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HUFFPOST SUPER USER
Stanley Bonk
"mad, bad, and dangerous to know"
01:10 AM on 07/26/2012
I did a little homework before commenting here. The Cato Institute is a Koch-funded think tank. They fund it to the tune of about $26,000,000 a year, which, with a staff of 64 paid "thinkers", is a pretty sweet deal.

They pay what to them is chump change, and in return they get a bunch of paid hacks to go on news programs as "experts" for telling people exactly what the Koch brothers pay them to say.
07:21 AM on 07/26/2012
Just like the "independant labs" that the cigarette corporations funded to put out information that cigarette smoking had nothing to do with cancer. Even though their studies had proved a link and they were working on manipulatioin of the ingrediates in the tobacco to make them more adictive.
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IgnoranceIsStrength
Don't ask me, Google it yourself !
11:47 PM on 07/25/2012
After tax cuts and deregulation caused the late 80s crash in assets which foreshadowed the past 5 years, the business community argued the problems was insufficient tax cuts and deregulation, with the result being multiple crashes in asset prices in Asia with a crash prevented in the US by policy containment and the dollar replacing the yen as a reserve currency. But the business community blamed that on insufficient tax cuts and too little deregulation. Now after a global crash in asset prices, the business community is arguing that the problem is insufficient tax cuts and too little deregulation, with Mitt Romney being their policy advocate calling for lower taxes and less regulation.

Note that cutting government spending is totally opposed by the business community, because they are even more opposed to the budget balancing in the budget deal and they are arguing that government spending cuts will kill jobs. Furthermore, they have been lobbying for increased government spending, which is what Mitt Romney is promising.

The one thing the business community does seem to agree on is the American people can be impoverished because the rising middle classes outside the US will provide the growth the business community wants. Just throw the poor, sick, elderly into the furnace to generate sustainable energy.... MBAs are taught profits is not to be held back by morality.
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HUFFPOST SUPER USER
tucker43
Converting Repubs one at a time
11:18 PM on 07/25/2012
Break up all industries that are too big to fail. It will create more jobs, a better ecomomy and it will bring decision making down to a "local" level. That is exactly what tea partiers and repubs want. So what's the problem repubs. Oh you are getting lots of blood money from the banks. Oh I forgot, you are doing what is right for the bankers, not the people who put you in office.
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HUFFPOST SUPER USER
tucker43
Converting Repubs one at a time
11:02 PM on 07/25/2012
There's no crying, the's no crying in banking!!
HUFFPOST SUPER USER
dennygboehm
10:42 PM on 07/25/2012
If bankers hate it, you know it is a good idea the have it in place.
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WHYOHWHY
The Stunning of the Mullet by William Shakespeare
04:16 AM on 07/26/2012
Very true. There's not much need to understand the details when a big institution has provided the answer through its own actions.
10:05 PM on 07/25/2012
Any organization that knows it can screw up royally then be bailed out by US taxpayer should be under intense scrutiny. Every few decades we bail out the banks. Any bank or financial institution that is too big to fail should be busted up. That would create a lot of new jobs. At one time in every little town in America, the bank owner had the biggest house and made the most money, yet these guys, whose organizations have been buying up all those little independent banks, can't get enough.
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HUFFPOST SUPER USER
bi-partizan
citizen with integrity
09:01 PM on 07/25/2012
I am a banker, I will do whatever I want. I will get money from Government for 0% and I will charge you 18 % on your credit cards...I will give you only 0.65% on your CD of 25,000 but I will lend the money for mortgage if I wish at 3.50% plus I will charge you fees then I will also charge fees for checks/checking, ATM usage, my luncheons and travel also....when I do not want to do it any more I will sell the bank....to a investment Bank.....Good deal..ha? So I do not want organizations like CFPB looking over my shoulder ..do you understand...GOP+TP help me I have given you all that money ... as donations were I will get tax deduction...I expect R.O.I after the elections....wink.
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HUFFPOST SUPER USER
LeLoup
Res ipsa loquitur, ergo tace!
08:47 PM on 07/25/2012
Cry us a river you whining tools!
07:59 PM on 07/25/2012
Oh, you mean that impartial right-wing think tank funded by the Koch brothers? Gee, imagine that they would call responsible consumer protection as job killing. Economic freedom, for corporations and the wealthy. Right Mitt? Let them continue unabated to steal from the rest of us and destroy the planet. Money is speech according to those unjust Justices on the Supreme Court. The more money one has, the louder his voice right? Oh no, there are no signs of such incredible amounts of money corrupting democracy, right Justices Scalia and Alito.
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anti-fascist
There are 2 types of lies: Lies & Cons. Economics
07:57 PM on 07/25/2012
Come on fascsts, we let you take over without firing a shot but DON'T get insulting
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anti-fascist
There are 2 types of lies: Lies & Cons. Economics
07:50 PM on 07/25/2012
Does anybody besides me remember the 50s when regulations were stifling, taxes were high and PROSPERITY WAS FOR ALL.

And WAR was for Countries that did not have a 5 Star General as President
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HUFFPOST SUPER USER
snorrk
Perspicacity purveyor
08:49 PM on 07/25/2012
I remember the 50's a little differently. Prosperity was for all, regulations were strong enough to keep corporations from stifling the middle class, and taxes were fair and progressive. Everybody could afford a house. Everybody could afford to send their children to college. Medical care was not controlled by massive Health Insurance companies with death panels.
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HUFFPOST SUPER USER
tucker43
Converting Repubs one at a time
11:06 PM on 07/25/2012
Can you tell me what a death panel does? If you can't, I'll call palin.
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HUFFPOST SUPER USER
billw8017
History looks like this
04:59 AM on 07/26/2012
Read anti fascist again. You lived in the same 1950s.
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HUFFPOST SUPER USER
bi-partizan
citizen with integrity
09:05 PM on 07/25/2012
Yes sir...I do...some how America was the favored land at that time as the land of milk & honey..if you worked.....There was respect, Integrity Honor and service....not like today....Bless you
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HUFFPOST SUPER USER
tucker43
Converting Repubs one at a time
11:12 PM on 07/25/2012
What's wrong with today? Only the right wingers, fox an rush slimabll say it is bad. Things aren't perfect and we are in a once in a life time economic down turn. It will come back. Beleive in America, not fox!
07:48 PM on 07/25/2012
I bet he is losing money on his bank stocks.
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anti-fascist
There are 2 types of lies: Lies & Cons. Economics
07:48 PM on 07/25/2012
Specious crapola meant as fodder for very unintelligent voters
This user has chosen to opt out of the Badges program
07:47 PM on 07/25/2012
A banking industry analyst doesn’t like the consumer being protected from the fraud and corruption in the banking industry. Is this a surprise? We all saw this coming. Nothing new here.
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HUFFPOST SUPER USER
farkin Gary
Clipping astroturf with impunity
07:20 PM on 07/25/2012
Isn't it sad that all this effort is being directed at helping people create new debt for themselves?

Kind of telling, isn't it.