Welcome to the Plutocratic States of America 21 replies

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I'm too cool to Post

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26th June 2000

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#1 10 years ago

Another guy on a forum I regularly visit posted this link to Kucinich's opinion on the issue and I think it's dy-no-mite!

kucinich.us - Protecting the public interest in any economic "bailout"

The U.S. government has been turned into an engine that accelerates the wealth upwards into the hands of a few. The Wall Street bailout, the Iraq War, military spending, tax cuts to the rich, and a for-profit health care system are all about the acceleration of wealth upwards. And now, the American people are about to pay the price of the collapse of the $513 trillion Ponzi scheme of derivatives. Yes, that’s half a quadrillion dollars. Our first trillion dollar compression bandage will hardly stem the hemorrhaging of an unsustainable Ponzi scheme built on debt "de-leverages."

Does anyone seriously think that our public and private debts of some $45 trillion will be paid? That the administration's growth of the federal debt from $5.6 trillion to $9.8 trillion while borrowing another trillion dollars from Social Security has nothing to do with this? Does anyone not see that when we spend nearly $16,000 for every family of four in our society for the military each year that we are heading over the cliff?

"The double standard is stunning: their profits are their profits, but their losses are our losses."

So, democracy and economic freedom has been a joke all along. :rofl:

I almost want to stand up and sing God Bless America.




Warborg

Revenge was here.

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3rd August 2002

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#2 10 years ago

Jeffro;4598309

"The double standard is stunning: their profits are their profits, but their losses are our losses."

So, democracy and economic freedom has been a joke all along. :rofl:

I almost want to stand up and sing God Bless America.

Wow! I agree with you on something. This whole thing makes me sick.

I like how Bush and others are saying if "we" the taxpayers don't bail them out the Country could go into a depression for the next 10-20 years




Pethegreat VIP Member

Lord of the Peach

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19th April 2004

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#3 10 years ago

The government needs to let go and let things work themselves out. Yes that will mean that people will lose their homes, banks will go under, and CEO's will loose their high salaries. However in the end we will end up better off.

People have to lean to live within their means. If that means as a CEO that you can't have a private jet, then just fly first class.

The US does have a system of welfare for the rich, and rich don't need any kind of welfare. To some loosing a few million dollars is nothing to them. For most of us, loosing $100 is a big deal. The rich have their position in the world: A base of funding for business.




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#4 10 years ago

Certainly the rich and poor will always exsists, and I think it is even unfair to try to use government to balance that out, but it is even worse to try to "help" the rich, when they don't need it. I agree with Pethegreat, that our capitalist system tends to be self regulating, so long as a few minor rules (breaking up of monopolies and such) are enforced. The more the government tries to help the worse the wound gets, eventually their bandages can't do anything more, and the economy collapses. Better a recesion now than a depression later.




Warborg

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3rd August 2002

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#5 10 years ago
Afterburner;4598429 (breaking up of monopolies and such) are enforced.

**cough** oil companies....




Pethegreat VIP Member

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#6 10 years ago
Warborg;4598447**cough** oil companies....

Oil companies are not technically considered monopolies. One and one company alone does not hold a massive majority of the market. You have shell, gulf, BP, exon-mobil, and dozens of smaller oil companies. The oil companies would fall into a cartel since there is little competition between them.

Microsoft is an example of a monopoly. They hold something like %90 of the operating system market.




masked_marsoe VIP Member

Heaven's gonna burn your eyes

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16th April 2005

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#7 10 years ago

758272sb0.jpg

The problem is that there's so much cheap and easy credit floating around, that there's no incentive for anyone you use money wisely when more can be borrowed. That goes for all levels of society, but those living meal to meal learn much quicker that you can't go on spending more than you aern for very long.

Unfortunately, it seems, the higher up you get, the stupider you become, as the links between action and consequence become more and more distant. As I said in my earlier thread http://forums.filefront.com/pub/378707-so-economy.html the ensuing socialism for the rich means the ones that caused the problems will be off scot free, while the people that pay the burden of bailing them out also get the full brunt of the mess. w460.png




Warborg

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#8 10 years ago

Pethegreat;4598458Oil companies are not technically considered monopolies. One and one company alone does not hold a massive majority of the market. You have shell, gulf, BP, exon-mobil, and dozens of smaller oil companies. The oil companies would fall into a cartel since there is little competition between them.

Microsoft is an example of a monopoly. They hold something like %90 of the operating system market.

I was semi-joking, however think of this... If your drilled your own oil, refined it and sold it for $1 a gallon...How long you think you would last(even breaking even or a small profit)? I bet companies like Exxon would find a way to put you out of Business.




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#9 10 years ago
Warborg;4599306I was semi-joking, however think of this... If your drilled your own oil, refined it and sold it for $1 a gallon...How long you think you would last(even breaking even or a small profit)? I bet companies like Exxon would find a way to put you out of Business.

Actually, the market would be what put you out of business. A small entity wouldn't have the massive resources necessary to drill for, transport, refine, transport some more, bury in the ground, and pump out. Even if you could theoretically have the resources to get a single station running, you wouldn't sell enough to turn a profit, especially at a dollar a gallon.




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#10 10 years ago

Da...Da..Da. Another bites the dust!

WaMu is largest U.S. bank failure

WaMu is largest U.S. bank failure - Yahoo! News