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Blahboy's Comments

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Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 15, 2012 at 21:00:46 in Business

“And 72% of Wall Street donations in 2008 went to Obama.”

lightningbolt on Feb 16, 2012 at 07:46:34

“Most Wall St. donations this year are going to Romney.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 15, 2012 at 21:00:08 in Business

“This statement is absolutely unsupported by the facts. Do you want to look up "balance of payments" and then take a look at the TRILLIONS of debt Obama has piled up in just three years - before the 9 TRILLION of debt of the first phase of Obamacare is implemented? No, of course you don't. That would require you to change your bumper sticker.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 15, 2012 at 20:58:15 in Business

“And again, you are caught in the deception of your own propaganda. The fact remains, and cited from IRS statistics,

Your obfuscation is ridiculous. You say that Federal taxes suddenly don't matter because people pay state taxes? What a ridiculous claim, laughable on its face... because State taxes parallel Federal taxes. This is just another meme you have slogans for but no understanding of.

Also, there are many states with no income tax - Texas, Florida. There are sales taxes, payroll taxes, property taxes. These are taxes paid in direct proportion to spending, not income.

The fact remains that people who make 21% of the gross income in the country pay 37% of the tax burden. People who take up 40% of the spending pay 1% of the taxes. That is a cold, hard fact that is is hard to spin yourself out of.

We have a value-based economy. Mark Zuckerberg making 20 billion off Facebook does not take 20 billion dollars away from janitors in Tennessee. This is just another fact you choose to overlook. If it really was a concern of yours then you be hating Arianna Huffington because the money she made from the AOL merger took money from the mouths of welfare babies. That didn't happen.

You are not equipped to really even participate in this conversation. You have a lack of facts and more unforgivably, a lack of understanding at the very core matters.”

efmo on Feb 19, 2012 at 15:26:45

“I believe your obfuscation is equally ridiculous & that you really should pay attention to other than talking points from AEI, etc. I never said that federal income taxes didn't matter. But the fact is - those who are complaining about what they are paying in federal income taxes have vacuumed up most of the wealth without sharing it with those they depend on to create it. Productivity has risen since the 70's, and yet, unlike in the past, instead of workers sharing a more equitable portion of the income, they've been relegated to crumbs - thanks to the idiocy of supply side economics. Another thing you forget is how low historically federal income taxes are on the upper 1% - esp. the 1/10th of 1%. It's outrageous how you complain about that & demand even lower federal income taxes!! Btw, everyone with an income pays payroll taxes. And there are a ton other local, state, etc. taxes that everyone bears the burden of (sales, etc.) that you conveniently forget. I, for one, am disgusted with how whiny & ungrateful the upper 1% have become because someone making $20,000 a year doesn't pay more in taxes so they can get another reduction!! You're being played by the 400 wealthiest Americans & you can't see it or understand it because you're so afraid (secretly?) you might be joining the bottom tiers sooner than that rarified realm at the top.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 15, 2012 at 20:46:07 in Business

“And apparently after FIVE requests for you to provide any actual analysis for your theory, you still cannot.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 17:17:55 in Business

“You misunderstand the sentiment and situation. I think you are too eager to hate and not willing to reason.

It was not just the workers themselves that forged the nation, but the very social and economic structure of the country. What is being altered today is that structure to become more of a unfunded, coddling culture where governments exists to both rationalize, ration, hand out and decide for workers rather than empower them. THAT is what is being advocated by the current President and a philosophy that deserves to be derided.”

efmo on Feb 19, 2012 at 15:28:37

“Oh please. I don't hate, I just shake my head at anyone who believes such sentiments because we have social security and medicare.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 17:12:52 in Business

“Your comments are as offensive as they are unsubstantiated.

Every person gets a vote. That is not "in name only."

The problem is that each individual has an obligation to be educated on subjects and rather are herded - moreso by the Left than the Right by far - to vote certain ways.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 17:11:01 in Business

“Again, your claims are not supported by facts.

Please explain the fiscal problems of Illiinios, California and New York, the three most Democratic states. You conveniently refuse to look at the debts incurred by states with unfunded Democratic policies in their full glory being implemented. You cannot even point to the Teacher's Unions as being beneficial to anyone or society save the members of the union itself. Even "Waiting for Superman" documented their detrimental effect on schools and society.

You have this bizarre idea that unionization and inflating wages actually would create more jobs, when history shows it favors a few workers (via seniority or political connection) and depresses the rest of the workforce by putting them out of work entirely. When there are just 100 bars of gold, you can give 100 people 1 bar of gold or you can give 10 unionized workers 10 bars of gold and the rest get nothing. But hey, as long as the 10 are union, you don't seem to care - or acknowledge - the rest.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 17:06:02 in Business

“Again, please explain the governmental problems and social system collapse of California, Illinois and New York, all three stalwart Democratic bastions. When debt is factored, those are actually THE poorest states. California has more debt than France and a bigger economy and as of March 2nd or 3rd, California is out of cash and will be issuing - again - IOUs instead of tax refunds to citizens.

