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PeakOil is You

PeakOil is You

RIP: Lehmans Holdings Inc

Discussions about the economic and financial ramifications of PEAK OIL

Re: Lehman is GOING DOWN

Unread postby gnm » Wed 10 Sep 2008, 10:42:38

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('Heineken', ' ')Your friendly US taxpayer is enlisted to save all the big, fat, bald guys.
Funny how it's evil "socialism" when it's to help the average Joe, but somehow it isn't when it's to help big fat rich guys. :roll:

100% agree! Why the hell are taxpayers being forced to pay for these a$$holes golden parachutes?!

We need to throw every scumbag in congress out of office for this.
:-x :-x :-x :-x

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Re: Lehman is GOING DOWN

Unread postby Byron100 » Wed 10 Sep 2008, 11:27:48

This is why I hate so-called "economists" with a passion, as this is the exactly the sort of thing they advocate to "protect the economy". Ugh! Socialism for the rich, indeed.

From now on, I'm going to openly advocate full socialism for everyone...if those rich old snots can get the goods, so can I. I want 100% free health care, I want subsidized housing, I want an uber-high min wage along with a 30-hour work week, and of course, full retirement at age 55 at 80% of average salary. And I want a brand-new high-speed rail system nationwide, with super-cheap subsidized fares. And while we're at it, I want a decent space program too...first person on Mars by 2015, a permanent base there of at least 1000 people by 2025, along with massive space stations in orbit around the Earth.

Oh, you say this can't be done? Not enough money in the US treasury to pay for all of those goodies? Oh pul-leese!!!

Well, somebody had very well come up with some real, hard evidence is to why this might be, considering all the hundreds of billions, trillions even, our friendly gov't has tossed down the rat hole in the past few years...all so a few rich people can get even richer. Until someone can do that for me, I wanna see some real gov't spending, and I wanna see it happen now. :-D
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Re: Lehman is GOING DOWN

Unread postby Wowzers » Wed 10 Sep 2008, 11:39:51

"We need to throw every scumbag in congress out of office for this. "

Ron Paul can stay :)
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Re: Lehman is GOING DOWN

Unread postby Ludi » Wed 10 Sep 2008, 12:00:56

$this->bbcode_second_pass_quote('Wowzers', '
')Ron Paul can stay :)


Libertarianism doesn't provide any support for the little guy either; it's all "paddle your own canoe."
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Re: Lehman is GOING DOWN

Unread postby Jotapay » Wed 10 Sep 2008, 12:07:07

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('Wowzers', '
')Ron Paul can stay :)


Libertarianism doesn't provide any support for the little guy either; it's all "paddle your own canoe."


Why exactly should any of the $50K in taxes that I paid this year bail out the little guy? I'm against ALL bailouts, for the rich (who are getting them) and the little people (who are not).

Yes, paddle your own canoe. Everyone should paddle their own canoe. I can agree with that.
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Re: Lehman is GOING DOWN

Unread postby gnm » Wed 10 Sep 2008, 12:25:17

$this->bbcode_second_pass_quote('Wowzers', '"')We need to throw every scumbag in congress out of office for this. " Ron Paul can stay :)

Agreed, While we're at it lets make him president... I don't mind paying my own way, I just want to stop paying for governments failures as well.
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Re: Lehman is GOING DOWN

Unread postby cube » Wed 10 Sep 2008, 12:28:35

$this->bbcode_second_pass_quote('Ludi', 'L')ibertarianism doesn't provide any support for the little guy either; it's all "paddle your own canoe."

Isn't that better than what we have now? I feel like I'm paddling the canoe but there's a freeloader in the back going water skiing. :?
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Re: Lehman is GOING DOWN

Unread postby Uniquack » Wed 10 Sep 2008, 14:07:23

The economic/personal financial effects of supporting a class of lower-income "freeloaders" is miniscule; the effects of supporting a small group of mega-rich freeloaders is disproportionately large and it's what's dragging down the rest of the economy. This is a difference most libertarians don't seem to recognize.

At the end of the day, after the conduits (subsidized corporations such as Freddie/Fannie, Enron, and hundreds of other companies, banks, etc. by which the super-rich expropriate wealth from the majority) go bankrupt, they've got all that wealth transferred into their privately held bank accounts and assets. In a way, focusing attention on these legal conduits misses the point of where the wealth really ends up and needs to be released back to the rest of society. We can analyze the corporate capitalist system and make changes, but let's not forget that actual individuals are responsible for using that system. We need to start naming them and demand action be taken against them individually.

