A Special Holiday Message From Thom Hartmann

http://www.thomhartmann.com

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[arcturus33333]

5 stars. We need more true patriots like Thom.

[quack10]

This is spot on. Of course, everything he says here in nothing new to a thinking person. I can't wait for a day when people will rooting and voting against there own interests purely for idealism. As our middle class disappears due to an unfair tax system and corporation's always are first and are always right loving law making, it is funny to me that people believe that it is OK for someone that is filthy rich to pay next to nothing in taxes compared to the average American. Wake up. Please.

[greatbroad]

No, it is not the social safety net you speak of.

[luvcheney1]

Is the "moral compass" the social safety net? The moral, kind system which condemns generation after generation of inner city children to crime and failure? While millions of illegal aliens who cant even speak English arrive with only the shirt on their back find jobs, live, move up the ladder and succeed? That "moral compass?

[greatbroad]

@ luvcheney1

Yes I realize my lead sentence can inflame. The point that 95% of Americans were too poor to have slaves, and it was only the rich 5% who did, painted us all with the slaver brush.

The main point I was making was the second part. Did you even read this far?

[luvcheney1]

"White men" died to stop slavery too.You are aware that slavery as an institution began from before the pyramids in ancient Egypt, and forms of it still exist today? You are aware that the Africans themselves engaged in the slave trade, delivering them to ports for the American and European slavers? That the "noble" American Indians engaged in slavery? The "rich white" slave owners engaged in what was an ancient and common institution. You are being inflammatory.

[greatbroad]

Yes, the United States was founded by rich white men who didn't want to pay taxes -- and kept slaves.

Sadly, it seems much the same is true today.

So, "revolution" without a moral compass--

simply creates a new "abuser" from the previously abused. Like dysfunctional families, the abused learn what they live, and without change, continue to become those they condemn.

[luvcheney1]

In 1979 the Fed Fund rate was 11.2%, the Fed Fund rate was 20% in 1981. Reagan became president in Jan 2001. The present rate is less than 1/4 of 1 %, or .25%. I am sure you understand the effect of the business cycle on the deficit, and can appreciate the fact that if Bernanke raised the federal funds rate to 20%, the housing market, the economy in general would collapse. Paul Volker raised the Fed Fund rate to kill inflation. This had an adverse affect on the deficit.

[luvcheney1]

Thanks to all the Libs who vote negativley to my comments! It isnt often you here from a conservative.

[luvcheney1]

I took the "moniker" luvcheney, because Libs hate Cheney (a Great Man) and it automatically makes them hate me. My interest in monetary policy leads me to invest in "junior gold stocks" ( highly volatile, risky), and "GLD", "SLV". I dont usually invest out of my area of interest. I am long "GLD right now, (with a stop). I am in cash in my speculative Gold miner stock 401k. 2009 was a spectacularly great year! The President, has created gigantic opportunities to make money. Thank you Obama! Pinko

[luvcheney1]

I am a conservative, a regular person of 58 yrs old, small business at home, who has studied economics, and finance informally, as a "hobby". since I observed silver coins disappearing from circulation in 1964. My older brother collected coins, gave me $10 day for me to go to the bank, get rolls of coins, and search them out for the "good ones, good dates". He would share the "good ones" with me. The phenomena of silver disappearing from circulation, lead me to monetary policy.

[arcturus33333]

@luvcheney1 Lower spending? Reagan more than tripled the national debt in his 8 yr. presidency and had the largest deficit since WW2.