“I think you're barking up the wrong tree here. Obama will pick who he is told to pick. The real question is who are the people that are going to tell him who to pick. That's what I want to know. The known quantity here is that whoever is picked is going to give Wall St. whatever it thinks it needs, period.”
“"The nationalization of mortgage lenders Fanny Mae and Freddy Mac is the symbolic end of Bush style capitalism." How very wrong you are. Very very wrong. What you think is the end is, in fact, just the beginning. Now that Bush capitalism has proven itself to be extremely successful you can expect a continuous succession of "privatize gains, socialize losses" events. Bush style capitalism will only end when it will literally be impossible to continue and not a moment before then. So hang for a Bush carnival ride to national insolvency-the momentum has far too much energy to be stopped now.”
“"We run deficits because the American public thinks it can have its cake and eat it too." Nonsense! The American public, in general, is no longer capable of thought. We have descended into a cattle like existence, chewing cud at the feet of the media show business frenzy, and the corporate and political and religious theocracy. Those in power will plunder all the wealth they can while they can. When it all comes crashing down they will simply point at sky and say it was God's will and "Jesus is coming". I mean come on now can't you see this is all part of God's divine plan? At the rate we are going I expect to see multiple listings for bridges in Brooklyn on Ebay long before Jesus shows up.”
“Yes good idea to start thinking outside the box---until you start to comprehend what the results of thinking outside the box truly are, which is fundamentally about responsibility. And that is the last thing that those with control of the reigns want to contemplate. Listening to Paul Volcker is probably a good idea as he is someone who knows a thing or two about responsibility.
Otherwise I suggest we abolish the Federal Reserve. Those who planned and implemented the Federal Reserve did so with the present economic situation in mind (although I'm sure they had no idea about this big of a mess) so as to benefit themselves. And we can see after nearly 100 hundred years later they planned quite well. The government is socializing losses now exactly as they had wanted way back in 1910. Yes that is right, hard to fathom but this is exactly the case.