What you claim actually is unsupported by facts.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:27:30 in Business

“I know all too well what is going on. I've been studying it since 2003, and I lived in Europe for eight years as the more proactive politicians were devising solutions and plans to cope long before the current banking crisis.

A toad would be preferable to yourself, I'm sure.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:25:48 in Business

“I know all too well what is going on. I've been studying it since 2003, and I lived in Europe for eight years as the more proactive politicians were devising solutions and plans to cope long before the current banking crisis.

Curious how people say something like that and then have absolutely no facts to back it up themselves. There is a fiscal reality to the world, and these governmental policies have violated it. There is a simplicity to this you cannot deny: don't spend more than you take in. Yet they have been.

The rest is rationalization and politicization. If you had a substantive argument I am sure you would at least try to post it. But you do not.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:22:21 in Business

“No, it can't. The banks going down meant there were not more banks to borrow money from and issue debt notes to; it robbed them of a partner in crime and a short-term conspirator and did not create the habit of countries spending more than they were taking in.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:20:40 in Business

“Yet the IMF is almost exclusively run by European Socialists.”

koos458 on Feb 16, 2012 at 11:34:17

“There is no such thing as a rich socialist.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:20:02 in Business

“No, they weren't. It was just a shell game and the banks ended up having to just put two shells on the table instead of three. Basic math caught up with them, and the fiscal crisis revealed the folly and ridiculousness inherent in the system by no longer helping people rationalize for the short-term.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:17:42 in Business

“Babe, you have inflation because the money you have borrowed for government and social services now outpaces your inflation. I do not think you know how economies and money works. If you spend more than you take, and finance the gap by issuing bonds to people, eventually that debt comes due. You spent more than you took in, making your promises worthless.

Just because you pay high taxes doesn't mean your government is collecting enough to cover the debts incurred. It just means that in order to cover your debts you have to pay even higher taxes.... and spend less.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:13:37 in Business

“No, spending more than you take in caused the problem. They just ran out of a partner and an enabler with the banks. Basic math caught up to Portugal. It is that simple.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:12:21 in Business

“As a reminder, Obama took 5 of the 8 heads of Goldman Sachs from the credit default days, the very architects of the problem, and put them in charge of every financial aspect of your life.”

VPerry24 on Feb 14, 2012 at 05:16:55

“And the Obamanites defend his decisions.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:11:19 in Business

“The people in Portugal chose what they have been spending money on for the last thirty years, since they went Democratic. Surely those decisions are a major part of their current dilemma. They borrowed money, they lived off of bond issues and debt assumptions... and yet you think they do not have to pay it back?”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:09:21 in Business

“Depends on how you define poor." Those states also have a very low cost of living. If you look at the three states with the greatest debt and inability to fiance their operations, it is California, New York and Chicago. None of those are Republican bastions.

I think you rely more on ideological bigotry than facts and financial realities to make your judgements.”

Martha Fair on Feb 14, 2012 at 19:41:46

“Republicans don't like Fact Checks, or Mic Checks either.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:07:28 in Business

“From my experience, you cannot get a Greek to show up for work on time or work 60 hours a week like the Chinese do. There needs to be a cultural shift.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:04:51 in Business

“Fourth, the aggregate of all social programs and governmental expenses are indeed what is hurting the people. They demanded a certain nanny state and now cannot conceive that it must be paid for, and even go so far as to resent that it must be paid for. Having a sustainable country means a sustainable budget within reach of your means. For four generations now many Europeans have demanded things that are well outside the fiscal realities of their income. It could be masked with financial tricks and bond issueances, but those tricks have come to an end. Fixing the matter is not erasing socialized medicine, but at the very least it requires a scaling back proportionately of EVERY program and expense until you can afford a level of service and to pay back the generations of loans your government and people have already taken out.

I can see your chronic ignorance is why you chose to so vocally support OWS.

I think the reason you were so mad is that there are some simple, basic truths you have spent a long time ignoring and rationalizing away, and you are now out of self-deceptive practices. It is discomforting, but any mature person who is willing to live responsibly must confront and conform to fiscal reality. So I wish you luck, but I think you have a bigger mental obstacle to overcome than most.”

efmo on Feb 19, 2012 at 16:13:31

“The current problems in Europe have more to do with an out of control worldwide financial elite and the galloping philosophy that denigrates workers and wishes to privatize everything, while at the same time making sure the wealthiest citizens in every country pay nothing towards the benefits of living in that country.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 04:04:40 in Business

“In terms of individuals' use of credit cards, they are used. Not as prevalent as the US of course, but it is horribly naive to claim they are not.