We could start thinking and talking about how to redistribute the wealth they have over-accumulated. This could mean enacting a series of wealth taxes or criminal prosecution of the megarich white-collar corporate defrauders with asset seizures, or some other combinations. Then put this recaptured wealth into a national redistribution fund to pay off the national debt and jumpstart the economy with sustainable works projects.

Without much more equitably distributed wealth, a sustainable peak-aware economy that serves everyone is impossible. Until we solve that, the real economy will grind to a halt and we all suffer. The system and rules we've been playing by are what got us here; we need new rules to get out.
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Re: Lehman is GOING DOWN

Unread postby Ludi » Wed 10 Sep 2008, 14:45:00

$this->bbcode_second_pass_quote('cube', 'I')sn't that better than what we have now?

Nope, 'cause the rich guy will still be fine. Libertarianism is great for the rich, who can afford all the judges and police they want to hire, but it does nothing to help the poor.

Sorry to keep going off-topic!
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Re: Lehman is GOING DOWN

Unread postby Jotapay » Wed 10 Sep 2008, 15:20:37

True Libertarianism is great for anyone who will work and is intelligent. And for those who have competitive advantages over others.
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Re: Lehman is GOING DOWN

Unread postby AlexdeLarge » Wed 10 Sep 2008, 15:20:38

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('cube', 'I')sn't that better than what we have now?
Nope, 'cause the rich guy will still be fine. Libertarianism is great for the rich, who can afford all the judges and police they want to hire, but it does nothing to help the poor.

In all seriousness, then what is the answer? There will always be the poor, there will always be the rich. Isn't the best we can hope for is a system that does not lock you into a specific class? A system that rewards hard work, inate skills, innovativeness, even luck, that can propel a person into the upper class!

The only other option would be socialism and or communism which still has a ruling class while the rest of the population is locked into their lot in life.
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Re: Lehman is GOING DOWN

Unread postby Jotapay » Wed 10 Sep 2008, 15:21:54

She believes in an idyllic Shangri-La.
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Re: Lehman is GOING DOWN

Unread postby vision-master » Wed 10 Sep 2008, 16:23:28

$this->bbcode_second_pass_quote('AlexdeLarge', '')$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('cube', 'I')sn't that better than what we have now?
Nope, 'cause the rich guy will still be fine. Libertarianism is great for the rich, who can afford all the judges and police they want to hire, but it does nothing to help the poor.
In all seriousness, then what is the answer? There will always be the poor, there will always be the rich. Isn't the best we can hope for is a system that does not lock you into a specific class? A system that rewards hard work, inate skills, innovativeness, even luck, that can propel a person into the upper class! The only other option would be socialism and or communism which still has a ruling class while the rest of the population is locked into their lot in life.

You mean upper "tax bracket" class. :razz: The Amerkican dream is over.
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Re: Lehman is GOING DOWN

Unread postby hillguy57 » Wed 10 Sep 2008, 16:29:59

Some sort of wealth redistribution is required but all out socialism or communism would never be accepted by the majority
of the U.S.. What is needed is a new hybrid Government with the cruel efficiency of free market combined with a humanitarian outlook of socialism. Something just left of center on the political spectrum.
Perhaps a new political party?
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Re: Lehman is GOING DOWN

Unread postby Heineken » Wed 10 Sep 2008, 16:33:35

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('Ludi', 'L')ibertarianism doesn't provide any support for the little guy either; it's all "paddle your own canoe."
Isn't that better than what we have now?I feel like I'm paddling the canoe but there's a freeloader in the back going water skiing.

I'd rather have libertarianism OR socialism than what we have now. What we have now is the worst of all possible worlds, except for the rich.
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Re: Lehman is GOING DOWN

Unread postby jbrovont » Wed 10 Sep 2008, 16:41:36

Pretty much. I think the idea we get sold in grade school about "The American Dream" is pretty solid: you can have anything you want as long as you work hard for it. The Constitution's "Of the people, by the people and for the people" speaks towards a socialized republic, but that doesn't mean "socialism." It does mean the government should exist to make sure the tools everyone needs to benefit from their own hard work are guaranteed - like that higher education exists, we have electricity, we don't get invaded, etc. :)

I don't think it means that a few thousand state and federal congress people should have free reign, get all their expenses paid for at our expense (forever), give all the sweet business deals to their buds, and when sh*t goes south, ship us the bill. I can't think of anything that smacks of "unamerican" more than this nice little arrangement they have worked out. Then when the pesky law gets in the way they buy and sell pardons with votes. I haven't come up with a good word to describe this yet, but it sure pisses me off to hear either party talk about "America" or "support the troops" or "Freedom" while they busily work to undermine democracy here at home.

