Ker-plunk 1 of 2

The sub-prime president speaks. I have translated this into "reality". See captions.

For more analysis check out my ongoing video series on capitalism and crisis.

Category:

News & Politics

Tags:

• bailout.
• Bush
• crisis
• economy
• marx.
• recession
• speech
• sub-prime
• capitalism
• tax
• payer
• money

[Awesomermac]

thanks Bush, and big greedy corporations for destroying the country! Now we are all screwed!

[JFMJJ]

In between filling up on sugary, high-calorie, nutrient-empty crap, waiting in line for the latest overpriced gadget they don't need, and surfing the web so they can gorge themselves on stories about the personal foibles of actors, singers, and heiresses, I doubt many Americans are going to sit down and listen to serious analysis of the economy. Why would they face reality in its full, miserable truth when they can indulge themselves in all manner of escapist mediocrities?

[lemondirector]

@Awesomermac I don't think the moralistic argument is very strong. It might be better to blame capitalism itself.

[blaziermissy]

Yes, yes let's keep pointing out the problems of money, banks and so called "free markets" and let us not bother in seeing that they are obsolete. And most of all, let us not include behavioral science or the scientific method (which we haven't yet to use) for a sound socio-economic system updated to present day knowledge.

Let us stop sinking all that new knowledge into a horse and buggy.

[blaziermissy]

@JFMJJ Very well said. The behavioral aspect of this whole system is key to understanding the problems and getting rid of the Root causes.

[zsylvana]

@binjahmon A joke? Schiff?"Austrian School" had not played any important role in economics since 1918 even in Austria.With the exception of the unlucky Schumpeter, the Austrian School economists, most of whom had played roles in the pre-1918 Habsburg public life withdrew into the harbor of private businesses and chambers of commerce and observed the procession of events.But the Austrian Marxist were to play an important role in European politics until the rise of Fascism in the 1930 tees.

[ChrisTripp]

LMFAO @

"When did the shit hit the fan? How do we get the shit off of the fan?"

[howe92]

damn you rock

[emptiermbs]

hilarious

[poblamente]

Brendan, you da man!