Second, you are dead wrong about your assessment of the usage of credit. What you wrote makes Europeans seem like they were content little serfs saving their pennies until the Big Bad American Banker came to visit. Nothing is farther from the truth. Do you know the history of Deutchebank? The Rothchilds? Merchants? How about the Vatican Bank? Barclays? How about even VISA, which was initially created to be a unified Eurocentric credit card. Germans have used centralized institutional and governmental finance for two centuries longer than the US has existed.

Third, it is apparent that you do not even understand the role of a bank. Your "free cash" line is patronizing and deficient. Repayment terms of ANY loan are apparent.

more coming...”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 14, 2012 at 03:47:36 in Business

“I have lived there. I am sure that you have not. It is that simple. That basic tenant has been violated, routinely and regularly and with the encouragement of most political parties. The credit card got maxed out. Basic math IS that simple.

Any "complexity" has to do with your rationalizations falling apart, not by underlying facts. The "complexity" came from a myriad of tricks and deferments and political moves, but ultimately when you spend more than you make you create your own trouble. It is that simple. All else are details and politics.”

efmo on Feb 19, 2012 at 15:48:52

“I was referring to the fact that certain financial institutions were happy to fund the bubbles because they were making money like there would be no tomorrow. Now that the bubbles have burst in Europe, they are happy to take advantage & consolidate their power. As well as use the opportunity to unravel the social contracts today. I'm not saying that certain aspects of the economies don't need review and/or reform (for instance it would be great if wealthy Greeks would start paying taxes,) but it's pretty clear the current attitude is let those primarily responsible for the mess skate clean & foist the pain off on those who contributed the least to the problems. It's also important to note that Germany depended on many of those "PIGS" countries to buy their manufactured goods and were only too happy during the boom times to lend them money to keep up the buying sprees. So, no, it's not just about spending more than you create. That, to me, is an oversimplification. But quite in keeping with the conservative world view that its always the working classes' fault for wanting to live "high off the hog" and not continue to fund the lavish lifestyyles of their financial "superiors."”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 13, 2012 at 00:22:53 in Business

“Austerity is simple: it is for the people who do not have money to afford what they want. These people got into trouble because they were using credit card for the last thirty years. The bill is now due. It is that simple.

That day is coming to the US as well.”

ajustman on Feb 13, 2012 at 09:47:18

“It is here now just wait when people can't retire ever”

shaunmarie on Feb 13, 2012 at 03:46:34

“Blahboy,

I have to say, reading you talk about things you don't know anything about is really pissing me off this morning.

"These People" got in trouble for a myriad of reasons, but almost none of it had to do with workers or workers rights. Furthermore, PEOPLE IN EUROPE DON'T USE CREDIT CARDS.

As to "the people" - until the Euro zone, no one in Europe had any notion of anything like "retail banking" - banks were places that helped you manage your money, not places that offered you free cash (with repayment terms hidden in fine print...).

This people who are being hurt are not being hurt because of their healthcare system, The social safety net here is not what you seem to think it is - I doubt that it pays as well as the US welfare system. The reason this is happening is a combination of greed, trickery and govt corruption -

The rich don't pay taxes, the banks fleeced these people, the govt took these huge EU loans and pocketed the money and spread it to their cronies - and now the poor are being told that they must live "austerely" - these people are already living austerely - they have nothing left to give up. Unless, of course, southern Europe wants to become another USA, with people dying in the streets.”

efmo on Feb 13, 2012 at 00:45:20

“Beware those who simplify complicated and complex relationships in the EU.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 13, 2012 at 00:18:49 in Business

“The elites did not vote in socialist policies and governmental policies for 30 years that were both unfinanced and unsustainable. That was the people and the socialist mindset. They demanded things their resources could not pay for and got it. Now the bill is due.

Wall Street and elites have nothing to do with the stupid choices the people of Greece and Portugal made themselves.”

Martha Fair on Feb 13, 2012 at 10:07:28

“If Republicans don't make you poor...how do you explain the fact that the lowest 10 states per income are all Republican controlled and most have been duped into adopting the Republican idea called "Right to Work" with more states trying to force this down the american workers throats everyday. All you have to do is read the census numbers on median income and you will see what I mean. Voting Republican = a legacy of poverty for everyone. Wake up...what does it take to make you quit voting them in?”

shaunmarie on Feb 13, 2012 at 03:36:00

“Blahboy, you don't actually know what you are talking about. Go lick a toad.”

theaustralian on Feb 13, 2012 at 00:51:51

“you dont understand the current crisis.”
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal

Commented Feb 13, 2012 at 00:14:04 in Business

“What you write is a nice piece of paranoia, but the reason it doesn't make the mainstream press is because it quite simply is not true. You have no evidence, you have no examples. You have no logic. You just have these silly diatribes and accusations. Go learn something.”
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