US isn't letting free market work

Although many people hoped that Barack Obama would help bring the US economy out of recession, Tim Carney, the author of Obamanomics, says that the special relationship between the White House and Wall Street has continued. He says that government intervention in the economy creates failing companies and doesn't let the free market work.

Category:

News & Politics

Tags:

• obamanomics
• Wall street
• white house
• goldman sachs
• small business
• regulation
• veil of secrecy
• timothy carney
• priya sridhar
• rt
• russia today
• Washington dc

[madass888]

0:31 was that a fart?

[EndTheFedRes]

Isn't it silly that as an American I have to get my REAL news from RT? Thank you RT.

[HoGraz]

@jeffsandychelsea No we're not. You make the most outrageously biased claimed. You also twist my words. Neccessary evil means it's still needed. It's kinda like I believe people can be good and evil at the same time while you think all or nothing. Where do you think eduation funds will come from? Do you want an apprenticeship system or a work to learn program? You sound like you think things like clean water came out of shear wealth and not government intervention.

[jeffsandychelsea]

@HoGraz Taxes and regulations are entirely unnecessary. Schools can be privatized with far better results and lower costs than government. And you already agree that taxes and regulations are evil. We're done.

[HoGraz]

@HoGraz of Bread and Circuses.

[HoGraz]

@HoGraz There just aren't enough choices and the bull is too thick whilst people are too ignorant. This whole notion of "Well let's just hyperfocus on taxes and demonizing the government whilst forgetting history" is total garbage. The last thing we need is another right wing revolution. We need real change from the ground up not more redistricting and enclosure. You still have yet to enlighten me on this notion that we're going to be all richer without government. See I understand the concept

[HoGraz]

@jeffsandychelsea Dude no. Don't turn this around. The whole premise of this is insane. Taxes and regulations are a neccesary evil. Schools come out of taxes. You know we can't do away with them entirely. Also the BostonTea Party was due to the fact that Americans were being taxed on top of a war that they paid their lives for. Had we not had the Progressive Era we would have been worse off entirely. Now wether we're talking Anti-Imperialist Progressive or not is the question.

[jeffsandychelsea]

@HoGraz Exactly, government allows, in fact, creates these corporations. It always does. It is unavoidable. Like it or not, taxation is violent. If you don't pay, you'll get a court date. If you don't show, you'll be kidnapped. If you defend yourself, you will be killed. Taxation is a death threat; there is no avoiding it. Corporations are not death threats, even if they're just a shade better than outright violence.

[HoGraz]

@jeffsandychelsea Again enough with the rherotic my man. It's not violent when you consider the alternative. The corporations that people work for are a governmental structure that decides on retirement for you. If that's not violent I don't know what. See that only helps corporate owners and the like. That's the reason behind this push. It has nothing to do with rights or what would seem nice.

[jeffsandychelsea]

@HoGraz So you're saying that absolutely none of the poor or old will be taken care of unless a huge and violent monopoly forces us to, and takes half of our money to do it? Is it worth the cost of wars and collapsing economies? Wouldn't there be churches to help people in an anarchic society? Of course there would be. And stores could donate a percentage of profits to a local charity for positive rep. Also you're assuming that government actually gets more people out of poverty than it puts in.