Discuss Detroit » NON-DETROIT ISSUES » Failed Free Market Policies » Archive through February 15, 2009 « Previous Next »
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Detroitej72
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Username: Detroitej72

Post Number: 1165
Registered: 05-2006
Posted on Wednesday, February 04, 2009 - 7:51 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

http://news.yahoo.com/s/ap/200 90204/ap_on_go_co/bailout_exec utive_pay;_ylt=Ao1xoVBfJjRd7Vp4XPCkM9qs 0NUE;_ylu=X3oDMTFhb2w5Y20wBHBv cwM3BHNlYwN5bl9tb3N0X3BvcHVsYX IEc2xrA29iYW1hYWRtaW5pcw--

Good to see President Obama reigning in out of control free market policies.

I heard some of the banking executives crying in their wheaties today that now they will be hard pressed to keep their CEOs with the companies now with a salery cap.

Which begs the question, who the hell would want to hire someone who was so incompatant in running a bank into the ground anyway?
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Ccbatson
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Username: Ccbatson

Post Number: 18507
Registered: 11-2006
Posted on Wednesday, February 04, 2009 - 7:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

First of all...Free market policies is an oxymoron, that should be the first clue of the liberal deception underway.

Free markets don't require policies, it is the absence of policies (ie regulation other than justice between the parties of the contractual agreement).
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Jams
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Username: Jams

Post Number: 7656
Registered: 10-2003
Posted on Wednesday, February 04, 2009 - 7:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Glass of water for Ccbatson
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Ccbatson
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Username: Ccbatson

Post Number: 18509
Registered: 11-2006
Posted on Wednesday, February 04, 2009 - 8:03 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

That, and your surrender that you just rendered, will do very nicely...thank you.
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Detroitej72
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Username: Detroitej72

Post Number: 1168
Registered: 05-2006
Posted on Wednesday, February 04, 2009 - 8:07 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Poor Bats, you really can't see the forest for the trees.

I can't help but notice, you never responded to the crying CEOs that you so dearly defend... Your lack of response must mean that even you have no talking points to counter with.
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Ccbatson
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Username: Ccbatson

Post Number: 18513
Registered: 11-2006
Posted on Wednesday, February 04, 2009 - 8:23 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I defend true conservatives and capitalists, not corrupt looting stooges who throw in with liberal socialist and sell out liberty.

As soon as they begged for socialism (bailouts), their true colors became clear.
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Detroitej72
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Username: Detroitej72

Post Number: 1170
Registered: 05-2006
Posted on Wednesday, February 04, 2009 - 8:33 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The CEO's are just using the capitalist system to the max.

Nice try to blame it on libs for the failers and lack of morality of free market men.
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Ccbatson
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Username: Ccbatson

Post Number: 18519
Registered: 11-2006
Posted on Wednesday, February 04, 2009 - 8:38 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Asking for, and accepting a government bailout IS BY NO MEANS ANYTHING RESEMBLING CAPITALISM.

I defy anyone to prove otherwise.
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Vetalalumni
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Username: Vetalalumni

Post Number: 1075
Registered: 05-2007
Posted on Wednesday, February 04, 2009 - 8:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

True colors of corporate America became evident long ago. Genius and practice withstanding, history reveals economic thought is yet insufficiently developed or dynamic. What we see today is a particularly evident manifestation coupled with recent federal intrusion. See Greenspan.
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Jimaz
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Username: Jimaz

Post Number: 6501
Registered: 12-2005
Posted on Wednesday, February 04, 2009 - 9:03 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

LOL! Toss another banker on the barby.

What we're seeing is an increasing separation between labor and capital equipment, an increasing separation between homeowners and homes. What good does an idle forklift do anyone? What good does an empty house do?

Picture the future as an empty house with homeless families huddled around just outside it.

The market is chasing its tail.
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Oladub
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Username: Oladub

Post Number: 1151
Registered: 08-2006
Posted on Wednesday, February 04, 2009 - 9:17 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Rep. Marcy Kaptur (D-Toledo) is encouraging homeowners facing foreclosures to stay in their homes. She (at 13min5sec) says that foreclosed upon occupants should not move out if the bank cannot produce the deed or audit trail. Anyone reading this that might be foreclosed upon, should listen to what Rep. Kaptur has to say.

http://www.democracynow.org/20 09/2/3/rep_marcy_kaptur_d_oh_u rges
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Vetalalumni
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Username: Vetalalumni

Post Number: 1077
Registered: 05-2007
Posted on Wednesday, February 04, 2009 - 9:39 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Yes, the onus is on the bank.

