What's so bad about socialism? with William Baker

http://www.thomhartmann.com

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[styrofoamheart]

i care what the founders thought if i can use it to learn from history. a fractional banking system based solely on credit inherently favors the wealthy. it was a major factor for the american revolution in the first place. how do you propose to fix it through regulation? how do you undo the abolishing of the gold standard?

[gsrxx420xx]

@TheCapitalistdog awesome response lol

[StevenDaLuz]

tHE HOST NEVER SHUT HIS TRAP!!

[WingThaiJ]

@supahsekzyGood point.Gov doesn't have to learn from mistakes; rather than correct how they do things, they just steal more&justify it via calls warfare,as though takg in more$will change anythg.Just gives Gov more $to throw away.For tax revs to do anythg, they need to allow bus.to be able to plan their budgets&allow them to expand.Obama admin is anti-bus;so what good is takg in more revs?To hand it to companies like Solyndra who were donors or went bankrupt?Wld have been FIRED in private sector

[WingThaiJ]

I wish this host would shut up and let Baker speak; but even w/as little as the Baker spoke, he made important points.

[xJoeEDangerouslyx]

Hamina Hamina Hamina...

PWNED!

[ssmusic214]

Canada didn't have many bank failures because Canada didn't have "affirmative action banking" like "Community re-investment act". Canada bankers weren't forced by government to make loans to the people who couldn't afford them.

[BRAIDERMAN]

Jeez !! We (the US) propped up the other Central European banks - says Bill Baker !

He's an idiot trying to rewrite history from 2008. America had no money to lend any other country - they are fighting 2 wars and at the same time 'financially broke' The US relies on savings from Japan & China and all others, to give the US money by buying US bonds, then they print their own as well.

[BRAIDERMAN]

Huh! The American fed supported overseas banks ?? American capitalism has caused all the problems by selling their rolled up CDO's to overseas customers, thus spreading the bad debt virus. Australia also has stronger banking regulations, and today the AUS $ is heading towards $ 1.10 US, first time in 29 years the AUS $ has been so highly valued - partly because the US is printing money to pay off its debts.

[bradchesney11]

Many people want to go apeshit. No. Let me rephrase that: Many people need to go apeshit. The Government should allow people to get more in touch with their primordial instincts and do crazy shit. People want more spice out of life, not more bureaucracy and socialist crap. Instead of "spreading the wealth around, " the government should "spread the apeshit around."

And President Kurtz will make this a reality!

[bradchesney11]

There are so many options that most Americans aren't willing to consider or even discuss. The "Logan's Run" system where old farts are corralled into a chamber where they float around and disintegrate would save this country millions of dollars in Social Security and Medicare payments and lessen the burden of having to provide them dog food to eat in crappy retirement homes.

[miavaso]

What a good journalist. Actually studies his topics of discussion.