Maybe democracy was our biggest export, but I think our reserrves have hit terminal decline with this batch of criminals calling the shots. Nitrogen injection anyone? :)
$this->bbcode_second_pass_quote('AlexdeLarge', '')$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('cube', 'I')sn't that better than what we have now?
Nope, 'cause the rich guy will still be fine. Libertarianism is great for the rich, who can afford all the judges and police they want to hire, but it does nothing to help the poor.
In all seriousness, then what is the answer? There will always be the poor, there will always be the rich. Isn't the best we can hope for is a system that does not lock you into a specific class? A system that rewards hard work, inate skills, innovativeness, even luck that can propel a person into the upper class! The only other option would be socialism and or communism which still has a ruling class while the rest of the population is locked into their lot in life.
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Re: Lehman is GOING DOWN

Unread postby killJOY » Wed 10 Sep 2008, 16:41:40

$this->bbcode_second_pass_quote('', 'Y')es, paddle your own canoe. Everyone should paddle their own canoe. I can agree with that.

Metaphors are revealing, and as usual this one is inadequate.

Yes, in this economy some paddle canoes. But some have powerboats. And a lucky few have yachts. But most are in dinghies, or on life rafts, or up sh*t crick without a paddle.

And no one gives a damn. If my yacht swamps your raft, sucks to be you. They say a rising tide lifts all boats. But the balance of them remain life rafts, and the yachts barely notice.
Peak oil = comet Kohoutek.
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Re: Lehman is GOING DOWN

Unread postby AlexdeLarge » Wed 10 Sep 2008, 17:02:52

$this->bbcode_second_pass_quote('jbrovont', 'I') don't think it means that a few thousand state and federal congress people should have free reign, get all their expenses paid for at our expense (forever), give all the sweet business deals to their buds, and when sh*t goes south, ship us the bill. I can't think of anything that smacks of "unamerican" more than this nice little arrangement they have worked out. Then when the pesky law gets in the way they buy and sell pardons with votes. I haven't come up with a good word to describe this yet, but it sure pisses me off to hear either party talk about "America" or "support the troops" or "Freedom" while they busily work to undermine democracy here at home.

+1 I agree with that. It's not that our system does not work, its that the Constitution is being ignored. We have an entrenched bureacracy that needs to removed from power. Not just the elected politicians, but the life long bureacracy that stays in DC or State governments.

I would like to see a new Constitutional Convention, and Amend the constitution as the delegates see fit as per the guidelines and rules of the constitution. If abortion should be a defined right, spell it out and amend the constitution. I would love to see set term limits for the congress and the senate. Perhaps a 1, 6 year term limit on the President. The SCOTUS, how about 25 year staggered terms!

Whatever; but its our own leaders on both sides of the Aisle that need to be kicked out of Washington. The problem is not the system. The problem is the people gaming the system!!!
Wow.........we are way off topic!!! LOL
Last edited by AlexdeLarge on Wed 10 Sep 2008, 17:05:18, edited 1 time in total.
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Re: Lehman is GOING DOWN

Unread postby cube » Wed 10 Sep 2008, 17:03:51

$this->bbcode_second_pass_quote('killJOY', '')$this->bbcode_second_pass_quote('', 'Y')es, paddle your own canoe. Everyone should paddle their own canoe. I can agree with that.
Metaphors are revealing, and as usual this one is inadequate.
Yes, in this economy some paddle canoes. But some have powerboats. And a lucky few have yachts. But most are in dinghies, or on life rafts, or up sh*t crick without a paddle.
And no one gives a damn. If my yacht swamps your raft, sucks to be you. They say a rising tide lifts all boats. But the balance of them remain life rafts, and the yachts barely notice.
Perhaps a clever man in a paddle boat will grab onto the rudder of a yacht moving by and therefore lift himself up to a higher position? :wink:
I don't have anything against rich people. I have issues with freeloaders and NOT all rich people are freeloaders and Robber barons.
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Re: Lehman is GOING DOWN

Unread postby nobodypanic » Wed 10 Sep 2008, 17:53:29

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('Ludi', 'L')ibertarianism doesn't provide any support for the little guy either; it's all "paddle your own canoe."
Isn't that better than what we have now? I feel like I'm paddling the canoe but there's a freeloader in the back going water skiing. :?

there is, and he owns a yacht. i hope you get that.
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