a clue why the economy did so well in the 90's. Let me fill you in. It was because of a lot of factors, none of them being a high Capital Gains tax rate. The technology (computer) boom was responsible for a massive increase in productivity. Regulation was low, thanks to President Reagan, fuel prices were low, and trade was booming, low priced products from china kept inflation low while the Fed pumped the economy full of money.

[snoopster000]

for once olbermann says something that makes sense

[FeelFreeToArgue]

Fascinating. This is well explained here. Thanks for posting this.