A “state of shocked disbelief” after a lifetime of economic practice and theory.
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20043_stotter
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Username: 20043_stotter

Post Number: 758
Registered: 03-2007
Posted on Wednesday, February 04, 2009 - 11:40 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Yes, the anus is on the bank alright.
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Vetalalumni
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Username: Vetalalumni

Post Number: 1079
Registered: 05-2007
Posted on Thursday, February 05, 2009 - 12:18 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Cute 20043_stotter.
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Ongowwah
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Username: Ongowwah

Post Number: 245
Registered: 03-2008
Posted on Thursday, February 05, 2009 - 8:27 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I would like to see free market policies and pure capatilism but the Dems and unions won't let that happen. Assume for a moment that these actually exist today (which they don't) Through out our country's history we have still been the example that draws hoardes of people to our shores from countries that exhibit the type of government control that Obama and his minions now seek to switch us to. If it was such a good system why do they leave to come here? Has the US had down periods? Yes. Anyone have a better system? No. People come here for the opportunity to pursue their dreams and for the opportunity to , yes, at least be able to try and or fail making their own lot in life.
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Rb336
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Username: Rb336

Post Number: 8410
Registered: 02-2007
Posted on Thursday, February 05, 2009 - 8:51 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"I would like to see free market policies and pure capatilism"

first, the program SHOWS you when you misspell. how lazy can you get?

90% of what your ilk claims get in the way of "pure capitalism" is in place. go look in brazil, mexico and other sh** holes
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Wally
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Username: Wally

Post Number: 556
Registered: 12-2003
Posted on Thursday, February 05, 2009 - 8:56 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

first, the program SHOWS you when you misspell. how lazy can you get?

Why didn't you capitalize the F in "first", or the H in "how"? How lazy can you get?
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Danindc
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Username: Danindc

Post Number: 4297
Registered: 10-2003
Posted on Thursday, February 05, 2009 - 9:24 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

Has the US had down periods? Yes. Anyone have a better system? No.



I hear the Canadians have a pretty nifty thing going, and without the religious persecution to boot!
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Lilpup
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Username: Lilpup

Post Number: 5217
Registered: 06-2004
Posted on Thursday, February 05, 2009 - 9:59 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The US would cease to exist if it ascribed to unfettered free market capitalism. The lifting of previously imposed market regulations is what has driven the economy to the brink it's at now. Sacrificing jobs to the profit gods only leads to weakness and instability.
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Oladub
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Username: Oladub

Post Number: 1156
Registered: 08-2006
Posted on Thursday, February 05, 2009 - 10:27 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Ongowwah writes in post 245, "I would like to see free market policies and pure capatilism but the Dems and unions won't let that happen."

Nor will Republicans or large corporations. However, nothing is pure and as we are seeing, the bankers have made a mess. My suggestion is that the Federal Reserve be eliminated since it has, for the second time, created such a massive bubble and another depression. Short of that, Congress should regulate the Fed and give the Treasury Department oversight over it. Federal budgets should be balanced. What we have seems to be unfettered government more than pure capitalism.

Catherine Austin Fitts argues that between 4 and 10 trillion dollars has gone missing from the federal government. That money would go a long way toward relieving the federal debt and eliminating the 30% of our income taxes that now go toward servicing the national debt.

I am not arguing for pure capitalism here that would lead to chemical laden streams and air but rather for 'purer' government that would not be corrupting the economic arena with bureaucratic sludge and debt.
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Firstandten
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Username: Firstandten

Post Number: 625
Registered: 05-2006
Posted on Thursday, February 05, 2009 - 10:28 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

If you are part of the working class or the working poor and aspire to the middle class you probably won't get there if you believe in laissez-faire capitalism. With the Bush administration lifting market regulations we were heading to a two class society.

I have been amazed at how the republicans get people to vote against their OWN economic self-interest.
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Rb336
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Username: Rb336

Post Number: 8412
Registered: 02-2007
Posted on Thursday, February 05, 2009 - 10:55 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^a testament to their "smear and fear" tactics^

"Why didn't you capitalize the F in "first", or the H in "how"?"

capitalization seldom affects understanding. the same can not be said for poor spelling and clumsy grammatical constructs
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Erikd
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Username: Erikd

Post Number: 620
Registered: 10-2003
Posted on Sunday, February 15, 2009 - 8:24 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

First of all...Free market policies is an oxymoron, that should be the first clue of the liberal deception underway.

Free markets don't require policies, it is the absence of policies (ie regulation other than justice between the parties of the contractual agreement).



Ccbatson,

Free markets and personal liberties can not exist without policies and regulations to protect the rights of all parties.

You constantly claim that the role of government and law should be limited to contract enforcement between two parties.

You are ignoring the need for laws and regulation to protect the freedoms and liberties of parties that are not contractually bound to each other.

