Ralph Nader: "Only the Super-Rich can save us!!" -2/3

[carnypimp]

My whole childhood I went to church and was always taught the super rich sold their soul to the devil to gain wealth. What is with these dumb Tea Party people? Quit giving into the devil and vote soenone like Nader in it is our only last stance as americans.

[cpblackangel88]

Nader is a Socialist!!!!!!!!!!!!!!!

[imover18gotityube]

@cpblackangel88 ...aaaaand?

[carnypimp]

@cpblackangel88 Nader 2012! Socialist look it up! Means people own the corperation not the corperation. It means people are the boss We The People. You conseravtives really are lost!

[arbitrage2030]

YOU LIE

[biguy617]

The super rich can't save us because it is not in their interests.

[UCIBME]

Nader is incorrect in saying Western Europe and Canada have been able to control costs with universal coverage. The costs still increase, albeit less dramatically than the U.S, so even they have talks about "healthcare reform".

[t4ac3y1]

Finding "waste and abuse". What a load of crock!

[FriedDaisy]

Those who are unable to control an animal urge to overpower, burgle & rape others are supposed to be prosecuted & imprisoned for such crimes; and isn't that what the corporate world has been doing to their so-called customers (victims) for decades?

There's no free market. Corporations aren't our friends. The idle rich are not ordained by God (maybe the Devil) to sponge up the riches to fund their privileged lives from the blood, sweat and tears of the other 95% of us.

Enough is enough.

[UCIBME]

How do corporations get their wealth?

[FriedDaisy]

UCIBME, corporations are business models. They accumulate wealth via pyramid or ponzi schemes.

The goal is to get enough people invested so that after business obligations are met, and profits tallied, the balance can be redistributed. That's when things get sticky. Executives expect huge salaries/bonuses & investors want lucrative dividends.

This is where the stock market comes in by hedging bets against the profitably of a given product or service which artificially driving up the value.

[UCIBME]

What is a business obligation?

[FriedDaisy]

I should have said cost of doing business. That would be things like advertising, owning or renting office space, utility bills, paying the secretaries and janitor, etc . . .

[UCIBME]

How does the corporation pay for all that though?

[FriedDaisy]

Like everybody else, they slap it on their Master Card, American Express, Visa Black or whatever credit line that keeps them rolling.

Why do you think everybody freaked out when the banks weren't leading?

[UCIBME]

But don't corporations have to show proof that they can pay back their credit line before they're approved?

[FriedDaisy]

A business can operate in the red with loan or credit line extension, or if there's cash flows that exist despite losses. Obviously, a company can only operate in the red for a certain period of time before making a profit or declaring bankruptcy.

OR IT CAN SIMPLY GET BAILED OUT BY THE TAXPAYERS!!! WOOOWHOOOOO!!!!

[UCIBME]

so do all corporations operate in the red? If so, what stops them from going bankrupt?

[FriedDaisy]

I don't know, UCIBME, don't you think it's a gigantic red flag that our government with it's unimaginable budget deficits (in the trillions) had to "bailout" the balance of our financial institutions to the tune of hundreds of billions (more like trillions and trillions when you add the outright bail out to the subsidies)? It seems to me if they're all operating in the red than everyone they extend credit to are essentially operating in the red, too.

[eryksun]

The deficits are typically a few hundred billion, not counting the bailouts. The total public debt is about 13 trillion. Much of that is money we 'owe to ourselves' Some of it is held by the Fed. Some is owed to pension funds, investment banks, etc. A lot is money borrowed from other accounts (e.g. Social Security). But just under half is owed to foreign investors and central banks. Not discussed as often is the total private debt of about 40 trillion. By far, most of our debt is from 1982-2008.

[UCIBME]

But isn't that one industry? There must be some corporations that generate profit.

[FriedDaisy]

Of course there are, but whom are they generating profit for, & at whose expense? The Rabid Right, GOP & their lobbyists demonize welfare for the poor & nationalized health insurance when the business sector, those whom they truly represent (not average joes/jills), are at the receiving end of massive public welfare in the form of subsidies, government contracts, guaranteed federal loans, land grants, etc, etc . . . look at KBR & Halliburton-- prime examples of the parasites I'm talking about.

[UCIBME]

so profits come only at the expense of others?

[FriedDaisy]

There is a difference between making a decent living and profiteering. Obscene amounts of profit always come at the expense of others. Always.

[UCIBME]

So is Google, which made 13 billion in profits last year, a parasite?

[FriedDaisy]

Any organization which adheres to the corporate business model-- profits AT ALL COSTS (lives, world economies, the environment, etc) for investors and obscene amounts of compensation for executives-- which characterizes the practices of most of our industries and institutions can easily be labeled a parasite.

[UCIBME]

By definition of a parasite, however, the object that is parasitic obtains nourishment without benefit to its host. Are you saying that most of our industries and institutions provide no benefit to society?

[FriedDaisy]

I think we've reached the tipping point. What was once wholesome is now spoiled.

The voracious behemoth which represents our banking & business sector has started consuming its own tail; and as it progresses up its own spin to eat its own head, eventually, there'll nothing left but a giant, gaping, black hole of a mouth--sucking in anything of value to be transported to that alternate plain better known as the offshore bank accounts of the power elite.

[UCIBME]

would you consider small businesses apart of this behemoth? If not, how do they differ aside from the obvious size disparity?

[carnypimp]

@UCIBME Google is Tech company totally different Tech companies help the economy they don't enslave middle class workers. They don't make products.

[carnypimp]

@UCIBME so profits come only at the expense of others?

It does in todays economy because large companies let so many people invest they cant profit when they get bad then you also have the money hungry company who consider the workers as a liability and think they deserve minimum wage just because they are not educated idiots. Those two types of business ruined america.A true democartic president would not allow states to trump the will of the people like IN, OH, WS, and TX Right To Work Law.

[alistairproductions]

i think you're misled in thinking its a right/left thing. the conservatives are no longer true conservatives and democrats are no longer true democrats. they're all neoconservatives taking big paychcks from corporations. left AND right

[maxDSferris]

Why are youtube people so crazy? Seemed like a simple enough interview.

[jihadage]

Obama has never told the truth about anything, including forced vaccinations i know i am from the future

[dilbertgeg]

if you listen, Nader calls Obama a liar (almost), that Obama is "saying the right things" on the surface, while retreating on specifics.

The script seems to be that the ultimate "failure" of O's lofty (and righteous) proposals (a dramatic rollback of corporate tyranny of Insurance giants) can be blamed on political "enemies", such that frustration will rise amongst Left-Centrists but a continuance of the "faith" that Obama *attempted* change. Get it?