Finally a Democrat who gets it

[jsteele]

All of this talk about socialism is ridiculous. While you all are chasing socialist ghosts that don't exist, "capitalists" are making a killing. The Federal Funds Target rate has been 0% - 0.25% for over two years. That means banks can borrow money for next to nothing. Where has that money been going? Economic growth? We haven't seen much of that. Job creation? We haven't seen much of that either. So, what have we seen? Record profits by the biggest banks.

That's not the only sweetheart deal the banks have been getting Take a look at this article which explains how nine firms, five of them foreign, got over $5 billion essentially free:

http://www.huffingtonpost.com/2010/12/01/wall-street-borrowed-from_n_790709.html

If America were socialist, those banks would have been nationalized and their profits used to benefit society rather than a few fat cats.

How is it that when the government gives banks free money that they use to generate record profits for their own benefit, the government is criticized as anti-business and pressured to cut the taxes of those lucky few to whom the money is going? But, if the government gives a pittance to an unemployed worker or funds the healthcare of a working poor person, that's socialist? Would it be better if the unemployed guy received several million? Would that not be socialist according to this calculus? Would everyone scream to cut the guy's taxes in that case?

[Anonymous]

Banks borrow for free and buy treasuries with the borrowed money. Government should just hand out money directly. The socialists are trying to reflate the tax base. Its over, the tax base will not be big enough. This is gonna get good!!!

[Anonymous]

Anonymous wrote:"Mr. Cuomo proposed to freeze the salaries of the vast majority of public employees for one year, to limit new spending to no higher than the rate of inflation, to limit school property tax increases and to “hold the line” on taxes in general.

“New York has no future as the tax capital of the nation,” Mr. Cuomo said. “Our young people will not stay, businesses will not come, this has to change. Put it simply, the people of this state simply cannot afford to pay more taxes, period.”


However in our neck of the woods DC and Maryland are going to raise taxes, that's how they curb excess here. Instead of cutting their fat, bloated budget they attack the taxpayers.

I think you should move to New York! Okay, then, on your way now. I can hardly wait till you leave!

[Anonymous]

Anonymous wrote:It doesn't matter "who gets it". The money is gone. In the States and the Federal Government the s*** is about to hit the fan. Socialism always fails and this coming year will be proof.

Too bad we haven't tried socialism! Too bad you are so uneducated you don't understand the difference between welfare capitalism and socialism. Really sad.

[Anonymous]

Anonymous wrote:That's how socialism fails. It causes weakness that can't be changed until everything is dragged down with it. People end up pretending to "work" and the government pays people with "pretend" money. LET'S GOOOOO!

Stop it with the socialism thing. It is tired. Socialism is the public ownership of factories and businesses. We have public buses and trains, and sometimes but not usually public utilities. We have a public retirement system. That's it. Socialism is a planned economy. We have had some bailouts of private business, but we do not tell the airlines how many planes to fly or tell Caterpillar how many backhoes to produce. Pretty much every good or service produced is done by private enterprise, according to their own objectives.

I am not sure whether you actually know what socialism is, or whether you just like flinging it around like one might call a right winger a fascist.

Isn't it embarrassing to use the word so often when you don't even know what it means?

[Anonymous]

that one big giveaway to seniors

Don't forget the drug companies!

We need means testing for Social Security. More than ever since the baby boomers just started turning 65. Too bad it will never happen.

[Anonymous]

Anonymous wrote:That's how socialism fails. It causes weakness that can't be changed until everything is dragged down with it. People end up pretending to "work" and the government pays people with "pretend" money. LET'S GOOOOO!

GOLD STANDARD! GOLD STANDARD!!! IT'S ECONOMICS 101 PEOPLE!!!1!

You know who just loves saying "It's economics 101"? Folks who make up the Tea Party wing of the GOP. Since they have no grasp of economics whatsoever, they don't understand that there is actually an Economics 102. Also an Economics 205, Econ 330, and Economics 2022. So they blather on about "pretend" money, hoping someday fiscal policy will be set by how much of a certain gold metallic ore mining companies can manage to extract from the Earth in a given year.

Yes, this is *truly* fucking inane as far as economic policy goes, but there you go. We have always had political movements comprised of nitwits, and various know-nothings who think they've got all the answers. And we always will. I wonder what the Tea Party of 2020 will be?