Free markets and individual liberties can't exist if there are no laws preventing one party from infringing on another parties rights and liberties.

For example, if a fisherman and a chemist both own property on a lake, the chemist should not be allowed to dump toxins into the lake, killing all the fish, thus preventing the fisherman from making a living.
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Ccbatson
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Username: Ccbatson

Post Number: 18786
Registered: 11-2006
Posted on Sunday, February 15, 2009 - 1:57 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I have repeatedly explained that government is required to make capitalism work... Just not liberal socialist government
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Flanders_field
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Username: Flanders_field

Post Number: 1675
Registered: 01-2008
Posted on Sunday, February 15, 2009 - 2:01 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

1). FEDERAL SPENDING: since 1960 Republicans increased Federal Spending by 71% more than have Democrats
2). FEDERAL DEBT: since 1960 Republicans have increased the National debt by 100% more per year than have Democrats.
3). GROSS DOMESTIC PRODUCT: since 1921, adjusted for inflation, Democrats outproduce Republicans by 43% . Starting in 1940 the Democratic advantage is 23% better.
4). REAL PER CAPITA INCOME: since 1960 Democrats have outperformed Republicans by 30%. (This is perhaps the most important economic statistic of all)
5). INFLATION: since 1960, Democrats outperform Republicans 3.13% to 3.89%
6). UNEMPLOYMENT: since 1960 it decreases in an average Democratic year by 0.3% to 5.33%, and increases in average Republican year by 1.1% to 6.38%.
7). JOB CREATION: from 1945 to 2003, Democrats produced 174,200 jobs per month, Republicans have only produced 60,600 per month. Every time a Democrat succeeds a Republican, job creation soars. Every time a Republican succeeds a Democrat job creation plummets. NO EXCEPTIONS!
8). DOW JONES AVERAGE: since 1921 the DOW has increased by 52% more under Democratic administrations
9). THE BOND MARKET: since 1940 the value of 10 year Treasury bonds rose 1.2% under Democrats and fell 0.5% under Republicans



SOURCES-Bureau of Labor Statistics, Economic Policy Institute, Christian Science Monitor, The Los Angles Times
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Bigb23
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Username: Bigb23

Post Number: 3860
Registered: 11-2007
Posted on Sunday, February 15, 2009 - 2:01 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Where is the "OLD" Cc ?
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Vetalalumni
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Username: Vetalalumni

Post Number: 1138
Registered: 05-2007
Posted on Sunday, February 15, 2009 - 3:14 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"...a fisherman and a chemist both own property on a lake, the chemist should not be allowed to dump toxins into the lake, killing all the fish, thus preventing the fisherman from making a living."

Well presented example Erikd.
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Classicyesfan
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Username: Classicyesfan

Post Number: 500
Registered: 04-2008
Posted on Sunday, February 15, 2009 - 8:43 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"I have repeatedly explained that government is required to make capitalism work... Just not liberal socialist government"

No, government is required to work for the people. It was not established to work for "capitalism". "Liberal socialist" has nothing to do with it.
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Classicyesfan
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Username: Classicyesfan

Post Number: 501
Registered: 04-2008
Posted on Sunday, February 15, 2009 - 8:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Firstandten says: "I have been amazed at how the republicans get people to vote against their OWN economic self-interest."

Europeans are continually amazed that the American people are gullible enough to enrich the upper classes. It's simple really. The Republicans enlist the most outrageous religious extremists who spout the ignorant prejudices and inhumanity that appeals to the lowest common denominator in a poorly educated unenlightened society. These extemists pander to the baser instincts via conservative talk radio entertainers like the draft-dodging pill-popping hypocrite Limbaugh who hopes the country fails (how's that caring for your children's future?), addle-brained outrageous coke-fried publicity whores like Coulter, and worst of all the religious figures who were so quick to blame "gays" for 9-11, and are inadvertently hurting their marriages by "protecting" them from those marauding bands of gays who have the audacity to live as happily as them. It's easy to appeal to the hatred, the misunderstanding, the prejudices and intolerance because they exist in abundance in this wonderful land. Who cares about economic issues when those awful people want to get married?

I almost feel sorry for Annie Oakley Palin because some of her extremism will play sadly in the history books, ala George Wallace. Imagine having "I tolerate gays" recorded for all time!

Anyway, things have not changed much since 1971 when Archie Bunker supported Nixon. The Republicans are smart enough to know that Archie is alive and well and living in 40% of American homes.
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Glowblue
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Username: Glowblue

Post Number: 167
Registered: 09-2008
Posted on Sunday, February 15, 2009 - 11:39 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Capitalists are the real looters, heh. Looting the wealth created on the backs of the workers.