“The idea that the rich are manipulating the markets is like most conspiracy theories--it assumes hyper-competence on the part of the conspirators. They just wave their finger, and the market jumps or surges at their will. Except science tells us that stock market analysts are as good at picking stocks as monkeys throwing darts, i.e. all their supposed expertise and massive compensation is ultimately worth no more than chance. The people in charge of our financial system are not competent, they're just greedy, and that greed self-sabotages them all the time. The problem is, they've used their political power to rig the system, so they get rich even when they screw up. It's not so much a conspiracy as it is a combination of ineptitude and our corrupt political process.”
belladio on Mar 2, 2013 at 14:00:25
“That the rich manipulate the markets is a well known though rarely admitted fact.
That it's a combination of ineptitude and corruption is also a well known though rarely admitted fact.
Both can be and are true.”
cigi on Mar 2, 2013 at 13:40:01
“Computers play a huge part in what he is saying, so I don't dismiss everything he says. The BIG Industrial players on Wall Street DO manipulate and dominate what happens. They like to give the "little guy" a feeling that he/she is in the mix but it pretty much a rigged game. I have no confidence in the stock market, just like every major institution in this country...they have all been corrupted at the top with money and the illusion of the power it gives to them. Until we as a people demand ethics in business, rather than merely "being clever" we deserve the mess we have. Jaime Dimond has said on several occasions since the crash that the "boom/bust" is a good thing for this country. I heartily disagree. If I am going to invest in the market I want more assurances than just boom/bust!”
“Government benefits just go straight back into the economy. What kind of economic plan is it to turn those on government assistance into beggars on the street? As many countries, such as Mexico, have shown us, making sure the poor get no help at all is NOT some kind of magic engine for economic progress. It actually turns your country into a s***hole.”
“Do you think the words you said were in such an order that they had meaning? Because I can't find it. You can't dispute these basic facts: everyone gets free emergency room care if they can't pay. It's expensive. It's less expensive if someone has insurance than if they go to the emergency room. These are facts. Fear about Obamacare is just paranoia about the scary boogeyman that doesn't look like the presidents on the dollar bills.”
“What's wrong with Republicans? Everyone already has free health care. It's called emergency room care, and it's very expensive. Giving the poor health insurance reduces the costs to us, because when they don't pay for their emergency room care it's passed on to us. It saves us money, but Republicans are shizophrenic. Half the time they're ranting about the government taking their money, and then we the government comes up with a plan to save us money, it violates an ever-shifting concept of "freedom" that only conservatives are allowed to define.”
clematisvine on Nov 14, 2012 at 22:29:29
“Obamacare saving $$$$. It won't be yours or mine or any other law-abiding citizen, taxpayer. We'd better save our bucks, we're going to need it.”
“Let Texas go! We don't need them dragging down our educational system with their conservative indoctrination, nor do we need their votes in our electoral college. Permanent Democratic presidency FTW!”
“Young people don't remember the 60's, that's their problem. They're stuck relitigating all the battles they lost then--free speech, birth control, abortion, civil rights. Young people don't consider any of those things out of the ordinary, and are not inspired by the GOP's promise to reverse them. Nor do we remember the cold war. We're not scared of communists, even when the GOP replaces the word "communists" with "socialism" (which they don't always bother to do; see Allan West). That's why the GOP does a poor job of winning youth votes, it's stuck in a time that has a lot of meaning for old people but seems retrograde to young people.”
SamXavier on Nov 12, 2012 at 19:55:04
“Like Russia being our greatest geo-political foe.”
“When people donate a million bucks, they don't feel like donors. They feel like investors. If they don't see a financial return in real dollars, you'll hear about it. And that's why super PACs should be made illegal again.”
“Just so. He would have cut taxes, listening to his voodoo economists who tell him that cutting taxes will make the country rich, and then been shocked when, just as under Bush II, cutting taxes led to massive deficits.”
“"On Friday night, former New York Mayor Rudy Giuliani, a Romney surrogate, appeared on "Piers Morgan Tonight" to argue that Obama has fallen short in his response to the superstorm, which ravaged parts of New York and New Jersey this week."
Yeah, and the CURRENT mayor, Michael Bloomberg, endorsed Obama specifically because of his response to the storm. Rudy isn't fooling anyone who wasn't already voting for Mittens.”