ECONOMIST MICHAEL HUDSON

EXPLAINS OBAMA'S ECONOMIC PLAN

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News & Politics

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• MICHAEL
• HUDSON

[lordhighexecutioner]

I continue to see the disgusting spectacle of those who want to let these new feudal lords off the hook for their massive crimes. The worship of the rich is a very deeply-held belief with many, it seems, the belief in their superior virtue and that they are a higher quality of being.

[PortlandsTransport]

Amen brother!

[FascistNation]

It's Not My Debt!

[baglemonkey]

transfer of wealth to whom??? in case you want to know, look up and see who in charge in wall street to get your answer.... doesn't look pretty.....shalom and mozel tov

[No3Patriot]

Even if they were to wipe the slate clean and start over, the source of the money supply is still a big problem: the federal reserve. It is a fraud based system, and all of us who are fighting the fraud, are not going away any time soon. The system is rotten to the core because it is owned by corporate monopolies. Government is used as a front to protect the corporations. The federal reserve needs to go... SOON.

[goatman257]

" what you've done, is given 12 trillion dollars to the richest 10% of the population and you've indebted the economy and the government to them for the next 100 years "

uberkshire

everybody knows that it is the greed of the banks which has led to this situation, only an individual with a wafer-thin understanding of the mechanics would say otherwise.

Just like those ignorant masses, you are a victim of disinformation.

[uberkshirehunt]

And before I get a tirade of abuse from people who don't want the truth, there were literally millions of people ready and willing to "buy" homes and pay two, sometimes three times as much in mortgage payments as it would have cost to rent the same house. Over-priced? "No, no. House prices always go up".

How unbelievably STUPID people have been.

I resent the fact that we ALL will suffer for the next 'n' years because of their ignorance, stupidity and greed.

But there it is.

[uberkshirehunt]

Everyone blames banks and governments (and I'm not saying that they didn't deliberately create this bubble and crash, they clearly did). But what about the PUBLIC?

Who forced them to agree to pay ridiculous amounts for property? Who forced them to sign mortgages that they couldn't afford?

The inconvenient TRUTH is that the PUBLIC created this mess, because they acted like ignorant, greedy sheep. That's right, I said it. "Get rich by flipping houses". The chickens are home to roost.

[concerned00citizen]

Remember when you the working hourly wage earners go to work you have the rich on your back as well as the poor and those that just live off your taxes with subsidized health care, housing, food stamps, and in some states SAVINGS ACCOUNTS, job training (maybe paying to train someone to take your job), higher interest on your accounts for the banks that gave loans to those they knew would never pay ...... so get to work....

[stopHAARP]

Yeah, we gotta put dem troublemakers where dey can't hurt demsef or nobody else.  They's a threat to dey own damn sef: so crazy they tryin' to kill e'ry damn tang on the Eoit! Nothin' but a bunch of wildass crazy ass troublemakers. Run amok - amok savages.

[stopHAARP]

I got to say Mr. Richman thief, we got a real purdy room special jus' for you up in dis big house: it's got alot of extra paddin' on the walls, and some nice big strong men by the door (in case you need some help there, change your diaper or something). It gotta purdy view, some nice o'ganic foods, jus' like YOU like to eat! Not dem poison chemical you been feedin' US!