Article

2009-04-26 Economy

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Posted by Fred 2009-04-26 10:19|| || Front Page|| [6 views ] Top

#1 "Lets look at the record".

Posted by g(r)omgoru 2009-04-26 12:01|| 2009-04-26 12:01|| Front Page Top

#2 > This is why I believe the era of democratic free-market capitalism is coming to an end.

It ended with Basel 2. Capitalism needs a stable currency to work and the currency was massively manipulated for political benefit.

Posted by Bright Pebbles 2009-04-26 12:23|| 2009-04-26 12:23|| Front Page Top

#3 Many things besides the currency have been and are being manipulated. It's far more than a political issue. Economy will tend to stagnate until people are convinced they are not being taken for ride.

Posted by Anguper Hupomosing9418 2009-04-26 15:19|| 2009-04-26 15:19|| Front Page Top

#4 I also think it looks like the well connected (to the state) bondholders are being bailed-out at the expense of (largely shareholder level) taxpayers.

None may dare call it fascism?

Posted by Bright Pebbles 2009-04-26 15:33|| 2009-04-26 15:33|| Front Page Top

#5 That's the problem with the *F* word. It's degenerated in its usage to a simple pejorative like the *N* word losing its contextual meaning other than -insert mindless hate here- usage. Thus as the old Aesop tale goes, when actual Fascism does show up, no one pays attention to the real alarm. Human behavior hasn't changed much in 2,500 years.

Posted by Procopius2k 2009-04-26 16:09|| 2009-04-26 16:09|| Front Page Top

#6 Fascism is a the government and big business bolted together?

What better word do you have?

Posted by Bright Pebbles 2009-04-26 16:38|| 2009-04-26 16:38|| Front Page Top

#7 And not only is there TARP for banks, insurance companies, and non-bank financial institutions, but also for GM, Chrysler, and various auto suppliers, and perhaps soon enough for credit cards, newspapers, and other sectors of the economy.
Don't forget pensions as many have been invested in securities. Some plans are so liberal, like the Omaha Police Union's, they offer something like 120% of full pay after 20 years, when the city is hurting. Ugly ads flying around and a tight mayoral race, yet the media keeps the people in the dark and they haven't realized the scope of the problem yet.

Posted by Thealing Borgia 122 2009-04-26 17:30|| 2009-04-26 17:30|| Front Page Top

#8 The purpose of TARP, as I understand it, was to get money moving through the economy via the financial institutions. From the perspective of those executing the plan, binding the mouths of the kine that tread the corn is counterproductive, as that money will move, too -- if only enriching the product that all cattle produce at the far end.

Posted by trailing wife 2009-04-26 19:32|| 2009-04-26 19:32|| Front Page Top

#9 Income and Purchase Taxation is the greatest barrier to money moving through the economy.

Posted by Bright Pebbles 2009-04-26 19:35|| 2009-04-26 19:35|| Front Page Top

#10 That and pure and simple corruption.

Posted by CrazyFool 2009-04-26 21:08|| 2009-04-26 21:08|| Front Page Top

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